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Looking for a new broker

AussieTrader
Jul 06 2011 at 18:07
4 Posts
Looks like Uncle Sam has got his talons into AAAfx and they are booting out the US clients. Can anyone here recommend a good broker that allows a margin better than 50:1.
Needs to be able to run metatrader
ForexDTrader (partnerfx)
Jul 06 2011 at 23:33
17 Posts
US clients are getting less options. Too bad.
PipGnostic
TheCyclist
Jul 07 2011 at 00:27
724 Posts
AT,

You need to clarify if you are a US citizen or not. If you're not then it's easy, if you are, you've got a big problem.

If you are in Ozzy based there is Go Markets and IBFX in Ozzy.
Dendee
dendee
Jul 07 2011 at 03:16
34 Posts
Agreed with The Cyclist, currently i've 3 managed account on gomarket, and 4 managed account on IBFXAU, as a trader, i've satisfied with their service.
AussieTrader
Jul 08 2011 at 14:04
4 Posts
No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.
PipGnostic
TheCyclist
Jul 08 2011 at 14:48
724 Posts
You are pretty much buggered then.

Have to go the IBC route.
Dendee
dendee
Jul 08 2011 at 14:56
34 Posts
For US clients i will choose HotForex or TadawulFX as the broker. they can accept US client....No problem found so far

AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.
ForexDTrader (partnerfx)
Jul 08 2011 at 21:06
17 Posts

AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.

I think US is doing a lot of favor to US traders because higher leverage kills accounts a lot faster because most Forex traders are not disciplined enough to trade. How many Forex traders can really make 0.1% per year from trading forex? That is why I never encourage anyone to trade Forex.
forex2u
Jul 09 2011 at 01:31
10 Posts
EES FX is ECN broker...PM me
Splexin
Jul 09 2011 at 17:36
202 Posts
AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.

lol....then move to another country. No joke, I've known a few Forex traders who moved to Australia and South Africa because they got tired of the U.S. nonsense. Things are just going to get tighter and fewer offshore brokers will be taking U.S. clients, so either accept it or leave. That's just the way it is.

I am with Oanda and though leverage is limited to 50:1, it is PLENTY enough for me. If your trading system is good enough and you utilize a wise money management strategy then you can make money, no problem. I looked at your demo, you seem to be doing good, so why do you want more margin? When I hear people whine about the leverage the first thing that comes to my mind are arbitrage scalpers or people who just gamble high. I know it can be frustrating with all the regulations and limitations, but the truth is that you really should not be risking more than 2-3% at a time and you only need 10:1 or 5:1 leverage for that.

P.S. Oanda (MM btw) runs MT4 and unlike many brokers, the platform DOES NOT FREEZE during news. Also, open trading starts earlier than most brokers (I think 2 PM EST on Sundays). And spreads tend to be reasonable. It's wonderful.
zzzero
Jul 10 2011 at 02:31
1367 Posts
oanda is the only broker that i know of that regularly locks out their traders and indeed does freeze up during news..

regards,

z/..
Splexin
Jul 10 2011 at 17:02
202 Posts

zzzero posted:
    oanda is the only broker that i know of that regularly locks out their traders and indeed does freeze up during news..

regards,

z/..


Well FXCM has been freezing like crazy during the contest...they are major broker...so now you know of another one. 😉

But I have been with Oanda 2 years and never locked out once. The server does go down about once every 6 months (usually only for a few minutes), but I have never experienced it happen during news trading. There will be a 1-2 second delay in order execution (not a freeze since prices keep moving, a delay) immediately DURING news on Metatrader (I place orders before...either right or wrong...if you wait usually you're wrong), but that is expected of any broker.....so if I'm trading last-minute during news, then I will use the FXTrade platform, which executes instantly. MT4 is actually bridged to the FXTrade server so FXTrade is generally faster anyways. Maybe they just don't like YOU 😉
zzzero
Jul 10 2011 at 22:52
1367 Posts
i have traded thru https://oanda.com and https://fxsol.com and https://ibfx.com and https://forex.com

i now only trade thru https://ibfx.com and https://forex.com using metatrader and neither company has ever done even the slightest thing with their terminal that was even so much as questionable.

with both companies, customer service is flawlessly excellent, deposits and withdrawls are very fast, and they both have a trading desk so that i can call in to open or close or modify my trades.

oanda does not do any of these things properly, and they have no trading desk.

oanda is a fine example of what a wasted one hundred million dollar investment looks like.

fxsol was fine to trade thru, they just didnt float my boat enough to get me to hang around.

zero/.

<a href='https://www.myfxbook.com/members/zzzero/castle-money/128006'><img border='0' src=''/></a>
Splexin
Jul 10 2011 at 23:13
202 Posts

zzzero posted:
    i have traded thru https://oanda.com and https://fxsol.com and https://ibfx.com and https://forex.com

i now only trade thru https://ibfx.com and https://forex.com using metatrader and neither company has ever done even the slightest thing with their terminal that was even so much as questionable.

with both companies, customer service is flawlessly excellent, deposits and withdrawls are very fast, and they both have a trading desk so that i can call in to open or close or modify my trades.

oanda does not do any of these things properly, and they have no trading desk.

oanda is a fine example of what a wasted one hundred million dollar investment looks like.

fxsol was fine to trade thru, they just didnt float my boat enough to get me to hang around.

zero/.


