I have been in forex for a couple of years now and thusfar I have had accounts with Tickmill, Roboforex , XM , and some other brokers but these three are the ones I traded with for a longer time and live and not demo .. Recently roboforex won't allow skrill anymore to deposit or withdraw , and as a EU Resident XM flatout wont let me open an account with leverage higher then 30 anymore which is impossible for the EA i run
So since the ESMA ruling i'm looking for a reliable broker that still gives me a good leverage ,and the possibility to use cent accounts .. ( The EA i am using needs to be run on a big balance account .. in that aspect a cent account is really a must for me) I'm also not too keen on all those obscure E-wallets like : webmoney, perfect money, advcash, astropay .. the list is endless
I have nothing to complain about Tickmill, accept that they never offered cent accounts .. otherwise they would be my first pick . I never had any issues withdrawing money there ..
last time i checked they didnt have cent accounts .. but apart from that very reputable and a myriad of deposit/withdraw options ... i would definately go there a mate of mine has accounts there as well and is quite positive about them ... perhaps when we are capable of rewriting the EA ICmarkets might be a good option ..
It is difficult for me to give any specific recommendations, but I think you will need to check your broker's license anyway, because there are quite strict restrictions in the EU and you should be more careful.
The main thing is not to look for a company by the size of the leverage, I would recommend to adhere to more standard rules. As for companies, I recently saw a review on hycm or something like that, there is a European regulation...
When I was onto the work of choosing a good broker for me, it took me a lot of time to analyze everything and to make the right choice. After a lot of research, I found XTB, Turnkey Forex and Pepperstone to be the efficient brokers with proper leverage. These brokers helped me to analyze the market trend and to step up with a move that is safe and does not put me in too much of risk. And proper leverage, I was always confident about my move. The experts at Turnkey Forex and Pepperstone even made me understand the pattern of predicting the market through which I would be always prepared for what’s coming next.
I had a micro account with XM and you are right it is the same as a cent account ..
but XM no longer provides the leverage my EA needs at least not for me as a belgian resident fxpro doesnt provide leverage over 30 either
I looked at tickmill as well as IC markets but i cant see them offering a cent or micro account on their website I will look into hotforex .. they apparantly provide cent accounts as well as skrill as a deposit option .. did some comparisons via other websites .. fxtm might be an option as well as alpari and instaforex ...
Yeah, well, finding something worthwhile right now isn't easy. Because despite the fact that in the Internet you can find exposures of all fraudulent transactions among brokerage companies, there are still many companies in the market that are not worthy of trust at all. Be careful and good luck finding a broker.
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