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Perfect Broker? 3 replies

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A perfect broker

  • #41
  • Apr 20, 2012 8:44am Apr 20, 2012 8:44am
The fact that your broker just supposedly just sent your money back tells me you were a total pain in the ass to deal with...Lets be honest brokers Do Not just send your money back out of the blue...just doesnt happen.
Judging by the way you have dealt with anyone on here who has Questioned the reasons why you are paranoid about your broker, tells me the kind of person you are... Wake up its not your broker its YOU!
Venture out and Thrive where there is no Supervision... R.L
  • #42
  • Apr 20, 2012 8:49am Apr 20, 2012 8:49am
Quoting FXWHEELS
The fact that your broker just supposedly just sent your money back tells me you were a total pain in the ass to deal with...Lets be honest brokers Do Not just send your money back out of the blue...just doesnt happen.
Judging by the way you have dealt with anyone on here who has Questioned the reasons why you are paranoid about your broker, tells me the kind of person you are... Wake up its not your broker its YOU!
And judging by the way you talk you are one more loser that the brokers love!
  • #43
  • Apr 20, 2012 9:05am Apr 20, 2012 9:05am
So far in my experience around forums I see 2 main groups of traders that complain against brokers.

1 - The newbie

2- The profitable


The majority of complaints are generated by newbies that have no idea on how the market works and complain about anything. The complaints usually come from scalpers mad about spikes, news traders about spread widening etc.

I don't blame the broker for "spiking" a scalper out of a trade or widening the spreads during high volatile events.

What I'm against is the advertising model.

Brokers mislead newbies with low spreads, high leverage, and promises of a decent platform. Just to deliver ZERO of what was promised ( advertised ), thats the "bucket shop" culture I mentioned above.


The profitable guy, that worked his butt off to get where he is and start to be " heavy" for the broker complains IMHO with some grounds.
  • #44
  • Apr 20, 2012 12:55pm Apr 20, 2012 12:55pm
blablabla

Switch to Dukascopy. 5k minimum deposit. