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Choosing TRADING BROKERAGE ACCOUNT

nirav6401
Feb 13 2018 at 06:28
posts 1
Hello Sir/madam,
I'm Right Now Residing in Canada And i would like to trade in Forex Currency Pairs into Forex Market,
And As Well As Into Stock Market As Well.
So could You Please Suggest Me Any Trusted Brokerage Firm Who Can Allow Canadian Residence To Open Up Trading Account And Can Allow To Trade As long As Possible with the minimum commission per trade per lot.
Waiting For Your Message.
Thank You.
SCR Traders (Pikasso)
Feb 13 2018 at 11:17
posts 174
nirav6401 posted:
Hello Sir/madam,
I'm Right Now Residing in Canada And i would like to trade in Forex Currency Pairs into Forex Market,
And As Well As Into Stock Market As Well.
So could You Please Suggest Me Any Trusted Brokerage Firm Who Can Allow Canadian Residence To Open Up Trading Account And Can Allow To Trade As long As Possible with the minimum commission per trade per lot.
Waiting For Your Message.
Thank You.

hi! I can recommend you Darwinex, it's really good broker, but I am not sure if it opens accounts to Canada residents. If you do need help, I'm in.
Trading system developers and strategy providers.
vontogr (togr)
Feb 13 2018 at 12:27
posts 4862
Pikasso posted:
nirav6401 posted:
Hello Sir/madam,
I'm Right Now Residing in Canada And i would like to trade in Forex Currency Pairs into Forex Market,
And As Well As Into Stock Market As Well.
So could You Please Suggest Me Any Trusted Brokerage Firm Who Can Allow Canadian Residence To Open Up Trading Account And Can Allow To Trade As long As Possible with the minimum commission per trade per lot.
Waiting For Your Message.
Thank You.

hi! I can recommend you Darwinex, it's really good broker, but I am not sure if it opens accounts to Canada residents. If you do need help, I'm in.
Darwinex trading costs are high. You can do much better with well known brokers like IcMarkets.
SCR Traders (Pikasso)
Feb 14 2018 at 07:58
posts 174
togr posted:
Pikasso posted:
nirav6401 posted:
Hello Sir/madam,
I'm Right Now Residing in Canada And i would like to trade in Forex Currency Pairs into Forex Market,
And As Well As Into Stock Market As Well.
So could You Please Suggest Me Any Trusted Brokerage Firm Who Can Allow Canadian Residence To Open Up Trading Account And Can Allow To Trade As long As Possible with the minimum commission per trade per lot.
Waiting For Your Message.
Thank You.

hi! I can recommend you Darwinex, it's really good broker, but I am not sure if it opens accounts to Canada residents. If you do need help, I'm in.
Darwinex trading costs are high. You can do much better with well known brokers like IcMarkets.

There are a lot of negative feedbacks about icmarkets in the web.
Trading system developers and strategy providers.
AniLorak
Apr 18 2018 at 06:35
posts 920
Pikasso posted:
togr posted:
Pikasso posted:
nirav6401 posted:
Hello Sir/madam,
I'm Right Now Residing in Canada And i would like to trade in Forex Currency Pairs into Forex Market,
And As Well As Into Stock Market As Well.
So could You Please Suggest Me Any Trusted Brokerage Firm Who Can Allow Canadian Residence To Open Up Trading Account And Can Allow To Trade As long As Possible with the minimum commission per trade per lot.
Waiting For Your Message.
Thank You.

hi! I can recommend you Darwinex, it's really good broker, but I am not sure if it opens accounts to Canada residents. If you do need help, I'm in.
Darwinex trading costs are high. You can do much better with well known brokers like IcMarkets.

There are a lot of negative feedbacks about icmarkets in the web.

It’s true; I have also seen so many negative reviews about this broker.
tabele
Apr 20 2018 at 17:30
posts 11
My favorite broker is Circle Markets. It was better than ICMarkets in my real copy trade tests. All trades go directly to liquidity provider, no internal match like others do. Unfortunately I cannot use it for auto trade.
tabele
Apr 20 2018 at 17:30
posts 11
I still seeking broker for autotrade, ICMarkets has average slippage 3 pips to source.
Nasrul
nasrul_poyo
Apr 21 2018 at 12:12
posts 124
For me, if you have so much money to start with, just invest to several brokers and not only choose 1 broker. I prefer to choose broker with regulated from FCA.
Tiffany (TiffanyK)
Apr 25 2018 at 14:33
posts 427
tabele posted:
My favorite broker is Circle Markets. It was better than ICMarkets in my real copy trade tests. All trades go directly to liquidity provider, no internal match like others do. Unfortunately I cannot use it for auto trade.
How do you know that the trade go directly to the liquidity provider, does this broker has any means to prove that ? And why couldn't you auto trade with them ?
Accept the loss as experience
vontogr (togr)
Apr 25 2018 at 14:35
posts 4862
TiffanyK posted:
tabele posted:
My favorite broker is Circle Markets. It was better than ICMarkets in my real copy trade tests. All trades go directly to liquidity provider, no internal match like others do. Unfortunately I cannot use it for auto trade.
How do you know that the trade go directly to the liquidity provider, does this broker has any means to prove that ? And why couldn't you auto trade with them ?

