What Broker is the best? (By detected)
| Gain : | +3.65% |
| Drawdown | 0.79% |
| Pips: | 32.7 |
| Trades | 1 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | - |
| Trading: | Unknown |
What Broker is the best? Discussion
Dec 07, 2016 at 16:08
407 Views
6 Replies
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Dec 08, 2016 at 07:31
i.c market or thickmill
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Dec 08, 2016 at 07:31
meant tickmill
Dec 08, 2016 at 08:54
All brokers are about the same.
The downside worries are:
1 . Negative balance protection
2. Spreads and Fill
3. Lag and server hang issues
In terms of regulation, no one will worry about FXCM so much compared to other brokers based on shady places.
But FXCM itself, spreads are not that ideal. Reputation is good but they were also hit bye CHF movement last year, and had lost massive money and clients due to that incident.
I would still prefer negative balance protection regardless of broker.
But your amount is significantly higher than most retail FX traders here. You probably know best.
The downside worries are:
1 . Negative balance protection
2. Spreads and Fill
3. Lag and server hang issues
In terms of regulation, no one will worry about FXCM so much compared to other brokers based on shady places.
But FXCM itself, spreads are not that ideal. Reputation is good but they were also hit bye CHF movement last year, and had lost massive money and clients due to that incident.
I would still prefer negative balance protection regardless of broker.
But your amount is significantly higher than most retail FX traders here. You probably know best.
forex_trader_354005
Member Since Aug 22, 2016
183 posts
Dec 08, 2016 at 11:33
Member Since Feb 22, 2011
4862 posts
Dec 08, 2016 at 11:34
eruditeX posted:@eruditeX
All brokers are about the same.
The downside worries are:
1 . Negative balance protection
2. Spreads and Fill
3. Lag and server hang issues
In terms of regulation, no one will worry about FXCM so much compared to other brokers based on shady places.
But FXCM itself, spreads are not that ideal. Reputation is good but they were also hit bye CHF movement last year, and had lost massive money and clients due to that incident.
I would still prefer negative balance protection regardless of broker.
But your amount is significantly higher than most retail FX traders here. You probably know best.
No, there are huge differences. Some of the brokers are just bucket shops and you will never get your money back. (mainly Russian brokers)
Some of the brokers offer better conditions for trading - spread, execution. leverage, platform.
It took me years to find the ones that suit bet my needs.
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