The most secure forex broker? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Regulations - Complaints & How to Secure Ourselves? 18 replies

the most secure 5 pip scalping system 136 replies

Need to secure a given amount using a forex option. Is this exclusive of forex houses 3 replies

Is the future of a Forex trader secure? 7 replies

Is Northfinance A Secure Broker 2 replies

The most secure forex broker?

  • #1
  • First Post: Jul 2, 2017 9:19am Jul 2, 2017 9:19am
Hi guys, i operated in various brokers' demo accounts in those months and things are goin' good, but i really didn't understand which one i can trust.
I understood that FCA is one of the best license but also not a real assurance.
Every time im certain about a broker, but then i find new bad review about it.
So in vere to ask you help. Im not searching for the best spreads (i Like tjat, but i prefer safety), or the best platform (my strategy doesn't need particular indexs), but just a serious forex broker.
I got informations about Oanda (but many people had issues), XM (fca license and nice support, but i dont know anymore) , IG (but again bad reviews on web)... Etc..etc...
  • #2
  • Jul 2, 2017 9:24am Jul 2, 2017 9:24am
And i hnave to mention Dukascopy, that seems good but it isnt licensed with fca or something similar
  • #3
  • Jul 2, 2017 2:34pm Jul 2, 2017 2:34pm
Interactive Brokers, Pepperstone, Lmax, Dukascopy
  • #4
  • Jul 2, 2017 3:12pm Jul 2, 2017 3:12pm
Quoting Dkam
Interactive Brokers, Pepperstone, Lmax, Dukascopy
Thank you Dkam.


Is pepperstone also for US citizens? Cos i read this in some place here.
Il do a reasearch for the other 2.
  • #5
  • Jul 2, 2017 3:27pm Jul 2, 2017 3:27pm
Quoting gvsee
{quote} Thank you Dkam. Is pepperstone also for US citizens? Cos i read this in some place here. Il do a reasearch for the other 2.
EU****