Exactly :)
tabele
Apr 26 2018 at 06:37
posts 11
TiffanyK posted:
tabele posted:
My favorite broker is Circle Markets. It was better than ICMarkets in my real copy trade tests. All trades go directly to liquidity provider, no internal match like others do. Unfortunately I cannot use it for auto trade.
How do you know that the trade go directly to the liquidity provider, does this broker has any means to prove that ? And why couldn't you auto trade with them ?

I complained against them as their execution time were higher than of the other brokers I compared.
But anyway I got much better execution (smaller slippage to source). I investigated with them as I wanted to have explanation.
If the order goes direct to the liquidity provider then you must have minimum execution time of 180ms because of the mt4 bridge.
Broker which have faster execution time are matching orders internally. That doesn't mean that you get a worse execution, but mostly there is an interest to match the orders internally, because that means no costs for the broker. So mostly they have a treshold before they match the orders with the liquidity provider.
AmDiab
Apr 26 2018 at 06:45
posts 718
TiffanyK posted:
tabele posted:
My favorite broker is Circle Markets. It was better than ICMarkets in my real copy trade tests. All trades go directly to liquidity provider, no internal match like others do. Unfortunately I cannot use it for auto trade.
How do you know that the trade go directly to the liquidity provider, does this broker has any means to prove that ? And why couldn't you auto trade with them ?

Same questions! I think, it’s quite impossible for the general traders.
OnTheEdge
Apr 26 2018 at 07:04
posts 44
Tiffany (TiffanyK)
May 03 2018 at 09:04
posts 427
AmDiab posted:
Same questions! I think, it’s quite impossible for the general traders.
It all depends whether or not you choose a market making broker or an intermediary model broker who is sending the orders directly to the market. If you choose an agency broker, why won't they be able to provide you with info for the order's execution
Accept the loss as experience
Tiffany (TiffanyK)
May 03 2018 at 09:11
posts 427
tabele posted:

I complained against them as their execution time were higher than of the other brokers I compared.
But anyway I got much better execution (smaller slippage to source). I investigated with them as I wanted to have explanation.
If the order goes direct to the liquidity provider then you must have minimum execution time of 180ms because of the mt4 bridge.
Broker which have faster execution time are matching orders internally. That doesn't mean that you get a worse execution, but mostly there is an interest to match the orders internally, because that means no costs for the broker. So mostly they have a treshold before they match the orders with the liquidity provider.
Thank you for the detailed answer. So your broker gives you the possibility to choose the orders to be matched internally OR directly to the liquidity providers? Quite interesting hybrid broker... :)
Accept the loss as experience
Tiffany (TiffanyK)
May 03 2018 at 09:14
posts 427
OnTheEdge posted:
Oanda
As far I see in their website they are non Marker Maker? Or am I mistaken ? Thanks in advance for sharing your experience with them.
Accept the loss as experience
vontogr (togr)
May 03 2018 at 11:15
posts 4862
Oanda is expensive to trade
tabele
May 04 2018 at 05:48
posts 11
TiffanyK posted:

Thank you for the detailed answer. So your broker gives you the possibility to choose the orders to be matched internally OR directly to the liquidity providers? Quite interesting hybrid broker... :)
All that happens in the A-book. Hybrid brokers means they have an additional B-book for the majority which normally loose. Mean once your order is in the B-book they just trade against you no match needed as they just trade against you as they know mostly the trader will lose so the trader's loss is the broker's win.
vontogr (togr)
May 04 2018 at 12:18
posts 4862
tabele posted:
TiffanyK posted:

Thank you for the detailed answer. So your broker gives you the possibility to choose the orders to be matched internally OR directly to the liquidity providers? Quite interesting hybrid broker... :)
All that happens in the A-book. Hybrid brokers means they have an additional B-book for the majority which normally loose. Mean once your order is in the B-book they just trade against you no match needed as they just trade against you as they know mostly the trader will lose so the trader's loss is the broker's win.

B-book trades most importantly are not sent to market. So if you are loosing they make profit. If you make profit they have to pay that from own pocket.
maria_taylor
Jun 08 2018 at 12:25
posts 40
nasrul_poyo posted:
For me, if you have so much money to start with, just invest to several brokers and not only choose 1 broker. I prefer to choose broker with regulated from FCA.
I don't understand why we should trade with multiple brokers. Can you please explain why one broker is not enough to trade with?
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