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Opening a New Real Account: Best Broker to Choose
Miembro desde Nov 18, 2015
posts 1
Dec 04, 2015 at 16:05
Hello to everyone!
I am new to myfxbook and it's been a while since I started to trade with demo accounts several months ago.
I was wondering if you could suggest me a broker available on myfxbook website in order to open a real account with low costs of maintenance.
Any ideas of an ECN one?
Thank you in advance!😁
I am new to myfxbook and it's been a while since I started to trade with demo accounts several months ago.
I was wondering if you could suggest me a broker available on myfxbook website in order to open a real account with low costs of maintenance.
Any ideas of an ECN one?
Thank you in advance!😁
Miembro desde Sep 12, 2015
posts 1933
Dec 06, 2015 at 17:12
Two I use IG and plus500,no major problems yet,all have plus and minus attributes.
"They mistook leverage with genius".
Miembro desde Sep 12, 2015
posts 1933
Dec 08, 2015 at 10:37
Im sure everyone here has experienced spread widening just when your about to put on a good trade or your stop loss minimum increased,I was looking at a useful tool called 4xsentinel,might be of some use .
"They mistook leverage with genius".
Dec 09, 2015 at 08:50
To be honest it's hard to find the right broker because of payout I know I said FxGlory but that was because my friend "was" using them till I did a little research told him about it and he ended up getting the same negative results after he wanted to withdrawal some money. Now what broker is a good company that keeps there spreads tight and nice, no connection issues, won't mess with your orders and will let you open an account at low-cost and won't scam you out your profits or disable your account when trying to pull money out?
Miembro desde May 04, 2012
posts 1534
Dec 09, 2015 at 12:58
There is no such thing as "good broker". Sooner or later it becomes clear that one may find only the LEAST BAD broker.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Miembro desde Oct 28, 2015
posts 11
Dec 09, 2015 at 13:45
How about HiWayFX, you may test their order execution time there...
Miembro desde Sep 12, 2015
posts 1933
Dec 09, 2015 at 20:05
FxMasterGuru posted:
There is no such thing as "good broker". Sooner or later it becomes clear that one may find only the LEAST BAD broker.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
Yes if you want to make money you have to play with the devil...
"They mistook leverage with genius".
Dec 10, 2015 at 07:55
FxMasterGuru posted:
There is no such thing as "good broker". Sooner or later it becomes clear that one may find only the LEAST BAD broker.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
I was speaking with traders advantage today over the phone. do you know of them, if so what's your opinion?
Miembro desde May 04, 2012
posts 1534
Dec 10, 2015 at 08:00
(editado Dec 10, 2015 at 08:07)
DNatural posted:FxMasterGuru posted:
There is no such thing as "good broker". Sooner or later it becomes clear that one may find only the LEAST BAD broker.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
I was speaking with traders advantage today over the phone. do you know of them, if so what's your opinion?
Sorry, I don't know them.
What I know is that ANY broker offering higher than 50:1 leverage to you will "B-book" you. There is nothing wrong with "B-booking" until "B-booking" is supplemented by multiple "virtual dealer plug-in" parasite software to eat up your account alive...
Since most brokers "B-book" most of their retail clients, their only way NOT TO LOSE against profitable clients on high leverage is to unleash their army of "virtual dealer plug-ins" on their accounts.
P. S. The above is not an "urban legend". I know it first-hand from owners of brokerages.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Miembro desde Dec 17, 2015
posts 2
Dec 18, 2015 at 09:36
before joined trading account you find out details about broker terms and condition.mostly we don't rea..d
Miembro desde Nov 24, 2015
posts 3
Dec 20, 2015 at 08:34
i have used Oanda (Live & Practice Accounts) on their platform and MT4 platform so far no problems, prompt payout when requested. Just using an EA I designed my self gives me small profit every trade, soon builds up and takes my irrational decision making away. Using leverage of 20:1 so can ride out my bad trades until market turns. Platform has gone off line during some major news breaks but so far I have been lucky when back on line. The EA's I designed definitely save the day using spread betting option as is currently tax free in the UK. Hope this helps.
I have not tried their Hedging option so I cannot comment on that.
EA=Expert Adviser (MT4 Platform)
I have not tried their Hedging option so I cannot comment on that.
EA=Expert Adviser (MT4 Platform)
Miembro desde Sep 12, 2015
posts 1933
Dec 20, 2015 at 16:27
FxMasterGuru posted:DNatural posted:FxMasterGuru posted:
There is no such thing as "good broker". Sooner or later it becomes clear that one may find only the LEAST BAD broker.
If one has a good strategy, it is better to use it on the centralized and highly regulated currency futures markets.
I was speaking with traders advantage today over the phone. do you know of them, if so what's your opinion?
Sorry, I don't know them.
What I know is that ANY broker offering higher than 50:1 leverage to you will "B-book" you. There is nothing wrong with "B-booking" until "B-booking" is supplemented by multiple "virtual dealer plug-in" parasite software to eat up your account alive...
Since most brokers "B-book" most of their retail clients, their only way NOT TO LOSE against profitable clients on high leverage is to unleash their army of "virtual dealer plug-ins" on their accounts.
P. S. The above is not an "urban legend". I know it first-hand from owners of brokerages.
The only way to beat these plug ins is to trend trade,so they cant stretch the spread enough to knock you out,if you can trade something that isn't in focus, you only go into book B if your a crap trader otherwise your hedged out if your a swinging dick.There is detection software for plug ins and broker dealer server disconnection activity.
"They mistook leverage with genius".
Miembro desde May 04, 2012
posts 1534
Dec 21, 2015 at 03:41
@snapdragon1970
Well said. Thank you for the clarification and the additional information!
Well said. Thank you for the clarification and the additional information!
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Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Dec 21, 2015 at 07:46
Been quite happy with Pepperstone. The spread does not widen much for news or weekend. At closing this weekend its at 0.5 pip for EURUSD, 0.6 for USDJPY. With most brokers I see spreads going to 3-4 pips+. With Oanda its at 10 pip.
Fxopen is good too. It widens more than Pepperstone in the weekends. And have worse spreads for minor pairs. But you save plenty on the commission.
Fxopen is good too. It widens more than Pepperstone in the weekends. And have worse spreads for minor pairs. But you save plenty on the commission.
