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Recommendation about a broker

  • #1
  • First Post: Apr 7, 2010 9:41pm Apr 7, 2010 9:41pm
I was wondering if you guys had any broker recommendations. I use metatrader through forex.com and they only offer about 24 pairs for me to trade. I know there are a total of about 43. I hedge and take both sides of the position.

Any recommendations on which brokers to use for hedging all pairs.

Thanks,
  • #2
  • Sep 23, 2010 7:09am Sep 23, 2010 7:09am
Dear traders
I am new here so please help me to fit in, please help me too.
I need to find a broker with the following factors.http://cdn.forexfactory.com/images/s...im/praying.gif
1- i want a regulated Broker
2- i am from Iran so i prefer to find a broker in Asia or anywhere that let us work with them.
3- my equity is around 3000$ and i prefer a broker with a high leverage like 1:400http://cdn.forexfactory.com/images/s.../moneyeyes.gif
4- my trading strategy needs lot (volume) from 0.01 to 1 and the 0.01 part is so important for mehttp://cdn.forexfactory.com/images/s...ydreaming_.gif
5- i think no one likes brokers with high spread so i dont need to talk about this one

u know i am so pessimistic about brokers, i just got coned http://cdn.forexfactory.com/images/s..._wits_end_.gifby one of them and lost 5000$ they dont give my money back....
i appreciate any kind of information please HELP MEhttp://cdn.forexfactory.com/images/s...ove_struck.gif
  • #3
  • Sep 23, 2010 8:08am Sep 23, 2010 8:08am
yasi sorry to hear you got taken by a broker, if you don't mind me asking, who was it?
  • #4
  • Sep 23, 2010 8:14am Sep 23, 2010 8:14am
Quoting yasi
Dear traders
I am new here so please help me to fit in, please help me too.
I need to find a broker with the following factors.http://cdn.forexfactory.com/images/s...im/praying.gif
1- i want a regulated Broker
2- i am from Iran so i prefer to find a broker in Asia or anywhere that let us...
You might try FxPro and Tadawul FX. Both based in Cyprus and as such might not have a problem with giving you an account. I'd assume you'd be ok at either of those. Then there's FxOpen also (based in Egypt I think?), but they have a pretty bad reputation, although this will undoubtedly result in the same 2 guys that always post about how great FxOpen is coming in here and telling us the same thing for like the 1,000th time (I predict we'll hear from them in less than 24 hours )

Re. the first 2, neither is necessarily the best broker in the world (I had an acct at FxPro a couple years ago), but they should meet your requirements...
  • #5
  • Sep 23, 2010 10:40am Sep 23, 2010 10:40am
thank u all for the information i will check their website ASAP i hope i can work with them
and the broker which dont let me withdraw my money is prime4x if u know any info about it let me know maybe i can do something with it
  • #6
  • Sep 23, 2010 12:51pm Sep 23, 2010 12:51pm
Quoting yasi
thank u all for the information i will check their website ASAP i hope i can work with them
and the broker which dont let me withdraw my money is prime4x if u know any info about it let me know maybe i can do something with it
You can try Forex Peace Army; they have a "scam resolution" process where they contact the broker for you and try to work it out on your behalf. They have some requirements, like minimum number of posts in their forum, but it's free and they've helped a lot of people so worth a shot probably.

http://www.forexpeacearmy.com/recovery/
  • #7
  • Sep 23, 2010 4:45pm Sep 23, 2010 4:45pm
Quoting TC East
You can try Forex Peace Army; they have a "scam resolution" process where they contact the broker for you and try to work it out on your behalf. They have some requirements, like minimum number of posts in their forum, but it's free and they've helped a lot of people so worth a shot probably.

http://www.forexpeacearmy.com/recovery/
Yes, that's correct, FPA may be able to help.

2 yasi: What's the name of the broker you got ripped off by? Can you tell us?

As for recomendations - definitely nuff said before me, but I'd suggest FBS for the requirements you have. Thanks.
  • #8
  • Sep 23, 2010 5:03pm Sep 23, 2010 5:03pm
Quoting Acrita
Yes, that's correct, FPA may be able to help.

2 yasi: What's the name of the broker you got ripped off by? Can you tell us?
He said in above post: "and the broker which dont let me withdraw my money is prime4x"

I don't know anything about them though...
  • #9
  • Sep 23, 2010 5:56pm Sep 23, 2010 5:56pm
Quoting TC East
He said in above post: "and the broker which dont let me withdraw my money is prime4x"

I don't know anything about them though...
oops, my bad
  • #10
  • Sep 24, 2010 3:09am Sep 24, 2010 3:09am
i am using oanda.
  • #11
  • Sep 24, 2010 3:10am Sep 24, 2010 3:10am
it has low spread. but from iran this could be perhaps problem.
  • #12
  • Sep 24, 2010 9:10am Sep 24, 2010 9:10am
i dont know what is wrong with this website.
i think it dosnt let me post more than 3 massage per day
4 of my reply are omitted and i aam writing again

i really got shocked and happy when i found out i can ask some organization to help me get my money back and i am the most thankful to u guys who showed me these sites

prime kept my money for about 6 month i cant close my account or even have my benefits, they says "we need to verify your account and information"
verify my .... their website is http://www.prime4x.com/

guys i found myself a broker "broco" http://www.brocompany.com/ i think they are fine but i would appreciate if someone take a professional look at it
specially if u can tell me if broco's regulation is trustworthy
  • #13
  • Sep 24, 2010 9:19am Sep 24, 2010 9:19am
Quoting yasi
i dont know what is wrong with this website.
i think it dosnt let me post more than 3 massage per day
4 of my reply are omitted and i aam writing again

i really got shocked and happy when i found out i can ask some organization to help me get my money back and i am the most thankful to u guys who showed me these sites

prime kept my money for about 6 month i cant close my account or even have my benefits, they says "we need to verify your account and information"
verify my .... their website is http://www.prime4x.com/

guys i found...

I heard cases similar to this with some traders trading with them, prime4x was already almost banned in cyprus?
  • #14
  • Sep 24, 2010 10:36am Sep 24, 2010 10:36am
Quoting yasi
i dont know what is wrong with this website.
i think it dosnt let me post more than 3 massage per day
4 of my reply are omitted and i aam writing again

i really got shocked and happy when i found out i can ask some organization to help me get my money back and i am the most thankful to u guys who showed me these sites

prime kept my money for about 6 month i cant close my account or even have my benefits, they says "we need to verify your account and information"
verify my .... their website is http://www.prime4x.com/

guys i found...
Hi yasi...you can use the FPA site to get broker reviews also; pretty sure Broco has a numbers of reviews there. I don't know much about them myself however. Best wishes, and hope you get a right resolution to the issues with your old broker...

http://www.forexpeacearmy.com/public...broker_reviews
  • #15
  • Sep 24, 2010 5:23pm Sep 24, 2010 5:23pm
tnx TC EAST
i made some comment on their live forum discussion
i made it there thanks to you
i hope i can have my money, then u buy a bear my treat
  • #16
  • Last Post: Sep 24, 2010 8:24pm Sep 24, 2010 8:24pm
Quoting yasi
tnx TC EAST
i made some comment on their live forum discussion
i made it there thanks to you
i hope i can have my money, then u buy a bear my treat
Haha! Yes, I do hope it all turns out well. Best wishes to you
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