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Thread: Whats Better: Regulated Market Maker or Unregulated ECN?

  1. #1
    I'm trying to decide whether to go with a regulated MM Such as Oanda, or a unregulated ECN Such as FX Choice. I originally wanted to proceed with FXCM however given their current fiscal woes I am ruling them out. What do you say?

  2. #2
    Quote Originally Posted by ;
    I'm trying to decide whether to Proceed with a regulated MM Such as Oanda, or an unregulated ECN Such as FX Choice. I originally wanted to go with FXCM but given their current fiscal woes I'm ruling them out. What do you say?
    If you're asking this than you aren't a seasoned trader. If you have serious money then superior deposit somewhere and go back to demo a bit.

    First: Oanda is a ideal broker for novice traders and who has low cash ( lt; 20k ) , because: has a maxed leverage 1:50 1:20 and do not let you cash wasted in 1 trade, you get a second chance.
    Secondly: it's an older broker. Scam brokers with 0.1 pip goes and come. When you make some cash and want to withdraw then something is happening and you do not receive your cash back. With Oanda was not an issue like this.
    They just need to change the IT product manager and all is nice, everybody else can see they software is trash.
    Trading with they as first sight has backward.
    They broad the spreads at news releases to even 10 pip out of 1-3 for a couple of minutes.
    Being US broker they implemented the FIFO. -for this they were left by me. I wanted hedge. Not good the hedge.

    I would recommend to stay with they 2-3 years perform with cash for cigarettes and save money.
    When you have 8 month profitable from a year and 3 is consecutive and you have 20k usd, I would search for other opportunities.

    Dukascopy it's Switzerland, but they are russians. They softs are a lot more better, even they has/had a neglect mobile app launch too.
    About 50k I would change to Dukas.
    Ah, when you open an account with Duks take sedatives, critically, they are so crazy as it's unbelievable... and some account managers are horrible, but there is a fine one and you'll be able to ask him. In private message I will write the name, if you need it. Sometimes matter, generally not, but largely in account opening.
    No problem wit they withdraw, like I told better software solutions.

  3. #3
    Quote Originally Posted by ;
    I'm trying to decide whether to Proceed with a regulated MM Such as Oanda, or an unregulated ECN Such as FX Choice. I originally wanted to proceed with FXCM however given their recent financial woes I am ruling them out. What should you say?
    I'd go with a controlled broker regardless if they are MM or ECN so in case you have issues with them, you can complain to authorities and they can step in and help you. MM and ECN is just the company model along with the brokers operate under. There are unscrupulous and reputable brokers in both versions. The most essential elements of the broker is their honesty, equity, their spread and their competence speed in executing your orders.

  4. #4
    Quote Originally Posted by ;
    quote If you're asking this than you are not a seasoned trader. In case you've got serious money then better deposit somewhere and return to demo a little.
    I never claimed to be a seasoned trader... clearly I'm not, or I would not be asking this question.

    I've been demo trading for 8 months and have performed fairly well at it, and no, it isn't a severe sum. I'm going to be depositing $2,000.

  5. #5
    I have utilized O. for 2-3 decades now, would not change for anything. They have 2 platforms: routine mt4 and their proprietary Java. I don't like the Java as well as I couldn't set your D. stations, they do not have SMA High or Low - a very lean platform. However, I really like that the Java's daily near can be set for 5:30 p.m., ET, I do not have to stay up until 11 p.m. for the near (as I would have to for mt4.) They're a fantastic broker, quite tight spreads, and since the mgt. Shakeup a couple of years past, considerably more interactive with their clientele. They've a four Monday webinar beginning Feb. 2 for trading egies, look it over.

    And no, I do not work for these, do not have a piece of the company, or have a relative or friend that works for them, they're just a fantastic broker, period. p.

    p.s. - checking out your SMA D. egy

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