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Which Broker is truly reliable?

  • #21
  • Apr 6, 2012 11:32am Apr 6, 2012 11:32am
Who actually owns FXPro? Anyone?
  • #22
  • Apr 6, 2012 12:50pm Apr 6, 2012 12:50pm
Quoting fxstevyboy
Why do people even open accounts with brokers like FXPros? Do you not understand the point of regulation? Without it, they can just steal from you. OMG. Dukas is a scam too. I would stick to Oanda or MB Trading. I have account ith MB for 4 months, my EA turned $6000 into $11,000 and I withdrew $8000...same day, no problem. Why would you mess with junk like FXPros.
could you share with us wich EA are you trading with
  • #23
  • Apr 6, 2012 6:11pm Apr 6, 2012 6:11pm
Quoting PipQuantum
could you share with us wich EA are you trading with
So now you need an EA too? I thought you turned 2.5k into 15k, why would you want his, he only turned 6k into 11k. Your system must be much better than his.
  • #24
  • Apr 6, 2012 7:12pm Apr 6, 2012 7:12pm
Quoting PeterParker
For me the most reliable broker is those who has no problems with money withdrawal? If you can't withdraw your money for what is trading for?
lol they will take your money by spikes , slow execution , fees , commissions , swap , high spreads ....not by keeping your money in their bucket like idiots illegally .
  • #25
  • Apr 7, 2012 10:04am Apr 7, 2012 10:04am
Quoting grooler
So now you need an EA too? I thought you turned 2.5k into 15k, why would you want his, he only turned 6k into 11k. Your system must be much better than his.
pipQuantum could you kindly post your trade record during the period you turned 2500 to 5k so we can all see and verify your claims, and you can delete your personal info.

These are weighty alligations you made. I have never experienced or heard of such with fxpro while they accepted US clients and i seriously doubt your claims. Kindly prove us all wrong and post your fxpro account report
The only way not to think about money is to have a great deal of it
  • #26
  • Apr 8, 2012 7:08am Apr 8, 2012 7:08am
Quoting Makavelli7
pipQuantum could you kindly post your trade record during the period you turned 2500 to 5k so we can all see and verify your claims, and you can delete your personal info.

These are weighty alligations you made. I have never experienced or heard of such with fxpro while they accepted US clients and i seriously doubt your claims. Kindly prove us all wrong and post your fxpro account report

Interesting....hmmmm......lets see....
  • #27
  • Apr 8, 2012 7:36am Apr 8, 2012 7:36am
Quoting vni
omg ... I'm opening an account at Fxpro, anyone here has the same problem wit Fxpro yet?
Im currently with FXPRO and have accounts on their MT4 platform and ECN cTrader platform, not had 1 requote yet, however I'm sure I was a victim of stop hunting on my EURCHF long postion @ 1.2005 on friday on a spike on the 1 minute charts at 5.34pm GMT, the spike went to 1.2003 however on all my other charts with other brokers, there was no spike.
  • #28
  • Apr 8, 2012 9:38am Apr 8, 2012 9:38am
Quoting GDR3k
Im currently with FXPRO and have accounts on their MT4 platform and ECN cTrader platform, not had 1 requote yet, however I'm sure I was a victim of stop hunting on my EURCHF long postion @ 1.2005 on friday on a spike on the 1 minute charts at 5.34pm GMT, the spike went to 1.2003 however on all my other charts with other brokers, there was no spike.
I traded at FXPro for 2 years or so and had only 2 requotes which is pretty good. Really can't understand some of the critics here tbh. Also callind Dukascopy a scam is just stupid, sorry. When Duka is a scam everything else must be scam too. I'm trading there for 3 years and am in talks to lots of other traders there that are as happy as I am there.
  • #29
  • Apr 8, 2012 9:38am Apr 8, 2012 9:38am
Quoting PipQuantum
could you share with us wich EA are you trading with
From the above request its easy to see that pipquantum's claim is a hoax. I doubt if he can turn 2500 to 3000 in a year.

Probably he lost all his account and decided to blame his broker. From experience, ive discovered that 99% of all those that complain about brokers in virtualy all forums are either scalpers or EA users. When you trade with a 10 or 15pips stoploss, you are asking for trouble indeed
The only way not to think about money is to have a great deal of it
  • #30
  • Apr 9, 2012 3:38am Apr 9, 2012 3:38am
To my opinion it often happens so that for one trader broker is reliable and for other trader the same broker is not a good one. I also wanted to find a statistics of brokers, a good and independent statistics, which people can really believe. I found it on earnforex. They work from 2005 and don't cooperate with any of brokers.To believe it or not, of course it's all up to you.
http://www.earnforex.com/forex-brokers/?sort=2
  • #31
  • Apr 9, 2012 8:42am Apr 9, 2012 8:42am
Hi all,

i created an account with starfishfx, but im not sure if they are reliable. does anyone know if this brokerage is reliable? or how i can go about finding out?

Pls do not delete my post, let me know why it's deleted at least? I just want to find out if this brokerage is reliable.

thank you!
  • #32
  • Apr 9, 2012 9:19am Apr 9, 2012 9:19am
Quoting tenfold
Hi all,

i created an account with starfishfx, but im not sure if they are reliable. does anyone know if this brokerage is reliable? or how i can go about finding out?

