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Need a new broker

  • #1
  • First Post: Apr 18, 2011 4:03pm Apr 18, 2011 4:03pm
I need help finding a new broker. I started with etoro and they are really for beginners, so it's time to switch. I'm Canadian and will be depositing $2,000. I have heard of Oanda and Dukascopy being reputable but I think Dukascopy requires $5k for minimum deposit. I just want a broker that won't kill me on scalping and that delivers quick and easy withdrawals. Hope you guys can help me
  • #2
  • Apr 18, 2011 4:20pm Apr 18, 2011 4:20pm
Talk to Magix - he's Canadian and with a few years experience behind him - he probably knows what's best there ... My broker is great for scalping but not sure if they're available where you are (IG Index)
  • #3
  • Apr 18, 2011 4:38pm Apr 18, 2011 4:38pm
Quoting chazzle
Talk to Magix - he's Canadian and with a few years experience behind him - he probably knows what's best there ... My broker is great for scalping but not sure if they're available where you are (IG Index)
I'll give him a pm. Thanks dude!
  • #4
  • Apr 18, 2011 5:02pm Apr 18, 2011 5:02pm
no probs
  • #5
  • Apr 18, 2011 6:07pm Apr 18, 2011 6:07pm
There are many good brokers, and there are many factors to take into consideration before choosing one,

Leverage: If you are going to start with a low investment, you may want to choose a broker that offers high leverage. Leverage of 1:500 means that for every dollar you invest, you can actually do $500 worth of trading. High leverage makes it possible to earn money faster and loose money faster.

Slippage: Some brokers trade much faster than other brokers. If you do lots of quick trades you will want low slippage. If you do more long term trades, slippage is not as important.

Commission / Fees / Spread: Depending on your trading style, different fee structures may be better for you.

Jurisdiction: Because of tax implications and asset protection issues, some jurisdictions may be more attractive to people living in some countries while other jurisdictions may be better for others.

Provide us more information about your needs if you want a specific recommendation.
  • #6
  • Apr 19, 2011 5:08am Apr 19, 2011 5:08am
Quoting hknight
There are many good brokers, and there are many factors to take into consideration before choosing one,

Leverage: If you are going to start with a low investment, you may want to choose a broker that offers high leverage....
Good stuff. I forgot the link on youtube, but Scott Shuburt also had an interesting overview of what was and was not needed when it comes to forex brokers. And not surprisingly, spreads was at the bottom of the list.
Measure trends automatically with zero lag
  • #7
  • Apr 20, 2011 12:18pm Apr 20, 2011 12:18pm
Quoting bman204
I need help finding a new broker. I started with etoro and they are really for beginners, so it's time to switch. I'm Canadian and will be depositing $2,000. I have heard of Oanda and Dukascopy being reputable but I think Dukascopy requires $5k for minimum deposit. I just want a broker that won't kill me on scalping and that delivers quick and easy withdrawals. Hope you guys can help me
yeah dukascopy has a high deposit requirement, but just go with fxopen. Coz Dukas have teamed up with them, and are actually providing fxopen their feed. So you have best of both worlds, dukas' feed and MT4.
  • #8
  • Apr 20, 2011 3:20pm Apr 20, 2011 3:20pm
Quoting bman204
I need help finding a new broker. I started with etoro and they are really for beginners, so it's time to switch. I'm Canadian and will be depositing $2,000. I have heard of Oanda and Dukascopy being reputable but I think Dukascopy requires $5k for minimum deposit. I just want a broker that won't kill me on scalping and that delivers quick and easy withdrawals. Hope you guys can help me
Dukascopy have a $1k minumum deposit.
  • #9
  • Apr 21, 2011 12:00pm Apr 21, 2011 12:00pm
I am looking for a FX broker and I am looking for some solid advise from the veterans here.

1. What to look for a broker ?
2. How to select a broker without any IBs or commisions to third parties ?
3. I am looking for a broker for all types of trades..long term, short term and scalping trading.
4. Also any information on hedging accounts.
5. Recommendations on brokers

Appreciate any useful insight on this topic.
  • #10
  • Apr 21, 2011 12:05pm Apr 21, 2011 12:05pm
Quoting Rfbfx
Dukascopy have a $1k minumum deposit.
Sweet nice to know because I've heard a lot of good things about them. I think I might just go with them. The contests they have are pretty cool too.
  • #11
  • Apr 25, 2011 8:51pm Apr 25, 2011 8:51pm
I spent a lot of time going thru many messages in different threads and unable to find the right choice. Is there a comparison chart of all the main brokers somewhere here ? Or can someone advise a reliable decent broker for the below.

1. Need MT4 platform
2. Able to trade micros
3. Not having to pay anything behind the scenes. (Not worried about the spreads, but should not take pips/amount without my knowledge).
  • #12
  • Apr 26, 2011 5:42am Apr 26, 2011 5:42am
Hi guys,

I need a good broker in Switzerland having the following condition:

1- have both Forex and Futures charts
2- have Meta Trader platform
3- Being regulated as a high standard broker

Thanks in advance

Behzad
  • #13
  • Apr 26, 2011 11:05am Apr 26, 2011 11:05am
Quoting kuvala
I spent a lot of time going thru many messages in different threads and unable to find the right choice. Is there a comparison chart of all the main brokers somewhere here ? Or can someone advise a reliable decent broker for the below.

1. Need MT4 platform
2. Able to trade micros
3. Not having to pay anything behind the scenes. (Not worried about the spreads, but should not take pips/amount without my knowledge).
fxopen and alpari i believe.
Enter Signature
  • #14
  • Apr 28, 2011 4:52am Apr 28, 2011 4:52am
hi,does any one here knows which of the brokers are the slowest brokers in reciving charts data ?
  • #15
  • Edited 9:57pm Apr 28, 2011 9:56pm | Edited 9:57pm
i have been looking at a few brokers in australia cmc,fxcm and global prime. cmc and fxcm are okay, but anyone heard or dealt with global prime?
  • #16
  • May 14, 2011 3:54am May 14, 2011 3:54am
I am looking for a broker and MT4 that can show candles in 2H and/or 8H. The open hour candle is on New York time. I appreciate your input. Thank you.
  • #17
  • May 16, 2011 12:31am May 16, 2011 12:31am
Quoting nbafx
I am looking for a broker and MT4 that can show candles in 2H and/or 8H. The open hour candle is on New York time. I appreciate your input. Thank you.
mt4 does not have custom timeframes for charts. Mt5 might.
Measure trends automatically with zero lag
  • #18
  • May 16, 2011 9:21am May 16, 2011 9:21am
Quoting bman204
I need help finding a new broker. I started with etoro and they are really for beginners, so it's time to switch. I'm Canadian and will be depositing $2,000. I have heard of Oanda and Dukascopy being reputable but I think Dukascopy requires $5k for minimum deposit. I just want a broker that won't kill me on scalping and that delivers quick and easy withdrawals. Hope you guys can help me
Take a look to FX Primus, they amazed me last time.
  • #19
  • May 16, 2011 8:35pm May 16, 2011 8:35pm
just curious, josef, what exactly amazed you about FX Primo?
  • #20
  • May 17, 2011 5:12am May 17, 2011 5:12am
My 2c? Fxopen.
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