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Broker choice

PrivilegeToExist
May 28 2018 at 12:21
13 Posts
I write of them from experience, not as advertisement. The only others I have personal experience with are Trading212 and IG. Of these, FXTM is the best from a trading perspective, though IG is a close second, mostly because of their remarkable web platform.

Priority 1 in your life should be to find out what priority 2 is.
vontogr (togr)
May 29 2018 at 07:44
4862 Posts
PrivilegeToExist posted:
ForexTime allows scalping, hedging, has optionally swap-free accounts (for everybody), true negative balance protection (at least in Germany, check if your country too), and relatively low spreads (e.g. EUR/USD often 0.3 pips) for their 'ECN' accounts, which in turn come with $4 commission per lot. Wider spreads but no commission on standard accounts. They also have Cent accounts, spread is even wider there.


FXTM is still in category 'russian broker' I would not trade but cent account there.

Mohammadi
May 29 2018 at 10:38
886 Posts
There are almost thousands broker in online retail market place and most of them are found to be scams. So it is very much difficult to find a right broker from all, we can choose the broker which is more appropriate to the concept of trading that will be used , the traders who are particularly scalpers should choose the broker that allows trading concept such as this.

PrivilegeToExist
May 29 2018 at 11:10
13 Posts
What does 'russian broker' mean? Do you mean the origin of the company? What about being regulated (like FXTM is)?

Priority 1 in your life should be to find out what priority 2 is.
vontogr (togr)
May 30 2018 at 08:27
4862 Posts
PrivilegeToExist posted:
What does 'russian broker' mean? Do you mean the origin of the company? What about being regulated (like FXTM is)?


Based on my negative experience these are Russian broker characteristics
1. Creepy execution
2. Problem withdrawing profits or even deposits
3. Arrogant support.
4. Or even bankruptcy

For example InstaForex


PrivilegeToExist
May 30 2018 at 09:53
13 Posts
You may be right. Anyway, my experiences so far:

I've made many deposits and withdrawals (even complete withdrawal (except Cent) by now, need more experience) with FXTM, no problems. (There were no profit-withdrawals.)

I frequently talk to live-support of 'all' 'my' brokers and others, in no case (incl. FXTM) did I experience arrogance or was not sufficiently informed (as far as I can tell), it was also always fast.

Bankruptcy should not be a danger if each customer account is insured up to e.g. €50,000 as some regulators require.

Priority 1 in your life should be to find out what priority 2 is.
Armagaddon (meet2mihir)
May 30 2018 at 10:05
5 Posts
try ic market once,,,, this forum will close after that................ complete satisfaction guaranteed....... read my first post here. true ecn broker

please use refferal code 12144

thanks

Baldo (BaldoN)
May 30 2018 at 14:03
522 Posts
PrivilegeToExist posted:
I write of them from experience, not as advertisement. The only others I have personal experience with are Trading212 and IG. Of these, FXTM is the best from a trading perspective, though IG is a close second, mostly because of their remarkable web platform.


Just to add few cents here:
Trading212 - UK registered company (behind the name Bulgarian owners and other name Trader.bg) - pure MM with bad fills :)

IG - Much better then Trading 212 in terms of fills and price stability of the flow. Years ago I have stopped using IG services due to a bug in their L2Dealer platform - not sure if they are keeps offering now.
 
FXTM - no need to comment - Vontogr explained why :)

As per my opinion I could define as trusty regulated brokers with stable price flow and execution: JFD Brokers, IC Markets, Ducas, Tickmill :)

vontogr (togr)
May 30 2018 at 14:42
4862 Posts
PrivilegeToExist posted:
You may be right. Anyway, my experiences so far:

I've made many deposits and withdrawals (even complete withdrawal (except Cent) by now, need more experience) with FXTM, no problems. (There were no profit-withdrawals.)

I frequently talk to live-support of 'all' 'my' brokers and others, in no case (incl. FXTM) did I experience arrogance or was not sufficiently informed (as far as I can tell), it was also always fast.

Bankruptcy should not be a danger if each customer account is insured up to e.g. €50,000 as some regulators require.


Regulation is weak
https://www.forextime.com/eu/policies-regulation/license-broker

Mohammadi
Jun 09 2018 at 12:27
886 Posts
I have seen according to my trading experience by and large traders think, only regulated trading broker can make sure a secure and comfortable trading life with certainly, but I think regulation is not a big deal when choosing a broker, the main fact is the credibility of the broker

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