Broker recommendation!

Aug 11, 2021 at 05:23
3,586 Views
51 Replies
Member Since May 31, 2021   35 posts
Aug 11, 2021 at 05:23
I want to test MT5, since I think soon enough we all have to shift. Can someone recommend a good broker keeping scalping in mind? I don't want to go full in as MT4 will be my main for now. I shortlisted a few- Fxview, AvaTrade and XM. Please share your thoughts.
Member Since Oct 20, 2020   49 posts
Aug 13, 2021 at 11:26
If you are looking for a good lower commission broker, I recommend FP Markets; they offer some of the lowest commission costs with tight spreads and faster execution speed than any ecn broker.
Member Since Aug 14, 2020   40 posts
Aug 15, 2021 at 15:15
Keeping in mind your requirements of scalping and mt5 platform, i can suggest fxview in this lot. Spreads are very low, you can check on myfxbook itself, plus commission is also $2 RT. And yes they offer both mt4 and mt5. Rest of the brokers are also not bad, you can do a due research before choosing. Good luck!
Member Since May 27, 2021   64 posts
Aug 19, 2021 at 11:31
If you are scalper, go for fxview. I myself am using them, best spreads.
Member Since Aug 23, 2021   4 posts
Aug 23, 2021 at 11:01
What do u trade with them? Indices or currency pairs?
Member Since Aug 13, 2021   43 posts
Aug 24, 2021 at 07:25
You can give a try in ZFX to trade indices & FX. Low spread is basic. Trading indices includes NO commission and can have rebate.
Member Since Jan 14, 2021   57 posts
Aug 26, 2021 at 12:28
'I will say FP Markets, they have a minimum opening balance of 100$, no spread widening issues like the other brokers.

Lower commission, no depositing or withdrawing fees with my visa card, ecn pricing and fast execution, slippage is low.'
Member Since May 27, 2021   64 posts
Aug 27, 2021 at 04:24
AbubakarSabiu posted:
What do u trade with them? Indices or currency pairs?
I trade currency pairs.
Member Since Aug 23, 2021   4 posts
Aug 27, 2021 at 08:08
Any of those. Either indices of currency pairs
Member Since May 27, 2021   64 posts
Aug 31, 2021 at 07:55
AbubakarSabiu posted:
Any of those. Either indices of currency pairs
I haven't experimented with indices till now with them. I mostly trade forex pairs like EUR/USD, USD/JPY etc.
Member Since Aug 23, 2021   4 posts
Aug 31, 2021 at 09:14
Do you use bots?
Member Since Jan 09, 2019   5 posts
Aug 31, 2021 at 11:44
as an auusie you cant join fp international
Member Since Jan 09, 2019   5 posts
Aug 31, 2021 at 11:46
IC markets also has a branch in seychelles and wont let anyone from australia join the offshore IC markets.
Member Since Oct 20, 2020   49 posts
Sep 01, 2021 at 13:35
'I currently use FP Markets, would recommend them. Better spreads and lower commission compared to other similar ECN brokers.

Reliable brokers with proper customer staff and spreads are consistent even during high volatile market movements.'
Member Since Aug 13, 2021   43 posts
Sep 02, 2021 at 09:37
I am using ZFX as my main broker. low spread and low commission are actually a must in ECN account.
If you want rebate, you can contact IB to negotiate
Member Since Aug 28, 2020   37 posts
Sep 02, 2021 at 10:42
I mostly recommend FP Markets, my currency broker, because their spreads are some of the tightest and commissions per lot are lower than the competitors.

I trade using their Raw spreads account (ECN), where EUR/USD averages at 0.0 pips for more than 50% of the day. The spreads are low across currency pairs.
Member Since Mar 15, 2019   82 posts
Sep 15, 2021 at 00:24
iccapital posted:
IC markets also has a branch in seychelles and wont let anyone from australia join the offshore IC markets.

Yep! I had the same issue, so was forced to go for an off-shore alternative. Actually glad i did now as i hold my balance in BTC instead of AUD, which is far more attractive for the long haul
All or nothing
Member Since Aug 13, 2021   43 posts
Sep 24, 2021 at 06:29
I am using ZFX as my main broker. low spread and low commission are actually a must in ECN account.
They even offer rebate from commission . Of course it depends on your lot size
Member Since Feb 20, 2021   53 posts
Sep 27, 2021 at 11:13
I use Coinexx. Their trading conditions are quite good. The orders get executed quickly and there are no price delays.
Member Since May 27, 2021   64 posts
Sep 28, 2021 at 11:16
AbubakarSabiu posted:
Do you use bots?
Sorry for the late reply buddy! I trade with them using EAs.
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