broker recommendation

Hi folks...I'm looking for a reliable broker with following credentials...low spreads, can handle Limited Partnership account, no dealing desk, doesn't requote, doesn't hunt stops and uses MT4 platform..

sfg7th

http://www.forexfactory.com/brokers.php?broker=326

Will be easyear for you to find the holly grail.

So far so good, I like Activtrades best ......They hav wonderful features like micro-lot, micro-mini lot in one account and they are very reliable. they are registered in a very reliable state.....

This question is asked more then I can think of. It will take you time to find a good broker. What I may like you may dislike. Plus, you have to spend time with the brokers you think you might like. See how they answer your questions while you are on their demo.

try them out like you would a trading system. Read all you can about them and google their names to find and read as much stuff about them as you can. Most all have negatives, its just how bad the negatives are and which ones you can and can not deal with.

For me, I am still on a demo but I will wait to trade live just to find the broker I want and I have been learning for a little over a year now. Don't trust the preferred brokers list on this forum, when they have a broker like FXCM listed who has been in all kinds of trouble, I believe their listing has more to do with money then any ethical standings.

trading live account since 4 month now there: speedy execution, no server down time, good support stuff.

One of the funnier - and true - statements I've seen here at FF!


Topgun

I have a live account.

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

Oh 4 FX sake!

I have been looking for a good broker since I get into Forex six month ago. I don’t care about platforms, off course it must be stable, but I’m more worried about their spread or the accounts they offer -my money should be safe. It’s very complex to choose a good broker. If I don’t like taking risks I would choose a micro account isn’t it? But if I’m sure about my trading style I can use my margin to control more money. But, am I missing something? It’s very confused with micro lots and regular accounts, platforms, pips pricing, currency exchange tools and other business services. At the end of the day, I don’t really see the difference between two brokers. I mean, the differentiation is the main propose for every broker in the market and that objective has made even more difficult to choose the right broker.

I have heard about FXCM and Oanda are great with micro accounts. AC Markets is very popular everywhere but I have heard their spread is very high and I think their focus in professional and experienced traders willing to open a large account. There are some brokers like Tradeview Forex, E-Toro or Alpari that are more for people like me someone who is opening an account for the first time. I have downloaded E-Toro demo account and it’s a lot different than the regular MT4. What platform is that? Why is that better than Tradeview or Alpari’s platforms? I think it’s too overcrowded with pretty things but it’s very helpful and educational for that stage when you are in the dark.

I know the list is long and it would be stupid to check every broker in the market but for the position of a beginner there is no other choice but to check as much brokers as we can before putting our money under any risk. However, despite the amount of information, more research is needed in this matter. What are the issues to and the things to avoid? This kind of question hasn’t been fully answered. These are only a few things that a beginner needs to know and there is not much information about it.

Regards

http://alpari-us.com/

http://www.forexfactory.com/showthread.php?t=133901
http://www.forexfactory.com/showthread.php?t=70392

Nowadays just about every forex broker is claiming to have the tightest spreads in the industry. But marketing does have the ability to be illusory. The topic of spreads in the forex spot market is very complicated and often not easy to understand. But nothing affects our trading profitability more. In that order, finding a broker with a low spread policy can result in a big payoff.

However, Traders like me looking for our first broker or those ones switching to a different one, must understand the spread is how brokers make their money. The spreads will vary depending on the types of accounts. A mini account may have higher spreads than a full contract account. Spreads are tighter when there is good market liquidity but widen as liquidity dries up. Some forex brokers offer different spreads for different clients. If you have larger accounts or make larger trades, you may receive tighter spreads.

All that said, in order to provide you with tight spreads like some brokers are advertising everywhere; they must control expenses such as support services. The tighter the spread the broker offers, the better it is for you. If a broker is offering a spread as low as 1 pip, be cautious. As most of the brokers do not charge a commission, it’s the spread what they use to make their money. In a 1 pip spread, there is very little scope for them to make profit. Also, Tight spreads are not good buy itself, it should be coupled with equally important factors like speed of execution in orders and the value of the order which can really help you to make the most of the advantages.

Quality of execution determines whether you actually receive small spreads from your forex broker. For example, the screen shows a tight spread, but your trade is filled a few pips to your disadvantage or is mysteriously get rejected -- it shows that your broker is displaying tight spreads but is effectively delivering wider spreads. It means that your broker is showing tight spreads but in effect delivering wider spreads. Be aware of such rejected trades, and delayed execution, which are strategies to deceive the traders.

Brokers like FXCM or ACMarkets have been offering spreads as low as 1 pip. They actually have a list of their spread and it’s amazing how low they fix the spread. But if you check closer, at the bottom of the page they have a small note:
“NOTE: FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed here. Additionally, typical spreads may not be applicable to Japanese-yen-denominated accounts or client accounts of referring brokers. Certain currency pairs may not be available for all account types.”

So what is more important to you is not a broker with 2 pip spread but an honest small spread broker who will pay you the spread he quotes. Make sure there is no slippage or requites. The broker must be regulated and must have proof of past success rates. Oanda and Tradeview Forex offer a set of trading services and they have built a good reputation so far. Oanda actually has a real time forex spread next to their quote.

My advice is to be aware of unscrupulous firms as well as those operating in countries where regulations are weak. Depending on your trading style, you must select the forex broker. If you trade only or primarily on news announcements -when markets tend to be volatile- you may choose a forex broker with low spreads, provided the execution is good. But spreads are only meaningful when they are supported with good execution, good support services, and with real information supply.

Anyone knows which broker has lowest spread, no comm, fastest execution, no requote, leverage atleast 1:400, micro lot 0.01, smooth withdraw?

You are looking for a market maker with micro accounts. You can find all that but the "no requotes" requirement is impossible. Requotes are a Market Maker "feature" designed to protect the dealing desk position.

I've been through most of the major brokers and finally landed with MB Trading. First broker I've come across that I feel I can trust, and they have great customer service response times. Now they offer a choice of lower spreads plus commission (with rebates), or commission free accounts (commission included in the spread). Great platforms too including MT4. Best U.S. broker there is in my humble opinion.