Please recommend honest brokers | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Could someone recommend an honest broker? 18 replies

Why are good honest true brokers not allowed to serve US clients? 4 replies

is this normal? are brokers honest? trades don't close at tp 4 replies

Honest brokers 14 replies

Honest answers please! Are you successful trading on Forex or not? 102 replies

Please recommend honest brokers

  • #1
  • First Post: Feb 4, 2008 2:21am Feb 4, 2008 2:21am
Brokers that will send me my $$ if i manage to win.
or close my account. any one encountered brokers refusing to pay you ?
  • #2
  • Feb 4, 2008 3:04am Feb 4, 2008 3:04am
I would recommend check into www.efxgroup.com not the best platform and doesn't support MT4 but has no vested interest in you losing.

The downside is you pay commissions but they don't requote you.
  • #3
  • Feb 4, 2008 4:58am Feb 4, 2008 4:58am
My broker so far is IBfx..for more than 3 years so far and the performance is acceptable.Couple time close the account (and yes they sent me the money always)..then open again..and quarterly withdraw the money ( and yes they sent me my profit as well).My biggest concern now is that ibfx chart/software severally get frozen (usually when the market hectic) and sometimes the spread of gbp reach 22 pips (my oh my).but as i mentioned..still acceptable. I used oanda too previously..but i cannot give u any insight since i only use it for 6 months.happy pipping
  • #4
  • Feb 4, 2008 7:00am Feb 4, 2008 7:00am
Quoting FXblader
Brokers that will send me my $$ if i manage to win.
or close my account. any one encountered brokers refusing to pay you ?
Alpari UK.

No regulated broker will close your account if you "win". Although this would also depend on your trading style, make sure it is not against their TOS. (scalping, news)
  • #5
  • Feb 5, 2008 9:18am Feb 5, 2008 9:18am
Quoting charlinks
No, guy just must love SPAM!
What is your guys opinion about ODL?
Am thinking about opening an account with them..
Or should I go with another broker?
  • #6
  • Feb 5, 2008 1:06pm Feb 5, 2008 1:06pm
Oanda was fairly honest with some wide spreads during points of the day. The only thing is that I didn't really like their platform.

GFT had a very good platform and treated me pretty well.

itradefx treated me decently with their service and went above and beyond to solve a problem for me.

I had issues with FXCM - they took a long time to resolve issues. Their people were always professional though in talking to them, and I didn't feel like their customer service people were dishonest at least.
  • #7
  • Feb 6, 2008 11:09pm Feb 6, 2008 11:09pm
Quoting derrekmay
What is your guys opinion about ODL?
Am thinking about opening an account with them..
Or should I go with another broker?

I have been using them for about 4 months and they are great. Good service and excellent spreads (fixed). The lowest i have seen. My rep is Doug and he is very professional and willing to help and take time to explain whatever you need.
So i recommend them. I know you did not ask me but i was reading through some posts and saw your question and figured i could at least let you know my experience with them.

hope this helps.


Josh
  • #8
  • Feb 6, 2008 11:34pm Feb 6, 2008 11:34pm
If you are not a new's Trader then FXCM is the best , trustable, reliable and the world's biggest broker .... Im not paid by FXCM for all this lol but So for they are very good for me...
  • #9
  • Feb 7, 2008 6:12am Feb 7, 2008 6:12am
yeah i would have to say that oanda is probably one of the most honest brokers... They dont have the best platform and just recently have provided and api for automated systems if you have $600 a month.. lol

but they are huge and are very honest...
  • #10
  • Feb 7, 2008 7:25am Feb 7, 2008 7:25am
Quoting gmax111
yeah i would have to say that oanda is probably one of the most honest brokers... They dont have the best platform and just recently have provided and api for automated systems if you have $600 a month.. lol

but they are huge and are very honest...
Ya No doubt They are best , specially Honest but i dont like their Leverage 50:1 .... Their Platform is totally web-based & excellent as compared to Forex.com ... Customer service is outstanding ... I got good experience with them in Past but now coz of leverage im With FXCM with 400:1 leveage (On My Request) ... Excellent also They are so Far...
  • #11
  • Nov 9, 2010 8:07am Nov 9, 2010 8:07am
try liteforex.org. its by far the most trusted forex broker
Allow the Market to get to your target entry...
  • #12
  • Nov 9, 2010 8:17am Nov 9, 2010 8:17am
Oanda is a honest market maker. I use PayPal to fund my account and they also sent me back money within 1 day. The platform is so-so, I'd say it's OK just does not have a lot of historical data so I use a MetaTrader broker with a demo account for charting.
forget about tomorrow, just steal away into the night
  • #13
  • Nov 9, 2010 9:19am Nov 9, 2010 9:19am
I'd say: go markets, IBFX, MB Trading, collective fx

you may also want to contact a company called Back Bay FX. they are an IB, not a broker, and represent many brokers. the good thing about them is if the broker pulls anything, they can go to bat for you.

this list is certainly not complete. there are many good brokers out there. these are just the ones that come to my mind when asked.
BarrySDCA Commercial Network Services
  • #14
  • Nov 10, 2010 10:17am Nov 10, 2010 10:17am
Are you talking about brokers that are regulated by a trusted body like the FSA?


And a broker that doesn't take positions against its clients.

I would recommend a broker that has DMA (Direct market access). This basically means that the company does not hold open position in its own book and simulate an exchange.
  • #15
  • Nov 15, 2010 6:35am Nov 15, 2010 6:35am
Good day

What is your review advice on 4xp? I am new in the forex trading market and I am from South Africa, so I need someone that is reliable.

Thank you for all you advice

Regards
  • #16
  • Nov 16, 2010 11:39am Nov 16, 2010 11:39am
Quoting spekitox
Oanda is a honest market maker. I use PayPal to fund my account and they also sent me back money within 1 day. The platform is so-so, I'd say it's OK just does not have a lot of historical data so I use a MetaTrader broker with a demo account for charting.
I am seriously looking at Oanda. Just closed out my account with Forex.com. Oanda's platform isn't the greatest, but I believe the $$$ you make are more important than a beautiful software. Didn't they have the highest percentage of profitable accounts?

Being a Canadian it's a huge plus that they have a Canadian division, so my money would be insured, (but much lower leveraging... )
  • #17
  • Nov 16, 2010 12:10pm Nov 16, 2010 12:10pm
You can use metatrader for charting and oanda's platform for execution.
  • #18
  • Nov 16, 2010 2:03pm Nov 16, 2010 2:03pm
Quoting fx111
You can use metatrader for charting and oanda's platform for execution.
I plan to use CMS' VT Trader demo for charting.
  • #19
  • Nov 16, 2010 2:39pm Nov 16, 2010 2:39pm
My dollars go to CitiFX and DBFX... huge customer service desks with very little risk of overnight bankruptcy.

Huge liquidity pools to cover their own positions.

Lesser of all evils, until convinced otherwise.
  • #20
  • Nov 16, 2010 5:08pm Nov 16, 2010 5:08pm
Offshore wise, I'd say fxopen.
0 traders viewing now