Okay serious..which Broker... - Page 2
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Thread: Okay serious..which Broker...

  1. #11
    In australia we are confined to retail brokers

    there's

    fx solutions

    gft

    gomarkets

    fxcm

    and a few others I believe but they are the top 4 not in any order fx sol has higher spreads than the remainder. Fxcm well I read articles that I wouldnt use them at all. Gomarkets I tried but dont like mt4 and they were receiving price spikes and I am with gft and wont visit some other broker

    regards damien

  2. #12
    Another Aus option is AxiTrader. They was AxisODL but FXCM purchased out ODL, so Axis is currently independant.

    The spreads are similar to (generally better than) GoMarkets, they also supply index and oil trading throughout MT4. There aren't a lot of reviews on the internet, but I did not find any negative ones. I am currently trying out them.

    I've already been with GoMarkets since February and have had no problems, and have withdrawn $x0,000 before without any problems, in reality it is removed and accessible my ANZ account the very next day.

  3. #13
    Advanced Markets or http://www.amifx.com USA broker, NFA controlled, non market manufacturer, veryyyyyy low spreads, and quickest damb order implementation of any broker I have traded live with. Commissions could be a bit better but their not horrible.

  4. #14
    One thing you want to be conscious of is new regulations are currently arriving from the US from the autumn. Nobody knows what they will be, but nothing actually onerous is anticipated. The consensus is we will get restricted to 50:1 leverage, which isn't a problem.

    But following the 2000 stock market crash they earned something called the day trader rule for stocks. Very absurd 4:1 margin and other bullshit that drove me out of stocks. None of those regs they put on with all the day trader rule addressed anything whatsoever with the stock market drop, but that's how they marketed it... we want these regs to prevent speculators causing uncontrolled market swings. It is possible that they won't perform 50:1, they prosed 10:1 leverage, and it can be a problem, and might drive me offshore.

  5. #15
    Quote Originally Posted by ;
    Dukascopy Bank Through an Introducing Agent (IA)

    Trade to trade well, no excuses.
    JD
    Sorry this is off subject, I've always wondered, why do you will need an IA. Wouldn't they be looking at you trades in real time.

  6. #16
    Quote Originally Posted by ;
    Sorry this is off subject, I have always wondered, why do you want an IA. Wouldn't they're looking at you trades in real time.
    You desire a IA with Dukascopy to cut their commissions that are ridiculous. 45% can be saved by you on fees.

  7. #17
    How about fxopen?

    I reckon they're pretty cool.

  8. #18
    I trade f/t here in Sydney with FXCM, I proceeded with them because of their fiscal transparency (latest balance sheet... http://www.fxcm.co.uk/fxcm-balance-sheet.jsp#) along with also the size of this organisation. Uncertain what the comments are about them, but I have had no issues.

    Their spreads move around a little, but all in all they are ok, I swing commerce, so a pip here or that does not worry me a lot and is a really small price to pay for a few safety. Execution has always been put on.

    Oh and BTW, 100:1 leverage is not only sending your risk of ruin through the roof, but entirely unnecessary, work in your money management and you will see exactly what I mean. I used to trade with Oanda at 50:1not even near needed with risk management, and that I make a living from this thing.

    So all in all I would go with FXCM, perhaps second of the position would be GFT.... best of luck on the markets.

  9. #19
    Heard some excellent comments about them.

    They are going to move to UK shortly. Don't know what impact which will be.

    But if this goes sideways, don't mean to hijack the thread. I would like to hear how others handle their account report. My money there's merely a number. If their server is down. Then nobody could even tell that money ever existed, or just how much amount existed.

    So how do you guys handle your account report? download report daily? Screen shot?

    Cheers.

  10. #20
    Quote Originally Posted by ;
    Advanced Markets or http://www.amifx.com USA broker, NFA controlled, non market maker, veryyyyyy low spreads, and fastest damb order execution of any broker I've traded reside with. Commissions could be a bit better but their not horrible.
    I'm going to support Lex with this one AMI is a great firm to work with true DMA and the execution is superb. Platform takes a bit of getting used to but in the very end of the day like that I do, if you scalp and all you care about is execution I haven't found a location that is better .

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