Best Broker? | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Comparison Table/chart - best way to choose the right broker 14 replies

Newbie: Best broker, best platform - trading off charts? 4 replies

Best analyzing tools, black boxes, best broker 4 replies

The Best Broker to become an Introducing broker for? 0 replies

Best Broker with Best Math Processor? 3 replies

Attachments: Best Broker?
Exit Attachments

Best Broker?

  • #581
  • Dec 22, 2022 3:57pm Dec 22, 2022 3:57pm
Quoting Pipologist
Best Broker based current personal experience? Considerations: 1. Most important: ease and speed of withdrawals 2. Spread/Liquidity 3. Online back office: ease of moving funds in and out of multiple trading accounts 4. overall professionalism and quality of service. 5. Withdrawals to a broker branded MasterCard/Visa cash/debit card if available. 6. Others I missed?
There is no such thing as the best brokers, they use roughly the same liquidity providers and sometimes can have good fills and sometimes bad fills on your orders, I think it is often random and you can't predict it. Just use brokers which have FCA license like Hotforex, Tickmill, Exness, which have decent client base and invest in infrastructure and development I think it's the best you can do
  • #582
  • Edited 7:52am Dec 27, 2022 3:13am | Edited 7:52am
Does anyone know this broker https://multibankfx.com ?
I have a little account with them, but I am confused. MT4 and works well. I did little withdrwals and went well. I checked on regulatory authorities and it is really regulated.

But I read reviews where many traders say that had difficulties or was impossible to withdraw. But these reviews seem also strange, there is people who double capital in 2 months, they seem fake.
I have an account manager, but if I write he doesn't answer.
If I write to general support, they quickly answer for simple questions. But if the questions is a little more difficult they simple don't answer or pass the question to the account manager who doesn't answer.
And the most important thing: they offer 0 swap on many perpetual FD (but not forex), usually with a little higher spread. This seems very strange because it should have a cost to keep positions open (but if they compensate long and short positions it is also possible to have little costs). Or do they cover these costs with gains from forex?
Untill now all went well but many strange things and I did only a withdrawal.

I have many doubts. Do you know anything about it?
  • #583
  • Jan 5, 2023 2:45am Jan 5, 2023 2:45am
Some of the people I interact with - they ask me who is the biggest broker in the forex industry?

Someone please answer this question. (Folded Hands Request)
Anirudh Singh | Institutional Trader | IIM Calcutta
  • #584
  • Jan 5, 2023 10:08am Jan 5, 2023 10:08am
Is exness is good broker?
  • #587
  • Jan 19, 2023 7:56am Jan 19, 2023 7:56am
Quoting sabbb
Does anyone know this broker https://multibankfx.com ? I have a little account with them, but I am confused. MT4 and works well. I did little withdrwals and went well. I checked on regulatory authorities and it is really regulated. But I read reviews where many traders say that had difficulties or was impossible to withdraw. But these reviews seem also strange, there is people who double capital in 2 months, they seem fake. I have an account manager, but if I write he doesn't answer. If I write to general support,...
They look good and properly regulated well you have to compare trading costs with other brokers to make a proper decision, otherwise they look legit
  • #588
  • Feb 26, 2023 11:35am Feb 26, 2023 11:35am
Quoting Pipologist
Best Broker based current personal experience? Considerations: 1. Most important: ease and speed of withdrawals 2. Spread/Liquidity 3. Online back office: ease of moving funds in and out of multiple trading accounts 4. overall professionalism and quality of service. 5. Withdrawals to a broker branded MasterCard/Visa cash/debit card if available. 6. Others I missed?
Focus exclusively on slippage (average slippage pre trade) the rest plays the secondary role. Also learn if the broker makes the market for you.
  • #589
  • Feb 27, 2023 1:23am Feb 27, 2023 1:23am
FP Markets is an excellent option. I've been trading with the RAW (ECN) account for a long time now, and their spreads are among the best available (at least in the major pairs; averages of 0 for the most part of the day in EURUSD).

