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Which one of these brokers is good

  • #21
  • Apr 29, 2018 10:08am Apr 29, 2018 10:08am
Quoting murena80
{quote} You can check here their live orderbook: https://s3-eu-west-1.amazonaws.com/l...dget-vwap.html
Cheers, will have to see if my account is still open or If I need to apply again. Would be interested to see if their live MT4 has improved.

Other brokers on my list are Darwinex and Varianse, planning to stick a bit of cash in each to test them out.
  • #22
  • May 10, 2018 12:43pm May 10, 2018 12:43pm
Is realy jfdbrokers not a market maker and sent trades to interbank market?
  • #23
  • May 11, 2018 6:58pm May 11, 2018 6:58pm
Quoting The-Flipper
{quote} None. They all are scam, fake brokers.
Why do you think they are all scams? I'm in particular interest on the IC Markets and Pepperstones as I have live account with them and they are both have offices in Melbourne (where I"m from)

That said, OP, as part of my research; i did compare their live spread side-by-side (running both platform together) and they are both extremely similar. I trade on the EUR/USD as it very tight spread though Pepperstones (razor account) appears to have a slightly higher commission per trade, if you do lower volume.
  • #24
  • May 12, 2018 2:39am May 12, 2018 2:39am
Quoting ZhenLegend
{quote} Why do you think they are all scams? I'm in particular interest on the IC Markets and Pepperstones as I have live account with them and they are both have offices in Melbourne (where I"m from) That said, OP, as part of my research; i did compare their live spread side-by-side (running both platform together) and they are both extremely similar. I trade on the EUR/USD as it very tight spread though Pepperstones (razor account) appears to have a slightly higher commission per trade, if you do lower volume.
What about Rakuten AU - EURUSD spread of 0.5 pip, no comm. Sounds good...no - great anyone with live experience?
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #25
  • May 12, 2018 6:36am May 12, 2018 6:36am
Quoting Maxjoy
{quote} What about Rakuten AU - EURUSD spread of 0.5 pip, no comm. Sounds good...no - great anyone with live experience?
Is not a good broker.
  • #26
  • May 12, 2018 11:37pm May 12, 2018 11:37pm
Quoting Maxjoy
{quote} What about Rakuten AU - EURUSD spread of 0.5 pip, no comm. Sounds good...no - great anyone with live experience?
never heard of Rakuten, quick look at it appears to be Market makers broker and not STP/ECN type of broker. I actually quite annoyed with broker that says 'no commission' when in reality the commission is accounted in the spread.

I think you just need to work out the volume vs amount of $ commission you going to pay. Some broker charge per trade, some charge in the spread and some mixes the two. some charges swap some doesn't.

if the spread of 0.5pip, 10 trades (at 0.1 lot) = 5 pips [EUR/USD 1pip=$10 ] hence $50
if 0 spread at the same trade volume (but charge $10 per std lot) = $10

Happy to be corrected if I am wrong
  • #27
  • May 13, 2018 3:03am May 13, 2018 3:03am
Quoting Aussi
been with pepper , icmarkets , hotforex and exness been trading a long time found all to be ok with withdraw , daily im unsure but i was with all and able to withdraw 2 to 3 times a month good luck with your trading
thanks for insight, but which one you would say was better than others?
  • #28
  • Edited 7:22am May 13, 2018 7:05am | Edited 7:22am
Quoting ZhenLegend
{quote} never heard of Rakuten, quick look at it appears to be Market makers broker and not STP/ECN type of broker. I actually quite annoyed with broker that says 'no commission' when in reality the commission is accounted in the spread. I think you just need to work out the volume vs amount of $ commission you going to pay. Some broker charge per trade, some charge in the spread and some mixes the two. some charges swap some doesn't. if the spread of 0.5pip, 10 trades (at 0.1 lot) = 5 pips [EUR/USD 1pip=$10 ] hence $50 if 0 spread at the same trade...
EURUSD - 0.1 lot is $1 per PIP, not $10, 1 lot is $10 per PIP.
The way I see it 0.5 pip spread + no commission is the best deal U can get...however - never used Rakuten or know anyone that has...0.5 pips is great for scalpers
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #29
  • May 13, 2018 7:53am May 13, 2018 7:53am
Quoting Maxjoy
{quote} EURUSD - 0.1 lot is $1 per PIP, not $10, 1 lot is $10 per PIP. The way I see it 0.5 pip spread + no commission is the best deal U can get...however - never used Rakuten or know anyone that has...0.5 pips is great for scalpers
Thanks! mis-calculated
  • #30
  • May 13, 2018 11:17pm May 13, 2018 11:17pm
I heard Hotforex such as Amarkets is really good. In particullar, i mean withdrawals, CS and trading platform.
  • #31
  • Jul 21, 2018 10:35am Jul 21, 2018 10:35am
Quoting Maxjoy
{quote} What about Rakuten AU - EURUSD spread of 0.5 pip, no comm. Sounds good...no - great anyone with live experience?
Rakuten AU

