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Wonderful! The Bank itself

  • #1
  • First Post: Apr 2, 2006 1:15am Apr 2, 2006 1:15am
Hi everyone,

Do you think it's more secure to choose a bank (e.g., Saxobank) as your broker?
  • #2
  • Apr 2, 2006 3:31am Apr 2, 2006 3:31am
Quoting forexemperor
Hi everyone,

Do you think it's more secure to choose a bank (e.g., Saxobank) as your broker?
I do not think so,

Entity which specializes on trading is more competitive

I think banking should be separated from trading activity,
Bank can hold customers funds and broker provides service,

Risks should be alocated properly
kiss the trend
  • #3
  • Apr 6, 2006 3:55am Apr 6, 2006 3:55am
Agree with above post. Go with the experts. Oanda is my pick. Lets you manage money to the cent if you want and has very tight spreads.

If your worried about security of you funds with a major FX broker then maybe Forex isnt the right place to be putting your money in the first place! Just my 2 cents (about all im worth at the moment)

Does anyone know if there is a broker around that offers below 1.5 pips on EUR/USD?
  • #4
  • Apr 6, 2006 5:18am Apr 6, 2006 5:18am
Hi,

does any of you have (good) experiences trading spot with saxobank?
I consider shifting from ACM to Saxobank...

Thanks in advance,
  • #5
  • Apr 6, 2006 6:11am Apr 6, 2006 6:11am
Quoting fingotrader
Hi,

does any of you have (good) experiences trading spot with saxobank?
I consider shifting from ACM to Saxobank...

Thanks in advance,

Hi everyone,
I'm not sure what you mean, fingotrader. I demoed saxobank spots... it was ok and the speards, compared to others, are approximately the same with other borkers. One thing you should make sure of, make sure that enry limits are not abhorable! With saxowebtrader platform, you cannot make an entry order that is more than 100 pips away from the current price! I'm not sure if that is the same with the other types of saxo platforms; not sure if that applies to spot trading, too.

Regards
  • #6
  • Apr 6, 2006 6:19am Apr 6, 2006 6:19am
Thanks for reply, the reason why I would like to change is primarly due to I trust this company more than ACM..other comments?
  • #7
  • Apr 6, 2006 8:11am Apr 6, 2006 8:11am
Quoting Adsta
Agree with above post. Go with the experts. Oanda is my pick. Lets you manage money to the cent if you want and has very tight spreads.

If your worried about security of you funds with a major FX broker then maybe Forex isnt the right place to be putting your money in the first place! Just my 2 cents (about all im worth at the moment)

Does anyone know if there is a broker around that offers below 1.5 pips on EUR/USD?
Oanda rulz . I don't think there is a lower spread that 1.5 on EUR/USD.
Try hard, think fast, die young
  • #8
  • Last Post: Apr 6, 2006 5:59pm Apr 6, 2006 5:59pm
Quoting forexemperor
Hi everyone,

Do you think it's more secure to choose a bank (e.g., Saxobank) as your broker?
BTW, I talked with a representative from Saxobank a couple of days ago, and he said that they were planning to lower the spread by 1 pip in a couple of weeks or so, so that the EUR/USD spread will be 2 pips etc.
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