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Which broker to choose ?

  • #1
  • First Post: Mar 3, 2010 4:40am Mar 3, 2010 4:40am
Hi,

Need your help to choose a broker. I am new in this field but planning to be an active trader.

1) Tradestation
2) MB Trading

Which one is better in your opinion? Can you recommend something else ?
I am looking to trade fx, stocks.

Thank you
  • #2
  • Mar 7, 2010 5:35am Mar 7, 2010 5:35am
Don't know much about Tradestation but I heard good things about MB trading.


I Use and recommend Oanda, they let you create your own position size I think that's critical for small accounts to properly control your position size. If you don't have a small account (say 10k+) it may not matter as much.

With stocks if you plan to have a large account you should open one through your bank, It may just be me but I don't trust internet companies with considerable amount of money, least a bank you got a store and people to complain to.

Oh ya for daytrading Oanda and MB trading is pretty nice they offer lower rates for popular pairs then other competitors. Oanda also pays you or charges you interest by the second as well.
  • #3
  • Mar 7, 2010 9:58am Mar 7, 2010 9:58am
3 months ago I've switched to Oanda and I'm very satisfied. As Zeroh said, you can create your position size - it can be 10 units or 2000 or 1120 units. That's your decision and it can be very helpful with risk control.

The spreads for majors are very low, it's hard to find better offer.

At least try a demo at oanda, and then decide if you like it.
  • #4
  • Edited 9:33am Mar 9, 2010 8:35am | Edited 9:33am
Thank you, that helped a lot. Will open a demo account and will try it out.
By the way how is the charting platform ? Do they offer some decent tools ?



P.S is here anyone who tried or still with Tradestataion?
  • #5
  • Mar 9, 2010 3:37pm Mar 9, 2010 3:37pm
I am currently with MIG bank. Not really by choice - my managed account is with the broker, who only trades with them. I have their Trading Station to monitor account and play with the demo. I am not sure, but I think it is some form of Metatrader4. They say their spreads are 1.8 pips on GBP/USD and EUR/USD, but during demo trading I noticed, that sometimes they are higher. Also around newstime they have delays. Funding and withdrawals are pretty easy and fast. Also they have only mini-lot trading, no micro.
Hope that helps.
  • #6
  • Edited 4:11am Mar 10, 2010 3:27am | Edited 4:11am
Quoting Vark
I am currently with MIG bank. Not really by choice - my managed account is with the broker, who only trades with them. I have their Trading Station to monitor account and play with the demo. I am not sure, but I think it is some form of Metatrader4. They say their spreads are 1.8 pips on GBP/USD and EUR/USD, but during demo trading I noticed, that sometimes they are higher. Also around newstime they have delays. Funding and withdrawals are pretty easy and fast. Also they have only mini-lot trading, no micro.
Hope that helps.
Just to double check, I was referring to http://www.tradestation.com/default_2.shtm . Were you as well ?
  • #7
  • Mar 10, 2010 7:27am Mar 10, 2010 7:27am
Quoting Miriad
Hi,

Need your help to choose a broker. I am new in this field but planning to be an active trader.

1) Tradestation
2) MB Trading

Which one is better in your opinion? Can you recommend something else ?
I am looking to trade fx, stocks.

Thank you
I would say seriously check out Fx Open.
  • #8
  • Mar 10, 2010 8:50am Mar 10, 2010 8:50am
Quoting Miriad
Hi,

Need your help to choose a broker. I am new in this field but planning to be an active trader.

1) Tradestation
2) MB Trading

Which one is better in your opinion? Can you recommend something else ?
I am looking to trade fx, stocks.

Thank you
If you are looking to trade both FX and stocks, I would pick MB Trading. They have a nice suite of software options now and their execution is second-to-none.
  • #9
  • Mar 10, 2010 10:50am Mar 10, 2010 10:50am
Quoting Miriad
Just to double check, I was referring to http://www.tradestation.com/default_2.shtm . Were you as well ?
no sorry, I was referring to the trading platform - rookie mistake

It's just my file is called MIG Trading Station
  • #10
  • Mar 11, 2010 10:44am Mar 11, 2010 10:44am
Did anyone heard something about everestforex?
Is it for real?
  • #11
  • Mar 11, 2010 3:02pm Mar 11, 2010 3:02pm
Which broker(s) can be web based or work from a Blackberry? Thanks
  • #12
  • Mar 12, 2010 12:36am Mar 12, 2010 12:36am
Quoting yourchef51
Which broker(s) can be web based or work from a Blackberry? Thanks

why not try Oanda, they are web-based and has low spread. btw they do not have high leverage if that's one of your concern.

many brokers nowadays have webclient, important is to choose one that is reliable!
  • #13
  • Mar 12, 2010 3:08am Mar 12, 2010 3:08am
Quoting Ionic
why not try Oanda, they are web-based and has low spread. btw they do not have high leverage if that's one of your concern.

many brokers nowadays have webclient, important is to choose one that is reliable!
Indeed, that's what exactly i am looking for, reliable.

But apparently there is no the ONE which everyone would've mention to check it out.
  • #14
  • Mar 12, 2010 5:46am Mar 12, 2010 5:46am
Quoting Ionic
why not try Oanda, they are web-based and has low spread. btw they do not have high leverage if that's one of your concern.

many brokers nowadays have webclient, important is to choose one that is reliable!
oanda = terrible charting. you're much better off with a mt4 broker such as fxopen, they also have good leverage and small spreads.
  • #15
  • Mar 19, 2010 10:30pm Mar 19, 2010 10:30pm
Why I can't find fxopen in nfa website ..

here's the link ..

http://www.nfa.futures.org/basicnet/welcome.aspx
  • #16
  • Last Post: Oct 4, 2012 3:41pm Oct 4, 2012 3:41pm
Hi, there I was looking to open an account with Dukascopy, ATC brokers, FXCM or IC markets. Can someone help me with the best choice. I know ATC looks like they have very good reviews but the demo account does not work on my computer, it says no connection. I also know they are using FXCM to trade so then I can go straight to the source. Also I would like Duskacopy but they have a bridged MT4 platform and I dont know how it performes in real time. Any help appreciated.
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