which Broker is unanimously rated the best | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Which system is the best? Or which combinations of systems work the best? 46 replies

Which is the best broker for scalping? 89 replies

Which non-US broker is the best at the moment? 69 replies

Which broker has the best conditions for trading gbp/jpy ? 21 replies

Which Broker Is The Best? 11 replies

which Broker is unanimously rated the best

  • #1
  • First Post: Oct 29, 2009 6:03am Oct 29, 2009 6:03am
Dear friends,

I want to open a live forex account, however the reviews about allmost every broker are negative.
No broker has got unanimous best review, eg common problems like stop hunting, false price spikes , bucket shop trading, server problems, pips widening, severe slippage , delay to fill order

I do understand that not all people will be happy with single broker, but then i am searching for the BROKER WITH MAXIMUM BEST REVIEWS without all the above mentioned issues most of the time.

People who trade live account since few years are requested to guide me


Appreciate your response!

Cheers
Winston
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2
  • Nov 1, 2009 5:58am Nov 1, 2009 5:58am
hi,

personally i use OANDA, this company is very reliable, platform is based on java, to withdraw money they charge only 20 euros and you have money in your bank account after 24 -36 hours.

Quoting oneuniverse
Dear friends,

I want to open a live forex account, however the reviews about allmost every broker are negative.
No broker has got unanimous best review, eg common problems like stop hunting, false price spikes , bucket shop trading, server problems, pips widening, severe slippage , delay to fill order

I do understand that not all people will be happy with single broker, but then i am searching for the BROKER WITH MAXIMUM BEST REVIEWS without all the above mentioned issues most of the time.

People who trade live account since few years are...
  • #3
  • Nov 1, 2009 9:32am Nov 1, 2009 9:32am
Quoting oneuniverse
Dear friends,

I want to open a live forex account, however the reviews about allmost every broker are negative.
No broker has got unanimous best review, eg common problems like stop hunting, false price spikes , bucket shop trading, server problems, pips widening, severe slippage , delay to fill order

I do understand that not all people will be happy with single broker, but then i am searching for the BROKER WITH MAXIMUM BEST REVIEWS without all the above mentioned issues most of the time.

People who trade live account since few years...
If you are Australian...
I have found that GoMarkets are becoming better and better. Good execution, NDD and super tight spreads (with no commission). EURUSD is regularly 0.5 to 1.5 points normally 1, USDCHF is normally under 3 points, AUDUSD is under 2 points and GBPJPY is normally between 3 and 6.5 points. Slippage has been non-existent (but I don't trade news). Regulated by ASIC, which is not as big as the NFA or FSA, but even brokers like FXCM have struggled to meet ASIC brokering criteria before they could start in Australia.

However, they do not have the same quality help desk like the big brokers such as Oanda, FXCM and IBFX.
  • #4
  • Nov 1, 2009 12:06pm Nov 1, 2009 12:06pm
thank you guys!

I had even PM most of our seniors and many of them like OANDA
I did good research on ONDA
Overall, i would now definitely open a live account with them!

Cheers
Winston
Trading is a delicate balance of Strategy , Money management and Psychology
  • #5
  • Nov 2, 2009 12:57am Nov 2, 2009 12:57am
I have traded with many other Brokers and am finding FXDD to be stable, have excellent customer service, and rarely requote (except of course during crazy news times). I 've seen traders complain about FXDD and then go the trouble of switching only to find more problems with other brokers. Often I will be in trading or trader's chat rooms where people are experiencing down platforms and mine is just fine.They consistantly have bonus programs where extra money is deposited in your account with a certain number of trades which is very helpful.I like their daily news commentary. Also, I have not experienced the usual complaints of stop hunting.It seems that most of the negative complaints come from new traders who overleverage and get margin calls,use too tight of stops, or don't have fast internet connections. I would suggest you try them.
  • #6
  • Nov 2, 2009 7:16am Nov 2, 2009 7:16am
Quoting shauna
I have traded with many other Brokers and am finding FXDD to be stable, have excellent customer service, and rarely requote (except of course during crazy news times). I 've seen traders complain about FXDD and then go the trouble of switching only to find more problems with other brokers. Often I will be in trading or trader's chat rooms where people are experiencing down platforms and mine is just fine.They consistantly have bonus programs where extra money is deposited in your account with a certain number of trades which is very helpful.I like...
great Shauna
Trading is a delicate balance of Strategy , Money management and Psychology
  • #7
  • Nov 2, 2009 8:50am Nov 2, 2009 8:50am
Just a personal opinion, you better look for an ECN forex broker and avoid market makers as ECNs dont take the other side of their customers trades. With an ECN broker you get the tightest spreads in the retail industry ever but you pay a small commision for each trade you place. I have been switching between brokers until finally I sittled down with MB Trading since more than a year and a half now and I couldn't be any happier, everything seems perfect with this broker. They only have one issue related to technology.They are very slow in terms of developing the technology needed for platforms, charting, web based, bla bla but I know they are honest people and thats why i am sticking with them so far.
  • #8
  • Nov 2, 2009 9:20am Nov 2, 2009 9:20am
Quoting salem_747
[size=3]Just a personal opinion, you better look for an ECN forex broker and avoid market makers as ECNs dont take the other side of their customers trades. With an ECN broker you get the tightest spreads in the retail industry ever but you pay a small commision for each trade you place. I have been switching between brokers until finally I sittled down with MB Trading since more than a year and a half now and I couldn't be any happier, everything seems perfect with this broker. They only have one issue related to technology.They are very slow in...
MBT is ok, but the commission rates are ridiculous. ATC Brokers is better. Same kind of MT4 ECN platform, low spreads, etc., but commission is just $8/lot round turn regardless of pair traded. That comes to less than half of what MBT charges on GBP pairs for example.
  • #9
  • Last Post: Nov 2, 2009 9:56am Nov 2, 2009 9:56am
There are no Perfect Brokers. There is fault in every broker. The best thing for any trader to do is to open an acct with a few and test out the waters, because no one broker is perfect for any one trader. I experenced the same problem when I got started trading so I decided to was to open accts with 5 brokers that caught my eye. I chose GFT because I felt GFT offered me what I was looking for, and I'm happy I did because since choosing GFT I haven't looked back. But that doesn't mean I don't have accts with other brokers. I have an acct with Oanda to trader Spot Metals (Gold & Silver), an acct with FxClub to trade mini's, & had an Alpari US acct just because. Traders don't nessasary need as many brokers as I have but it doesn't hurt to spread around you equity.
0 traders viewing now