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Not A Single Broker found

  • #1
  • First Post: May 26, 2011 3:15am May 26, 2011 3:15am
Help guys, i did a lot of research for choosing the right broker for me, but whenever i read the reviews of the shortlisted brokerage, i put a cross over that broker.

seems like every single broker is out there to eat on your money. even large reputed brokerage such as Oanda, FXCM, IBFX appear to be scamming peoples money, stopping them out by reducing leverage, stop loss hunting etc.

i am wondering if at all these reviews by people are genuine , i mean c'mon , not everybody can be a cheat in this business.

can anyone suggest a good broker with whom he/she has had personal experience..
  • #2
  • May 26, 2011 3:16am May 26, 2011 3:16am
how does Oanda cheat their customers?
  • #3
  • May 26, 2011 4:07am May 26, 2011 4:07am
Quoting neuron
how does Oanda cheat their customers?
Not a clue man, i never said that oanda cheats, just that if you google oanda reviews , u'll find many people who claim to be cheated by them. and this is not just with oanda, with every major or minor broker. i am so confused myself.. hope somebody can guide me into choosing the right broker..
  • #4
  • May 26, 2011 5:55am May 26, 2011 5:55am
here are the list of most prefered brokers and they are reliable as well...u can choose any of them.



oanda
fxpro
Alpari
Fxdd
Fxcm
mb trading
interbank fx

I have personally used fxpro and alpari
Trade responsiblypatience is the key/Swing trader
  • #5
  • May 26, 2011 5:57am May 26, 2011 5:57am
Quoting Kt100
Not a clue man, i never said that oanda cheats, just that if you google oanda reviews , u'll find many people who claim to be cheated by them. and this is not just with oanda, with every major or minor broker. i am so confused myself.. hope somebody can guide me into choosing the right broker..
some times compititors put fake reviews on internet to stop people from joining good companies.
Trade responsiblypatience is the key/Swing trader
  • #6
  • May 26, 2011 8:49am May 26, 2011 8:49am
Quoting Incrediblle
here are the list of most prefered brokers and they are reliable as well...u can choose any of them.



oanda
fxpro
Alpari
Fxdd
Fxcm
mb trading
interbank fx

I have personally used fxpro and alpari

That's a decent list of the best names. I still think a couple of those are scary (FXDD), but I don't think I'd consider anything outside of that list.
  • #7
  • May 27, 2011 7:11am May 27, 2011 7:11am
Quoting Incrediblle
some times compititors put fake reviews on internet to stop people from joining good companies.
thanks for the info.., i have actually narrowed down to OANDA.

starting with them next week.
  • #8
  • May 27, 2011 8:52pm May 27, 2011 8:52pm
Kt100,

At least 95% traders in this market lose eventually. Think about it.

Of course most reviews will be bashing. What would you expect? People don't like to fail and will blame it on anything except themselves, it's human nature. Also, people tend to blame the bröker when they experience things like slippage, disconnections, spikes and spread widening during news etc, even though these things are only natural and can happen sometimes. Don't listen to losers and just educate yourself about how brökers and the forex market works. Here's a nice article that you should read, preferably more than once:

http://www.forexfactory.com/showthread.php?t=7484

Quoting Kt100
thanks for the info.., i have actually narrowed down to OANDA.

starting with them next week.
Oanda is fine if you wanna trade there.

Best of luck.
  • #9
  • May 27, 2011 9:11pm May 27, 2011 9:11pm
you should try interactive brokers. unfortunately, it's hard to understand how to trade with them.
Be the market
  • #10
  • May 28, 2011 1:10pm May 28, 2011 1:10pm
You will find scam reviews for any broker. There are always people who are stuff of other broker or they just dont like it and put scam reviews. Also Broker's stuff write good reviews... So, you should try your self. choose one with a good rating and try. As i say before - you can look at 100forexbrokers, forexpeacearmy, and earnforex. Good luck and Happy Trading!
  • #11
  • May 28, 2011 9:21pm May 28, 2011 9:21pm
I would also add GFT to the list.. only because in the year I've been with them, I've had very few issues.

Sure, every broker platform will have the occasional freeze or no login.. we're talking Internet and IT here.. it happens even on banking systems.

In regards to bad reviews, it could be marketing competition, or it could just be people who blew up their accounts or lost money and have nothing else to blame it on except the broker.

It also depends on your trading frame. I don't trade minute to minute or even short-term.. but those who do obviously incur much higher risk in having to have a system (and network) up every minute. Everyone should have a risk plan and know what they are up against, regardless of broker.
  • #12
  • May 29, 2011 12:17am May 29, 2011 12:17am
I have been with Oanda since 2004...... Bottom line, If you don't know how to trade no broker is going to help.
  • #13
  • Last Post: May 29, 2011 2:20am May 29, 2011 2:20am
Quoting Kt100
Not a clue man, i never said that oanda cheats, just that if you google oanda reviews , u'll find many people who claim to be cheated by them. and this is not just with oanda, with every major or minor broker. i am so confused myself.. hope somebody can guide me into choosing the right broker..
It is fake reviews, thousands use Oanda, if they didn't pay out it would be all over forexfactory.
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