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Best Broker?

  • #481
  • Jan 5, 2021 7:25am Jan 5, 2021 7:25am
if a broker doesn't have liquidity di I have to be scared of something?
  • #482
  • Jan 5, 2021 8:13am Jan 5, 2021 8:13am
Quoting thekla
if a broker doesn't have liquidity di I have to be scared of something?
Maybe high spreads, but Im just a noob.
  • #483
  • Jan 5, 2021 8:30am Jan 5, 2021 8:30am
Quoting BataviaTrade
{quote} Maybe high spreads, but Im just a noob.
what do you believe I have to choose and notice from all of them?
  • #484
  • Jan 6, 2021 8:47am Jan 6, 2021 8:47am
I want to share my experience and request for advice.

On December 20 I withdraw $5,000 USD from my Oanda account (have never withdrawn from them in the past and I've been using their platform for more than 10 years) since I needed this money for christmas.

They split the withdrawal amount of $5,000 in 19 transactions, each of a different amount, and marked all of them as "completed". To this day "January 6" I have just received 5 of those 19 transactions, for the total amount of $350 ($4,650 are still missing)

For this "slight delay" (as they called it) I had to request a loan that now I'm trying to pay.

I'm trying to work this, but Oanda has stopped returning my emails since 5 days ago. My bank already checked their system and they don't see any additional/pending transactions from Oanda.

This is starting to feel like a fraud. A case was already filed with the NFA to investigate.

Have any of you experienced this? How did you fix this issue?
  • #485
  • Jan 7, 2021 6:46am Jan 7, 2021 6:46am
Hard to choose between turnkeyforex and fxchoice, both are good and offer good spread and commission to me.
  • #486
  • Jan 7, 2021 9:19am Jan 7, 2021 9:19am
I currently trade with FP Markets and the main advantage compared to other brokers is the number of instruments available to Trade, they have over 10000 different products.

Since I mostly trade forex with them, the spreads and commission offered are some of the lowest I have seen so far.
  • #487
  • Jan 9, 2021 4:30am Jan 9, 2021 4:30am
I live in the UK and have been trading on demo for quite along time and have settled on and trading discipline which seems to be profitable and should this continue to make cash I would like to start live trading in February.
Can any experienced live trader recommend a reliable Broker who offers a MT4 platform which includes XAU/USD chart
My demo is with AXI and although this is a well recommended provider and has all the elements I require their platform closes down for extended periods which makes it unsuitable for my trading style
Many thanks
  • #488
  • Jan 10, 2021 3:30pm Jan 10, 2021 3:30pm
Quoting Wulfgar
back in the day I got some pretty darn good advice on picking a broker. Ill share it here Picking a broker is not easy, and most retail traders only spend a few minutes picking one, mostly based on glossy advertising or 1000:1 leverage. Do your due dilligence, this link is a good start: https://www.cftc.gov/sites/default/f...ber%202020.pdf If the broker you are thinking about does not list its capital with the CFTC, would you really want to deposit your funds with them? Check with the...
Hey Wulfgar. Im just starting in the trading world and Im doing a lot of research. The real scary thing for me its not the trading part but the broker part you know? Im super afraid of doing good with my strategies but being unable to get my money out of the broker. How do the big players deal with that? Imagine having 1M USD in a trading account and not being able to take it out because of some broker bs.

Thank you for the info you shared. It will surely be helpful in my search of a good broker. Can I ask with what broker you work with? And also what are your thoughts on having large ammounts of money with a broker. Even if its a good broker, is it safe to have good money with them?

Also you talked about the big regulators. There are a lof of them but, in your opinion, what regulators should someone look for when researching a broker?
  • #489
  • Jan 10, 2021 8:28pm Jan 10, 2021 8:28pm
Quoting havo
{quote} I use Activtrades and it checks all the points you mentioned, very good execution, no freezing, no crazy slippage (even in news) and thats with a shitty internet connection; and yes i withdraw money every 15 days aprox. Its a Reliable broker, no problems whatsover 100% recomended btw when i was still a noob i was thinkking about FXCM; opened a DEMO account and it was the worst experience i had with a broker; i made the mistake to let them know my "posibly" open amount and it was constant calling non stop !! very annoying
Dude, finding a broker is driving me crazy. So far this is the best broker I´ve found but I would like to know your opionion on it as of 2021. Are you still with them?
Also, can I make you a question? I hear a lot about regulated brokers but how can regulations help a person from a different country. For example, I´m from Mexico. So how can a FCA help me if anything worng happens?
  • #490
  • Edited 9:18pm Jan 10, 2021 9:08pm | Edited 9:18pm
Attached Image (click to enlarge)
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- https://tradertom.com/the-best-cfd-broker-in-the-world/

