Opening a New Real Account: Best Broker to Choose

Traded with pepperstone before I went working in UK,they had a special intro offer,no deposit required,made 3x account value,they rang me,'how did you do that',had to close account FCA rules,you cant trade your own account and work on trading desk,lol.
There charts are fast,good for scalping.

We've ben trading live with Global Prime (Australia) for over 6 months now, and did a fair amount of research prior to
They are a strict ECN platform, payout and service delivery excellent.
They are one of three ECN brokerages we use for our EA's (we're looking at developing a fund, so transparency's imperative).
No B Book.
Just saying........

Being a beginner, FinPro Trading(ECN Broker) will be a good option to start. Check with their conditions and platforms once. They are providing 100% Bonus on Initial deposit and charge $2/100k round turn commission which will reduce your cost of trading.

It has been a while since I opened up an account with Interactive Broker. They seemed good to me. They had always given best of their services. But, I will also count on ECN brokers like Finpro trading, Tallinex and FXCM.

BillB posted:
We've ben trading live with Global Prime (Australia) for over 6 months now, and did a fair amount of research prior to
They are a strict ECN platform, payout and service delivery excellent.
They are one of three ECN brokerages we use for our EA's (we're looking at developing a fund, so transparency's imperative).
No B Book.
Just saying........

So you went to the regulator's page, checked their licence number and verified that they are not allowed to deal on own desk? How do you understand the ECN? 😄

I am asking because I saw on this page - https://www.globalprime.com.au/about/regulation/ in 1 minute spent on their website that they are actually allowed to deal in a financial product. This actually means a b book.

FxMasterGuru posted:
'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.

What does this plugin do exactly?

snapdragon1970 posted:
There is detection software for plug ins and broker dealer server disconnection activity.

Do you mean that the trader can detect if there is a plugin like the one FxMasterGuru mentioned? I agree with you about the trend following. It's a rule of thumb that many often forget.

LLewis posted:

snapdragon1970 posted:
There is detection software for plug ins and broker dealer server disconnection activity.

Yes you are correct, I'm aware of it .

Do you mean that the trader can detect if there is a plugin like the one FxMasterGuru mentioned? I agree with you about the trend following. It's a rule of thumb that many often forget.

you might want to try ITRADER https://itrader.com MT4 platform and regulated by CySEC.

snapdragon1970 posted:
Traded with pepperstone before I went working in UK,they had a special intro offer,no deposit required,made 3x account value,they rang me,'how did you do that',had to close account FCA rules,you cant trade your own account and work on trading desk,lol.

You were trading with the broker whose dealing desk you worked at? 😁

satishsanjit posted:
you might want to try ITRADER https://itrader.com MT4 platform and regulated by CySEC.

Regulated by CySEC to do what exactly? Haven't heard of this broker yet.

Regulated by CySEC to do what exactly? Haven't heard of this broker yet.
it started since 2013, here is the regulation by CySEC you might want to check. https://www.itrader.com/en/page/regulation

DNatural posted:
I use FxGlory

@DNatural
I would not recommend to use it.
It is very similar to RVD markets
And we all know what happen to RVD markets...

A broker can be your friend in your trading career if you choose the best and reliable broker for m the market. So, always try to choose the regulated broker from this market.

A good choice with ECN there. You will find lowest spreads there, pricing is always competitive due to choices by liquidity providers. Fxview and Xm are the 2 that I am using currently, and both offer ecn accounts, in fact fxview offers only pure ECN. Commission cost is low at a dollar for one side, and spreads can get low as 0.0 pips on major pairs. IC Markets is another broker you can look at for low spreads, 0.1 pips average.

Dukascopy Bank (Genève)

amsoc posted:
Dukascopy Bank (Genève)

What leverage do they offer?

Broker selection isn’t easy, you must check on various factors. But don't miss to see the regulation tags with good ecn conditions. Also, no harm in trying multiple options. IC Markets and Fxview been at the top of my list, for best spreads and friendly trading conditions. Rest, go as per your requirements and suitability.