Brokers with Good Reputations | Forex Factory

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Brokers with Good Reputations

  • #1
  • First Post: Apr 11, 2018 4:10am Apr 11, 2018 4:10am
Hi all FF members,

I wish someone in FF who consistently making profit able to introduce the reputation brokers.

Which broker is good reputation in terms of withdrawal when trader is making money.

For example, if the trader withdrawing consistently two thousand USD each month and which is more than initial invested amount. Which broker will still pay the profits?

I am asking so is because, there are many complaints for most of the brokers as below when the trader is making profit:
1. Blocking the account with weird reason.
2. High slippage during trading turning profit into loss trade.
3. Giving excuse such as bank problem and request many proof documents, in fact the broker is not willing to transfer the profit making money to trader etc.
  • #2
  • Apr 12, 2018 5:38am Apr 12, 2018 5:38am
Quoting sam2vt
Hi all FF members, I wish someone in FF who consistently making profit able to introduce the reputation brokers. Which broker is good reputation in terms of withdrawal when trader is making money. For example, if the trader withdrawing consistently two thousand USD each month and which is more than initial invested amount. Which broker will still pay the profits? I am asking so is because, there are many complaints for most of the brokers as below when the trader is making profit: 1. Blocking the account with weird reason. 2. High slippage during...

Brokers regulated by the FCA, or based in US generally as a rule of thumb. Others may be fine but you have to check out how strong the regulation is in that country, and confirm that they are actually regulated in the site of the regulator and not on the website of the broker.

LMAX and IB the states are two of the best, but there are some good ones
  • #3
  • Apr 12, 2018 11:29am Apr 12, 2018 11:29am
In US/CAN, Oanda is good
which country are you in?
  • #4
  • Apr 13, 2018 12:57am Apr 13, 2018 12:57am
Quoting charron
In US/CAN, Oanda is good which country are you in?
I am from Malaysia.

I am sure there are good brokers out there. However, I am appreciated traders who are making consistent profits and have no problem on withdrawing to share the broker's name here.

I am not worry on withdrawing of my capital, but if I am making profit and it is more than my capital it may be difficulties. Anyone have such experience before? Honestly, I am not, as I have not yet making profit exist my capital yet.

As all brokers are overseas, if anything happen it is not easy for me to report to the regulated departed in the respective country.
  • #5
  • Apr 13, 2018 2:33am Apr 13, 2018 2:33am
Quoting sam2vt
{quote} I am from Malaysia. I am sure there are good brokers out there. However, I am appreciated traders who are making consistent profits and have no problem on withdrawing to share the broker's name here. I am not worry on withdrawing of my capital, but if I am making profit and it is more than my capital it may be difficulties. Anyone have such experience before? Honestly, I am not, as I have not yet making profit exist my capital yet. As all brokers are overseas, if anything happen it is not easy for me to report to the regulated departed in...
Where you are based shouldn't be an issue in reporting a broker for mis-action. If you are in a broker and think you won't be able to get the profits, simply change the broker to another one.
  • #6
  • Apr 18, 2018 11:45pm Apr 18, 2018 11:45pm
Quoting sam2vt
{quote} I am from Malaysia. I am sure there are good brokers out there. However, I am appreciated traders who are making consistent profits and have no problem on withdrawing to share the broker's name here. I am not worry on withdrawing of my capital, but if I am making profit and it is more than my capital it may be difficulties. Anyone have such experience before? Honestly, I am not, as I have not yet making profit exist my capital yet. As all brokers are overseas, if anything happen it is not easy for me to report to the regulated departed in...
Look, find brokers registered with SEC(US), ASIC(australia), IIROC(Canada) or FCA(UK)
Make sure they keep clients funds in separate accounts (which is requirements in above countries)

