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Best Broker?

Quoting Saxio
{quote} BEST broker for everything, 1 of the biggest AND cheapest in the world
About FX with Interactive Brokers: As a consequence of Brexit, my Interactive Brokers account was transfered from UK to Ireland. In the move I lost the ability to trade spot forex. Futures and CFDs are still OK. Interactive Brokers claims the prohibition is a Mifid II consequence and aims to avoid "currency leverage"...
Anybody - residing in the Eurozone - in my situation?
Other similar experience with a broker dealing from the Eurozone?
At last, which would be the "BEST" FX broker as a replacement?
  • Post #522
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  • Edited Apr 29, 2021 7:16am Apr 28, 2021 3:25pm | Edited Apr 29, 2021 7:16am
Quoting Giusto
{quote} About FX with Interactive Brokers: As a consequence of Brexit, my Interactive Brokers account was transfered from UK to Ireland. In the move I lost the ability to trade spot forex. Futures and CFDs are still OK. Interactive Brokers claims the prohibition is a Mifid II consequence and aims to avoid "currency leverage"... Anybody - residing in the Eurozone - in my situation? Other similar experience with a broker dealing from the Eurozone? At last, which would be the "BEST" FX broker as a replacement?

what country are you located ?

check out Darwinex or ampglobal(uses LMAX liquidity) or LMAX exchange
Because of Brexit, Interactive Brokers broke up into 2 Eurozones (Luxembourg and Ireland to which I belong) and one Eastern Europe entity. Each one has its set of rules, but as far as I know there is no more Forex spot trading with this broker if you are a Eurozone or Eastern Europe resident.
A pity because for us Eurozoners: it is not anymore a universal broker.
Thanks for the tips I'll check it out.
Thx as well.
BTW if Interactive Brokers Ireland (IBIE) does not offer spot FX trading anymore it seems to be because of regulatory issues proper to the Eurozone. No clue on future improvements or statu quo.
Quoting falax2016b
It has turned out for me on many occasions that a Broker may be good on one side and be terrible on the other, say like mode of withdrawal. How do I draw the line here without necessary being tossed here and there
From my exp, a reliable broker always show out their integrity like there are a lot of profitable traders and they should have many years in the industry without trading against traders. Some traders could feel terrible with a broker but that should be minority, just google before funding to any broker.
Quoting Butterscotch
LMFX offers a comprehensive range of mobile and desktop MT4 platforms. The broker does offer trading competitions, where clients can trade to win prizes, and offers a high leverage. An inactivity fee or currency conversion cost was not listed. The overall pricing environment is not very competitive but neither is it excessive, placing this broker in the middle of the pack compared to all online brokers.
yes this i have to agree with they are a safe good choice for any US based trader who are looking to trade higher leverage up tp 1:1000
Quoting hoangforex
Exness and hotforex are quite fast withdrawal brokers.
Both are good brokers and I have account in both and thay are fast in withdrawl and have good customer support.
speaking of leverage, even if brokers offer 1:1000 I still would suggest to keep your leverage low, things can get ugly really quick
Quoting jiggz
speaking of leverage, even if brokers offer 1:1000 I still would suggest to keep your leverage low, things can get ugly really quick
You're confusing leverage with trade size. Leverage on its own is not risky. Without leverage you're going to get margin-called very quickly even just trading micro lots. But just because you have high leverage does not mean you need to use it all and blow out your account on a single 10 lot trade like a maniac.
Always pay attention to a broker who has already gained a certain reputation in this market.
does anybody know when will the volatility in the Spot forex will pick up? From the start of the year till now there is no volatility in the the spot forex market on intraday timeframes or for scalping. Pairs like EUR/USD, GBP/USD AND USD/CHF just don't move throughout the whole session. Btw I'm a newbie.
I believe that the best broker is an offshore broker.
leverage 1: 500 is great
Hello, how are you, and have a nice day, please. I want your evaluation of these companies, as I am confused between them (Acy Securities) / (pepperston) / (Icmarkets) / (ThinkMarkets) I hope for help and thank you
Hi guys
I apologies for my bad english
Is here anybody who knows about some broker where you can for example go long with 1575 € and not only with pre difinite quantity, like 0.01 lots and then 0.02 lots (1000 € and then 2000€ or 1/10 of some index then 2/10)
it is very important to me to be able trade any quantity, it does not mater if it is forex, indexiec, stocks...
Thanks
Quoting Omri55
Hello, how are you, and have a nice day, please. I want your evaluation of these companies, as I am confused between them (Acy Securities) / (pepperston) / (Icmarkets) / (ThinkMarkets) I hope for help and thank you
Depends on your type of trading, which instruments you trade, and regulation available where you are located...
For an overall comparison you can use FF Brokers tab > https://www.forexfactory.com/brokers
Personally I've tried different brokers (as most of the traders!) and from the ones you mentioned, I would recommend IC Markets.
Been trading with them for quite some years and is a trusted broker indeed.
Just an opinion, hope it helps on your search!
Regards from UK, Glover
Quoting Omri55
Hello, how are you, and have a nice day, please. I want your evaluation of these companies, as I am confused between them (Acy Securities) / (pepperston) / (Icmarkets) / (ThinkMarkets) I hope for help and thank you
Hey Omri! Why are you only evaluating those 4 brokers? Where do you live? I mean, what regulation applies in your country?
ICM has the best spreads on major pairs, is that's your trade. But you should take in account all your needs!
Saludos, SM.
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Quoting LeslieValen
I'm a newbie here. I would like to start forex trading. And this time I need someone [forex broker] who is reliable and professional. Can you please help me here? Thank you so much!
Forextime (fxtm) is a great broker with low spreads. for ex- the average spread on the Eur/usd is 0.3 pips and on Gbp/usd is 0.5 and also there order execution is great with no unnecessary slippage and there's no stop loss hunting. I've been trading on their platform for 2 years. Also, there customer support is good too. No problem so far.
Hey guys, I am a newbie in trading... IDK about brokers.. which one is the best for beginning?
Trading costs have a very strong effect on the expectation of trading, but also choose a broker who sends limit orders to liquidity providers as limit orders and not market orders, that is, without negative slippage, remember about it, friends.
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