Broker Recommendation Please After Alpari UK Carnage

I was an unfortunate Alpari UK Client so I am now looking for a new broker, can anyone recommend a good one and what they have to offer.

I am a day trader but not a scalper so tend to close 90 % of my trades before day close.

Looking for good service and ease of withdrawal and a broker that is...... dare I say it honest and are not likely to trade against me if that thing still goes on.

Particularly interested if they have a good trade manager sotware

Any broker is invited in this discussion as well if they would like to sell themselves.

Thanks everyone and hope you good people didn't get hit too hard with Alpari UK

Just stay away until situation is clear.

I would like to know this as well. Does anyone use a US broker that allows them to trade everything from one platform

Yeah I guess you are right. stay clear and let the dust settle. would love to hear some positive recommendations though

Hi all, with the recent saga fresh in our mind. Here I am looking for a new broker to trade with.
Does anyone have experiences trading LIVE with the above mention?
Platform quality & reliability, speed and low spreads is very much needed.

Thank you

I'm thinking Oanda or Axitrader

Citigroup need at least $1k as initial deposit and others is mostly bucket shop broker...

might want to look at fxcm /uk ..... unless i'm mistaken they have segregated accounts.....h

I closed my Alpari account and switched to ActivTrades. So far so good.

Right now i tend to agree with muhiuddin. I think at least a few weeks should go by before we have any sort of idea of what brokers will go under water.

How did you clsoe your Alpari account, they arent even answering the phones and the homepage is going dead?

Lmax.

If you dont have a $10K deposit open account through an IB for $1K and the account is still obviously held with Lmax.

Does anyone have experience with dukascopy I am told they are very good but would love to here from anyone whos traded using there platforms

Fxpro is the answer you're looking for.

Thanks alphac I will look at their website

I also just found this...


Leucadia National Corporation and FXCM Announce $300 Million Financing to Permit FXCM to Continue Normal Operations

NEW YORK--(BUSINESS WIRE)-- Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) today announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively "FXCM") that will permit FXCM to meet its regulatory-capital requirements and continue normal operations after yesterday's loss of $225 million due to the unprecedented actions of the Swiss National Bank. Under the terms of the agreements, Leucadia is investing $300 million in cash into FXCM in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%. The term loan obligations are guaranteed, on a secured basis, by certain of FXCM's domestic subsidiaries. In addition, Leucadia will receive, in the event of a sale of FXCM or its subsidiaries, a certain percentage of the sale proceeds and, in the event FXCM makes other distributions on account of its equity, a corresponding payment for its own account. This transaction is expected to close this afternoon. Drew Niv, Chief Executive Officer of FXCM, stated: "We could not be more grateful to Leucadia and its team for their rapid and effective response and to our regulators, who have been willing to work with us through this challenging process. Leucadia's support and this financing are by far the best alternative for FXCM, our customers, our shareholders, and all other relevant constituencies. We are pleased to continue to act as the leading online provider of foreign exchange trading and related services to retail and institutional customers worldwide."

Click to see full press release: http://bit.ly/1ua85Ve

Stay away for the moment.
More will come out.
e.g. Cyprus Investment Firms have until Tuesday January 20, 2015 to report if client funds have been compromised or whether business, liquidity or funds have been impacted.

I was looking to start a new account with FXCM literally on the day of all this turmoil. Is it now okay to start an account with them after the $300 million loan? I was going with FXCM for a couple of main reasons:

- A spread betting account with them attracts no tax in the UK as it is considered gambling
- I can use platforms such as Mirror Trader through them
- Tight spreads

Are there any other alternatives to FXCM that are safer but still offer all of the above, or is retail forex a sinking ship now?

Really
Their ECN accounts have higher commission and higher spreads than Lmax, which is a regulated multilaterial trading facility from the UK
Lmax is the real deal but some traders dont want that........each to their own I guess.

Yeah I looked into it myself. thanks again for your input mitch

I have an account with XM and very satisfied with them. The only disatvantage I've found so far is their slippage what might be high during high volatility but for the rest I'm glad I closed my FXCM and Alpari accounts last year.

dukascopy ,if i would suggest