New broker required - any suggestions?
1 2 3

thread: New broker required - any suggestions?

  1. #1

    New broker required - any suggestions?

    Hi, I'm searching for a new broker to trade with. Right now I'm using FXDD and Oanda, both have their own disadvantages. I want my new broker to possess following qualities:

    1. Reputable and controlled, not one - day bucket shop.
    2. Lots of accessible currency pairs. Among the primary reason I'm not pleased with FXDD is that their amount of tradable pairs is quite tiny.
    3. Hedging without a FIFO.
    4. 1:100 leverage
    5. Mobile trading platform.

    Spreads aren't an issue, I am not likely to scalp. Fantastic relationship is important also. I have checked out a significant variety of different brokers, and simply can't find one that would tick all the boxes. So, any recomendations?

  2. #2
    Junior Member luisokbobt's Avatar
    14
    I have been using ILQ for a broker as of lately. Using my proprietary scalping EA I have gone through a number of brokers looking for the environment. I recently made the change to ILQ out of FXDD. Up to now I'm visiting low spreads and good implementation (keeping my fingers crossed). I know they're relatively new to the retail Foreign Exchange playing field but I would suggest giving their demo a shot. Only con is that they're NFA enrolled so only 50:1 leverage.

  3. #3
    Junior Member Fransuarwz64's Avatar
    29
    I was loving these guys until the US gov screwed up things, but they will be back again in 2012-2013.

    Take a look at these guys they offer an extremely reduced spreads no commission and therefore are governed by the FSA. fx.

    They have an wonderful platform and a management appliions to die for, minimium account $500 aus dollars.

    http://www.vantagefx.co.uk/why-vantage-fx/
    ...

  4. #4
    Have a look at these guys they offer you a very low spreads no commission and also therefore are regulated by the FSA. fx.

    They have an wonderful platform and a management software to expire, minimium account $500 aus dollars.

    Http://www.vantagefx.co.uk/why-vantage-fx/

    Additionally if you are interested in trading someone elses funds for a living that they are connected to http://www.londonglobalinvestments.com/Remote_Trader that offer a complete time trader occupation.

    Hope this helps

    Clive Packham

  5. #5
    Junior Member Dimeruben's Avatar
    27
    Hi, I am searching for a new broker to exchange with. Right now I am using FXDD and Oanda, both have their own disadvantages. I would like my new broker to have following qualities:

    1. Regulated and reliable, not one - day bucket shop.
    2. Lots of available currency pairs. One of the main reason I am not happy with FXDD is their number of tradable pairs is quite small.
    3. Hedging without a FIFO.
    4. 1:100 leverage
    5. Mobile trading platform.

    Spreads are not an issue, I'm not likely to scalp. Fantastic connection is important also. I've checked out quite...
    Mrv, For those who can, I think this link below will give you a better glimpse of brokers' performances. You can also consider NDD or STP brokers.
    https://www.cliqforex.com/trading-sy...ose-forex.html

  6. #6
    Junior Member Natnut's Avatar
    15
    Im facing the identical problem but without the experience with any broker!!

    I have been investing in US stock market for 8 years with excellent broker ( cyber trader) never desire more than their platform

    but Im newbie in the forex world learning from this precious forum! I have just started and Im facing a issue with the timing! Im UK trader alot of conflict happen when I use MT4. .

    I have account with ETORO however this broker let u do nothing than copying and following people and I hate this! I use that esignal but I found MT4 do the identical job!

    Is there any recommended broker for UK traders? I want to use MT4 with?

  7. #7
    Hi mrv, I'm looking at new brokers at the moment and OandA was in my list. What problems have you had.
    How much are you looking to deposit, I have seen some fine looking ecn brokers but using a min deposit ? 20k-? 50k. What's over my? 3000 limit!!!

    The few I did find that could be ok, don't answer emails to the customer service (MB Trading, oanda, deltastock). Which concerns me as should problems arise with a live account I'd love to have a fast answer.

    If you've had any luck could you post . It'd really help me.
    Hi Nitsuj,
    Which ECN are you refer to?

  8. #8
    Hello, I am looking at new brokers at the moment and OandA was on my listing. What problems have you had.
    How much are you looking to deposit, I've seen some nice looking ecn brokers but with a min deposit of? 20k-? 50k. What's over my? 3000 limit!!!
    Nitsuj, those aren't real issues, its a matter of personal preferences. I find that their platform to be one of the worst and most user - unfriendly (at the same time I understand some people who believe exactly the reverse ), I don't enjoy the timezone on their charts, their factor spreads leap up and down for no reason, no hedging, only 50:1 leverage. And after all that boasting about how beautiful and technically innovative that their platfor is, oanda remains a bucketshop - not that it would bother me too much, but who wants all those bells and whistles, when you can get MT ecn broker and forget about tightest spreads in the industry? What I love about them is that their cash management system - no need to print, scan, email anything, just a few clicks and I am sorted.

    FXDD, in its turn, does have a restricted supply of tradable pairs and also only 50:1 leverage.

  9. #9
    I am not sure saxobank allows hedging, not too many large names do. Thus far the best looking one is alpari uk - pretty much ticks all the boxes, except cellular platform. I also understand they're not ECN, therefore that I do not hurry to make that final choice.
    Saxo Bank does allow hedging. All http://www.forexbrokerz.com/page/fsa...-forex-brokers allow payoff too.

  10. #10
    Member xwta's Avatar
    35
    I utilize MB trading for one of my accounts. (good spreads). . And GFT for the next one of my accounts. They supply good scalping out techniques.

  •