Which Broker Is The Best? | Forex Factory

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Which Broker Is The Best?

  • #1
  • First Post: Nov 20, 2007 4:51am Nov 20, 2007 4:51am
I am currently with Northfinance and I just got a post that Northfinance

hasn't been registered with NFA and its quite unsafe to use them!!!!!!!

I will like to know which broker is actually the best...


I am talking about both about Cost, Efficiency, Operational Benefits,

Connectivity, Platform stability, and other things!!!!!!!

And WHY is it the best

Really thinking of switching.........
Everything is bare Making the best out of pips
  • #2
  • Nov 20, 2007 5:24am Nov 20, 2007 5:24am
For me, the best broker that who will give low on pip and good leverage. But few broker that locate in US and use platform mt4 only register with NFA. NFA will manage and monitor all the ib under that NFA right?
  • #3
  • Nov 20, 2007 8:35am Nov 20, 2007 8:35am
Search the Broker Discussion forum and you'll get lots of recommendations.

Terry
  • #4
  • Nov 20, 2007 9:25am Nov 20, 2007 9:25am
http://www.forexpeacearmy.com/public...broker_reviews

Check this site out, i think this is what u need.
  • #5
  • Nov 20, 2007 9:39am Nov 20, 2007 9:39am
Quoting osaze
I am currently with Northfinance and I just got a post that Northfinance

hasn't been registered with NFA and its quite unsafe to use them!!!!!!!
The NFA is a US regulatory body, so no broker outside of the US or without a US office is going to bother being regulated by the NFA. All it does is open them up to being shut down for no reason.

Search the forums before starting new threads to ask simple questions. The Search feature is at the top of the page beside your login.
The basis of a democratic state is liberty. ~ Aristotle
  • #6
  • Nov 20, 2007 7:21pm Nov 20, 2007 7:21pm
I think Northfinance is run by russians but the address' they give are:

Address: No. 5 Cork Street, Belize City, Belize
Postal Address: PO BOX 58362, CY-3733 Limassol, Cyprus

Nothing to do with the US, so nothing to do with the NFA. Don't those contact details make you feel like your money is nice and secure
  • #7
  • Nov 21, 2007 8:34am Nov 21, 2007 8:34am
Quoting lyy.sg
http://www.forexpeacearmy.com/public...broker_reviews

Check this site out, i think this is what u need.

I don't trust those ratings because my rated post has been removed.


Nagen
  • #8
  • Nov 26, 2007 8:57am Nov 26, 2007 8:57am
I prefer easy-forex.You can get 1 to1 technical support.Accept Credit Card and PayPal.No software download.
Review of easy-forex
  • #9
  • Nov 27, 2007 4:54pm Nov 27, 2007 4:54pm
Quoting careesys
I prefer easy-forex.You can get 1 to1 technical support.Accept Credit Card and PayPal.No software download.
Review of easy-forex
Yeah well, look at their spread!!
  • #10
  • Nov 27, 2007 8:01pm Nov 27, 2007 8:01pm
Quoting Vensik
The NFA is a US regulatory body, so no broker outside of the US or without a US office is going to bother being regulated by the NFA. All it does is open them up to being shut down for no reason.

Search the forums before starting new threads to ask simple questions. The Search feature is at the top of the page beside your login.
Just to clarify, the NFA is NOT a US regulatory body; we've been down this road a bunch. They are a "members only", self regulating association of member firms. They are not a government agency, and have no legal authority in and of themselves. They cannot "shut down" anybody.

Still, a US firm not registered with the NFA is a red flag for sure, but I just sometimes get tired of all the "quaking in the boots" over the big bad NFA. They are not all powerful; the only authority they have is to kick a firm out of their members only association-that's it.

Sorry if I'm offending some people, but it's important info to know, in my opinion at least...
  • #11
  • Nov 28, 2007 9:31am Nov 28, 2007 9:31am
If you want to find really good broker look at www.forex-review.com , www.forex-rating.com and www.forexbastards.com
  • #12
  • Last Post: Nov 28, 2007 2:42pm Nov 28, 2007 2:42pm
IB, in my opinion, is the best. Remember you can trade futures through them, which is a regulated market through the CME.
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