- https://tradertom.com/blog/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #491
  • Jan 10, 2021 11:33pm Jan 10, 2021 11:33pm
Hey guys. apparently I cannot create new threads since Im new at the forum but I have a question about broker regulators... If I live in Mexico and use a broker regulated by FCA, does that still "protects" me? or regulators only protect their own citizens. How does that work in general terms?
Thanks a lot
  • #492
  • Edited 7:49am Jan 11, 2021 12:22am | Edited 7:49am
Quoting morpheus94
Hey guys. apparently I cannot create new threads since Im new at the forum but I have a question about broker regulators... If I live in Mexico and use a broker regulated by FCA, does that still "protects" me? or regulators only protect their own citizens. How does that work in general terms? Thanks a lot
phylo: Does the FSCS 50,000 (£) investment compensation cover non UK citizens trading through UK FCA regulated brokers.
Warren - FSCS: Yes. All clients of UK regulated brokers are covered. - https://www.forexfactory.com/thread/...60#post8528060

For a more definitive answer contact UK FSCS directly - Contact us | FSCS

Compensation is via UK FSCS and not UK FCA, as many believe. - https://www.forexfactory.com/thread/...71#post9683871

- https://www.forexfactory.com/thread/...6#post13105446
- https://www.forexfactory.com/thread/...1#post12928511
- https://www.forexfactory.com/thread/...8#post12524048

- https://www.forexfactory.com/thread/...-fx-ecn-broker
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #493
  • Jan 12, 2021 9:30am Jan 12, 2021 9:30am
There is no best broker, every broker has its advantage; for example, I recently started trading with FP Market and compared to other brokers, the spreads and commission cost are lower and reliable in FP Markets.
  • #494
  • Jan 14, 2021 8:05pm Jan 14, 2021 8:05pm
I think the best broker is one who has a low spread and has good customer support. But some brokers lack customer support and also very slow in giving withdrawals. So always choose a broker with good qualities.
  • #495
  • Jan 15, 2021 2:48am Jan 15, 2021 2:48am
Quoting Awasim
I think the best broker is one who has a low spread and has good customer support. But some brokers lack customer support and also very slow in giving withdrawals. So always choose a broker with good qualities.
Hard to find. Why? Brokers want to make money, just like you. Also, customer support officers needs salaries. Overhead like office space costs money. You should not be trading forex thinking you get best customer support and lowest spreads in the world. Therefor, traders should be calculate tradings costs as a factor in their profits. Only sun comes up for free.
  • #496
  • Jan 15, 2021 6:22am Jan 15, 2021 6:22am
fpmarkets, globalprime, axitrader, dukascopy, admiral markets, tickmill, fxpro and so on. All of these are reliable brokers, no need to worry about anything if you know what are you doing.
  • #497
  • Jan 17, 2021 8:21pm Jan 17, 2021 8:21pm
Quoting fuadik88
fpmarkets, globalprime, axitrader, dukascopy, admiral markets, tickmill, fxpro and so on. All of these are reliable brokers, no need to worry about anything if you know what are you doing.
Great list of brokers, we can choose one of them and start earning.
  • #498
  • Jan 18, 2021 9:51am Jan 18, 2021 9:51am
I prefer AAAFX and Just2Trade.
Both brokers have negative balance protection. Important for traders. Check your broker or ask.

IG Markets has guaranteed stop loss. Also nice.

Have I forgotten a broker with negative balance protection?
  • #499
  • Feb 4, 2021 12:16am Feb 4, 2021 12:16am
Quoting fuadik88
fpmarkets, globalprime, axitrader, dukascopy, admiral markets, tickmill, fxpro and so on. All of these are reliable brokers, no need to worry about anything if you know what are you doing.
yeah, I have some time researching brokers and some of your list have come to my attention too, specially admiral markets, which furtunately falls under FCA regulation. I think Im gonna try with them.

Let's not forget that having all the eggs in one basket means a high risk by itself, so the best option is to work with 2 - 3 brokers I think, and keep an eye on them.

Global prime seemed promising too but since its australian and Im not, I cannot benefit from the AFSL regulation.

Gonna research a little more on the others on your list. So thanks for that.
  • #500
  • Feb 7, 2021 9:35am Feb 7, 2021 9:35am
Quoting The Fool
{quote}Good to see you still kickin. I have not found a broker where I don't have at least some problems trying to trade lots of options. I mean, when you are going in/out of spreads on many (dozens?) of positions. Some of the big-name "discount" brokers have been the worst. Some of the worst sh^t is their software re-stacking the spread legs so as to (so they say) "optimize your margin allocation". F^ck that. Anyway, hope all is well, Merry Christmas, Peace.

IB is the only retail one worth a S***. Unless you can wiggle your way into a PM somehow youre basically going to always be ice skating uphill
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