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Looking for a broker that...

  • #1
  • First Post: Jan 3, 2012 5:57am Jan 3, 2012 5:57am
Hi folks,

i'm looking for a broker that offers:

- EUR accounts
- leverage at least 100:1
- EURUSD spread 1 pip or less
- other major pair spreads 2 pips or less
- (if possible paypal as a payment option)

thanks!
  • #2
  • Jan 3, 2012 6:15am Jan 3, 2012 6:15am
Quoting inad07
Hi folks,

i'm looking for a broker that offers:

- EUR accounts
- leverage at least 100:1
- EURUSD spread 1 pip or less
- other major pair spreads 2 pips or less
- (if possible paypal as a payment option)

thanks!
depends on how much your looking to start your account with, if you don't want alll the games market makers play then i will go with a ecn type broker, so i would say mbtrading if starting out less the 25k
  • #3
  • Jan 3, 2012 7:09am Jan 3, 2012 7:09am
Quoting inad07
Hi folks,

i'm looking for a broker that offers:

- EUR accounts
- leverage at least 100:1
- EURUSD spread 1 pip or less
- other major pair spreads 2 pips or less
- (if possible paypal as a payment option)

thanks!
The standards are quite high. How much can you afford to risk? Agree with PoundTrader, ECN would be better. But as for paypal, don't know if you will find a big company that accepts such payment methods.
  • #4
  • Jan 3, 2012 7:22am Jan 3, 2012 7:22am
thx for your replies!
yes, i forgot to mention how much i would like to start with. €300/$400 is fine.
  • #5
  • Jan 3, 2012 9:40am Jan 3, 2012 9:40am
Quoting inad07
Hi folks,

i'm looking for a broker that offers:

- EUR accounts
- leverage at least 100:1
- EURUSD spread 1 pip or less
- other major pair spreads 2 pips or less
- (if possible paypal as a payment option)

thanks!
Hi,

1. Euro accounts easy
2. leverage too as long you don't use US brokers
3. EU spread would be less than a pip with an ECN but you will get commission almost hard to get it real spread below 1 pip with such account size
4. same as 3 point spread + commish will usually set it higher & most ECN accounts are mini not micro. Dangerous.
5. No paypal around but many brokers offer skrill.
6. 300 €/400 $ will eliminate many good brokers that have good execution.

You need to find the right balance among your priorities and may be add more $$ only to open account ( don't trade it or take risk over it!). Same over paypal requirement that you might drop.

Regards
13
Brokers are angels
  • #6
  • Jan 3, 2012 11:06am Jan 3, 2012 11:06am
Go with deltastock. I have been with them for a few months now.

Their fixed EURUSD spread is 2 pips, but they also offer level 2 (ECN) interface within the same account that has EURUSD spread less than 1 most times.

For a low startup deposit like you, I doubt you can find a broker with better execution then deltastock.

HTH
  • #7
  • Jan 3, 2012 11:15am Jan 3, 2012 11:15am
Quoting inad07
Hi folks,

i'm looking for a broker that offers:

- EUR accounts
- leverage at least 100:1
- EURUSD spread 1 pip or less
- other major pair spreads 2 pips or less
- (if possible paypal as a payment option)

thanks!
I use FxPro for my $600 mini account and I'm a happy customer.

- EUR accounts -> Yes
- leverage at least 100:1 -> Yes (up to 500:1)
- EURUSD spread 1 pip or less -> Yes (when market is volatile)
- other major pair spreads 2 pips or less -> Yes (when volatile, otherwise EU & AU max 2, GU max 3, forgot the others)
- (if possible paypal as a payment option) -> Yes (deposit with paypal = withdraw with paypal)

Other than features, I choose FxPro because I'm a football fan and they are the main sponsor of an English Premier League (EPL) club, Fulham. It shows their seriousness and class in their branding as not many brokers are becoming sponsors of football team, let alone main sponsors. Once I chatted them and told them that imo they should always be a main sponsor for an EPL club (I don't care which) for its prestige (not just for the company but for clients too) and they seemed to be happy to hear that from a client.

The tone of your words reflects the quality and result of your trading ;-)
  • #8
  • Jan 3, 2012 12:21pm Jan 3, 2012 12:21pm
Quoting isaacyassar
I use FxPro for my $600 mini account and I'm a happy customer.