Whatever you do, don't go with Cyprus based (cysec) brokers,
I heard stories about some chinese traders who lost their underwear with cysec based broker
  • #7
  • Apr 19, 2018 6:39am Apr 19, 2018 6:39am
Quoting charron
{quote} Whatever you do, don't go with Cyprus based (cysec) brokers, I heard stories about some chinese traders who lost their underwear with cysec based broker
I use Cyprus based broker - FXpro - and I have no problem. They even have negative balance protection so I do not understand the stories you heard.
  • #8
  • Apr 21, 2018 12:58pm Apr 21, 2018 12:58pm
Actually, checking the broker for regulation is complicated, and even if the day comes and you will be able to use regulator, what will it give you? I don't understand. I did it once and only got a lot of questions, and in the end I was the made guilty that my broker's account got blocked. So now I prefer tradint with big brokers, they don't do these things.
  • #9
  • Apr 22, 2018 1:58pm Apr 22, 2018 1:58pm
Quoting sam2vt
Hi all FF members, I wish someone in FF who consistently making profit able to introduce the reputation brokers. Which broker is good reputation in terms of withdrawal when trader is making money. For example, if the trader withdrawing consistently two thousand USD each month and which is more than initial invested amount. Which broker will still pay the profits? I am asking so is because, there are many complaints for most of the brokers as below when the trader is making profit: 1. Blocking the account with weird reason. 2. High slippage during...
Personally i have had an excellent experience with IC Markets. Payments are made the day you request an withdrawal, then about 2 days to be on your side. Axitrader also with no problems with withdrawals.
  • #10
  • May 5, 2018 1:32am May 5, 2018 1:32am
Hi All.

I am looking for CFD's best brokers in United Arab Emirates
reliable in withdrawals
could you anyone here help me in

thanks
Mihir
mihir
  • #11
  • May 8, 2018 4:02am May 8, 2018 4:02am
Quoting charron
In US/CAN, Oanda is good which country are you in?
Is this also good for Latin America? Newbie here... thanks
  • #12
  • May 13, 2018 11:29pm May 13, 2018 11:29pm
Quoting sam2vt
Hi all FF members, I wish someone in FF who consistently making profit able to introduce the reputation brokers. Which broker is good reputation in terms of withdrawal when trader is making money. For example, if the trader withdrawing consistently two thousand USD each month and which is more than initial invested amount. Which broker will still pay the profits? I am asking so is because, there are many complaints for most of the brokers as below when the trader is making profit: 1. Blocking the account with weird reason. 2. High slippage during...
Dude you have to understand that is no brokers with good reputatuion. Every trader immidetely will write smth bad about chosen brokers if something goes wrong. Also don't forget about rivals who deliberately understate ratings. Even really nice copmanies have a lot of negative reviews about withdrawals, CS etc. SO you really can't make an objective point of view. Only your own exeprience could help you. I can't advice brokers with good reputations but I heard about 100% welcome bonus of Amarkets. So i guess it will be interesting for newbies or traders who want without a lot of investments immidietely multiply their funds.
  • #13
  • May 14, 2018 2:08pm May 14, 2018 2:08pm
Quoting Catch-22
{quote} Brokers regulated by the FCA, or based in US generally as a rule of thumb. Others may be fine but you have to check out how strong the regulation is in that country, and confirm that they are actually regulated in the site of the regulator and not on the website of the broker. LMAX and IB the states are two of the best, but there are some good ones

Like FXCM which caused a mess for many traders? Both offshore and onshore have their pros and cons and we have to estimate correctly a progress in offshore regulation. Some places like Cyprus are quite strict ones right now..
  • #14
  • Last Post: May 16, 2018 2:59am May 16, 2018 2:59am
Quoting available
{quote} Like FXCM which caused a mess for many traders? Both offshore and onshore have their pros and cons and we have to estimate correctly a progress in offshore regulation. Some places like Cyprus are quite strict ones right now..

Not sure why anyone would want to trade with FXCM with their spreads - but they are a lot more strict about margin and stuff then they used to be.
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