Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.
I just start trading with HotForex, so for now I think I'll just write what I experience during this time. So far, I guess they are an okay broker, didn't come off as a scammer, but not the best either. I did not have any problems when it comes to withdrawals and I guess this is what most people care about. Everything is simple, from the moment I oppened the account, it was approved almost instantly, I downloded the MT4 and in almost no time i was able to start practising on a demo account. You can also find a lot of great education on their website, which is a good thing for newbies I guess. Also, it's good to know that they are regulated by different regulators.
IC Markets is not the perfect broker out there. But I can't deny that they have the best commission, spreads, support, fast execution, and really nice website compared to others. The support is really good and helpful, I really like how they make me feel important. they actually take care of my problems seriously. The educational support is also great, they have useful contents to help new traders learn and evolve. One thing that I didn't enjoy is how big the withdrawal fee is if you are using a local bank. However, I understand that this is the bank's policy and not up to IC markets to decide.
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