because im having issues. They say i cant because im from EEA region
  • #6
  • Jul 3, 2017 5:26am Jul 3, 2017 5:26am
Quoting gvsee
{quote} Is pepperstone also for US citizens?
Not sure if pepperstone accepts US citizens as many brokers does not accept them because of the strict US laws however I think lmfx broker still accepts traders from the US.
  • #7
  • Jul 3, 2017 7:38pm Jul 3, 2017 7:38pm
Quoting gvsee
{quote} Thank you Dkam. Is pepperstone also for US citizens? Cos i read this in some place here. Il do a reasearch for the other 2.
If you want a "regulated" US broker, the NFA and CFTC have made it so you only have two choices....Oanda and Forex.com, unless your net worth is 10 million, then you have other options. They both suck, your only choice in US is an "unregulated" offshore broker. I need to emphasize how over rated regulation is....the Us has the toughest regs and the absolute shadiest brokers...so it is best to find two or three offshore ECN/ DMA brokers who YOU trust and stick with them. Way more freedom, better leverage, hedging, no FIFO,etc.
  • #8
  • Jul 4, 2017 5:43am Jul 4, 2017 5:43am
Information from inside Russian broker ( top 5). In recent months turnover in forex broker become 6 times lower than earlier. Binary options, forex is struggling. A lot of clients went to cryptocurrencies. So a lot of promotions going on tv and so on. In autumn there could be some bancrupcies.
  • #9
  • Jul 4, 2017 5:19pm Jul 4, 2017 5:19pm
Pepperstone will not accept clients from Europe and Uk for some time since they are getting a FCA regulation and are not allowed to accept new clients during this process.
  • #10
  • Jul 8, 2017 1:32pm Jul 8, 2017 1:32pm
Right now it is quite difficult to ensure a broker which is most secure , as a result lots of trading brokers we have in this retail market place and most of them are found to be scams.
  • #11
  • Jul 8, 2017 2:55pm Jul 8, 2017 2:55pm
With Black Swan, Forex or broker is not secured; look for good regulated brokers. It also depends your trading account size
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #12
  • Jul 8, 2017 7:32pm Jul 8, 2017 7:32pm
Quoting 9jatrader
With Black Swan, Forex or broker is not secured; look for good regulated brokers. It also depends your trading account size
Why is everyone so focused on this so called "regulation"? US has the supposedly toughest regulations and the most scam brokers and the NFA doesn't even allow for protection of funds.
  • #13
  • Jul 9, 2017 4:23am Jul 9, 2017 4:23am
Unfortunately i don't already have US passport, so i have to trade with an EU broker.
Yea @pipmaster77, regulations don't give you 100% of security, but even better than a completely "dark" broker if you know what i mean. Nothing can ensure me that X regulated broker will be still on tomorrow, as opposed to "the unregulated one", but what can i do so? it's like a "percentage situation"
  • #14
  • Jul 9, 2017 5:45am Jul 9, 2017 5:45am
I mostly prefer US or UK base broker , than any others their regulations is mostly strong , I also prefer Australian regulation. But don’t depend on just regulation , depend on brokers credibility .
  • #15
  • Jul 9, 2017 8:23am Jul 9, 2017 8:23am
Quoting MitchellMcC
I mostly prefer US or UK base broker , than any others their regulations is mostly strong , I also prefer Australian regulation. But dont depend on just regulation , depend on brokers credibility .
That's my point. For example, FXCM was a US regulated broker, turns out they were running biggest scam in forex history. The US regulations are more about crippling the trader than protecting the trader. They simply want everyone to go back to trading futures, because just like anything the US govt does, IT MUST BENEFIT them, which is why tobacco, oil and drug companies run the entire country.
  • #16
  • Jul 9, 2017 10:10am Jul 9, 2017 10:10am
If regulations means nothing go for the unregulated brokers. Then you're safer
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #17
  • Jul 9, 2017 11:32am Jul 9, 2017 11:32am
Quoting 9jatrader
If regulations means nothing go for the unregulated brokers. Then you're safer
Yes, because my unregulated broker only requires 10% of the margin requirement as the "regulated" US broker. Since money isn't protected in either scenario, I save 90% of my trading capital with my unregulated broker if something goes wrong.
  • #18
  • Jul 9, 2017 1:16pm Jul 9, 2017 1:16pm
Quoting pipmaster77
{quote} That's my point. For example, FXCM was a US regulated broker, turns out they were running biggest scam in forex history. The US regulations are more about crippling the trader than protecting the trader. They simply want everyone to go back to trading futures, because just like anything the US govt does, IT MUST BENEFIT them, which is why tobacco, oil and drug companies run the entire country.
I have seen mostly regulated trading brokers don’t allow scalping and hedging in their trading platform. this platform permits scalping or not ?
  • #19
  • Jul 9, 2017 2:26pm Jul 9, 2017 2:26pm
Quoting MitchellMcC
{quote} I have seen mostly regulated trading brokers dont allow scalping and hedging in their trading platform. this platform permits scalping or not ?
US regulated brokers do not allow hedging and they require you to close in a FIFO order, they also require 10 times more to be deposited for margin. So if you want to trade a standard lot of USDJPY with a 30 pip stop, even though you are only risking $300, that trade requires $4000 to be deposited with a US broker.

This is all done in an effort to "protect" the trader. Yet the US has the largest and most famous bucketshops on the planet. Once again, the regs are in the regulators best interest. NFA is the National FUTURES Association. They want all of the spot forex volume back in futures, the regulations are simply their way of accomplishing this. Yet some traders still wish to debate this fact, which really doesn't make sense as these are all facts. Why folks wish to be oblivious to this is beyond me.
  • #20
  • Jul 9, 2017 3:03pm Jul 9, 2017 3:03pm
Sorry Mitch! Your information is not totally correct actually. I have never found at any broker which restrict scalping but its true hedging doesn’t allow so many regulated trading platforms.
0 traders viewing now