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Opening a New Real Account: Best Broker to Choose

MarioSimonetti1
Dec 04 2015 at 16:05
1 inlägg
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!😁

Daniel Diaz (DNatural)
Dec 05 2015 at 17:57
10 inlägg
kieran (snapdragon1970)
Dec 06 2015 at 17:12
1945 inlägg
Two I use IG and plus500,no major problems yet,all have plus and minus attributes.

"They mistook leverage with genius".
Paul (ea_pex)
Dec 07 2015 at 13:37
35 inlägg
I prefer darwinex.

- Low spreads & commission
- FCA-Regulation
- Nice support



CROforce
Dec 08 2015 at 07:17
15 inlägg
How about Oanda? I was using them before on my real account and no issues

Success is not final, failure is not fatal: it is the courage to continue that counts
kieran (snapdragon1970)
Dec 08 2015 at 10:37
1945 inlägg
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".
Daniel Diaz (DNatural)
Dec 09 2015 at 08:50
10 inlägg
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?

Daniel Diaz (DNatural)
Dec 09 2015 at 08:51
10 inlägg
Also one that won't crash during important news times

Paul (ea_pex)
Dec 09 2015 at 12:02
35 inlägg
FxMasterGuru (FxMasterGuru)
Dec 09 2015 at 12:58
1608 inlägg
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.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
luthfi_maung
Dec 09 2015 at 13:45
11 inlägg
How about HiWayFX, you may test their order execution time there...

kieran (snapdragon1970)
Dec 09 2015 at 20:05
1945 inlägg
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".
Daniel Diaz (DNatural)
Dec 10 2015 at 07:55
10 inlägg
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?

Daniel Diaz (DNatural)
Dec 10 2015 at 07:57
10 inlägg
ea_pex posted:
@DNatural
try darwinex :)


Did my research on them and I can definitely say I will be trying them out, thanks a lot! :D hope my worries go away soon and I can start trusting a broker again

FxMasterGuru (FxMasterGuru)
Dec 10 2015 at 08:00
1608 inlägg
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)
adnanqamar
Dec 18 2015 at 09:36
2 inlägg
before joined trading account you find out details about broker terms and condition.mostly we don't rea..d

davidtatton
Dec 20 2015 at 08:34
3 inlägg
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)

kieran (snapdragon1970)
Dec 20 2015 at 16:27
1945 inlägg
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".
FxMasterGuru (FxMasterGuru)
Dec 21 2015 at 03:41
1608 inlägg
@snapdragon1970

Well said. Thank you for the clarification and the additional information!

Bilagor:


Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
stian
Dec 21 2015 at 07:46
325 inlägg
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.

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