honest broker | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Who is the most honest broker? 102 replies

Could someone recommend an honest broker? 18 replies

Can anyone suggest a good and honest ECN broker? 14 replies

Honest MT4 broker with tight EURGBP spread ? 2 replies

Anyone trading with Capitalforex? Honest broker? 0 replies

honest broker

  • #1
  • First Post: Apr 13, 2008 12:58pm Apr 13, 2008 12:58pm
hello to all
is some one here knows one good and honest broker?i meen way is it so hard to find one?
is there any broker that ensurance the money that i deposit to hem wen i open an acount?what hapends if the broker goes bank robe
what about fxcm are they any good? what about esignal does someone use that program?
  • #2
  • Apr 13, 2008 1:10pm Apr 13, 2008 1:10pm
I think oanda is the best, take a look at it
  • #3
  • Apr 14, 2008 3:42am Apr 14, 2008 3:42am
Yep, I like Oanda as well, but they don't have an account insurance.

ABN Amro MarketIndex has an insurance up to 20k Euro. But they don't accept US citizen because they allow trading of indices like DAX, FTSE...

Regards - Xaron
  • #4
  • Apr 14, 2008 6:07am Apr 14, 2008 6:07am
Quoting tunera
I think oanda is the best, take a look at it
You're kidding right?
  • #5
  • Apr 14, 2008 7:12am Apr 14, 2008 7:12am
Advise a better one, I really don't know any better market maker (NON ECN!).

Regards - Xaron
  • #6
  • Apr 14, 2008 12:28pm Apr 14, 2008 12:28pm
Xaron, i taked a look at the broker u writed about, marketindex.com ... wow, it sounds very very very good, very good spreads, and also let trade indexes (very good!) and also oil (super!)!
The bad thing is that i don't think they accept mini-account, anyway tnx for the good info
  • #7
  • Apr 14, 2008 1:14pm Apr 14, 2008 1:14pm
I 2nd the opinion of Tunera and Xaron. Oanda is the best. Not the best platform since it's web based(though you can log-in in any computer without downloading anything) but everything else is superior.
  • #8
  • Apr 14, 2008 1:22pm Apr 14, 2008 1:22pm
Well, instead, i have to say that the platform too is very good... ok, not for charting (infact i use mt4 for charting), but about every other thing, it's quite perfect. Just click buy, choose the custom amount (impossible in other platforms), click and go.. you get absolutely the price you see when you click, no requote, no cheats, nothing of nothing, only pure honest trading. And also a good thing is that prices changes in a different method from mt4 for example, where in 1 seconds there can be 10 movements (during high volatility periods for example), in oanda the quote remain blocked always for some little time (i have not chronometred it, but i guess it's like 0,5 seconds or something like that), so you know that if you want that price, you can click "buy" or "sell" or just "close" (the opened position) in that time, and have the price you want, i love it Anyway that other broker (marketindex.com) it uses too the same platform as oanda, that's a good thing to it! I hope soon oanda will decide to offer indexes and oil as tradable markets for their clients, this would be good!
  • #9
  • Apr 14, 2008 2:16pm Apr 14, 2008 2:16pm
Quoting tunera
Well, instead, i have to say that the platform too is very good... ok, not for charting (infact i use mt4 for charting), but about every other thing, it's quite perfect. Just click buy, choose the custom amount (impossible in other platforms), click and go.. you get absolutely the price you see when you click, no requote, no cheats, nothing of nothing, only pure honest trading. And also a good thing is that prices changes in a different method from mt4 for example, where in 1 seconds there can be 10 movements (during high volatility periods for example), in oanda the quote remain blocked always for some little time (i have not chronometred it, but i guess it's like 0,5 seconds or something like that), so you know that if you want that price, you can click "buy" or "sell" or just "close" (the opened position) in that time, and have the price you want, i love it Anyway that other broker (marketindex.com) it uses too the same platform as oanda, that's a good thing to it! I hope soon oanda will decide to offer indexes and oil as tradable markets for their clients, this would be good!
Oanda cant do that in the US as those insturments are CFD's. They would have to use futures which I doubt they are going to get into, atleast not right now.
  • #10
  • Apr 14, 2008 4:18pm Apr 14, 2008 4:18pm
Quoting dispierto
hello to all
is some one here knows one good and honest broker?i meen way is it so hard to find one?
is there any broker that ensurance the money that i deposit to hem wen i open an acount?what hapends if the broker goes bank robe
what about fxcm are they any good? what about esignal does someone use that program?
simple.

