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Broker choice
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BaldoN

Member Since Feb 12, 2016  429 posts Baldo (BaldoN) Sep 29 2017 at 13:57
UK or and EU regulation sounds much better then regulator placed on exotic island :)

Mohammadi

Member Since Aug 11, 2017  118 posts Mohammadi Oct 15 2017 at 13:44
Finding a right broker actually is a big challenge in 2017; because there are almost thousands on line brokers in retail market place and most of them are found to be scams. Before recommend at any brokers we the traders have to trade with them practically, we can open a minim account at any broker to see the performance how it works.

OGONEFX

Member Since Feb 10, 2014  16 posts OGSystems (OGONEFX) Oct 16 2017 at 07:20
Just glancing over the first page of this thread and surprised how much BS gets thrown around. Your best bet is finding an IB who not only knows brokers, but gets you a better deal than if you'd just walked in off the street. Professional IBs will have a range of quality brokers for you to choose from across the various regulatory jurisdictions and can save you as much as 20% in fees.

OGONEFX

Member Since Feb 10, 2014  16 posts OGSystems (OGONEFX) Oct 16 2017 at 07:20
togr posted:
try this https://www.100forexbrokers.com/


Both of those comparison sites are actually hopeless lol 100 has been listing outdated/incorrect data for years and the whole idea of the website is listing every broker that exists so you have to sift through a ton of crap. I'm not going to spam my offering here, but we only work with true ECN brokers which cuts the BS right from the get go.

Matas21

Member Since Oct 16, 2017  8 posts Matas21 Oct 16 2017 at 13:56
Comparision website are very limited when it comes to brokers. Better find a few brokers that seem good and then conduct your own research

OGONEFX

Member Since Feb 10, 2014  16 posts OGSystems (OGONEFX) Oct 19 2017 at 14:29
Matas21 posted:
Comparision website are very limited when it comes to brokers. Better find a few brokers that seem good and then conduct your own research

From my experience as an IB and owner of a comparison site, most traders actually make a very poor choice when they do their own research. This is no reflection on their trading abilities, brokers just aren't their speciality. The Myxfbook spread comparison and volume comparison tools are very handy, but if traders use them at all, they tend to only look at live conditions, rather than delving a little deeper and looking at averages.

Even if you do manage to select the best broker, if go it alone, without a value-adding IB, you often pay 20% more than you need to in commission charges.

Let's do a little test Matas21 - who do you trade with and do you pay full price or get rebates?

Mohammadi

Member Since Aug 11, 2017  118 posts Mohammadi Oct 26 2017 at 14:31
We can choose a broker which always ensures security of funds at any kinds of investments , lowest trading spreads for using any kinds of trading strategies, low transaction cost and much more that are very supportive to lead a comfortable trading life with certainly.

Admoni

Member Since Aug 09, 2017  95 posts Admoni Nov 03 2017 at 14:01
From all trading elements in Fx spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

OGONEFX

Member Since Feb 10, 2014  16 posts OGSystems (OGONEFX) Nov 12 2017 at 07:51
The problem is, pretty much every broker advertises their minimum spread. Then there's the liquidity issue too, if you are scalping and you start getting up to full lot multiples, slippage becomes a real issue at most retail ECNs. There is a huge difference between the best brokers and mediocre ones, even if this difference isn't obvious to the naked eye.

Matas21

Member Since Oct 16, 2017  8 posts Matas21 Nov 14 2017 at 15:43
Interesting comment. I like to check myfxbook spreads when there is news to see what the spread of brokers is then

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Consumer Price Index - Core (YoY) (49 min)
Swiss economy to expand by 0.5% in Q4 20...(10 min ago)
EURUSD 1.22195 GBPUSD 1.37772
USDJPY 110.84 USDCAD 1.24573
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