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Small capital trader in need of a new broker

  • #1
  • First Post: Apr 25, 2018 5:51pm Apr 25, 2018 5:51pm
Im looking for a new broker as my current one forex.com sent me an email stating that my account is being transferred to a different brokerage next month on the 12th. I was with FXCM before and was transferred to forex.com. Now im tired of all the nonsense, withdrew my $$ and in need a reliable broker. My initial deposit will be 2000$
Price is King
  • #2
  • Apr 26, 2018 4:19am Apr 26, 2018 4:19am
If your are really in the US then your only other option in the is Oanda. No offense, but if you don't already know that then you probably should be still trading demo.
Pride always comes before destruction.... -Proverbs 16:18
  • #3
  • Apr 26, 2018 9:15am Apr 26, 2018 9:15am
Quoting ebecerra85
Im looking for a new broker as my current one forex.com sent me an email stating that my account is being transferred to a different brokerage next month on the 12th. I was with FXCM before and was transferred to forex.com. Now im tired of all the nonsense, withdrew my $$ and in need a reliable broker. My initial deposit will be 2000$
Sorry for being off topic, but is Forex.com closing as well? Regulation issues?
  • #4
  • Apr 26, 2018 12:20pm Apr 26, 2018 12:20pm
Quoting Expo33
If your are really in the US then your only other option in the is Oanda. No offense, but if you don't already know that then you probably should be still trading demo.
Thank you for the advice, Im actually quite profitable but ill be opening like you said first so i can get a feel for it. Happy pips friend
Price is King
  • #5
  • Apr 26, 2018 12:21pm Apr 26, 2018 12:21pm
Quoting available
{quote} Sorry for being off topic, but is Forex.com closing as well? Regulation issues?
Im not sure what it is I just dont want to keep my money with them whatever the case. Luckily i had not issues with my withdraw. Happy pips friend
Price is King
  • #6
  • Apr 28, 2018 7:28am Apr 28, 2018 7:28am
Quoting ebecerra85
{quote} Im not sure what it is I just dont want to keep my money with them whatever the case. Luckily i had not issues with my withdraw. Happy pips friend

im with oanda and im happy with them. try think or swim platform which allows you to trade forex. i have both
  • #7
  • Apr 29, 2018 6:59pm Apr 29, 2018 6:59pm
Quoting Superflex
{quote} im with oanda and im happy with them. try think or swim platform which allows you to trade forex. i have both
Thanks Friend
Price is King
  • #8
  • May 3, 2018 7:05am May 3, 2018 7:05am
Quoting Expo33
If your are really in the US then your only other option in the is Oanda. No offense, but if you don't already know that then you probably should be still trading demo.
no your wrong and if you had been trading for very long you would know that LMFX accepts us clients and gives 1000 to 1 margin
  • #9
  • May 3, 2018 9:50am May 3, 2018 9:50am
If you are unable to find a new broker to your liking you can also take a look at currency futures.
  • #10
  • Edited 8:25pm May 3, 2018 8:12pm | Edited 8:25pm
Quoting pipster59
{quote} no your wrong and if you had been trading for very long you would know that LMFX accepts us clients and gives 1000 to 1 margin
I was referencing the only other US broker available here at home.

I actually have an account with LMFX along with a few other accounts with other offshore brokers. Not impressed and don't want to much of my capital exposed when the next black swan event comes.

I still keep 90% of my trading capital with Oanda. A solid company with a solid balance sheet and an actual office 4 hours from my house. Not to mention a squeaky clean record. Talking to some "back office" guy who sounds like he's in a closet 8000 miles from me isn't all that appealing. Don't need 1000:1 leverage or anything close to that anyways.

As I have stated many times. If I wanted to hedge I could, but it's not part of my plan. Oanda allows you to have 19 sub accounts so you can take both sides of a trade if you want. FIFO also not an issue. If I have more than one position I just make them a different size. I am amazed that traders make FIFO some big issue.

The only issue for me is safety of my funds and thus Oanda is perfect for me.
Pride always comes before destruction.... -Proverbs 16:18
  • #11
  • Last Post: May 18, 2019 1:02pm May 18, 2019 1:02pm
Quoting Expo33
If your are really in the US then your only other option in the is Oanda. No offense, but if you don't already know that then you probably should be still trading demo.
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