broker recommendation
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thread: broker recommendation

  1. #1
    Junior Member Jpm742's Avatar

    broker recommendation

    Hello people...I'm looking for a reliable broker with subsequent credentials. . .low spreads, may manage Limited Partnership account, no dealing desk, does not requote, does not hunt stops and uses MT4 platform. .

  2. #2
    Junior Member Foksekaaa's Avatar
    Hi folks...I am looking for a reliable broker with following credentials. . .low spreads, can handle Limited Partnership account, no dealing desk, does not requote, does not hunt stops and uses MT4 platform. .

    Will be easyear that you discover the holly grail.

  3. #3
    Junior Member Poterc's Avatar
    Up to now so good, I like Activtrades finest....They hav amazing features like micro-lot, micro-mini lot in 1 account and they are very trustworthy. They're enrolled in a really reliable state...

  4. #4
    Junior Member pilibergado's Avatar
    This question is asked more then I can think of. It takes you time to discover a good broker. What I might like you will dislike. Additionally, you need to spend time with the brokers you think you would like. Watch how they answer your questions as you are on their presentation.

    Try them out as if you would a trading system. Read all you can about them and google their names to discover and read just as much things about them as you can. Most have negatives, its exactly how awful the negatives are and which ones you can and can not deal with.

    For me personally, I am still on a demo but I will wait to exchange live just to loe the broker I want and I have been studying for a little over a year today. Don't trust the preferred brokers record with this forum, when they have a broker such as FXCM listed who's been in all kinds of trouble, I think their listing has to do with money then any ethical standings.

  5. #5
    Junior Member Sanchwz1962's Avatar
    So far so good, I enjoy Activtrades finest....They hav wonderful features like micro-lot, micro-mini lot in one account and they are extremely trustworthy. They are registered in a really trustworthy state....
    Trading live account because 4 month currently there: speedy implementation, no machine down time, good support stuff.

  6. #6
    will probably be easier for you to discover the holy grail.
    One of the funnier - and - accurate - statements I have seen here at FF!


  7. #7
    Junior Member javiersd12's Avatar
    I have a live account.

    Invalid prices, invalid prices, invalid prices, requote and requote.

    Oh 4 FX sake!

  8. #8
    I have been on the lookout for a fantastic broker since I get into Forex six month past. I don#8217;t care about platforms, off course it must be steady, however I#8217;m worried about their spread or the accounts they offer -my money should be safe. It#8217;s very complied to opt for a fantastic broker. Should I don#8217;t enjoy taking risks I'd choose a micro account isn#8217;t it? However, should I#8217;m sure about my trading style that I can utilize my margin to command more income. However, am I overlooking something? It#8217;s very confused with micro lots and routine accounts, platforms, pips pricing, currency tools and other business services. In the conclusion of the afternoon, I don#8217;t actually find the gap between two brokers. I mean, the distinction is that the primary propose for every single broker on the market and this objective has made even more difficult to pick the right broker.

    I have heard about FXCM and Oanda are excellent using micro accounts. AC Markets is very popular everywhere but I have heard their spread is very high and I think their attention in professional and experienced traders willing to open a large account. There are a few brokers like Tradeview Forex, E-Toro or Alpari which are more for people like me somebody who's launching an account for the first time. I have downloaded E-Toro demo account and it#8217;s a lot different than the normal MT4. What platform is that? What's that better than Tradeview or Alpari#8217;s platforms? I think it#8217;s too overcrowded with pretty matters but it#8217;s very useful and eduional for this point when you are in the dark.

    I know the list is lengthy and it'd be dumb to check every broker on the market but for the position of a beginner there is not any other choice except to check as far brokers as we could before putting our cash under any risk. However, regardless of the amount of information, more study is necessary in this issue. What are the problems to and what to avoid? This type of question hasn#8217;t been fully answered. These are just a couple of things that a novice should know and there is not much details about it.


  9. #9

  10. #10
    Nowadays just about every Currency Market broker is claiming to have the tightest spreads in the business. But marketing does possess the capability to be illusory. The subject of spreads in the Currency Market spot market is extremely complex and often hard to understand. But nothing affects our trading profitability more. In that order, loing a broker using a very low spread policy could lead to a major payoff.

    But Traders like me looking for our very first broker or those switching to another one, must understand the spread is the way brokers make their money. The spreads will change depending on the sorts of accounts. A mini account may have higher spreads than a complete contract account. Spreads are tighter when there's very good market liquidity but widen as liquidity dries up. Some Currency Market brokers provide various spreads for various customers. If you've got larger accounts or make larger trades, you may receive tighter spreads.

    All that said, in order to offer you tight spreads like some brokers are advertising everywhere; they need to control expenses like support services. The tighter the spread the broker provides, the better it is for you. If a broker is offering a spread as low as 1 pip, be careful. Because the majority of the brokers don't charge a commission, it#8217;s the spread what they use to produce their money. In a 1 pip spread, there's very little scope for them to make profit. Also, Tight spreads are not good buy itself, it needs to be coupled with equally important factors like speed of execution in orders and also the value of the order which can genuinely allow you to make the most of the benefits.

    Quality of execution determines whether you actually receive little spreads out of the Currency Market broker. By way of example, the screen indies a tight disperse, but your trade is stuffed a few pips into your disadvantage or will be mysteriously get reversed -- it shows your broker is showing tight spreads but is efficiently bringing wider spreads. It means your broker is showing tight spreads but in effect delivering wider spreads. Be aware of such rejected trades, and postponed implementation, which are egies to deceive the traders.

    Brokers like FXCM or even ACMarkets are offering spreads as much as 1 pip. They actually have a list of the spread and it#8217;s amazing how low they mend the disperse. But if you check nearer, in the bottom of the webpage they have a little note:
    #8220;NOTE: FXCM strives to offer traders with tight, competitive spreadsnonetheless, there may be cases when market conditions cause spreads to widen beyond the common spreads exhibited here. Additionally, typical spreads may not be applicable to Japanese-yen-denominated accounts or customer accounts of speaking brokers. Certain currency pairs may not be readily available for all account types. #8221;

    So what's more important to you personally is not a broker with 2 pip spread but a fair little spread broker who'll pay you the spread he quotes. Make certain there's no slippage or even requites. The broker has to be controlled and must have evidence of previous success rates. Oanda and Tradeview Forex provide a set of trading solutions and they've built a fantastic reputation so far. Oanda actually has a real time Currency Market spread next to their quote.

    My advice would be to know about unscrupulous firms as well as those working in countries where regulations are weak. Depending on your trading style, you must pick the Currency Market broker. If you trade only or primarily on news announcements -when markets tend to be volatile- you may pick a Currency Market broker with low spreads, provided the execution is great. But spreads are only significant when they are supported with good performance, fantastic support solutions, and with real data provide.