Complete Brokers ?

Hello, my name is Suhanto Agus.

I am a new member, please kindly guide me in this "world wide" investment jungle.

I am wondering is there any broker where we could trade forex, asian futures, commodity in an account ? (I have known GCIFinancial, but I want to have a comparison)

Thank You.

try Interactive Borkers

Thank You zek132, I have looked it, I get confused looking for what exactly spreads and total fees to trade CFD shares. I have already have a forex account with Interbankfx, but I also have interest for CFD mini share, focused in Mini Hangseng Index. Anyway, surely GCITrading.com is not a scam, right ? (I'm about to open a CFD mini share account with them, or do you have another recommendation ?)

Thanks again.

They are not a scam, no... however, i've had a Forex trading account with them, and i was very disappointed. I would get requotes all the time (during quiet hours) and in general, execution was very poor. If that experience is anything to go by, i would avoid them. Find a decent broker, it will save you a lot of greef. I would always rather choose a ECN or a STP or a Direct Access boroker rather than a market maker. However, i'm not familiar with CFDs so the situation might be different...
P.S if you are confused, just call IB, i'm sure they will answer all of your questions... and i'm also pretty sure they are one of the cheapest around, and also a good company. Quality is also very important, don't forget

Really Thank You for your friendliness, right now it just you zek132 who post for me

If it comes alone for forex, I have an account in Interbankfx, so far I have not trade any position yet, I'm still practicing. Therefore I asked about the complete brokers, does InteractiveBrokers allow scalping ? Actually in my country for trading forex, stock index, never had any objection nor policy about scalping trading (maybe because the spreads is so big, for major currency around 6 pips + commission around $ 30 a standard lot, and for stock index it would around 10 - 15 pips spreads + commission around $ 25 a standard lot ?)

--> I usually Buy / Sell and close my position below 5 minutes, sometime it just 10 seconds, I have contacted GCITrading, they do not allow it and don't want to tell me their policy (Interbankfx allow me as long as I stay in the market for 90 seconds)

I wonder if any broker which can traded Mini Hangseng Index and allow scalping too ? (right now I'll try to contact InteractiveBrokers)

Thank You.

Again, there is a big difference between Interactive Brokers and InterbankFX, InterbankFX is a market maker, that means that every order you make, they take the other side. So for them, it is much better for you to loose all of your money so they get to keep it. Interactive Brokers on the other hand, does STP(straight through processing), they only get the comission from you, and the spreads are true interbank spreads (0-2 pips on Forex Majors) InterbankFX simply has the Interbank in order to fool you into thinking that you are trading interbank. Search google for ECN, Direct Access Broker, and STP to find out more...

Best regards,

Vlad

I am Suhanto, from Indonesia (sorry if you heard bad things about my country), for me, I try to be a good one.

The more I search information, more fear trade with GCI, most people told me that they are manipulating and throw away our desired price.

Please tell me if you know brokers which can trade Mini Hangseng Index (I guess when it comes to CFD, it's forbidden in US) and Hangseng Index Options and low fees.

Thank You.