Which of these Australia or New Zealand brokers?
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thread: Which of these Australia or New Zealand brokers?

  1. #1
    Junior Member Paxi27's Avatar
    10

    Which of these Australia or New Zealand brokers?

    Which of Those brokers are worth a try; Axitrader, PFD nz, Global Prime, ICmarkets, Darwinex, FXPIG, Tickmill, DirectFX, Dukascopy?

    Preferably a broker from Australia or New Zealand please since I live 'down under'

    reunite into trading again I'm trying find a respectable regulated broker with low spreads(for scalping long term trades) minimum slippage. Would any of you traders be in a position to recommend any of the aforementioned please or any other decent one out there that's not a bucketshop?

    I'm aware that many brokers are only wolves in sheep clothing. . I've gone to look at reviews on many brokers and they all appear to have testimonials that make me wish to steer clear of trading entirely.

    Well, here is hoping I can find some good guie or recommendation from some of you on this particular forum.

    Or am I better off considering trading futures which has better regulation?

    I would love any advice. Thank you.

  2. #2
    Junior Member bverpkne's Avatar
    15
    Pepperstone. I trade out of New Zealand. I've been using them for about three years. Spreads are low, implementation is fast enough. Customer service is courteous and responsive.

  3. #3
    Junior Member weedpkr's Avatar
    20
    Between NZ and AU regulators. AU is a lot stricter, recent modifiions in ASIC regulations dictate that brokers require insurance policy on clients funds. (demand CS to send a copy of their insurance coverage).

    With respect to slippage and spread and execution pricing, nothing is perfect. Its hard to tell because it mostly depends on market conditions/aggregator. One that slip now, might not slip tomorrow vice versa. Same thing goes for spread.
    U might want to start cent/demo accounts with of the brokers have shortlisted and use this to find the one that is most consistent to other brokerages. https://tradeproofer.com/

  4. #4
    Which of these brokers are worth a try; Axitrader, PFD nz, Global Prime, ICmarkets, Darwinex, FXPIG, Tickmill, DirectFX, Dukascopy? Preferably a broker from Australia or New Zealand please since I live 'down under' Getting into trading again I'm looking for a respectable regulated broker with low spreads(for scalping long term trades) minimal slippage. Can any of you traders be in a position to recommend any in the above mentioned please or any other decent one on the market that's not a bucketshop? I'm aware that most brokers are...
    Hey Moyes,

    Just beware that although on the surface you might think it's best to trade with a local NZ regulated broker, there are serious issues with how loose your regulations are and basically anyone that wants to start a brokerage can.

    At , we've got a large number of New Zeland clients on our book trading from across the dutch and enjoying the reassurance that comes with ASIC regulation. Definitely open up a few ECN demo accounts and do some research on spreads, slippage and if these things change when you scale up your trading size.

    Good luck!

  5. #5
    Senior Member cler_99's Avatar
    232
    Involving NZ and AU regulators. AU is much stricter, recent modifiions in ASIC regulations dictate that brokers need insurance policy on customers funds. (demand CS to ship u a copy of their insurance policy).
    Not every broker will get an insurance policy coverage nonetheless. This industry will have a year to comply to the new rule, I believe starting from November 2016.
    Wonder that broker has this insurance in place right now?

  6. #6
    Senior Member pochis's Avatar
    215
    International Prime Au stays the ideal broker. Axitrader can shut even demo account after a month without notice. Pepperstone closes demo account after a month, however, notice. Funny brokers

  7. #7
    International Prime Au remains the best broker. Axitrader can close even demo account after one month without any notice. Pepperstone closes demo account after one month, though notice. Funny brokers
    Hey ,

    Most brokers place their demos to die after 30 days of use. This motivates the client to go live or stay in touch if they wish to reset for the following 30.

    If you're trying to find a non-expiring demo account, check out our https://www.vantagefx.com/forex-trad...unt-unlimited/ here. Just open an unfunded live account and you'll be able to demo trade forever without having to be manually reset.

  8. #8
    Senior Member pochis's Avatar
    215
    quote Hey , Many brokers set their demos to die after 30 days of use. This encourages the consumer to go live or at least remain in contact if they would like to reset for the following 30. If you're trying to find a non-expiring demo account, check out our https://www.vantagefx.com/forex-trad...unt-unlimited/ here. Just start an unfunded live account and you can demo trade indefinitely without needing to be flashed.
    Thank you for response. I will try yours. 'm a swing trader. Market can trend for months, as you known. If brokers can shut demonion where they don't gain, what would happen when it is $ $ where they can benefit? This means withdrawing profit will be harder than robbing a Central bank

  9. #9
    International Prime Au stays the best broker. Axitrader can close even demo account after a month without notice. Pepperstone closes demo account after a month, even however, notice. Funny brokers
    Rather humorous comment Demo trading is rather bad way of studying (so 30 days is sufficient to check terms), you learn far more on real account because of real market conditions. On demo account there are no slippages, orders do not impact market, so it is really much better to learn on real account even with 0,01 lot.

  10. #10
    Which of Those brokers are worth a try; Axitrader, PFD nz, Global Prime, ICmarkets, Darwinex, FXPIG, Tickmill, DirectFX, Dukascopy? Preferably a broker from Australia or New Zealand please because I live 'down below' Getting into trading I'm searching for a reputable regulated broker with low spreads(for scalping long term trades) minimum slippage. Would any of you traders be in a position to recommend any from the above mentioned please or any other decent one on the market that's not a bucketshop? I'm aware that many brokers are...
    From ASIC regulated brokers that the best are IC Markets and Pepperstone, much better spreads than other Australian brokers.

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