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Thread: Need to find a decent US forex broker

  1. #1
    GFT closed it's accessibility to US traders therefore I want to find a respectable US forex broker. Any advice appreciated.

  2. #2
    Quote Originally Posted by ;
    Oanda has horrible spreads through news releases. Citifx pro jumped to seven pip spread EUR/usd on Friday, second worst . My former GFT mt4 account transferred to forex.com kept spreads fair low.
    This coming week will choose to where a take my main account. Oanda that is financed account.
    Fx-gtg:
    I really don't know why you don't understand the real forex market is like that. If there's no price, that is the conclusion of history. That's the reason why they
    quote two prices. . .bid and ask. If at one moment on time nobody in the whole world doesn't want to sell one specific currency at the current price
    afterward the whole planet would move their quotes to whatever price is loed.

    There is not any magic in forex. Nobody has a pile of the currency that you want to buy laying around in the price you desire at the present time that you desire.
    The whole market is tick based almost 100% effective.

    Nowdays during news ALL major banks open their own spreads. . .they simple want to make sure they are not trapped needing to to sell cheaper then their cost. Why anybody could take orders and fulfill them at prices that are not offered? That would be crazy. I can guarantee you wouldn't do it.

    I assume you're new now, but Oanda almost went broker some 8-9 years back went some geeks came out with news release software
    (that was new back then). Up to that point Oanda in good faith was satisfying all the orders during news however didn't take long for the the masses to seek out and folks getting placing orders by the millions during the NFP news.

    In case you don't need to cover those spreads Just don't trade during news.

    Oanda, Citi, and some other brokers named are good brokers. They quote in line with the real market and attempt to fill your order the best they could.
    If anybody need lower spreads and no-requotes during news open an account with a scam broker someplace. They have magic to get the currency at a price nobody want to sell .

    I don't know about Forex.com. . It was offered to my additionally when I was trading with Deutch Bank a couple of year back but I went another route ending
    with Dukascopy Bank. Of course I have many choices as I reside in Europe.

    J.

  3. #3
    Quote Originally Posted by ;
    GFT closed it's access to US traders so I want to loe a respectable US Foreign Exchange broker. Any information appreciated.
    IBFX.COM

  4. #4
    Quote Originally Posted by ;
    GFT closed it's access to US traders therefore I need to find a respectable US FX broker. Any advice appreciated.
    You ought to be mad enough asking such questions after 2000 posts on factory.
    However OK I will name a few -

    http://www.tradestation.com
    http://www.mbtrading.com
    http://www.advancedmarketsfx.com
    http://www.fastbrokers.com
    http://www.citifxpro.com
    http://www.interactivebrokers.com
    http://www.tdameritrade.com

    all of them are really good believe me, simply choose one and trade with the support of God.

  5. #5
    I am shing my capital to citifxpro. Thus far the best I've found doing some research
    1.6 fixed spread on EUR/USD
    NO commision

  6. #6
    I wouldnt take 1.6 pips on EUR/USD in this era, thats uncompetitive. Is funds protection. Personally I would probably choose Interactive Brokers if I had to select an american company. Low transaction costs if im not mistaken, and and they have protection that is spic too.

  7. #7
    Quote Originally Posted by ;
    I wouldnt accept 1.6 pips on EUR/USD in this day and age, thats outright uncompetitive. Is capital protection. Personally I would choose Brokers if I had to select an american company. Low trade prices and and they have protection also, if im not mistaken.
    I shall attempt IB demo weekly. Might open an additional account with IB or oanda
    thanks to your comment

  8. #8

  9. #9
    Quote Originally Posted by ;
    I wouldnt accept 1.6 pips on EUR/USD in this era, thats outright uncompetitive. Is funds protection. Personally, I would probably choose Brokers if I had to select a american firm. Low trade prices if im not mistaken, and and they have protection that is spic also.
    You are sadly mistaken. SPIC only covers shares and stock alternative accounts. Forex and futures Aren't insured by SPIC. As a prior PFGBest account holder I learned that the hard way; 30 pennies on the dollar difficult. Additionally sweeping excess margin funds daily from futures account into a stock account WILL NOT be covered by SPIC .

  10. #10
    Quote Originally Posted by ;
    and you have traded with Them All?

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