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Looking For A Good Broker

  • #1
  • First Post: Aug 30, 2018 9:00pm Aug 30, 2018 9:00pm
Hello guys, good morning/afternoon/evening.
Gates here.

I am new on this forum, yet it already feels like I've been here for a very long time. I like the discussions and the profess traders here.

I have a question though, I want to finally go live in forex trading. I need a good broker that has good spreads(must not be the best) , Active customer service, supports crypto currencies as both trading instruments and funding method(optional), high reputation, fast withdrawal, ECN or STP, and has a good mt4 platform that works well with indicators and EAs. I'll appreciate every addition.

I am writing from Nigeria, by the way.

Thank You
-Gates
  • #2
  • Aug 31, 2018 3:36am Aug 31, 2018 3:36am
Hi Gates

Welcome to the forum! I'm sure you will get lots of useful information and help from other traders here.

In answer to your question, I can only say that I am with IC Markets and I'm very happy with them.

Active customer service - yes, live chat and email
supports crypto currencies as trading instruments - yes
and funding method(optional) - yes, using Bitcoin Wallet
high reputation - yes, and ASIC-regulated
fast withdrawal - international wire transfer (up to 3 days) or via Paypal (instant)
ECN or STP - ECN
has a good mt4 platform that works well with indicators and EAs - MT4, MT5 and cTrader

Have a great weekend :-)
  • #3
  • Aug 31, 2018 7:06am Aug 31, 2018 7:06am
Quoting tradesimply
Hi Gates Welcome to the forum! I'm sure you will get lots of useful information and help from other traders here. In answer to your question, I can only say that I am with IC Markets and I'm very happy with them. Active customer service - yes, live chat and email supports crypto currencies as trading instruments - yes and funding method(optional) - yes, using Bitcoin Wallet high reputation - yes, and ASIC-regulated fast withdrawal - international wire transfer (up to 3 days) or via Paypal (instant) ECN or STP...
Thank You for your addition #tradesimply.
IC markets has been on my radar for quite some time now but their KYC requirements we're strenuous and unfruitful. I will try again since you have recommended it.

Thank You
-Gates
  • #4
  • Edited Sep 1, 2018 4:40am Aug 31, 2018 1:12pm | Edited Sep 1, 2018 4:40am
Experienced broker can help a foreign currency exchange trader by giving expert assistance in the light of its experience. It is not a surprising fact that in the current time, broker can act as both a medium and expert support for its clientele. Thereby as a naïve trader, I have chosen to work with a regulated, reliable and recognized broker, CIBfx which has good experience of operating brokerage house services. It is ensuring me free education through trading lessons and webinars, free charting and market analysis along with 24/5 expert assistance in strategy selection and problem solving.
  • #5
  • Aug 31, 2018 1:28pm Aug 31, 2018 1:28pm
I'm very happy with Pepperstone
  • #6
  • Aug 31, 2018 1:37pm Aug 31, 2018 1:37pm
Quoting SandroFlora
Experienced broker can help a foreign currency exchange trader by giving expert assistance in the light of its experience. It is not a surprising fact that in the current time, broker can act as both a medium and expert support for its clientele. Thereby if you are a naïve trader you should try to work with a regulated, reliable and recognized broker which has good experience of operating brokerage house services.
Thanks for this. You have given me 80% of what I need. The remaining 20% will be examples of such brokers with the qualities mentioned above. I want to hear from the PROS.
  • #7
  • Aug 31, 2018 1:40pm Aug 31, 2018 1:40pm
Quoting Upwave
I'm very happy with Pepperstone
I've heard good things about them as well. I will research into them. You could save me the stress by telling me if they have the qualities I mentioned above though. That will be highly appreciated.
  • #8
  • Aug 31, 2018 1:52pm Aug 31, 2018 1:52pm
Quoting Gates01
{quote} I've heard good things about them as well. I will research into them. You could save me the stress by telling me if they have the qualities I mentioned above though. That will be highly appreciated.
No, i don't believe you will find any regulated broker offering this because the source of the money is required which you have to proof with bank statements.
  • #9
  • Aug 31, 2018 1:56pm Aug 31, 2018 1:56pm
Quoting Gates01
Hello guys, good morning/afternoon/evening. Gates here. I am new on this forum, yet it already feels like I've been here for a very long time. I like the discussions and the profess traders here. I have a question though, I want to finally go live in forex trading. I need a good broker that has good spreads(must not be the best) , Active customer service, supports crypto currencies as both trading instruments and funding method(optional), high reputation, fast withdrawal, ECN or STP, and has a good mt4 platform that works well with indicators and...
These are the features I am talking about #Upwave.
I have no problem providing them my bank statement and other docs they might need. I just want to know how easy it is to work with them.
Thanks.
  • #10
  • Aug 31, 2018 2:04pm Aug 31, 2018 2:04pm
Quoting Gates01
{quote} These are the features I am talking about #Upwave. I have no problem providing them my bank statement and other docs they might need. I just want to know how easy it is to work with them. Thanks.
As i told you, i am very happy. I choose them for a good reason. Everything goes fast and easy and they fulfill your points.
You said "crypto currencies as both trading instruments and funding method(optional)" that's why i said i believe you won't find any regulated broker offering this. With cryptos you can't offer them any significant source of money. Regulated brokers want bank statements of the money leaving your account for every deposit.
  • #11
  • Sep 1, 2018 2:43am Sep 1, 2018 2:43am
Oh I forgot to mention, IC also accepts broker-to-broker deposits. This saves you the time and hassle of moving funds via your bank account if you are just switching brokers.

