Broker choice
Member Since Feb 22, 2011
4862 posts
Mar 05, 2018 at 13:47
ricki72 posted:Agreed
hmm since many of the rating sites are sponsored by more or less dubious brokers, i just trust on of them:
https://www.forexpeacearmy.com/
Mar 15, 2018 at 12:28
Spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. We the traders who are particularly scalpers have to choose the broker which always makes sure lowest trading spreads which is very supportive to make profit with certainly by scalping.
Mar 16, 2018 at 13:49
Personally I don’t trust any broker, because when I was a novice trader then I tried with multiple trading robots with high cost! But the results were horrible! I lost my trading capital for 3 times in a row! This is way, now I trade manually based on current fundamental data!
Member Since Feb 22, 2011
4862 posts
Mar 30, 2018 at 19:27
Pandapaws posted:exactly
Don't blame the broker it was probably the robots
Member Since Dec 11, 2015
1487 posts
Mar 30, 2018 at 19:31
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
Member Since Mar 02, 2017
50 posts
Apr 01, 2018 at 14:39
mlawson71 posted:Good advice!
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
Trade safely... Remember, a high Drawdown means a high risk!
Member Since Dec 11, 2015
1487 posts
Apr 08, 2018 at 06:13
UK’s Financial Conduct Authority (FCA) has published a warning against the forex and CFD broker KayaFX. As per usual, the warning is issued because KayaFX offers its services in the UK, without having the proper authorization. (https://www.forexbrokerz.com/news/UKs-FCA-warns-of-forex-CFD-broker-KayaFX)
The broker claims it is based in Tallinn, Estonia but there is no regulatory information available. The company owning the broker – GammaTech Services – has a license for a currency exchange from the country’s Ministry of Economy, but this does not mean the company is regulated.
The broker claims it is based in Tallinn, Estonia but there is no regulatory information available. The company owning the broker – GammaTech Services – has a license for a currency exchange from the country’s Ministry of Economy, but this does not mean the company is regulated.
Apr 24, 2018 at 12:11
Practically, If you want to get maximal result in Forex I think first of all you have to acquire most powerful analyzing trade knowledge by learning. On the other hand , despite of good trading knowledge that’s not possible at all to lead a comfortable trading life with certainly without having a reliable support from a credible trading broker , because the broker can affects the result of our trading with surely.
Member Since Jul 08, 2016
5 posts
Apr 26, 2018 at 06:30
always choose true ecn broker. there are many market maker broker called them true ecn broker. but when u ask the liquidity provider, they cant answer.
IC market is really true ecn broker with name of liqidity providers with true market depth. I have selected it after thorough research and using it since 2 years. it has completely raw spread. zero or even negative spread.
commission 7$ per round turn.
open account with this link (Introducing Broker)
and you will get back 1$ per round turn.
Happy Trading
IC market is really true ecn broker with name of liqidity providers with true market depth. I have selected it after thorough research and using it since 2 years. it has completely raw spread. zero or even negative spread.
commission 7$ per round turn.
open account with this link (Introducing Broker)
and you will get back 1$ per round turn.
Happy Trading
earnning 1$/hour
Apr 30, 2018 at 10:45
According to me , the best broker is a broker which for all time make sure superior execution for trading comfortably, low transaction cost, easy withdrawal system without long time process, lowest trading spreads for using any kinds of trading strategies , active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly.
Member Since Jul 08, 2016
5 posts
May 03, 2018 at 06:18
Mohammadi posted:
According to me , the best broker is a broker which for all time make sure superior execution for trading comfortably, low transaction cost, easy withdrawal system without long time process, lowest trading spreads for using any kinds of trading strategies , active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly.
ic market- superior execution, all trades directly goes to central server-without any dealing desk
l owest ever transaction cost 7$ per round commission+0 spread in eurousd and many pairs... raw spread always in all
deposit withdrawal-paypal, skrill, netteller-1hours processing time- and no charges for that
very prompt customer care- u try
first i have used ufx---- market maker broker
then i used hotforex---- stp broker
then i understood and done research///// found ic market and using it sini have ce last 2 and half years without hiccoup...
try demo there...
i have been IB there... please use my referal code 12144
earnning 1$/hour
May 13, 2018 at 08:34
togr posted:ricki72 posted:Agreed
hmm since many of the rating sites are sponsored by more or less dubious brokers, i just trust on of them:
https://www.forexpeacearmy.com/
You are right. I trust this site: https://brokerchooser.com/
May 17, 2018 at 09:31
bcp95 posted:Very useful site, Thanks a lot for sharing. Helped me a lot .
You are right. I trust this site: https://brokerchooser.com/
Accept the loss as experience
May 17, 2018 at 19:52
The traders who are particularly newcomers always looking for a bonus to trade comfortably. According to me, we newcomers have to take any kinds of bonus from only regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use at all due to margin stop outs.
Member Since May 09, 2018
13 posts
May 18, 2018 at 12:18
I looked at IC Markets (also today at TickMill) due to low spreads, but they do not offer Negative Balance Protection, and I'm not gonna risk that.
I'm otherwise with Trading212, IG, and Forextime (in order of narrowing spreads, in the case of EUR/USD that's 0.9 0.6 0.3 pips, where 0.3 FXTM is an '''ECN''' account (don't know if *real* ECN)), who all guarantee Negative Balance Protection, at least for me as a German customer, so don't blindly rely on this statement. (Shouldn't, anyway.)
FXTM offer the swap-free option to *all* person, so you don't have to prove that you have really interesting beliefs that were programmed into you informationally/forcefully by your parents and society.
FXTM platform: MetaTrader 4 and 5, and a reduced MetaTrader web version.
IG platform: MetaTrader 4 (have to make a specific account for that) and a very good albeit not flawless proprietary web platform that's worth a testdrive.
T212 platform: Proprietary web platform. Good, but IG's is way better, even though IG can not *sigh* show bid and ask priceline in chart simultaneously.
I'm otherwise with Trading212, IG, and Forextime (in order of narrowing spreads, in the case of EUR/USD that's 0.9 0.6 0.3 pips, where 0.3 FXTM is an '''ECN''' account (don't know if *real* ECN)), who all guarantee Negative Balance Protection, at least for me as a German customer, so don't blindly rely on this statement. (Shouldn't, anyway.)
FXTM offer the swap-free option to *all* person, so you don't have to prove that you have really interesting beliefs that were programmed into you informationally/forcefully by your parents and society.
FXTM platform: MetaTrader 4 and 5, and a reduced MetaTrader web version.
IG platform: MetaTrader 4 (have to make a specific account for that) and a very good albeit not flawless proprietary web platform that's worth a testdrive.
T212 platform: Proprietary web platform. Good, but IG's is way better, even though IG can not *sigh* show bid and ask priceline in chart simultaneously.
Priority 1 in your life should be to find out what priority 2 is.