- EUR accounts -> Yes
- leverage at least 100:1 -> Yes (up to 500:1)
- EURUSD spread 1 pip or less -> Yes (when market is volatile)
- other major pair spreads 2 pips or less -> Yes (when volatile, otherwise EU & AU max 2, GU max 3, forgot the others)
- (if possible paypal as a payment option) -> Yes (deposit with paypal = withdraw with paypal)

Other than features, I choose FxPro because I'm a football fan and they are the main sponsor of an English Premier League (EPL) club,...
Hi,

1. FXPRO EU usualy spread is above 1.5.

2. Also you get requotes in fast moves ( I love virtual dealer in action ).

3. When volatility spike & you get thin spread doesn't mean that spread is tradable as you will get slippage there.

4. With FX PRo you have minimal distance for STOP/ limit show again at 5 pips distance from current price means again that the Market maker FX PRO still control execution over the spread & the real spread is far wider from what you see.

Just my point over FX PRO.

13.
Brokers are angels
  • #9
  • Jan 3, 2012 1:07pm Jan 3, 2012 1:07pm
Quoting fx13
Hi,

1. FXPRO EU usualy spread is above 1.5.

2. Also you get requotes in fast moves ( I love virtual dealer in action ).

3. When volatility spike & you get thin spread doesn't mean that spread is tradable as you will get slippage there.

4. With FX PRo you have minimal distance for STOP/ limit show again at 5 pips distance from current price means again that the Market maker FX PRO still control execution over the spread & the real spread is far wider from what you see.

Just my point over FX PRO.

13.
You use FxPro? How long?

Fortunately I never experienced requotes and slippage, been about 2 years with live account. I think my luck has always been good with it
The tone of your words reflects the quality and result of your trading ;-)
  • #10
  • Edited Jan 4, 2012 6:05am Jan 3, 2012 2:53pm | Edited Jan 4, 2012 6:05am
[quote=inad07;5263821]Hi folks,

I am also looking for a broker
A Canadian Broker
does anyone know of a good honest registered ECN Canadian broker?

I was with MF Global till they went bust. I have been looking now for a least four months, and lots of demos,, to find a new broker, I dint realize how many dishonest FX brokers were out there......
I found one ATC Brokers that i think is my best pic so for, the only problem with them is that there in the US, and i cant change there time on there MT4 platform to be the same time as my computer clock,,
I am a scalper, i need low spreads and fast execution. ATC has that , but they charge a commission of $8.00 per lot, if i could find a ECN Broker that charges about half that commission, that would be ok.
Most important ,, i need a broker that will let me withdraw my money ,,, LOL,,
Thanks ,, hope someone can help.. Bye 4 now

Ps i also need 2 trade gold xau/usd and oil
  • #11
  • Jan 5, 2012 7:56am Jan 5, 2012 7:56am
You set a quite high standard. and it's really interesting.

if you prefer lower spread, you can consider currenex account with higher leverage too.

I am using hotforex, which has EUR accounts, EURUSD spread around 1.5. and other major pairs under 2 in most time. up to 500:1 leverage

Paypal is not supported, but other payment methods like western unions, alertpay are supported well...
  • #12
  • Last Post: Jan 5, 2012 2:49pm Jan 5, 2012 2:49pm
[quote=langgbob;5265101]
Quoting inad07
Hi folks,

I am also looking for a broker
A Canadian Broker
does anyone know of a good honest registered ECN Canadian broker?
[left]I was with MF Global till they went bust. I have been looking now for a least four months, and lots of demos,, to find a new broker, I dint realize how many dishonest FX brokers were out there......
I found one ATC Brokers that i think is my best pic so for, the only problem with them is that there in the US, and i cant change there time on there MT4 platform to be the same time as my computer...
Just to point ATC is FXCM raw spread ( they are acting as FXCM agent). & FXCM raw spread is not really ECN see they never claimed it was. It's "ECN like" as they charge commission too but with their tuning. You will face lot of slippage with FXCM negative & positive.

FXCM normal commission is 10 $ going with ATC will lower it to 8$. you can get better with Dukascopy but no MT4 otherwise you might check MBtrading I think they charge 6$ & far better execution.

Hope it helps
13
Brokers are angels
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