Hi, am currently trading EU using IC markets trading eur/usd as spread often 0 and my stop losses are <0.5 pips. Therefore finding a low spread (close to 0) and low commission broker is crucial. any recommendations/help on brokers which meet this i helpful. Tickmill seeming most promising. (also can qualify as professional client)
I think fxview might suit your needs because their spreads are quite tight on majors and if I talk about commission,s then their commissions are even lower then tickmill only $1/100k per lot. And if you go for a professional client, then you can also get leverage upto 500X.
I recommend trading with FP Markets, an ASIC and cysec broker that offers lower commission costs than other ecn brokers and the spreads when trading with EURUSD or other major pairs tend to start from 0 pips.
From my trading experience, I suggest FP markets for lower spreads because I use their raw ecn account for scalping, and when I trade with major pairs like EURUSD or GBPUSD, the spreads began at 0.0pips for most parts of the trade.
KenneyyFx posted: When i read 'CySec broker' or 'regulated by CySec' - it gives me the shivers!
It basically means the broker operates in Cyprus so as to take full advantage of CySec's crooked laws that favour brokers and not their clients.
In simple terms it means 'Do NOT trust the broker !!!'
Which regulations do you think are better for traders then? Most of the reputed brokers like fxview, ic, XM, fxtm are registered with CySEC. They are going strong. Or do you have any personal experience as such?