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Newbie requesting for advice.
Mitglied seit Jan 05, 2016
1097 Posts
Jun 21, 2017 at 05:44
LouAtWork posted:
Hi all,
virgin post.
would like to know if there are any safe brokers for me to trade with?
i am situated in the sunny island of singapore.
appreciate the help.
thanks.
I will send you a private message.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Jun 28, 2017
4 Posts
Jun 28, 2017 at 10:00
Hi Louis,
I'm with VantageFX. We are regulated by both the ASIC in Australia and FCA in the UK. Would you like more details?
I'm with VantageFX. We are regulated by both the ASIC in Australia and FCA in the UK. Would you like more details?
Make Money
Mitglied seit Jun 02, 2017
13 Posts
Jun 30, 2017 at 12:12
Hi everyone..... I'm trading Forex only - major pairs. I am a newbie and I can't really understand how exactly the news are effecting the market price. Is it enough to concentrate on the technical analysis?
Jun 30, 2017 at 12:14
there are no safe brokers but I can tell you that oanda has had any problems with US regs unlike forex.com and FXCM (lol). traders way isn't regulated however they have cTrader available but they do charge shit to of fees now with oanda you can trade below micro lots if you want to test you strategy with like 50$ in your account just my 2 cents
Mitglied seit Jan 05, 2016
1097 Posts
Jul 02, 2017 at 06:36
icepower72 posted:
Hi everyone..... I'm trading Forex only - major pairs. I am a newbie and I can't really understand how exactly the news are effecting the market price. Is it enough to concentrate on the technical analysis?
In my opinion, to be a truly great trader you need to understand both technical and fundamental analysis.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Jan 05, 2016
1097 Posts
Jul 02, 2017 at 06:37
rainfall posted:
there are no safe brokers but I can tell you that oanda has had any problems with US regs unlike forex.com and FXCM (lol). traders way isn't regulated however they have cTrader available but they do charge shit to of fees now with oanda you can trade below micro lots if you want to test you strategy with like 50$ in your account just my 2 cents
Oanda has two options for traders in their pricing.
One with with commission and a slightly lower spread, or you can opt out of commissions and get pure spread only.
Both are extremely reasonable. The typical spread on Oanda without the commission is around 2 PIPS on EURUSD, with the commission it's about 1 PIP.
I have accounts at both Oanda and Traders Way, and I've never had a problem with either of them. I do like oanda though, because on smaller accounts you can trade smaller than 0.01 lot sizes on their standard forex accounts.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Jun 28, 2017
4 Posts
Jul 03, 2017 at 06:18
VantageFX has no Commsion...
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Jul 03, 2017 at 14:45
OANDA is a good broker from what I've heard and read. I've seen very very few bad reviews - everything else is positive. I've never tried to trade with them, but got curious now... and it sounds "safe" enough :D
Accept the loss as experience
forex_trader_29148
Mitglied seit Feb 11, 2011
1768 Posts
Jul 04, 2017 at 06:27
PeteVantageFXCN posted:no commission! they must live from fresh water and love
VantageFX has no Commsion...
Mitglied seit Jun 28, 2017
4 Posts
Jul 04, 2017 at 06:51
Just the spreads which are extremely low actually mate.
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Mitglied seit Jun 28, 2017
4 Posts
Jul 05, 2017 at 11:09
TiffanyK posted:
OANDA is a good broker from what I've heard and read. I've seen very very few bad reviews - everything else is positive. I've never tried to trade with them, but got curious now... and it sounds "safe" enough :D
You havent been on there Facebook Page recently? The reviews arent great at all!
Make Money
Mitglied seit Dec 11, 2015
1462 Posts
Jul 10, 2017 at 13:06
My recommendation is that whatever broker you pick because someone recommended them to you, always check for yourself whether there have been any warnings or fines against them. (https://www.forexbrokerz.com/news/tags/warning). Do your own research and if you’re satisfied with the results and the terms and conditions of said broker sign up with them.