sir did you use this broker is i a good broker ?
  • #32
  • Jul 24, 2018 3:38am Jul 24, 2018 3:38am
Out of those mentioned, I have traded with hotforex earlier. Everything was good until they started manipulating the spreads and when I asked the customer support about it. No replies. So I closed my account and moved on. Currently am with Coinexx. So far they are amazing, I trade on near zero - 0.3 on majors + $2/lot commission. And the withdrawals have not been an issue neither have noticed any spread widening since i started.
  • #33
  • Aug 5, 2018 1:42am Aug 5, 2018 1:42am
Quoting The-Flipper
{quote} The only ones i trade with or would recommend at the moment: In that order, but the regulation differs, so keep that in mind! 1. (IB) Interactive Brokers, LMAX (or based) 2. FX Pig (spa feed) 3. Varianse (Prime feed) 4. Darwinex, JFD Brokers, Global Prime 5. Dukascopy (or based) 6. Tradeview Forex That's it.

"(IB) Interactive Brokers, LMAX (or based)"


What does LMAX means ?
and (or based ) means ?

here
skype : deepak_oza
  • #34
  • Aug 5, 2018 11:30am Aug 5, 2018 11:30am
Quoting fx_trader5
{quote} What does LMAX means ? and (or based ) means ? here
"Based" simply means: Partners or IBs (Introducing Brokers) of Lmax.

But be careful, some claim they are (FX Open) but in reality they are just scam/scum.
  • #35
  • Aug 5, 2018 11:52am Aug 5, 2018 11:52am
LMAX is good

min Account is 10K though
  • #36
  • Aug 5, 2018 2:54pm Aug 5, 2018 2:54pm
Quoting JonyPP
{quote} How big spread they have on sp 500 and dax + any commison ?
spreads :

sp500 0.5
dax 0.75

commissions :

they depend on your trading volume and can be negotiated if you're a high volume trader
  • #37
  • Aug 5, 2018 4:15pm Aug 5, 2018 4:15pm
Commision at a basic level:

Dax mini - 0.24 euro per contract;
Dax - 0.30 euro per contract;
SP500 MINI - 0.31 usd per contract
SP500 - 0.40 usd per contract
  • #38
  • Aug 5, 2018 5:53pm Aug 5, 2018 5:53pm
Quoting The-Flipper
{quote} The only ones i trade with or would recommend at the moment: In that order, but the regulation differs, so keep that in mind! 1. (IB) Interactive Brokers, LMAX (or based) 2. FX Pig (spa feed) 3. Varianse (Prime feed) 4. Darwinex, JFD Brokers, Global Prime 5. Dukascopy (or based) 6. Tradeview Forex That's it.
what differentiates these from the ones posted in original post...

i use IC markets and cant complain, haven't found a better broker, im open to change if it can be done... all i see you doing is moaning/berating brokers...
  • #39
  • Aug 5, 2018 7:10pm Aug 5, 2018 7:10pm
Quoting Don96
{quote} what differentiates these from the ones posted in original post... i use IC markets and cant complain, haven't found a better broker, im open to change if it can be done... all i see you doing is moaning/berating brokers...
I've already given the answer to your question in page 1 and i just called them for what they are.

IC markets is a big fake/scam broker, i would never trade serious money with them.

But i really don't care whomever you finally go with, it's not my money.
  • #40
  • Aug 5, 2018 10:10pm Aug 5, 2018 10:10pm
Quoting The-Flipper
{quote} "Based" simply means: Partners or IBs (Introducing Brokers) of Lmax. But be careful, some claim they are (FX Open) but in reality they are just scam/scum.

Okay. thanks for your kind reply
skype : deepak_oza
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