Pls do not delete my post, let me know why it's deleted at least? I just want to find out if this brokerage is reliable.

thank you!
Where is there HQ? who are they regulated by? What is their history? these are the question you need to answer to find out how reliable a brøker is... Also, other members can't delete your post...
  • #33
  • Apr 9, 2012 9:38am Apr 9, 2012 9:38am
Quoting tenfold
Hi all,

i created an account with starfishfx, but im not sure if they are reliable. does anyone know if this brokerage is reliable? or how i can go about finding out?

Pls do not delete my post, let me know why it's deleted at least? I just want to find out if this brokerage is reliable.

thank you!
  • #34
  • Apr 9, 2012 9:41am Apr 9, 2012 9:41am
Quoting rooicol
Where is there HQ? who are they regulated by? What is their history? these are the question you need to answer to find out how reliable a brøker is... Also, other members can't delete your post...
my post keeps being deleted by moderator for some reason i dont understand why. maybe cos it sounded like i was advertising.

How do i go about finding out those items you mentioned? like is there a site i can check and all?
  • #35
  • Apr 9, 2012 4:54pm Apr 9, 2012 4:54pm
Quoting tenfold
Hi all,

i created an account with starfishfx, but im not sure if they are reliable. does anyone know if this brokerage is reliable? or how i can go about finding out?

Pls do not delete my post, let me know why it's deleted at least? I just want to find out if this brokerage is reliable.

thank you!
That's the ForexFactory Virtual Moderator Plugin at work for you.
  • #36
  • Edited 5:41pm Apr 9, 2012 5:17pm | Edited 5:41pm
All brokers want you to lose to win them, so, which broker is truly reliable? No one.
  • #37
  • Apr 9, 2012 5:36pm Apr 9, 2012 5:36pm
Quoting zonrokoy
That's the ForexFactory Virtual Moderator Plugin at work for you.


Now that there is funny I don't care who you are!
  • #38
  • Apr 9, 2012 5:38pm Apr 9, 2012 5:38pm
Quoting jamb0
All brokers want you to lose to win them, so, which broker is truly reliable? No one.
All businesses want to take your money. This is called capitalism. There are br0kers who want to serve their clients, and there are br0kers who want to rob their clients. It's actually pretty easy to determine, to which group does your current br0ker belong to.

Br0kers do have a dilemma these days.

a) If you offer 50% bonuses, you can grab a pretty nice group of sheeple to rob. You can make a nice profit short term, but there will be no future for you in the long term as the sheeple who survive will discover all your tricks and leave.

b) On the other hand, if your br0ker acts responsibly, provides a good service (but no 50% bonuses) it will have difficult times attracting enough clients to become profitable, initially. But if it survives, then long-term it will wipe out most of the guys from group A.

c) There is also a third group, though. Here we have the br0kers that used to belong to group A, but they robed and slaughtered enough sheeple, and made enough money to make their owners satisfied, and then decided to become honest (do the FSA license for example). Of course, these sheeple who survived from the initial slaughter, will remember the faces and voices of the guys who slaughtered their sheeple-buddies.
  • #39
  • Apr 9, 2012 5:45pm Apr 9, 2012 5:45pm
Quoting Cheese_Mouse
All businesses want to take your money. This is called capitalism. There are br0kers who want to serve their clients, and there are br0kers who want to rob their clients. It's actually pretty easy to determine, to which group does your current br0ker belong to.

Br0kers do have a dilemma these days.

a) If you offer 50% bonuses, you can grab a pretty nice group of sheeple to rob. You can make a nice profit short term, but there will be no future for you in the long term as the sheeple who survive will discover all your tricks and leave.

b)...

I agree with you.

I also recommend always big br0kers, the bigger is a br0ker, the more reliable, because it has more novice traders to "steal" their money (taking the opposite side of their trades), and they have more margin to pay your profits (if you are one of the 5% of profitable traders), but truly truly reliable? No one...

What forex br0kers are bigger enough to pay you profits without going bankruptcy? Oanda, FXCM...
  • #40
  • Apr 9, 2012 6:04pm Apr 9, 2012 6:04pm
Quoting jamb0
I agree with you.

I also recommend always big br0kers, the bigger is a br0ker, the more reliable, because it has more novice traders to "steal" their money (taking the opposite side of their trades), and they have more margin to pay your profits (if you are one of the 5% of profitable traders), but truly truly reliable? No one...

What forex br0kers are bigger enough to pay you profits without going bankruptcy? Oanda, FXCM...
Big doesn't necesserily mean safe and reliable. Remember MF Global? And there were others before MFG that went bust aswell - most people just don't remember this anymore.

For example I was a client of US futures br0ker Lind Waldock for years. It was a small house, but provided excellent service. When they were taken over by MFG I decided to leave.

Out of current big br0kers I would probably choose Oanda, if big is your only criteria. But I've been also with them and have now gone. There are no ideal br0kers, with any br0ker you choose you have to make some adjustments.
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