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age limit a problem to find good brokers

  • #1
  • First Post: May 9, 2009 3:49pm May 9, 2009 3:49pm
I am 21 years old this year but my birthday falls at december this year but i could not wait so long. I came across interbankfx as a potential broker as ECn but seeing so many bad reviews of them i decided to change my mind. Is there any other broker i can consider putting my money and making sure it is safe?
  • #2
  • May 10, 2009 1:46am May 10, 2009 1:46am
fxcm, fxdd

Quoting shadowman
I am 21 years old this year but my birthday falls at december this year but i could not wait so long. I came across interbankfx as a potential broker as ECn but seeing so many bad reviews of them i decided to change my mind. Is there any other broker i can consider putting my money and making sure it is safe?
Charting Markets into the Future...MǎҖ€¥.
  • #3
  • May 10, 2009 3:00am May 10, 2009 3:00am
#1 - http://MBTrading.com (ECN - MT4 in BETA - Navigator Platform ready now!)
#2 - http://atcbrokers.com (ECN)
#3 - http://www.whcmarket.ru (ECN in Russia - Broco Investor Platform)
#4 - http://www.pfgbest.com/ (Untested but a ECN)
#5 - http://www.fxdd.com (ONLY the MTxtreme ECN Platform - Not best choice but waaaay better than IBFX, FXCM, etc..)

Don't even THINK about the other shops. They're not worth the headache.
  • #4
  • May 10, 2009 4:59am May 10, 2009 4:59am
i gonna give interbankfx a shot as my friend is using it for 3 years and still trading 2 standard lots with them. i am not gonna trade more than 1 standard lot with them. for me i am able to make 200-300pips a week so 2-3k a week is good enough for me. i am only putting in 200usd though. gonna grow this amount into 4k and start withdrawing 2-3k a week....no harm trying with them better than i do nothing now. i was just thinking if interbankfx was a scam they would be shut down long ago. they just came to singapore in April 2009 and they look like honest people. i would not be scared of them as i am a good trader. Once i reach 21 this year, i will change broker to mbtrading.
  • #5
  • May 11, 2009 8:10pm May 11, 2009 8:10pm
Quoting shadowman
i gonna give interbankfx a shot as my friend is using it for 3 years and still trading 2 standard lots with them. i am not gonna trade more than 1 standard lot with them. for me i am able to make 200-300pips a week so 2-3k a week is good enough for me. i am only putting in 200usd though. gonna grow this amount into 4k and start withdrawing 2-3k a week....no harm trying with them better than i do nothing now. i was just thinking if interbankfx was a scam they would be shut down long ago. they just came to singapore in April 2009 and they look like...
IBFX is not a scam, it's just that they are a terrible and lousy broker and you'll be getting alot of requotes on the MT4 platform when you do live trading. You will find difficulty getting in/out of your positions if you're executing market orders, so scalping will be extremely difficult. You said you're going to put in 200USD and you're not goinna trade more than 1 standard lot with them. You probably shouldn't even be trading more than 1 mini lot with that amount of capital!

PS: good trader on demo doesn't mean anything when you're live trading.
  • #6
  • May 11, 2009 8:24pm May 11, 2009 8:24pm
Even at 500:1 leverage $200 isn't enough to cover the margin requirements for a standard lot plus spreads and some room...
  • #7
  • Last Post: May 14, 2009 11:48pm May 14, 2009 11:48pm
lol....who says i am using $200 to trade 1 standard lots.....u guys are purely dumb....u cannot even execute 1 standard lot with 200
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