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Which Broker is truly reliable?

  • #41
  • Apr 9, 2012 6:18pm Apr 9, 2012 6:18pm
Quoting Cheese_Mouse
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...
I mean that bigger br0kers have more clients and consequently more margin to pay to the 5% of winner traders, but of course that there are small br0kers with good service, ethics has nothing to do with the size of the br0ker
  • #42
  • Apr 10, 2012 1:50am Apr 10, 2012 1:50am
Maybe, you are right that "big" brokers with long history, always pay you money so that you can be sure that there will be no problems with money withdrawal. But I think that sometimes, it is useful to try to work with young brokers who want to have a good reputation.
  • #43
  • Apr 10, 2012 8:48am Apr 10, 2012 8:48am
my post got deleted again =/

so can someone tell me how to check the reliablility? or does someone know?
  • #44
  • Apr 12, 2012 1:11am Apr 12, 2012 1:11am
Have anybody heard that IBFX-AU has stopped trading/receiving funds from the traders from Pakistan. I had opened live account sometime back but due to some losses in my account I stopped trading but did not close my account. Now I want to fund my account again but they are not accepting my funds saying that they no more accepting funds from Pakistan? The reason----------their policy
  • #45
  • Apr 12, 2012 3:41am Apr 12, 2012 3:41am
Pipquantum the one who started this thread has dissapeared because he was asked to produce proof of his malicous claim against fxpro.

I would like advise the good moderators of this forum to hence forth make it mandatory for anyone making a claim or accusation against a broker to produce evidence or their membership would be withdrawn and denied
The only way not to think about money is to have a great deal of it
  • #46
  • Apr 12, 2012 4:03am Apr 12, 2012 4:03am
Makevelli - Prove what you've said about Pipquantum. Or i think moderators should block your account. Lot's of people can't make money even with good systems because of brokers cheating and brokers offten hire loosers to post on forums against traders. I know by myself how it's hard to not being withdrawed after some month of profitable trading. So Prove what you've said or get out and find a good job for you (i think you can become a good waiter maybe)
Aut cum scuto, aut in scuto
  • #47
  • Apr 12, 2012 4:21am Apr 12, 2012 4:21am
Quoting profitmonit
Makevelli - Prove what you've said about Pipquantum. Or i think moderators should block your account. Lot's of people can't make money even with good systems because of brokers cheating and brokers offten hire loosers to post on forums against traders. I know by myself how it's hard to not being withdrawed after some month of profitable trading. So Prove what you've said or get out and find a good job for you (i think you can become a good waiter maybe)
What do you guys have to prove, I don't get it?
  • #48
  • Apr 12, 2012 4:41am Apr 12, 2012 4:41am
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!
StarfishFx sounds like fishing lol. also ads showing 1000$/ day those guys are running for sure a casino!

I never heared about them. Domain name setup in 2010. They show UK & New Zeland addresses in contact but nothing about regulation there!!! And in "why starfish" page nothing too about regulation. So 1000% they are not regulated while showing UK/NZ address that's really fishy!

13
Brokers are angels
  • #49
  • Apr 12, 2012 5:38am Apr 12, 2012 5:38am
Sounds like a shady story. They are a horrible broker / bucket shop - I traded an account with them and would NEVER consider doing it again.

I would stay away from any MT4 bucket shops.

Look for an OLD established large client list Market maker
like GFT or Oanda. They have been around since retail FXs inception.

Find out if the broker has an office you could walk into if you wanted to.

or someone like FXCM for ndd/stp (also had an IPO) who is regulated as the other's are in multiple countries by multiple regulatory agencies.

If you are trading larger capital and want an ECN dukascopy is likely a good choice as well.

Demo, then set up a small account like 500 or 1000 make or lose some money whatever, but try to make several withdrawals through the course of a few months.

Call the customer service and ask for a legal doc sent to you on how withdrawals work. If you are risking over 10k, spend 500 and have a lawyer read it.

Do some research on the forum and dig into the NFA's website if you are in the US about past complaints. or FSA for EU/UK

I don't see how you could have let this happen, yet if it did, I am truly sorry.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #50
  • Apr 12, 2012 8:41am Apr 12, 2012 8:41am
Quoting profitmonit
Makevelli - Prove what you've said about Pipquantum. Or i think moderators should block your account. Lot's of people can't make money even with good systems because of brokers cheating and brokers offten hire loosers to post on forums against traders. I know by myself how it's hard to not being withdrawed after some month of profitable trading. So Prove what you've said or get out and find a good job for you (i think you can become a good waiter maybe)
You sound like a frustrated scalper. Its either you are too dumb to read or you're just plain mischievous! I dont in anyway suggest that brokers do not play games ones in while, yes they do and the main victims are EA users and scalpers.

I left market makers a long time ago and presently trade with a prime broker.

When i asked pipquantum to provide proof of his claim, i actualy wanted to help. If indeed what he says is true, then fxpro would not only be made to pay his full account balance but also pay damages. I dealt with them in the past and they might be guilty of one or two things but refusing to pay a bank wire withdrawal has never been one of them.

