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Brokers and true ECN brokers

Jude_craig
Jan 07 2021 at 07:07
81 Posts
lucasser posted:
I suggest trading with FP Markets an ASIC regulated broker, I currently trade with their raw (ecn) account, and they have some of the tightest spreads and slippage offered is also low.
I've heard this name a lot. Do they take clients globally or is it restricted to some particular countries?
Xazvier
Jan 08 2021 at 13:44
39 Posts
Compared to other ECN broker I suggest trading with FP Markets because they have a robust trading condition, they also offer a lower slippage and commission cost for $6 per round per lot.
Ramierez
Jan 12 2021 at 15:31
37 Posts
I currently trade with FP Markets using their ECN pricing raw account. The spreads are tighter and consistent during high volatile market movements, and their slippage is lower than other ECN brokers.
richardmarcus
Jan 13 2021 at 04:17
104 Posts
snapdragon1970 posted:
Hi everyone,I'm new to this site,but not new to trading.I would like to know how many traders on the site use ECN brokers and what their experiences have been?
I have some inside experience of the trading profession.
i am using demo account from an ECN broker they are really good as they get their prices from liquidity providers which cannot hinder the prices
inspirenez
Jan 13 2021 at 04:19
59 Posts
Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
lovefortrading (perryjohn765)
Jan 13 2021 at 05:03
238 Posts
it is very imp to test a broker before depositing or adding money into it. not just the tarading condition but there have been a lot of scams where brokers run away with the people's money
philipsimmions
Jan 13 2021 at 08:22
42 Posts
inspirenez posted:
Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
The most important aspect of trading in my opinion is a solid trading plan. A trader must be sure of the moves and then only trade. Understanding the proper use of stop loss and take profit is also very important. No doubt using a regulated broker with a user-friendly trading platform is important but mastering your trading strategy is even more.
inspirenez
Jan 14 2021 at 04:37
59 Posts
philipsimmions posted:
inspirenez posted:
Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
The most important aspect of trading in my opinion is a solid trading plan. A trader must be sure of the moves and then only trade. Understanding the proper use of stop loss and take profit is also very important. No doubt using a regulated broker with a user-friendly trading platform is important but mastering your trading strategy is even more.
I agree! And what better way to finetune your strategy than to practice on demo. I did the same when I started trading GBPUSD on xm’s demo account. After practicing for a while I traded $500 each on ECN accounts of xm and fxview. Although both require very minimal deposit for trading but I think anything less than the amount I started with will be too less to understand proper risk and money management.
Mikehussey
Jan 14 2021 at 07:27
58 Posts
Making sure that a forex broker suits your requirements is the most important thing that can make your trading journey easier and better. So first determine the currency pair you want to trade, the trading style you want to adopt, and then only choose a broker accordingly.
Dictiony
Jan 14 2021 at 09:32
231 Posts
Before choosing a broker always test the broker and should check trading conditions and how they have a response to the customers.
davidkew
Jan 14 2021 at 11:22
34 Posts
Different brokers offer different trading conditions. It is up to you to decide what you want in your broker. For me, hotforex and fxview work really well because of their tight spreads and low trading costs. I hardly trade more than 15 pips on hourly timeframes and for that it is absolutely important for me to use brokers that provide lower spreads, at least on the most liquid currencies.
Adamgylicrist
Jan 15 2021 at 09:47
38 Posts
Forex scams have become quite common these days. I try my best to research about a broker and read their previous customer reviews so that I make a good choice. Talking to other traders helps a lot in knowing first hand about the experiences of traders in terms of broker’s interface, orders, fills, compatibility with different EAs etc.
cardigan
Feb 03 2021 at 08:09
102 Posts
davidkew posted:
Different brokers offer different trading conditions. It is up to you to decide what you want in your broker. For me, fxview work really well because of their tight spreads and low trading costs.
Can vouch fxview for their spreads. Their commission is quite cheaper - $2/lot RT
deckking
Feb 05 2021 at 10:34
21 Posts
This is a good platform for meeting and interacting with different traders. Good luck to you.
Joz8
Feb 05 2021 at 11:54
104 Posts
deckking posted:
This is a good platform for meeting and interacting with different traders. Good luck to you.
Indeed it is. Since how long are you into trading mate?
Bela_fx
Feb 16 2021 at 08:21
34 Posts
trollssent posted:
There are surely some brokers that specifically offer ECN accounts and the spreads are also pretty low on them.
Seeing one such case with fxview currently. They offer raw ECN account with lowest spreads.
arildbull
Feb 24 2021 at 10:36
23 Posts
You will find a pure ECN broker easily on the internet. Just make sure you go with the right one and are not scammed out there. Try to trade with brokers that are reliable, have a reputation and are regulated. Good luck to you.
Xazvier
Mar 13 2021 at 16:31
39 Posts
I prefer trading with an ECN pricing broker because they offer tighter spreads than regular brokers. I currently trade with FP markets using their Raw ecn account, the spreads began at 0 pips in EURUSD currency pair.
Tremblay
Jul 19 2021 at 11:16
330 Posts
Shelby10 posted:
A broker is the most important element in the trading. If you choose the wrong broker you can lose all your money. So be careful when you are going to choose a broker for you.
Yes. Broker is the most important thing in this market.
Kazile
Jul 20 2021 at 07:13
119 Posts
As for me, which broker you choose, most of yours will depend on your achievements and successes.
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