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Pro tip: stopped judging brokers by minimum deposit and started checking execution speed
For years I picked my forex broker based on how low the minimum deposit was. I figured if I could start with $50, that was the best deal. Then I missed a trade on EUR/USD by about 8 seconds because my broker's execution lagged hard. That slip cost me $120 in potential profit. So I switched to a broker with a $500 minimum but sub 50ms execution times. After 3 months I'm actually ahead on my account because I'm not getting stopped out by slow fills. Has anyone else found that low barriers to entry just hide bigger problems with the broker?
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emmasingh4d ago
Right? Low deposit brokers got me too, cost me way more in missed trades.
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nancy304d ago
Missed trades from their own platform issues? That's wild.
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