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Broker Suggestion

Silvia (SigmaVess)
Mar 19 2013 at 21:36
2 posts
Hello fellow traders, I need a suggestion from this vibrant community.
Which broker you suggest for trading under these circumstances:

-starting capital 2000 EUR
-MT4 platform
-Rely mostly on Hedging strategies, automated (EAs)
-need a good levererage, like 1:300 least
-lot precision of 0.01
-Euro citizen
-Regulated

I know its a complicate question due to many factor, but having made a list of potential cadidates I would like to see if they are common,
Thanks,
Sy


bennyblanco4X
Mar 20 2013 at 09:36
10 posts
Dirk Schaefer (sfx_systems)
Mar 20 2013 at 13:12
321 posts
I´m with ActivTrades and they are very good
their support is just great

always good trading Silvia



Geht Nich Gibt´s Nich
Bisho777
Mar 20 2013 at 13:25
192 posts
u can search for ur broker with any set of conditions u desire by using this website:
https://www.100forexbrokers.com/

Curran (sareen)
Mar 21 2013 at 12:03
63 posts
I would go for MB Trading, oldest broker in the business, regulated and with extremely tight spreads

When you lose, don't lose the Lesson
Silvia (SigmaVess)
Mar 21 2013 at 19:02
2 posts
bennyblanco4X posted:
What pairs?


Thanks for all your suggestions, pairs are mostly Eur/Jpy, Usd/Jpy and Eur/usd

Sarah (SarahForex)
Mar 22 2013 at 22:50
2 posts
Might I suggest ThinkForex? This broker meets all of your criteria, plus they have really low spreads (0.2 on EUR/USD with Pro account), good customer service, and fast execution. They are ASIC regulated.

forexci
Jan 17 2014 at 18:32
7 posts
Ah, yes, the key conundrum: with whom shall I entrust my trading moolah?

Well, most (surviving) brokers are regulated (if you're a cynic, that won't mean much), but, when it comes to conducting due diligence ('Crikey, do you need an anaesthetic...?'), you're looking at Spread, Trading Platform, Leverage, Support (preferably in-house, where you're communicating with people who are empathetic to your account status), and Execution.

https://www.flickr.com/photos/[email protected]/11995339146/

Your're also seeking out Reviews by authentic 3rd parties (for example, reviews of my own broker excel markets), here on myfxbook and forexpeacearmy.

At the end of the day, choosing a broker is not rocket science. Now making money from currency trading, that's another story...

I Think, Therefore I'm Guessing
CrazyTraderfx (CrazyTrader)
Jan 17 2014 at 22:28
1718 posts
I would recommand Pepperstone... but I will open soon a new account with FXOpen (tighter spread)

JC (johncarrus)
Jan 19 2014 at 16:07
42 posts
i'm with oanda

When the waves are good- Ride them, If they are not, wait for the next set
SemperAugustus
Jan 19 2014 at 19:21
1 posts
Silvia, that is simple: https://tradersway.com/

They have Euro MT4.ECN accounts with very low spread and starting from 10 Euro deposit. High execution, low commission. I use that broker for a while now. Good support, no nonsense, no aggressive marketing. Just trading, no games.

Curran (sareen)
Jan 19 2014 at 22:05
63 posts
johncarrus posted:
i'm with oanda


I was with Oanda for a while.
Excellent execution and very consistent spreads
But contemplation regarding 'market maker' status

When you lose, don't lose the Lesson
JC (johncarrus)
Jan 20 2014 at 01:40
42 posts
sareen posted:
johncarrus posted:
i'm with oanda


I was with Oanda for a while.
Excellent execution and very consistent spreads
But contemplation regarding 'market maker' status


Do you have a list of brokers that would be considered NON-Market makers?

When the waves are good- Ride them, If they are not, wait for the next set
Curran (sareen)
Jan 20 2014 at 10:13
63 posts
Armada Markets
FXCM
FX Open
IBFX
Vantage

When you lose, don't lose the Lesson
Adrian Matusiak (adrian8891)
Jan 21 2014 at 09:38
696 posts
In my opinion, from listed above, Armada Markets has best trading conditions.

PAMM MANAGER // Professional Fund Manager
vctfernandes
Jan 21 2014 at 13:52
3 posts
What do you guys think about IC Markets? I've been demoing with them for a while now, but I've heard some horror stories about slippage in the real servers...

Curran (sareen)
Jan 21 2014 at 14:05
63 posts
I have heard of IC but I think a lot of brokers have slippage, sometimes it cannot be avoided as execution always involves a delay. You just need to go for a broker that has a BIG liquid pool, with lots of providers of prices and buying/selling.
No matter which ECN/STP forex broker you go for you will encounter trades with slippages but sometimes it can be positive and negative - sometimes weighing in your favour or against you. It's just a matter of how quickly the market it moving and what kind of trader you are.

When you lose, don't lose the Lesson
LeaBa
Jan 22 2014 at 22:04
1 posts
I am with BelforFX and i couldnt make a better choice!

Viktortanner
Mar 30 2015 at 06:29
2 posts
Hello,

the best thing to do is to look under their skirt, by finding out more about the actual trading costs.
Trading cost is influenced by mainly spread and commissions, but you should also pay attention to swap mark-up and conversion loss. These cost types are less known, however
they can raise your trading cost substantially.

If you want to get a good comparison of broker costs, I'd suggest you to take a look at the TraderProofer (https://tradeproofer.com/), they have a cost comparison engine which takes all
types of costs into consideration, you can even personalize your search accorcing to your trading style.

I hope this one helps for you.

prembabu309
Mar 30 2015 at 15:01
2 posts
Paxforex is Better Broker


'I have invested $10,000 and already earned $30,000. I withdrew my money and the transaction was processed without any complication. All of my deposits were processed in about 15 minutes and therefore I was able to trade in within minutes. PaxForex has many exciting promotions and an exquisite customer service. I suggest everybody to open a trading account with them!'


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