I actually started at Forex.com-- back in 2009-- but to my knowledge they only had their proprietary trading platform at the time. The feed was great and the large buttons were nice but I did not like it at all because you could too easily place trades by mistake. All brokers are in the business to make money off their traders, so each one has pros and cons.

Oanda deposits are processed anywhere from instantly to just a few minutes if you use a credit card or pre-funded PayPal account. Withdrawals are definitely slower....take about a day to process...but I have never had any problems. Checks are the slowest, they take about a week to receive.

I came to Oanda based on a recommendation of a trader who has been in the industry since 1997. I like Oanda because there are no minimum trade sizes. Forex.com's minimum trade size is 10,000 and that's on a mini account. If I took my $2500 to Forex.com and wanted a standard account then I would be stuck trading 100,000 units. No way hosea.

I chose Oanda based on spreads and transparency. The fact that they adopted MT4 in January is a plus but I've had an account longer. I don't need a trading desk. The days of calling in trades are over for me. What do you make of this article? https://nondealingdesk.blogspot.com/2006/04/non-dealing-desk-advantages-and_21.html
zzzero
Jul 10 2011 at 23:28
1367 Posts
Splexin posted: I like Oanda because there are no minimum trade sizes.

this minimum trade size issue impresses me so very little.

i am not personally interested in a broker because they think small, lol..

notice that back in the day that oandanians used to all badmouth metatrader.

but who rolled out a metatrader platform? thats what i am saying.

and they screwed it up royally.

they populated the comment fiield with a bunch of nonsense data that they use to link up metatrader with their flimsy java platform, and that box of junk is truly a digital fiasco.

their metatrader should have been rolled out as an entirely separate platform, entirely separate from their java platform.

i tried to tell em, but they did not listen. oh well.

oanda will gradually lose what little share of the marketplace that they now have, they will eventually fold.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

btw, i will only trade metatrader, period.

i believe that it is possible to bridge metatrader with any type of trading network.

i would actually enjoy writing some bridging type of code for it, if i had the specs to do it right.

i have heard several people talk about metatrader like it is some kind of a toy, but this is not true.

i have been banging on computers since 1983, my first was an atari 400, i wrote basic code and then machine code on it.

i later moved onto writing c language code, and i really like it.

the metatrader platform has it's own programming language that is very c-like in it's syntax, it is very nice and it works very well.

have a wonderful day.

zero/.

<a href='https://www.myfxbook.com/members/zzzero/castle-money/128006'><img border='0' src=''/></a>
zzzero
Jul 11 2011 at 00:01
1367 Posts
Splexin posted:
I don't need a trading desk. The days of calling in trades are over for me. What do you make of this article? https://nondealingdesk.blogspot.com/2006/04/non-dealing-desk-advantages-and_21.html

this article is nonsense.

it sounds like it is almost wriitten by oanda or one of their traders.

imagine that my trading terminal is running at my home.

i am out and about iin the car, or i am up hiking somewhere, but i have a cellphone in my pocket.

so i call home and ask my sister what is my current equity...

she tells me.

ok, sis, would you modify my takeprofit for me?

iit is like that.

for that article to say that my trades are anonymous with a broker that does not have a dealing desk is entirely b.s.

dont you think that oanda can look to see what your trades look like?

try again.

a dealing desk is a very nice tool.

oanda is way behind the times.

btw, i think that i have scoped out a really sweet little princess.

she is like a big box of fun.

zero/.

<a href='https://www.myfxbook.com/members/zzzero/castle-money/128006'><img border='0' src=''/></a>
Splexin
Jul 11 2011 at 00:08
202 Posts

zzzero posted:
    
Splexin posted: I like Oanda because there are no minimum trade sizes.

this minimum trade size issue impresses me so very little.

i am not personally interested in a broker because they think small, lol..

notice that back in the day that oandanians used to all badmouth metatrader.

but who rolled out a metatrader platform? thats what i am saying.

and they screwed it up royally.

they populated the comment fiield with a bunch of nonsense data that they use to link up metatrader with their flimsy java platform, and that box of junk is truly a digital fiasco.

their metatrader should have been rolled out as an entirely separate platform, entirely separate from their java platform.


Well for being such 'junk' it works pretty good. The server is bridged. Your limit orders placed on FXTrade platform do not populate to Metatrader. If MT4 is down you can trade on FXTrade, and if the Java platform is down you can trade on MT4. Or you can trade both at the same time. At least this is what I have experienced.

Also, Oanda offers trading on mobile so no need to call home 😉
You can trade on your phone.
Hernan Segovia (Spyfrat)
Jul 11 2011 at 08:23
52 Posts
bottom line. u profit.
God is great all the time
fxrussia (avatar)
Jul 11 2011 at 09:14
72 Posts
https://www.facebook.com/pages/Introducing-Broker-Gaincapital-Forexcom/116122998431370

roll with it and you fine !

have account there + gcm for the vps all i need
zzzero
Jul 12 2011 at 20:35
1367 Posts
Spyfrat posted: bottom line. u profit.

mr spyfrat,

u profit? are you kidding me?

is that a fifteen dollar account that you are trading at oanda?

omg, plz try not to hurt yourself..

if you work real hard for the next year, you might be able to make enough to buy one of those cheeseburger combos..

tootles,

zero/.

<a href='https://www.myfxbook.com/members/zzzero/castle-money/128006'><img border='0' src=''/></a>


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