To use chat, please login.
Back to contacts

suggestion for best broker to trade eurusd

rahiths (rahiths)
Jan 04 2016 at 13:18
98 posts
must be low spread for scalping

A trader can be an economist but an economist could never be a trader. They are too theoretical.
yonosoypublico
Jan 05 2016 at 07:48
2 posts
Tickmill is a real nice broker for eurusd, you wont find any better for that pair.

Usually just 0.01-0.02 spread.

peter977
Jan 05 2016 at 08:03
25 posts
Depends on how much you have for trading. FXCM pro account, or Interactive brokers or Lmax exchange. If you have 1000 USD you wil barely find decent broker services

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
rahiths (rahiths)
Jan 05 2016 at 09:12
98 posts
im thinking about globalprime ,,, .40 spread , anybody here from that broker

is .01-.02 is standard spread in Tickmill

A trader can be an economist but an economist could never be a trader. They are too theoretical.
peter977
Jan 05 2016 at 11:56
25 posts
Then you should check their reviews for example in forex peace army. As a scalper this might be a usefull :

My account # with globalprime is: 927673
 
I chose “globalprime.com.au”, because I thought they are the best Forex broker, but I was mistaken. For scalping, this broker is the worst choice. I always use FPA to find brokers. I contacted Jeremy from Globalprime, he helped in setting up my account. Apart from this, everything else about Globalprime was a big disappointment.

The main complaint I have about “Globalprime” is that, there trade execution is very slow. For instance, in one of the trades, I was $80 positive, I closed the trade, and in the end, I got less than $50. Trade volume was one standard lot. This did not happen during any News event. In addition, there was no high volatility in the market.
 
After clicking on close trade, Globalprime takes a lot of time to close the trade. I noticed this slow trade execution with every trade.
 
I also find their spread to be higher than many other forex brokers.
 Their fee is also high.
 
I am using the same scalping strategy with another broker and it works perfectly.
 Globalprime does not have any clients area, that is another disappointment.
 
Using FPA, I was able to find another excellent broker that offer fast trade execution, superb clients area, lot of deposit/withdrawal options, Live-Chat, etc. Globalprime offers none of these.
 
Globalprime was a big disappointment.



Comment:

Added by Jeremy Kinstlinger on 2015-11-17 05:59

Hi Qaiser,

Thanks for leaving a review for GP and sorry to hear of your experience. I noticed your last trade with us was over 6 months ago when admittedly we where having execution issues with one of our technology providers. Since then we have switched to a new provider who has really helped to iron out the issues we faced with the previous provider. Sorry to hear we couldn't make it work for you but we are glad to hear you have found another home that suits your scalping strategy. Good luck with your trading!
 
Jeremy

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
Chikot
Jan 05 2016 at 16:06
2299 posts
if you want low spread and good execution go futures broker if you have enough funds. It is called E7 on futures market.
Dorman trading is definitely a good choice.

rob559
Jan 05 2016 at 16:57
1916 posts
tickmill icmarket are the one i know being the best brokers for anything

yonosoypublico
Jan 06 2016 at 08:37
2 posts
As I told Tickmill is great but today I have found a new broker called MFX and I have found they have an account for CFDs

this include CFDs for forex and they have very low spreads wihtout comission 0.1-0.2 sometimes even 0 without comission

the problems is that accounts are only in USD (not base euro currency account) and maximum leverage for CFDs forex is 1:100

but the spreads are the best I ever have found

anyway tickmill is too a very good option in fact tickmill is my favourite broker

rahiths (rahiths)
Jan 07 2016 at 15:17
98 posts
yes seems like tickmill is better at spread than global prime 4.35: 7 commision

but they are regulated by island country thats the problem

but i would go with ticmill may be till now

Anymore suggestion from anyone

Thanks

A trader can be an economist but an economist could never be a trader. They are too theoretical.
kricka
Jan 08 2016 at 00:17
92 posts
It all depends on what platform the trader like to trade on. There are several to choose from. cTrader, MT4, Currenex, Ninja Trader, Lmax and so forth. Also to take into the consideration is where one is located, and in which country one are a citizen of. USA citizens are not accepted with certain brokers overseas regardless of the platform used. Regulation is also something the trader has to think about. In smaller accounts it's not that important but bigger accounts this is certainly of concern.

The spread the broker is offering is not the whole story there are other aspects to count in for when choosing a broker. Slippage, leverage, commission, service and reliable trading servers to name a few. Trying out different platforms and brokers with smaller live accounts is recommended to get a feel if the broker is up to par. The trader should always try out the broker by testing demo accounts first though, before placing real money in the account.




" Lock in the profit and minimize the draw down "
Please login to comment .