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Best Broker?

  • #661
  • Jun 24, 2024 6:18am Jun 24, 2024 6:18am
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?
Based on my current personal experience, HFM is the best broker. They offer fast and hassle-free withdrawals (usually processed same day), competitive spreads with high ECN liquidity, and an easy-to-use online back office for managing multiple trading accounts.
  • #662
  • Edited 8:39am Jun 28, 2024 6:56am | Edited 8:39am
I can tell you which broker definitely not to go with: Advanced Markets,

They just robbed me and 3 other accounts blind for $55K !!
we opened accounts and followed one of their strategy provider to copy his trades.

The provider made the trades, their system copied them on our behalf and they told us that some trades are questionable and they are investigating then.
Noting that we paid performance fee to the provider for the profits he made us.

The provider is still active, and he wasn't sent an email about the questionability of the trades and was able to withdraw all his funds normally.

They zeroed our accounts and disabled them without even answering any question, complete robbery in plain sight.

If anyone can help spread the world and expose them maybe we can get our money back (i have all the needed documentation).

Thank you Simona.
{ email address deleted by staff }
  • #663
  • Jun 29, 2024 12:24pm Jun 29, 2024 12:24pm
Quoting Simonatrader
i have all the needed documentation

Have you sent it to the regulator?

How do you know that it was Advanced Markets you were dealing with, rather than (as is normally the case, with such incidents) a fake, clone site?
  • #664
  • Jul 3, 2024 8:24am Jul 3, 2024 8:24am
I have never subscribed to a copy trade at any broker, maybe I am too confident even though my trading skills are still limited, but relying on myself feels like a sense of pride when I get a profit and make withdrawals smoothly. I'm using FXOpen at the moment.
I trade at FXOpen
  • #665
  • Jul 3, 2024 2:53pm Jul 3, 2024 2:53pm
FXopen is a great broker, a lot of people don't know about them. They have excellent service, and when looking at the spread (commission) + rebates, they have perhaps the best trading conditions.
  • #666
  • Jul 3, 2024 4:19pm Jul 3, 2024 4:19pm
Its more about what the broker can offer you in terms of support, help and client care. regulation is important as is segregated funds. high leverage is alright if your trade is winning but don’t forget if it goes the wrong way you’ll lose money faster. also you want to check that they pay out in timely manner . number and quality of LP's and also cost of trading. happy to discuss further
  • #667
  • Jul 7, 2024 10:48am Jul 7, 2024 10:48am
What ever broker will you choose don't forget to use forex rebate provider. That way you will get 50% discount on all your trades.
  • #668
  • Jul 8, 2024 1:29am Jul 8, 2024 1:29am
Quoting LukaPetek
What ever broker will you choose don't forget to use forex rebate provider. That way you will get 50% discount on all your trades.
You will be "rewarded" with bad fills and bad customer service in return.

Remember: trading will also cost you money, in terms of overhead. It's not only the investment. If you always go for the cheapest broker and you cannot afford to calculate reasonable trading costs you shouldn't consider trading in the first place.

Just my 3 cents (added 1 cent since I can afford it, and for not being greedy lol)

BT
  • #669
  • Jul 8, 2024 4:51am Jul 8, 2024 4:51am
Quoting BataviaTrade
{quote} You will be "rewarded" with bad fills and bad customer service in return. Remember: trading will also cost you money, in terms of overhead. It's not only the investment. If you always go for the cheapest broker and you cannot afford to calculate reasonable trading costs you shouldn't consider trading in the first place. Just my 3 cents (added 1 cent since I can afford it, and for not being greedy lol) BT
I don't agree with you. There are a lot of good and bad brokers where you can get rebates and a lot of good and bad brokers where you can't get rebates. To qualify a broker as bad just because it gives rebates is nonsense.
  • #670
  • Jul 8, 2024 4:59am Jul 8, 2024 4:59am
Quoting LukaPetek
To qualify a broker as bad just because it gives rebates is nonsense.

Actually it makes quite a bit of sense, because they tend mostly to be not-properly-regulated brokers who have difficulty getting customers in better recognised and more legitimate ways.