trade futures.

or if you must absolutely trade spot forex, go with Oanda, IB, MBTrading
{Promotion Removed}
  • #11
  • Apr 14, 2008 6:56pm Apr 14, 2008 6:56pm
I guess I should have said that charting is not so good since that is what I meant when I said platform is not so good. I did experience though requote, but it happened only one time. But in that single occasion, I was also opening so many web pages simultaneously. So now, I refrain from opening many web pages simultaneously when trading and requotes never happened again.
  • #12
  • Apr 15, 2008 1:32am Apr 15, 2008 1:32am
Quoting tunera
Xaron, i taked a look at the broker u writed about, marketindex.com ... wow, it sounds very very very good, very good spreads, and also let trade indexes (very good!) and also oil (super!)!
The bad thing is that i don't think they accept mini-account, anyway tnx for the good info
You're welcome. But what do you mean with mini-accounts? The minimum deposit is €1,000 as far as I know and you can trade in units like at Oanda...

I really like MarketIndex.

Regards - Xaron
  • #13
  • Apr 15, 2008 2:54am Apr 15, 2008 2:54am
Quoting Xaron
Yep, I like Oanda as well, but they don't have an account insurance.

ABN Amro MarketIndex has an insurance up to 20k Euro. But they don't accept US citizen because they allow trading of indices like DAX, FTSE...

Regards - Xaron

so you reckon they're better than Oanda, Xaron ?

with insurance so it's like segregated account, eh ?

do they pay daily interest on your a/c balance and daily swap ?
  • #14
  • Apr 15, 2008 3:39am Apr 15, 2008 3:39am
Yes, they pay daily interest for the unused margin as well as for pairs. But they pay only about 1% p.a. in the EUR account and the swaps are much more worse than at Oanda. You even have to pay(!) for a EUR/CHF long position.

So they are not usable for carry strategies.

But the account insurance is great. It's all the same for european banks. 20k Euro. It doesn't matter if the account is segregated or not. There is a guarantee that you get 20k back in case of insolvency.

edit: You can check them out using their demo. Currently only people from germany, austria, switzerland and UK are allowed to open a live account with them.

Regards - Xaron
  • #15
  • Apr 16, 2008 6:06am Apr 16, 2008 6:06am
[quote=Xaron;1952090]Yes, they pay daily interest for the unused margin as well as for pairs. But they pay only about 1% p.a. in the EUR account and the swaps are much more worse than at Oanda. You even have to pay(!) for a EUR/CHF long position.

So they are not usable for carry strategies.

But the account insurance is great. It's all the same for european banks. 20k Euro. It doesn't matter if the account is segregated or not. There is a guarantee that you get 20k back in case of insolvency.

edit: You can check them out using their demo. Currently only people from germany, austria, switzerland and UK are allowed to open a live account with them.

i wonder how you come up with such good recommendations !

so i'm not allowed to open a/c with them then..........but since the swap stinks, not so bad...........but the insurance is very good !

the main reason why i stay with Oanda is i reckon them to be one of the safest brokers around, am i right ?
  • #16
  • Apr 16, 2008 6:35am Apr 16, 2008 6:35am
Quoting findcount
the main reason why i stay with Oanda is i reckon them to be one of the safest brokers around, am i right ?
Yes, I think so.

Regards - Xaron
  • #17
  • Apr 16, 2008 6:44am Apr 16, 2008 6:44am
Quoting Xaron
Yes, I think so.

Regards - Xaron
many thanks, buddy !

keep on digging up those gems...........
  • #18
  • Apr 16, 2008 6:51am Apr 16, 2008 6:51am
I'll do, I promise.

Regards - Xaron
  • #19
  • Apr 16, 2008 8:32am Apr 16, 2008 8:32am
What's the E/U spread with this marketindex, couldn't find it on the site (don't wannt log in to yet another demo just to see it) ?
Thanks
On the path to Enrichment.
  • #20
  • Apr 16, 2008 9:16am Apr 16, 2008 9:16am
1 pip eur-usd
0 traders viewing now