If you pick their raw spreads account, the cost charged per lot is $6 per round lot, which is slightly lower than the commission charged by other comparable ECN brokers.
  • #590
  • Feb 27, 2023 10:43am Feb 27, 2023 10:43am
Quoting Tiago12
FP Markets is an excellent option. I've been trading with the RAW (ECN) account for a long time now, and their spreads are among the best available (at least in the major pairs; averages of 0 for the most part of the day in EURUSD). If you pick their raw spreads account, the cost charged per lot is $6 per round lot, which is slightly lower than the commission charged by other comparable ECN brokers.
Looks like they are dealing desk, otherwise they wouldn't survive with this cheap access, zero spreads most of the time etc. There is likely a conflict of interest but shouldn't be an issue if you lose with them or doesn't earn too much
  • #591
  • Mar 8, 2023 4:04am Mar 8, 2023 4:04am
Quoting Mr.ASingh
Some of the people I interact with - they ask me who is the biggest broker in the forex industry? Someone please answer this question. (Folded Hands Request)
This is a tough one, I dont think forex brokers are even willing to discuss actual numbers LOL, for the longest time I just settle for a broker that works, Even though i trade HFM I cant say much about how big they are even if they have ben around for a decade or so, unlike crypto its easy, binance is the largest by far. but hey if anyone has an answer for it pls do enlighten us.
  • #592
  • Mar 8, 2023 5:56am Mar 8, 2023 5:56am
IC is the worst broker!
RAW spreads are not raw, they have huge slippage.
And the most annoying thing is they lost connection daily 2-3 times.
Every day for 5-10 minutes there is no connection, no trades, nothing!
Can't fill orders and in the second pic during london&ny there was no connection for 15 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: Képernyőkép 2023-03-08 123327.png Size: 10 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Képernyőkép 2023-02-10 190538.jpg Size: 64 KB
  • #593
  • Mar 8, 2023 7:58pm Mar 8, 2023 7:58pm
Has anyone else here gotten a notice of a huge margin increase coming from Forex.com next Sunday?


New margin rate:

AUDJPY 5%
CADJPY 5%
CHFJPY 5%
EURGBP 5%
EURJPY 5%
EURTRY 25%
GBPAUD 5%
GBPCAD 5%
GBPCHF 5%
GBPJPY 5%
GBPNZD 5%
GBPUSD 5%
NZDJPY 5%
TRYJPY 25%
USDJPY 5%
USDTRY 25%
  • #594
  • Mar 9, 2023 5:04am Mar 9, 2023 5:04am
Quoting matan2244
{quote} what do you think about fxcm ? i am also looking for a broker but different qualities...
Higher volume higher chances to get bad fill on your order, especially if your broker is dealing desk. Exactly due to this you get slippage during NFP - orders congestion.
  • #595
  • Mar 25, 2023 7:02am Mar 25, 2023 7:02am
It seems that there is nothing to choose!!
Most of the brokers available in the internet are exceptable?
In my humble opinion, there are brokers like tickmill and fxtm are ok.. what do you think guys?
Jakepuia
  • #596
  • Mar 29, 2023 1:29am Mar 29, 2023 1:29am
I prefer proven offshore brokers.
  • #597
  • Apr 3, 2023 2:45pm Apr 3, 2023 2:45pm
Quoting Jakepuia
It seems that there is nothing to choose!! Most of the brokers available in the internet are exceptable? In my humble opinion, there are brokers like tickmill and fxtm are ok.. what do you think guys?

yes they look legit and professional. Transaction costs are ultra-low you can hardly find something better for scalping. I would also add Hotforex to that list.
  • #598
  • Apr 5, 2023 3:51am Apr 5, 2023 3:51am
Actually the best thing is to have several accounts in several brokers so that you can manage your risk and capital more easily, also in this way you wont let any broker to have full control over your trading activities.
  • #599
  • Apr 7, 2023 2:07am Apr 7, 2023 2:07am
Quoting OpheliaReyes
Actually the best thing is to have several accounts in several brokers so that you can manage your risk and capital more easily, also in this way you wont let any broker to have full control over your trading activities.
it's a good idea to test out any broker you feel promising and reliable first. Then with your experiences you still identify which one is more suitable or credible. Dont put all your eggs into one basket.
  • #600
  • Apr 12, 2023 12:04am Apr 12, 2023 12:04am
Hi, Pipologist. Everyone might have different criteria, but personally, I would go for transparency and easiness to use. From my personal experience, Tickmill and Prime Codex fit those criteria. They offer easy deposits and withdrawals and a low spread.
0 traders viewing now