ECN with and without commissions.

Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

williamhayes posted:
Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

How much leverage do you suggest trading with? How much do you use?

Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

XM is a good choice is my opinion too.

At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200

Brokers offering these accounts are either STP or ECN account brokers. More often ECN because the liquidity is high. And they can afford to give 0 spreads.

I mainly trade with broker Amarkets using an ECN account and it has the fastest order execution speed

Jude_craig posted:

williamhayes posted:
Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

How much leverage do you suggest trading with? How much do you use?

I use different leverage with different brokers FXTM, FP Markets. As to how much anyone should use: I would say that should depend on how much experience you hold (for right predictions) and how much you are willing to risk. Starting with no more than 5:1 seems right, which eventually must be increased.

1:5 is so low. How can you make any money with that. You must have a huge account. My account is only $1000 and with 1:5 I would have to use 0.01Lot

BringmeFish posted:
1:5 is so low. How can you make any money with that. You must have a huge account. My account is only $1000 and with 1:5 I would have to use 0.01Lot

You're talking about the leverage right?

78678676 posted:

BringmeFish posted:
1:5 is so low. How can you make any money with that. You must have a huge account. My account is only $1000 and with 1:5 I would have to use 0.01Lot

You're talking about the leverage right?

Seems like he is talking about leverage.

BringmeFish posted:
1:5 is so low. How can you make any money with that. You must have a huge account. My account is only $1000 and with 1:5 I would have to use 0.01Lot

I suggest low leverage for only beginners, once traders get a hang of things, they can start taking bigger risks.

I completely agree with you, this result is really possible.

Aurisida posted:
At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200

it seems to me very advertisement smelling comments...who the heck is Amarkets hahahah

IC Markets and Tickmill is the best ECN broker start from 0 pip in many pair and the best trading condition with stop level 0, not many broker have stop level 0

There are options like Pepperstone, Swissquote, XM, Xtb, Forex.com, Fxview. I have used them all so I know how it must be. You can always begin with a demo account in my opinion and experience a platform. This will give you a fair idea of what the services and conditions of a platform are.

marnuslabushane posted:
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?

Try not to be so scared of a broker so much. They are essentially for a trader and just simply go with low commission and reliable trading platforms. Like I have always used brokers that don’t charge so high and the services are really good as well. Since it worked out fine for me, I am okay with it. I’ve used IB and Fxview mostly. Both are different kinds of brokers in a way, but when it comes to my particular trading needs, they work just fine.

Y’all can take him off my back anytime you want lol he knows trading but that boy is uptight!

Indeed, there are very rare cases when the spread rises very sharply, so I don't need to worry about this.