Not sure if you already have an account somewhere else as you say you're looking to go live, but thought I'd mention it.

Good luck! :-)
  • #12
  • Sep 1, 2018 6:34am Sep 1, 2018 6:34am
Quoting Upwave
{quote} As i told you, i am very happy. I choose them for a good reason. Everything goes fast and easy and they fulfill your points. You said "crypto currencies as both trading instruments and funding method(optional)" that's why i said i believe you won't find any regulated broker offering this. With cryptos you can't offer them any significant source of money. Regulated brokers want bank statements of the money leaving your account for every deposit.
Okay, now I understand fully. I will surely check them out. They don't have to accept cryptocurrencies though.. But trading them as a pair with other major currencies, say USD.
If they offer , then it's definitely good for me.
  • #13
  • Sep 1, 2018 6:35am Sep 1, 2018 6:35am
Quoting tradesimply
Oh I forgot to mention, IC also accepts broker-to-broker deposits. This saves you the time and hassle of moving funds via your bank account if you are just switching brokers. Not sure if you already have an account somewhere else as you say you're looking to go live, but thought I'd mention it. Good luck! :-)
You've been really helpful Sir. I appreciate.
  • #14
  • Sep 1, 2018 6:37am Sep 1, 2018 6:37am
Quoting tradesimply
Oh I forgot to mention, IC also accepts broker-to-broker deposits. This saves you the time and hassle of moving funds via your bank account if you are just switching brokers. Not sure if you already have an account somewhere else as you say you're looking to go live, but thought I'd mention it. Good luck! :-)
Do you have links to any channel here on FF where I can boost my Forex knowledge? I have found a few strategies that interests me, but I will like to expand my knowledge more. I for one have come to love the S&D strategy, but I feel the need to broaden my knowledge.

Thank You.
  • #15
  • Sep 2, 2018 9:56am Sep 2, 2018 9:56am
Quoting Gates01
{quote} Do you have links to any channel here on FF where I can boost my Forex knowledge? I have found a few strategies that interests me, but I will like to expand my knowledge more. I for one have come to love the S&D strategy, but I feel the need to broaden my knowledge. Thank You.
For what it's worth, I would advise you to stick to the strategy you like the most, tweak it a bit to make it your own, add your own rules for entry and exit and them delve into the money management and trade psychology side of things. These last 2 are the most important factors in any trader's success imho.
  • #16
  • Sep 2, 2018 10:49am Sep 2, 2018 10:49am
Quoting tradesimply
{quote} For what it's worth, I would advise you to stick to the strategy you like the most, tweak it a bit to make it your own, add your own rules for entry and exit and them delve into the money management and trade psychology side of things. These last 2 are the most important factors in any trader's success imho.
Thank you very much.
You will make a good mentor. Have a thread?
I'll like to subscribe
  • #17
  • Sep 2, 2018 3:56pm Sep 2, 2018 3:56pm
Quoting Gates01
{quote} Thank you very much. You will make a good mentor. Have a thread? I'll like to subscribe
That's kind of you to say so Gates.

No I don't have a thread, but if I ever do, I'll let you know

Happy trading

TS
  • #18
  • Sep 3, 2018 2:45pm Sep 3, 2018 2:45pm
Hope all's good Gates!

Check out this great article by Linda Raschke:

https://docplayer.net/52100216-Zoom-...t-from-it.html
  • #19
  • Sep 7, 2018 7:48am Sep 7, 2018 7:48am
I have been with ActivTrades for a while and I am pleased with their services. I think they cover all your needs.
  • #20
  • Sep 7, 2018 8:43am Sep 7, 2018 8:43am
Quoting dianajs
I have been with ActivTrades for a while and I am pleased with their services. I think they cover all your needs.
Okay thanks for your help. Albeit, I have not heard of them before. But I will check them out.
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