Broker Suggestion

Mar 19, 2013 at 21:36
Vistas 4,535
78 Replies
Miembro desde Mar 18, 2013   posts 2
Mar 19, 2013 at 21:36
Hello fellow traders, I need a suggestion from this vibrant community.
Which broker you suggest for trading under these circumstances:

-starting capital 2000 EUR
-MT4 platform
-Rely mostly on Hedging strategies, automated (EAs)
-need a good levererage, like 1:300 least
-lot precision of 0.01
-Euro citizen
-Regulated

I know its a complicate question due to many factor, but having made a list of potential cadidates I would like to see if they are common,
Thanks,
Sy

Miembro desde Nov 20, 2012   posts 10
Mar 20, 2013 at 09:36
What pairs?
Miembro desde Mar 03, 2013   posts 321
Mar 20, 2013 at 13:12 (editado Mar 20, 2013 at 13:20)
I´m with ActivTrades and they are very good
their support is just great

always good trading Silvia


Geht Nich Gibt´s Nich
Miembro desde Jun 26, 2012   posts 192
Mar 20, 2013 at 13:25
u can search for ur broker with any set of conditions u desire by using this website:
https://www.100forexbrokers.com/
Miembro desde Oct 25, 2012   posts 63
Mar 21, 2013 at 12:03
I would go for MB Trading, oldest broker in the business, regulated and with extremely tight spreads
When you lose, don't lose the Lesson
Miembro desde Mar 18, 2013   posts 2
Mar 21, 2013 at 19:02
bennyblanco4X posted:
What pairs?

Thanks for all your suggestions, pairs are mostly Eur/Jpy, Usd/Jpy and Eur/usd
Miembro desde Mar 01, 2013   posts 2
Mar 22, 2013 at 22:50
Might I suggest ThinkForex? This broker meets all of your criteria, plus they have really low spreads (0.2 on EUR/USD with Pro account), good customer service, and fast execution. They are ASIC regulated.
Miembro desde Nov 20, 2013   posts 7
Jan 17, 2014 at 18:32
Ah, yes, the key conundrum: with whom shall I entrust my trading moolah?

Well, most (surviving) brokers are regulated (if you're a cynic, that won't mean much), but, when it comes to conducting due diligence ('Crikey, do you need an anaesthetic...?'), you're looking at Spread, Trading Platform, Leverage, Support (preferably in-house, where you're communicating with people who are empathetic to your account status), and Execution.

https://www.flickr.com/photos/111134236@N06/11995339146/

Your're also seeking out Reviews by authentic 3rd parties (for example, reviews of my own broker excel markets), here on myfxbook and forexpeacearmy.

At the end of the day, choosing a broker is not rocket science. Now making money from currency trading, that's another story...
I Think, Therefore I'm Guessing
Miembro desde Nov 21, 2011   posts 1718
Jan 17, 2014 at 22:28
I would recommand Pepperstone... but I will open soon a new account with FXOpen (tighter spread)
Miembro desde Dec 27, 2013   posts 42
Jan 19, 2014 at 16:07
i'm with oanda
When the waves are good- Ride them, If they are not, wait for the next set
Miembro desde Jan 12, 2014   posts 1
Jan 19, 2014 at 19:21
Silvia, that is simple: https://tradersway.com/

They have Euro MT4.ECN accounts with very low spread and starting from 10 Euro deposit. High execution, low commission. I use that broker for a while now. Good support, no nonsense, no aggressive marketing. Just trading, no games.
Miembro desde Oct 25, 2012   posts 63
Jan 19, 2014 at 22:05
johncarrus posted:
i'm with oanda

I was with Oanda for a while.
Excellent execution and very consistent spreads
But contemplation regarding 'market maker' status
When you lose, don't lose the Lesson
Miembro desde Dec 27, 2013   posts 42
Jan 20, 2014 at 01:40
sareen posted:
johncarrus posted:
i'm with oanda

I was with Oanda for a while.
Excellent execution and very consistent spreads
But contemplation regarding 'market maker' status

Do you have a list of brokers that would be considered NON-Market makers?
When the waves are good- Ride them, If they are not, wait for the next set
Miembro desde Oct 25, 2012   posts 63
Jan 20, 2014 at 10:13
Armada Markets
FXCM
FX Open
IBFX
Vantage
When you lose, don't lose the Lesson
Miembro desde Jun 03, 2010   posts 696
Jan 21, 2014 at 09:38
In my opinion, from listed above, Armada Markets has best trading conditions.
PAMM MANAGER // Professional Fund Manager
Miembro desde Jan 17, 2014   posts 3
Jan 21, 2014 at 13:52
What do you guys think about IC Markets? I've been demoing with them for a while now, but I've heard some horror stories about slippage in the real servers...
Miembro desde Oct 25, 2012   posts 63
Jan 21, 2014 at 14:05
I have heard of IC but I think a lot of brokers have slippage, sometimes it cannot be avoided as execution always involves a delay. You just need to go for a broker that has a BIG liquid pool, with lots of providers of prices and buying/selling.
No matter which ECN/STP forex broker you go for you will encounter trades with slippages but sometimes it can be positive and negative - sometimes weighing in your favour or against you. It's just a matter of how quickly the market it moving and what kind of trader you are.
When you lose, don't lose the Lesson
Miembro desde Jan 22, 2014   posts 1
Jan 22, 2014 at 22:04
I am with BelforFX and i couldnt make a better choice!
Miembro desde Nov 19, 2014   posts 2
Mar 30, 2015 at 06:29
Hello,

the best thing to do is to look under their skirt, by finding out more about the actual trading costs.
Trading cost is influenced by mainly spread and commissions, but you should also pay attention to swap mark-up and conversion loss. These cost types are less known, however
they can raise your trading cost substantially.

If you want to get a good comparison of broker costs, I'd suggest you to take a look at the TraderProofer (https://tradeproofer.com/), they have a cost comparison engine which takes all
types of costs into consideration, you can even personalize your search accorcing to your trading style.

I hope this one helps for you.
Miembro desde Mar 30, 2015   posts 2
Mar 30, 2015 at 15:01
Paxforex is Better Broker


'I have invested $10,000 and already earned $30,000. I withdrew my money and the transaction was processed without any complication. All of my deposits were processed in about 15 minutes and therefore I was able to trade in within minutes. PaxForex has many exciting promotions and an exquisite customer service. I suggest everybody to open a trading account with them!'

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