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FX2Life Apr 5, 2020 7:40am | Post# 21

{quote} Which brokers do you recommend working with in the forex market? Or there are none? I am aware of exchanges and futures.
If you have some capital yes go with futures for sure.

But if you want to trade spot forex Interactive brokers is good to go. You can also trade futures with IB.

Alcopop Apr 5, 2020 7:40am | Post# 22

{quote} I outlined all the advise in this thread and even showed you why these brokers are not advisable to work with. You can deposit some money but not much in case they cheat.

True. I did experience one of my brokers went bankrupt even it was regulated couple of years ago. Not having much $ deposited but still need to be aware of possible loss with current brokers.

syndicat Apr 5, 2020 7:49am | Post# 23

{quote} If you have some capital yes go with futures for sure. But if you want to trade spot forex Interactive brokers is good to go. You can also trade futures with IB.

Thanks for the answer.
IB is not suitable for me because of the low (1:30) leverage,
what other brokers can you recommend in the forex market?

FX2Life Apr 5, 2020 7:53am | Post# 24

{quote} Thanks for the answer. IB is not suitable for me because of the low (1:30) leverage, what other brokers can you recommend in the forex market?
Sorry I really can't recommend any other because I don't have any.
What leverage is suitable for you?

syndicat Apr 5, 2020 7:55am | Post# 25

{quote} Sorry I really can't recommend any other because I don't have any. What leverage is suitable for you?
I need a leverage of 1: 100

thevisitor Apr 5, 2020 3:50pm | Post# 26

Please notice,
based on my experience ( a few years...)

- go with a FCA regulated broker
even with 1:30 you can make a killing . POINT!!
there are many good brokers out there..

- IB is pretty good

- i recommend a view oversea australian brokers.
ONLY A VIEW!!

It's not about the leverage..it's all about your skills . POINT!!

thevisitor Apr 5, 2020 5:42pm | Post# 27

you may check this broker
NO PROMOTING!!!!

very good support, conditions , don't playing "tricks" so far and i am profitable..

https://www.blueberrymarkets.com/

yalgaar Apr 8, 2020 12:53pm | Post# 28

{quote} If you have some capital yes go with futures for sure. But if you want to trade spot forex Interactive brokers is good to go. You can also trade futures with IB.
What is the advantages or trading Futures over Spot Forex? Can you provide some examples?

FX2Life Apr 8, 2020 1:32pm | Post# 29

Remove.

Jugoslavija Apr 9, 2020 1:55am | Post# 30

What is the advantages or trading Futures over Spot Forex? Can you provide some examples?

Your trades go to the actual market.If you fail,it is because you are bad trader not because your broker is sabotaging your trading with their games and costs.
You can trade whatever way you want,you can scalp all day if you want,nobody will say anything.You can scalp news whenever you want,with pending orders you will get executed at exact price...
Costs in Futures are much lower,but you need much higher initial trading capital to properly execute Risk management.That is too much for most retail traders.

FX2Life Apr 9, 2020 6:10am | Post# 31

Remove

syndicat Apr 9, 2020 6:48am | Post# 32

{quote} I disagress with this. Choosing the right broker is one of the ingredients of sucess. No trade you make on spot forex go to the real interbank market, unless you have millions to trade which is a different story. If you are with an ECN broker your trades are taken by their LPs and if you are trading with a MM you are just trading against your broker and some or should I say a lot do play games, just like in a casino. This is why futures is the better route than spot FX. Trading/speculation shouldn't be easy. You SHOULD have capital if you...

No trade you make on spot forex go to the real interbank market

How can you prove it?
How to determine the ECN broker? MM broker?

FX2Life Apr 9, 2020 6:53am | Post# 33

{quote} No trade you make on spot forex go to the real interbank market How can you prove it?
Why do you think you are trading in the interbank market?

I just pointed out in the thread how to know if your broker is a MM or ECN.

syndicat Apr 9, 2020 7:01am | Post# 34

1 Attachment(s)
{quote} Why do you think you are trading in the interbank market? I just pointed out in the thread how to know if your broker is a MM or ECN.
Here, only you affirm everything, that's why I asked you to confirm your words with something specific. Why should I trust your findings? Any statement requires proof! But instead of answering, I hear a question from you ...

FX2Life You probably don’t know that when you block me, I can edit my posts
The fact that you blocked me indicates your unscrupulousness.
And that you can not answer uncomfortable questions.
You are a coward !!!

P.S. He blocked me, and you continue to write to me ...
And how can I answer you ???
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FX2Life Apr 9, 2020 7:05am | Post# 35

{quote} Here, only you affirm everything, that's why I asked you to confirm your words with something specific. Why should I trust your findings? Any statement requires proof! But instead of answering, I hear a question from you ...
Proof of what? Why brokers with bonus are a scam? Or why zero/ fixed spread brokers are MM? Or why 1:1000 leverage is to make you lose...

I think this doesn't need any confirmation from me.

