please suggest a good forex broker | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Suggest a good FX broker in India with local deposit 1 reply

Can anyone suggest a good and honest ECN broker? 14 replies

Suggest to me a broker Please! 26 replies

Suggest me a good EA please.. 26 replies

Please recommend a good Forex Options broker 2 replies

please suggest a good forex broker

  • #1
  • First Post: Aug 22, 2016 6:27am Aug 22, 2016 6:27am
hi
i m from India can any one suggest a good Forex broker.
imp:broker must have E-currency as deposit withdraw option.
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #2
  • Aug 22, 2016 8:50am Aug 22, 2016 8:50am
tradersway
Trade in the now
  • #3
  • Aug 22, 2016 8:55am Aug 22, 2016 8:55am
Hello, I recommend First Rate FX. They are really good and I always use them.
  • #4
  • Aug 22, 2016 10:46am Aug 22, 2016 10:46am
I recomend you FXCM
  • #5
  • Aug 22, 2016 1:32pm Aug 22, 2016 1:32pm
Quoting fasttrade1
hi i m from India can any one suggest a good Forex broker. imp:broker must have E-currency as deposit withdraw option.

IC Markets and Pepperstone
  • #6
  • Aug 26, 2016 3:11pm Aug 26, 2016 3:11pm
I would personally go with UK FCA regulated brokers only as you will at least get your money back if something happens.
  • #7
  • Aug 27, 2016 2:02am Aug 27, 2016 2:02am
Quoting BlackPip
I would personally go with UK FCA regulated brokers only as you will at least get your money back if something happens.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #8
  • Aug 27, 2016 5:48am Aug 27, 2016 5:48am
Quoting fasttrade1
hi i m from India can any one suggest a good Forex broker. imp:broker must have E-currency as deposit withdraw option.
If withdrawal comes first, then go with Interactive Brokers.
  • #9
  • Aug 27, 2016 8:50am Aug 27, 2016 8:50am
Quoting sahamv
{quote} If withdrawal comes first, then go with Interactive Brokers.
Agree, Interactive Brokers is good. I would skip Australian brokers as if the broker goes bust then as there is no guarantee fund in Australia you will not get back a cent.
  • #10
  • Aug 27, 2016 7:40pm Aug 27, 2016 7:40pm
I've been trading FX on and off since 2003. Fast forward to 2016 and you can say I'm now a trading guru consistently making +/- 800% per month (not news trading). The problem is all brokers I've signed up with refuse to pay such large gains and do a combination of deleting orders, closing accounts, etc since they are mostly market makers looking to gain all of your losses. If you win as it is in my case, it comes out of their pocket so this is something they don't want.

Despite my high skill level in trading forex I've been thinking about quitting forex since all brokers seem to be after your deposits rather than making money from commissions. Before I leave this game for good, I also wanted to know if there are any real brokers out there that can be trusted to pay large and consistent winnings (in the millions) month to month without playing any games.

