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Looking for a better broker

  • #1
  • First Post: Mar 8, 2019 6:53am Mar 8, 2019 6:53am
dear friends traders. Can I know which broker is better? I speak fairly big deposit. because FBS broker seems unreliable ... I have to withdraw money quite high and always blocks me. I trust FBS very little. and you?
thank you and greetings
  • #2
  • Mar 8, 2019 4:09pm Mar 8, 2019 4:09pm
You can look for another then, so many reliable forex review sites out there. I can not really pin point one for you but can give advise on what you can watch out for.
One thing most traders neglect is going through the terms and conditions of the broker they consider, you can see a lot there. For instance, the issue you've been having with that your old broker can be averted from the beginning if you went through their terms.
  • #3
  • Mar 9, 2019 6:47am Mar 9, 2019 6:47am
Quoting mps
dear friends traders. Can I know which broker is better? I speak fairly big deposit. because FBS broker seems unreliable ... I have to withdraw money quite high and always blocks me. I trust FBS very little. and you? thank you and greetings
Dear Bro,

You can look at this FPA review about Brokers. Very helpful.

https://www.forexpeacearmy.com/forex.../forex-brokers

Do not forget this:
1. Look for good ECN account
2. Pick the regulated brokers with very harsh Regulator like ASIC, FSA, or CFTC/NFA
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #4
  • Mar 10, 2019 1:40pm Mar 10, 2019 1:40pm
Do a Facebook/Google search to see the brokers people are recommending. Skip the posts with links in them for obvious reasons.....
  • #5
  • Mar 11, 2019 12:59am Mar 11, 2019 12:59am
Quoting mps
dear friends traders. Can I know which broker is better? I speak fairly big deposit. because FBS broker seems unreliable ... I have to withdraw money quite high and always blocks me. I trust FBS very little. and you? thank you and greetings
LMAX
  • #6
  • Mar 14, 2019 1:09am Mar 14, 2019 1:09am
Saxo Bank VIP account....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #7
  • Mar 14, 2019 5:27pm Mar 14, 2019 5:27pm
Quoting grandaevus
{quote} LMAX
Heard this guys are pretty fair and transparent with their services, and if this is true then it's a good broker. I value nothing more that when a broker is transparent and reliable.
  • #8
  • Mar 15, 2019 11:52am Mar 15, 2019 11:52am
Here the website contains a lot of useful information about brokers.

https://www.forexbrokers.com/
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #9
  • Mar 24, 2019 1:40pm Mar 24, 2019 1:40pm
Quoting mps
dear friends traders. Can I know which broker is better? I speak fairly big deposit. because FBS broker seems unreliable ... I have to withdraw money quite high and always blocks me. I trust FBS very little. and you? thank you and greetings
So who did you finally choose?
  • #10
  • Jun 13, 2019 10:08am Jun 13, 2019 10:08am
Hello Treeny, from my side I could recommend you FBS, lately it's been growing a lot and their promotions are pretty good as well, they rely mainly on simplicity and help for newbies and veterans. What I find more useful it's their wide range of CFDs, currencies and indexes, with relatively low spreads and their 100 bonus it's pretty tasty as well.
  • #11
  • Jun 13, 2019 5:12pm Jun 13, 2019 5:12pm
Fbs It slides a lot at the time of fundamental news,, someone recommends a broker that does not slide?
  • #12
  • May 16, 2020 4:29am May 16, 2020 4:29am
for me fbs is a bad broker, because their pricing policy is very unfair to the trader and has a lot of costs, but they don't rob money. You can choose ICMarkets or FPmarkets. I see these two brokers have ASIC license and low spread
  • #13
  • May 16, 2020 5:31am May 16, 2020 5:31am
Quoting mps
dear friends traders. Can I know which broker is better? I speak fairly big deposit. because FBS broker seems unreliable ... I have to withdraw money quite high and always blocks me. I trust FBS very little. and you? thank you and greetings
Hi! I have to clarify your issues. If you deposit your money using a card (or credit card) then FBS will return your deposit first. So if you have deposited 3 times capital of the amount $100, $150, $120 then you will get back an amount that equals your deposit from your card (in as many withdrawals as deposits). Once you have got back the money you deposited, you will be able to withdraw any other sum using online electronic payments.
Risk Management is of utmost importance!
  • #14
  • May 16, 2020 6:10am May 16, 2020 6:10am
Noobie question here...

I am located in Indonesia and my brokerage firm charges me $30 for each lot traded ($1000), so that means $15 for opening a trade and $15 for closing the trade.

Is this figure expensive or reasonable?
  • #15
  • May 16, 2020 11:55am May 16, 2020 11:55am
Quoting vintageblue
Noobie question here... I am located in Indonesia and my brokerage firm charges me $30 for each lot traded ($1000), so that means $15 for opening a trade and $15 for closing the trade. Is this figure expensive or reasonable?
You need to stop trading there immediately. It is so expensive. A normal figure cost for trading on ECN Account each lot is 7 USD per round turn (RT), 3.5 for opening and 3.5 for closing.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #16
  • May 17, 2020 1:52am May 17, 2020 1:52am
Quoting vintageblue
Noobie question here... I am located in Indonesia and my brokerage firm charges me $30 for each lot traded ($1000), so that means $15 for opening a trade and $15 for closing the trade. Is this figure expensive or reasonable?
A standard lot is $100,000, I cannot understand why you wrote ($1000), that would be a micro-lot. You might want to check on this broker, FBS.
Risk Management is of utmost importance!
  • #17
  • May 18, 2020 6:01am May 18, 2020 6:01am
There are so many brokers present today in the market but its difficult to trust any random broker as its online bases transaction where chances of scam may occur. I suggest choosing a broker from reference, research for that broker in detail online, or by asking people their experience.
  • #18
  • May 19, 2020 1:41am May 19, 2020 1:41am
Quoting Butterscotch
There are so many brokers present today in the market but its difficult to trust any random broker as its online bases transaction where chances of scam may occur. I suggest choosing a broker from reference, research for that broker in detail online, or by asking people their experience.

Can't agree more! You've got to do the work,l. Check their reviews, even their critics, with that you'll know what and how to choose the best broker. P
  • #19
  • May 19, 2020 2:41am May 19, 2020 2:41am
Hi guys, I am currently using Pepperstone and they have been pretty good so far. The only issue i have at the minute is the low leverage. I trade on EUR/GBP, as this is a minor pair i only get a leverage of 1:20. Could anyone recommend a broker that has higher leverage from experience as I have noticed the advertised leverages are often different to the actual leverage I get?

Thanks
Jonny
  • #20
  • May 21, 2020 1:24am May 21, 2020 1:24am
I'm looking for a reliable broker that is preferably regulated by major providers like ASIC or FCA.My main criteria is low spreads and commissions as i am mainly a scalper.

I also want the broker to be stable even during high volatile market movements like news events.Any recommendations?
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