Okay serious..which Broker...
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Thread: Okay serious..which Broker...

  1. #1
    I have been exploring brokers for a week now. Goddamnit! It's easier to work out a profitable Foreign Exchange trading system than it is to find a broker. Literally! It took me a week try it out over 2 decades and to think about my system, and its taking me longer to locate a broker!

    There are so many out there, and no matter where you look there are great reviews and terrible reviews. I can't work out who's telling the truth?

    So this thread has been made to simply ask this question. What are the brokers that won't steal exchange and my cash fairly? .

    Please don't write answers like:'ECN brokers', humorous jokes about there not being any any other junk.

    I'd expect if you would suggest a company you would have traded with them and found they'll provide you those hard won profits.

    Cheers,
    Scotty

  2. #2
    Gft the way for others were tried by me but matches them.

    I use dealbook web platform and mt4 for charting and it functions flawlessly

    regards damien

  3. #3
    How much cash are you going to start your account with?

    What state do you reside in?

    Serious questions.

  4. #4
    Dukascopy Bank via an Introducing Agent (IA)





    Trade to trade well, no excuses.
    JD

  5. #5
    I can share my expertise. I am not trading a year with them but I enjoy what I see. Quick implementation, low spreads, friendly employees.

    And in addition, it fits me great because I began with a very low amount of money. Is their platform, but you can always use other platform for charting.

    Thanks for your time,
    Albinas

  6. #6
    I tried oanda disconnected everytime I just after the session available for just 4 hours afterwards or entered a commerce. I had an account with them for a week then I shut it quicksmart

    regards damien

  7. #7
    InterbankFX

    I have had no issues with them at all.

  8. #8
    I'm presuming if the egy works prospective deposits per year of 20k and a deposit of 10k. But I'd like 100:1 leverage and the option to trade and 24/5 customer service. I live in Australia.

    I have check 100forexbrokers etc but they do not really answer the question of whether I can anticipate the broker 0. O

    I'd really like to choose OandA however they offer at most 50:1 lev. I have asked if I can be specially considered for 100:1 but they're not interested (I expected as much)

    Thanks a lot guys for your replies so far!

  9. #9
    GFT. I've been f*cked by GFT of being together, in all the years. That's the reason they're my broker, and that I have accounts with a lot of brokers.
    *Lowest Spreads in the industry.
    *Platform is solid. - I would never exchange Dealbook for MT4/5
    *Data feed is fast/accurate.
    *Customer service is the best in the business.
    *Deposit/withdrawals are quickly.
    *No link issues.
    *$80 Million together with the NFA.
    *Live Chat, Mail, Telephone sales and support.
    My vises with GFT would be the new 5th decimal in pricing. 5th pricing was introduced by GFT, this week. Not at all enthusiastic about it. Were told that the spread would be lowered by that the decimal, than they've been, but up to now I haven't seen the spread any lower. They utilized the spread as a selling point when actually my pairs spread were greater than typically on Sunday trading. EurNzd, before 5th decimal on Sunday trading were 10-12 pips. This past Sunday, the spread for my pair was 25-40 pips. Not at all happy about that since I love to leap on this pair to the opening of the week. The spread was steady throughout the week during its regular 7-8 pips. So GFT is on my shit list for that. All the pairs, like the majors, were fine and at times a 1/2 pip lesser than normal.

    My favorite broker is Interactive Brokers. Low spread and insurance on your funds. In addition, I do trade Foreign Exchange but I also trade equities and some futures with IB. The issue, customer service is poor and I really don't enjoy their coffee trading platform. If you do not need customer service for anything other than opening the account, you should be OK. If you also do not enjoy their Java trading platform, definatly invest some time and a bit of cash in an trading platform, like NinjaTrader - which is exactly what I use.

  10. #10
    Quote Originally Posted by ;
    I'm presuming a residue of 10k and if the egy works maybe future deposits of 20k annually. But I'd like 100:1 leverage and the choice to trade and 24/5 consumer services. I live in Australia.

    I've check 100forexbrokers etc but they don't really answer the question of whether I can trust the broker 0. O

    I'd really like to go with OandA however they provide at most 50:1 lev. I've asked if I can be especially considered for 100:1 but they are not interested (I expected as much)

    Thanks a lot guys for your answers so far!
    If I were you, I'd first try to locate an Australian broker you can live with. The main reason is if something requires regulatory or legal relief, it is going to be MUCH easier for you to be dealing with a business in your house jurisdiction.

    10,000 is a lot of cash, but inadequate to litigate over internationally. Different story if they're inside your own nation, in which authorities will be amenable to assisting you, a taxpayer.

    That apart, together with 10,000 you have a wider choice than a few. If you can't locate an Australian broker, you'll want a serious heavily controlled business, that has FX as one of its many offerings or is a true bank, They should be a big business with a new name they are motivated to shield,which makes them uninterested in screwing people in their FX operation.

    With more than 10.000, however less than 25,000....

    Interactive Brokers from the US fits that bill and is as inexpensive as you'll even find with out being an intitution. US is their account size that is opening.

    You don't desire 100:1 leverage. You shouldn't ever be trading your account so hard the difference between 50:1 and 100:1 makes you don't wish to exchange. You would be taking too much risk on a single position if you had to use all the 100:1 leverage. To involved to discuss here, study it. No one that I know that's successful at this transactions their account anywhere near 100:1. Just does not happen. ( taking complete account size into account )

    IB has 40:1 leverage. You might not like that at first, but its plenty. Research this, because your announcement that you simply need 100:1 makes me believe you need a few eduion regarding leverage, transaction size, account size, risk of ruin etc..

    They've everything you want... you did not mention platform, however they do possess cellphone.

    They're a store that courts self sufficient active traders who can take care of themselves, and in exchange provide you executions at a professional's cost, rate and result.

    Do a part search on this website for TraderKGB, he will provide you a hands-on rundown, as I haven't traded FX w/ them, just futures, options and stocks. They are very well known in the futures and are a world class costume.

    Heavily controlled, insured accounts.... Your cash is safe etc..

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