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Looking for a broker!

  • #1
  • First Post: Sep 17, 2020 6:41am Sep 17, 2020 6:41am
I want to switch my primary broker. I already have 2 accounts. Want to switch to a new one, since slippage issues are giving me a headache. (Ps- Don't ask me the name, i don't want to leave a bad review). Do let me know the ones you are using atm. Thanks.
  • #2
  • Sep 17, 2020 7:17am Sep 17, 2020 7:17am
for what kind of strategy? if you have problem with slippage I suppose you trade with tight stop loss. with raw account from ic markets i didnt have any problem yet(half year). But be aware of commission, with tight stop loss commission can build up your loss for 20%
patience, patience, patience and after that more patience
  • #4
  • Sep 18, 2020 11:14am Sep 18, 2020 11:14am
Quoting vanca
...But be aware of commission, with tight stop loss commission can build up your loss for 20%
Do you mean, by setting a tight stop-loss, the commission is increased by broker? Sorry I don't get your point. Can you elaborate? Thanks and best regards!

BT
  • #5
  • Sep 18, 2020 2:51pm Sep 18, 2020 2:51pm
Quoting BataviaTrade
{quote} Do you mean, by setting a tight stop-loss, the commission is increased by broker? Sorry I don't get your point. Can you elaborate? Thanks and best regards! BT
According to calculation of position size, your lot size are getting bigger while stop-loss gets tighter. Big lot size cause big commission, and also tight stop-loss can easily get hit by quick strong movements right before session (mostly new york) openings, during session's first minutes etc.
  • #6
  • Sep 21, 2020 4:03am Sep 21, 2020 4:03am
Quoting BataviaTrade
{quote} Do you mean, by setting a tight stop-loss, the commission is increased by broker? Sorry I don't get your point. Can you elaborate? Thanks and best regards! BT
I also don't think that any such happens while setting up tight stop losses.
  • #7
  • Sep 30, 2020 3:10am Sep 30, 2020 3:10am
May I know what exactly you are looking in a broker? What conditions do you consider while choosing a broker for you?
  • #8
  • Oct 1, 2020 8:52am Oct 1, 2020 8:52am
I use Pepperstone and it is very good. I never had any problem with it.
  • #9
  • Oct 1, 2020 12:51pm Oct 1, 2020 12:51pm
Quoting Andreas11
I want to switch my primary broker. I already have 2 accounts. Want to switch to a new one, since slippage issues are giving me a headache. (Ps- Don't ask me the name, i don't want to leave a bad review). Do let me know the ones you are using atm. Thanks.
Has anyone had any dealings with a broker called Commerce Wealth? Any info greatly appreciated
  • #13
  • Oct 3, 2020 3:38am Oct 3, 2020 3:38am
Quoting Andreas11
I want to switch my primary broker. I already have 2 accounts. Want to switch to a new one, since slippage issues are giving me a headache. (Ps- Don't ask me the name, i don't want to leave a bad review). Do let me know the ones you are using atm. Thanks.
IB, Tickmill Hotforex. Although it took me some time and money to discover a trading edge with these brokers. Brokers do differ but their differences are subtle!
  • #14
  • Oct 3, 2020 4:42am Oct 3, 2020 4:42am
Quoting Gracewilson
May I know what exactly you are looking in a broker? What conditions do you consider while choosing a broker for you?
FCA, Cysec brokers for me, scalping with small catch, preferably very low spreads with least slippage, and yes staying out of bugs/problems. what's your recommendation?
  • #16
  • Oct 3, 2020 7:05am Oct 3, 2020 7:05am
I'm using Icmarkets (https://www.icmarkets.com/?camp=26415). A reliable broker who pays me always and haven't had any problems with them. Recommended!
  • #17
  • Oct 4, 2020 5:18am Oct 4, 2020 5:18am
You can try FBS (https://fbs.com/?ppu=3215881). There are a number of advantages like high leverage, low spreads, good customer service.
Risk Management is of utmost importance!
  • #18
  • Oct 5, 2020 5:28am Oct 5, 2020 5:28am
Quoting Gracewilson
Hidden
Mine was done within a couple of hours. which is fast i must say.
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