But for those of you just getting started or still struggling to be profitable on demo, cut your losses short and move on, forex is not for you. Get vocational training (plumber/electrician/barber/programmer etc) instead and make guaranteed money day in and day out.
  • #11
  • Edited Aug 28, 2016 8:10am Aug 27, 2016 7:52pm | Edited Aug 28, 2016 8:10am
LMax, period. Min. deposit is 10,000$ which is larger than the rest of retail brokers, but they're the only professional broker I can think of that will let a retail trader play it fair on their platform and withdraw profits smoothly...Avoid any broker starting it's name with 'FX' like FXDD or FXCM...etc
Simplicity is the key to brilliance.
  • #12
  • Aug 29, 2016 12:55am Aug 29, 2016 12:55am
thank to all....
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #13
  • Aug 29, 2016 1:45am Aug 29, 2016 1:45am
Quoting Inceptionist
LMax, period. Min. deposit is 10,000$ which is larger than the rest of retail brokers, but they're the only professional broker I can think of that will let a retail trader play it fair on their platform and withdraw profits smoothly...Avoid any broker starting it's name with 'FX' like FXDD or FXCM...etc
Are you joking? Word on the street is that LMAX is really struggling. Spreads are wider than they used to be, less liquidity in the book and they have not yet published their annual report showing what happened with SNB. Don't forget also that these guys switch off their price feed during economic data releases.
  • #14
  • Aug 29, 2016 3:18am Aug 29, 2016 3:18am
They don't switch off their Price-feed. Is that also "word on the street" ?
  • #15
  • Aug 30, 2016 6:59pm Aug 30, 2016 6:59pm
Quoting BlackPip
{quote} Are you joking? Word on the street is that LMAX is really struggling. Spreads are wider than they used to be, less liquidity in the book and they have not yet published their annual report showing what happened with SNB. Don't forget also that these guys switch off their price feed during economic data releases.
No, I'm not..I just said they're the best retail broker, not the best broker in the world!! Personally, I don't believe in retail brokers. If you're gonna try them, get LMAX Institutional accounts, I believe you can't do that as a retail client, but if you have a small company registered under your name in a european country, You can use them as prime of prime...Execution is different with institutional clients..It's way better.
Simplicity is the key to brilliance.
  • #16
  • Aug 30, 2016 8:20pm Aug 30, 2016 8:20pm
Quoting gtron
I've been trading FX on and off since 2003. Fast forward to 2016 and you can say I'm now a trading guru consistently making +/- 800% per month (not news trading). The problem is all brokers I've signed up with refuse to pay such large gains and do a combination of deleting orders, closing accounts, etc since they are mostly market makers looking to gain all of your losses. If you win as it is in my case, it comes out of their pocket so this is something they don't want. Despite my high skill level in trading forex I've been thinking about quitting...
I am going to say something here that probably lurks in your subconscious. Or you may not even have called it out for what it is.
Do you REALLY think it is ONLY about the money ?
If THAT is the case, I can graduate from some trade school (been there done that) and get a solid employment and work up the earning ladder.

But my dear fellow it is NOT about that.
It is the same reason why men and women try to conquer the Everest even though 1 in 4 do not come back from that expedition.
THINK about it.

You may have reached a "guru" status. But you will never be a guru if you are not willing to find your students.
May be, you can start your teaching here. I assure you it will be greatly appreciated.
And if this does not sound like a good idea, then there should be no further discussion or opinions from you.
Let us travel the road and discover what is there to discover.

Cheerio
Live life king size !
  • #17
  • Sep 2, 2016 4:33am Sep 2, 2016 4:33am
I think if one should suggest a broker for you here, the list would be endless since there are good brokers out there with good services.
What I would advice any looking for a suitable broker is what to look for in a broker, and then you can check broker review sites to see any that match your desire;
Check for registration:
Before choosing a broker, make sure they are registered in the country and Island where their head office is located.
Check for deposit and withdrawal mechanism:
Another thing you will need to do before choosing a forex broker is to verify their mechanism of deposit and withdrawal. A good broker should allow you to deposit and withdraw money from your account any time you want.
Commission charged:
Apart from the initial deposit, you will also need to check the commission that the broker charges on every single trade before you get into business with them. Brokerage firms usually get profit from those commissions.
You do more research online
  • #18
  • Jan 27, 2019 3:54pm Jan 27, 2019 3:54pm
The never ending discussion. Either the system doesn't work or it has to be manipulated in some way.
  • #19
  • Jan 27, 2019 5:37pm Jan 27, 2019 5:37pm
Quoting gtron
I've been trading FX on and off since 2003. Fast forward to 2016 and you can say I'm now a trading guru consistently making +/- 800% per month
So you could be a billionaire in a year, but decided to quit instead, if you dont get help from an online forum ?
  • #20
  • Feb 3, 2019 9:04pm Feb 3, 2019 9:04pm
Quoting gtron
I've been trading FX on and off since 2003. Fast forward to 2016 and you can say I'm now a trading guru consistently making +/- 800% per month (not news trading). The problem is all brokers I've signed up with refuse to pay such large gains and do a combination of deleting orders, closing accounts, etc since they are mostly market makers looking to gain all of your losses. If you win as it is in my case, it comes out of their pocket so this is something they don't want. Despite my high skill level in trading forex I've been thinking about quitting...
why not trading futures or stocks instead?
and most important... is all fx brokers do what did u mention?
0 traders viewing now