But we can all see from your posts that it’s what you’re here to promote, so have fun.
  • #671
  • Jul 8, 2024 5:08am Jul 8, 2024 5:08am
Quoting KarlKraus
{quote} Actually it makes quite a bit of sense, because they tend mostly to be not-properly-regulated brokers who have difficulty getting customers in better recognised and more legitimate ways. But we can all see from your posts that it’s what you’re here to promote, so have fun.
So you want to say that IC markets, pepperstone, Vantage ........ are unregulated brokers
  • #672
  • Jul 8, 2024 6:05am Jul 8, 2024 6:05am
Quoting LukaPetek
{quote} So you want to say that IC markets, pepperstone, Vantage ........ are unregulated brokers

Since you ask, IC markets and Vantage have both properly-regulated and not-properly-regulated companies, and they both open more than 90% of their new accounts with the not-properly-regulated branches.

But in any case, I didn’t say what you wrongly inferred: I said that they TEND MOSTLY to be not-properly-regulated brokers.

But we can all see from your posts that it’s what you’re here to promote, so have fun.
  • #673
  • Jul 11, 2024 4:57am Jul 11, 2024 4:57am
Can some one help me, which broker is the best broker in UK?
  • #674
  • Jul 11, 2024 11:39am Jul 11, 2024 11:39am
Quoting Harronn
Can some one help me, which broker is the best broker in UK?
It’s not worth losing too much sleep over, honestly.

Forex brokers in the UK must, by law, be FCA-regulated, and being FCA-regulated avoids at least 98% of the potential problems that might otherwise arise, so it doesn’t matter much.

They’re all honest.

They have to be.

It’s true that some will suit some people more than others, according to the type of trading they’re doing, but without knowing ALL the exact details of that (of which you have said nothing), nobody can confidently advise you - and you should be very wary of anyone who thinks they can.

Personally, I like Oanda, but they might not be the most suitable one for you; I can’t possibly tell that, and neither can anyone else.
  • #675
  • Jul 13, 2024 3:17am Jul 13, 2024 3:17am
Quoting Harronn
Can some one help me, which broker is the best broker in UK?
Tickmill
  • #676
  • Oct 15, 2024 3:16am Oct 15, 2024 3:16am
Hi everyone,

I am using Fx Pro for the time being. I am not sure if I am willing to put 10K deposit into it because I like this broker. The problem is I am from Australia. I am debating whether I should ho with regulated broker in Australia for giving me a peace of mind when I can withdrawal in profits.

If I did well with hug profits, will FX Pro allow it? That is my question.

In Australia, it is only 1:30 leverage, where FX Pro offer 1:200. I did withdrew it with FX Pro in the past, but I wasn't that profitable yet.

Thanks.
  • #677
  • Oct 17, 2024 2:21am Oct 17, 2024 2:21am
Hey dpan1277,

Thanks for sharing your thoughts. It is a tough decision when choosing a broker, especially considering the differences in regulation and leverage. If you are concerned about security and ease of withdrawals, going with a regulated broker in Australia might provide you with more peace of mind.

I can further help you if I can. In case you think I am enough to help you, just leave a reply.
  • #678
  • Oct 18, 2024 2:18am Oct 18, 2024 2:18am
Brokers without strict regulations aren’t necessarily a bad choice. It ultimately depends on the team behind the broker and the company’s objectives. On the other hand, regulated brokers are not without fault. Over the past 20 years, I’ve seen several regulated brokers, including one under CySEC a few years ago, engage in practices that harmed clients. The best approach is to choose a broker that your friends trust and have had no issues with.
  • #679
  • Oct 23, 2024 5:07am Oct 23, 2024 5:07am
Hello guys. I have the same question. I am interested to find broker for trading S&P futures. I want to find something with the lowest swap.
What can you propose to me? Thanks
  • #680
  • Oct 23, 2024 10:20am Oct 23, 2024 10:20am
Quoting zyrandol
Hello guys. I have the same question. I am interested to find broker for trading S&P futures. I want to find something with the lowest swap. What can you propose to me? Thanks
If I'm not mistaken, quite a few brokers have Futures CFDs now (vs cash) which have no swap.
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