Once more pipquantum, kindly provide a copy of your account report for the period you said you turned 2500 to 15000 and ill assure you that youll not only get your $15k but theyll be made to pay you extra for damages.
The only way not to think about money is to have a great deal of it
  • #51
  • Edited Apr 13, 2012 6:51am Apr 12, 2012 9:16am | Edited Apr 13, 2012 6:51am
I have been trading for 3 years , tried around 10-15 brokers , joined a few bucketshop like Fxopen , Fxcast , MasterFX , Liteforex ...even Marketiva lol . Though I got many negative feedbacks from forums and bad reviews about them , unfortunately I haven't had any trouble in withdrawals even when I turned my 150$ to 12.000$ in my fxopen account , successful withdrawal through webmoney without any issue , they even call me to make sure everything is ok before sending the funds .....I got some SL hunting from Fxcast , MasterFX ...but the biggest problem is still about myself , about my trading skills , my trading experience ....I didn't think that it's due to Broker that cause to our lost . Since you're trading well , then you should trade well even in a bucketshop , we're talking about named brokers in the market like Fxcast , Fxopen , MasterFX , Liteforex ...dont' give me some new broker out there and tell me to test lol , stop hunting , spreads widen is still better than withdrawal requests got rejected . Of course if you're trading big capital and wanna a long term broker that can go along with you , then choose carefully , otherwise once you mastered trading skills , making pure income monthly from bucketshop is still possible . Broker in my list : Duskascopy , MIG bank , Alpari UK , Oanda , FXCM , (Gomarkets AUS has been my best broker for 2 years but removed due to they're turning to a wrong direction that care to money than clients ) .
Regards
  • #52
  • Apr 12, 2012 10:54am Apr 12, 2012 10:54am
a guess the scam here is pipquantum himself!?
  • #53
  • Apr 12, 2012 2:37pm Apr 12, 2012 2:37pm
My favourite broker is FXCM. I've tried a couple, but find Marketscope 2.0 combined with them being regulated by the FSA and excellent uptime/reliability the best broker for me.

You can easily find brokers with lower spreads, but like everything else you get what you pay for.
  • #54
  • Apr 12, 2012 6:09pm Apr 12, 2012 6:09pm
The first post sounds more and more like BS... How old is this thread>?

Although I do maintain Fxxproo still sucks as a broker.

sorrry
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #55
  • Apr 12, 2012 9:24pm Apr 12, 2012 9:24pm
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.
Hi, I think the best thing to do is have the best preparation and information so I want to know the system from other people who are successful
  • #56
  • Apr 12, 2012 9:48pm Apr 12, 2012 9:48pm
Quoting profitmonit
Makevelli - Prove what you've said about Pipquantum. Or i think moderators should block your account. Lot's of people can't make money even with good systems because of brokers cheating and brokers offten hire loosers to post on forums against traders. I know by myself how it's hard to not being withdrawed after some month of profitable trading. So Prove what you've said or get out and find a good job for you (i think you can become a good waiter maybe)
I want to thank all those who have given good advice, my intention was to know about everyone experiences whit your own brokers in your trader career and if you have had constant withdrawals

I also saw that some people do not believe my story but that's not something that I care, some people always look for the negative side.

Indeed it is very annoying to work several months and dont get your winnings but i hope to change that soon. I am currently operating a friend's account with IBFX Australia and we hope that this time dont not exist any problem so in the near future open a personal account again.
  • #57
  • Apr 12, 2012 11:44pm Apr 12, 2012 11:44pm
Quoting PipQuantum
I want to thank all those who have given good advice, my intention was to know about everyone experiences whit your own brokers in your trader career and if you have had constant withdrawals

I also saw that some people do not believe my story but that's not something that I care, some people always look for the negative side.

Indeed it is very annoying to work several months and dont get your winnings but i hope to change that soon. I am currently operating a friend's account with IBFX Australia and we hope that this time dont not exist any...
So why did you come to the forum to tell an obvious lie about a broker???
The only way not to think about money is to have a great deal of it
  • #58
  • Apr 12, 2012 11:49pm Apr 12, 2012 11:49pm
Quoting PipQuantum
Hi, I think the best thing to do is have the best preparation and information so I want to know the system from other people who are successful
You are so so full of SH.T!!!
The only way not to think about money is to have a great deal of it
  • #59
  • Apr 13, 2012 1:59am Apr 13, 2012 1:59am
Quoting Makavelli7
.. I don't in anyway suggest that brokers do not play games ones in while, yes they do and the main victims are EA users and scalpers.
they really can do that? could you explain me how?
cause I really start to worried..
  • #60
  • Apr 13, 2012 2:30am Apr 13, 2012 2:30am
Quoting kuntulbacul
they really can do that? could you explain me how?
cause I really start to worried..
If you trade with a market maker then your broker is trading againts you. If you win, the broker loose vice versa...

So majority of these MM have devised a lot of ways to stack the odds in their favour e.g, N SLIPPAGE,STOP HUNTING, WIDENING SPREADS CLOSE TO STOPS, PLATFORM FREEZING... etc

Those that are mainly affected by these tricks are traders that execute multiple trades within munites and use very tight stops 10, 15pips.
The only way not to think about money is to have a great deal of it
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