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ECN with and without commissions.

Mathewshayden
Jan 29 2021 at 11:05
41 príspevkov
ele020 posted:
Mathewshayden posted:
ele020 posted:
Mathewshayden posted:
What’s this all about ECN with and without commissions? My need is about getting the lowest spreads such as Alpari. Any similar options?

You need to look for a broker offering pure ECN spreads and competitive commission structure. You may find a couple of brokers offering such a structure but make sure to finalize the regulated one.

Yes, I’m too insecure to use an unregulated broker.

Everyone should believe the same. it kinda bothers me a lot to see new traders running after unregulated brokers in a greed of higher leverage. God bless them with healthy accounts,..... 😞

Yea and then to shift the blame to the agency or the company in question, when they clearly didn’t care about safety in the first place.

Mathewshayden
Jan 29 2021 at 11:10
41 príspevkov
Kees_Lars posted:
Mathewshayden posted:
Yes, I’m too insecure to use an unregulated broker.

Ofcourse and who won't be?

There are many who don’t actually care about regulations, and that’s why unregulated broker firms exist.

robindude
Jan 29 2021 at 11:38
103 príspevkov
Mathewshayden posted:
There are many who don’t actually care about regulations, and that’s why unregulated broker firms exist.

Very good but they will complain the moment their funds are being stolen

Faujinn
Jan 29 2021 at 14:14
57 príspevkov
I completely agree with you, this result is really possible.

Vanza Dorbey (vanzadorbey)
Jan 29 2021 at 21:15
31 príspevkov
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

Harshalgibbs
Feb 01 2021 at 04:13
54 príspevkov
It is not that difficult to find an ECN broker that offers low spreads. Just make sure the broker has 0.1 to 3 pips and the spreads are flexible. I use XM and Fxview and I really like the spreads. The ECN account has a deep liquidity pool and competitive spreads.Even the leverage is high. Works very well for me so I stick to these.

williamhayes
Feb 01 2021 at 06:28
39 príspevkov
jimmyneeesham posted:
I don’t really have recommendations but all I can say is that no one should ever compromise on trading conditions or pay higher than what’s needed.

I agree with you. There is no point of paying such high commissions for the sake of low spreads. There are so many options available where the spreads are low with a lower commission so it is better to go for that instead.

Mathewshayden
Feb 01 2021 at 11:35
41 príspevkov
robindude posted:
Mathewshayden posted:
There are many who don’t actually care about regulations, and that’s why unregulated broker firms exist.

Very good but they will complain the moment their funds are being stolen

Yea, that’s what I just said. People just want a reason to place blame on, never look at things they overlooked or deemed unimportant.

Davidtaylorr
Feb 02 2021 at 08:16
31 príspevkov
Adamgylicrist posted:
How frequently do you trade, if I may ask? If you trade a lot then it is good that you go for an ECN account but if you are a beginner and don’t have much idea about it, you should try to learn a few things and then get started. It is not at all easy to trade using high leverage and a broker that provides you with lower spreads should do the work. I have tried the demo account of Alpari but when I shifted to live accounts I used other brokers. You can look into Pepperstone, LCG and IG too.

Certainly beginners should not jump into this right away. Proper education is very important if one has to trade forex. Most new traders fail because they jump right into trading live and end up losing everything.

Davidtaylorr
Feb 02 2021 at 08:22
31 príspevkov
Mathewshayden posted:
Davidtaylorr posted:
Pepperstone spreads are good. ICM too.

Does pepperstone offer raw ecn?

Yes it’s a pure ECN broker.

Coreyarren
Feb 03 2021 at 04:47
28 príspevkov
Harshalgibbs posted:
It is not that difficult to find an ECN broker that offers low spreads. Just make sure the broker has 0.1 to 3 pips and the spreads are flexible. I use XM and Fxview and I really like the spreads. The ECN account has a deep liquidity pool and competitive spreads.Even the leverage is high. Works very well for me so I stick to these.

I have used these brokers too. I think there are some things that you cannot avoid at any cost when you’re trading with a broker like the transaction cost, leverage, services, conditions etc. I’m not complaining but I haven’t had a good experience with a whole lot of brokers. I was scammed in the beginning and then there was some transaction issue with a few others. Fxview has really tight spreads and the competitive trading environment keeps me motivated. XM, Etoro and Forex.com go well for micro accounts.

Ericdier752
Feb 04 2021 at 06:17
59 príspevkov
I just started trading live and I have such similar questions. As of now I’m confused about whether it is important to trade with a domestic broker or offshore regulated brokers are good too? Any suggestion will do.

williamhayes
Feb 04 2021 at 07:51
39 príspevkov
Ericdier752 posted:
I just started trading live and I have such similar questions. As of now I’m confused about whether it is important to trade with a domestic broker or offshore regulated brokers are good too? Any suggestion will do.

Be it STP or any account type, just go with brokers that are trustworthy and look after your trading needs. At first I fell for a fixed spread broker that was charging high commissions. That caused quite an imbalance to my money management and the profits were also bad. I started reading and then realised it is better to look for a variable spread broker. I switched right after.

Garrychris554
Feb 05 2021 at 04:59
27 príspevkov
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.

Davidtaylorr
Feb 05 2021 at 10:47
31 príspevkov
I have an ECN account too. The ECN brokers usually have low or tight spreads because it increases the possibility of making more profits and that ultimately benefits the traders. So there is no point in paying a broker more. If the spreads are low and transaction cost is minimal, I say go for it.

Chrismorris657
Feb 06 2021 at 05:57
17 príspevkov
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment

Availability of compensation

Safety from getting scammed

Timely risk warning by the broker

Margin calls

Transparent trading operations

Ericdier752
Feb 06 2021 at 06:21
59 príspevkov
Chrismorris657 posted:
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment

Availability of compensation

Safety from getting scammed

Timely risk warning by the broker

Margin calls

Transparent trading operations

Wow that is some good insight. Thanks.

Ericdier752
Feb 06 2021 at 06:22
59 príspevkov
Garrychris554 posted:
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.

I tried doing that but couldn’t figure it out like that. I think working on demos is a better way. There is no possibility of losing and the worst case scenario is blowing up an account which I think is a part of the learning process. I have little experience with trading but I keep trying so...

Adamgylicrist
Feb 06 2021 at 11:54
38 príspevkov
Chrismorris657 posted:
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment

Availability of compensation

Safety from getting scammed

Timely risk warning by the broker

Margin calls

Transparent trading operations

Why would you recommend plus500?

Harshalgibbs
Feb 08 2021 at 04:03
54 príspevkov
Ericdier752 posted:
Garrychris554 posted:
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.

I tried doing that but couldn’t figure it out like that. I think working on demos is a better way. There is no possibility of losing and the worst case scenario is blowing up an account which I think is a part of the learning process. I have little experience with trading but I keep trying so...

I agree that demo trading is a good way of testing your skills without having to worry about blowing your account. You can apply different strategies on your demo account and find out whether they are worth applying on your live account or not.

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