FX2Life Apr 9, 2020 8:16am | Post# 36

{quote} Here, only you affirm everything, that's why I asked you to confirm your words with something specific. Why should I trust your findings? Any statement requires proof! But instead of answering, I hear a question from you ... FX2Life You probably don’t know that when you block me, I can edit my posts The fact that you blocked me indicates your unscrupulousness. And that you can not answer uncomfortable questions. You are a coward !!! {image}...
This just proves exactly why you will remain a failed trader, overreaction, no control over your emotions, no knowledge, asking for direction, not willing to be independent...etc

Also you have no knowledge of anything and just want to be spoonfed.

Here is my advice to you, DO YOUR OWN RESEARCH AND STOP BEING A PARASITE.

You were ignored because you want to be spoonfed and don't want or should I say have the capacity to think for yourself and do your own research on the points I explained but instead you are posting nonsense here.

I don't wish to deal with your nonsense any further.

FX2Life Apr 9, 2020 8:34am | Post# 37

{quote} Here, only you affirm everything, that's why I asked you to confirm your words with something specific. Why should I trust your findings? Any statement requires proof! But instead of answering, I hear a question from you ... FX2Life You probably donít know that when you block me, I can edit my posts The fact that you blocked me indicates your unscrupulousness. And that you can not answer uncomfortable questions. You are a coward !!! P.S....
Here you are unblocked what do you have to say.

Phylo Apr 10, 2020 12:16am | Post# 38

2 Attachment(s)
Quoting FX2Life
{quote} I disagress with this. Choosing the right broker is one of the ingredients of sucess. No trade you make on spot forex go to the real interbank market, unless you have millions to trade which is a different story. If you are with an ECN broker your trades are taken by their LPs and if you are trading with a MM you are just trading against your broker and some or should I say a lot do play games, just like in a casino. This is why futures is the better route than spot FX. Trading/speculation shouldn't be easy. You SHOULD have capital if you...

[syndicat;12867167]{quote}
No trade you make on spot forex go to the real interbank market

How can you prove it?
How to determine the ECN broker? MM broker?
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Review-1
If you are with an ECN broker your trades are taken by their LPs ....

No trade you make on spot forex go to the real interbank market

Comment-1

How Trading Works - Interbank and the Forex - Source: https://www.fxstreet.com/education/f...e-200810240000

The forex market has many players, large and small................................ etc.....

Attachment 3602871

Article concluding remarks below.

Myth #1: Direct access to the interbank market
Many dealers promise that they will give you access to the interbank market directly. What they want you to think this means is that you are getting wholesale pricing on your spread. Unfortunately, this isn’t the case. Regardless of your dealer’s specific arrangement with its broker banks, your dealer is still acting as an intermediary. Whether your dealer is filling your order itself using pricing data from its broker banks, or it's sending your order through so its broker banks can fill the order themselves, the access and pricing is the same. The dealer will still be compensated for that service and therefore the process will cost you.
Myth #2: No dealing desk
A dealing desk is the place at an institution where contracts are bought and sold. Your dealer may imply that by trading with them you will not have to work through a dealing desk, giving you better pricing. This is not true. It may be correct that your order won’t be handled by your dealer’s own dealing desk, but your order will eventually wind up on someone’s dealing desk at one of your dealer’s broker banks. If it is going to cost you the same amount of money in the end, does it matter to you whether your order is handled on your dealer’s own dealing desk or Goldman Sachs’ dealing desk? The dealer you work through and your dealer’s broker banks will be compensated for the service they offer, and it will be a cost to you.
Myth #3: ECNs are better than a dealing desk
ECNs are electronic clearing networks that list the orders from professional and retail traders in one place. This adds some nice transparency into where orders are listed, but the actual fills you will get are not usually any better than working with a dealing desk.
The idea behind ECNs is that it should be possible for a retail customer to save some money by setting a limit order in between the normal bid and ask spread. However, you can do the same thing using a regular dealer. Just because an ECN shows you that there are bid and ask orders above and below the current price of the currency pair does not mean that you have any better chance of being filled at one of those levels by trading through an ECN. Those same orders are influencing prices at regular dealers too, even if you can’t see them displayed.
ECNs are managed by clearing firms, which are similar to dealers. And just like dealers, the clearing firms that operate ECNs are looking to be compensated for the service they provide. That translates into a trading cost for you. Watch the video for a detailed visual explanation.

Comment-Phylo: This was posted at another thread that has a number of links to this thread - it is relative to above - see: Toxic Flow - https://www.forexfactory.com/showthr...8#post12851328

Foreign Exchange Interbank - https://www.investopedia.com/article.../interbank.asp

Review-2:
How to determine the ECN broker? MM broker?

Comment-2:

  1. The litmus test*: https://www.forexfactory.com/showthr...4#post12524034 * a decisively indicative test.
  2. https://www.investopedia.com/article...arketmaker.asp

Comment-Phylo: - It should be clear re ECN vs MM that ECN is ultimately the better option. However, regarding UK FCA regulated MM (and other reliable regulatory bodies) I believe the days of the broker highway-robber has largely been curtailed. Any MM must be able to sustain a certain amount of successful traders - and successful traders are far and few between. Some MM are larger than others and therefor can tolerate larger trader wins.
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Some notes on futures - https://www.forexfactory.com/showthr...4#post12261294

Note: - > Any disagreements welcome - however, I have no time for further comment - other priorities are at hand.
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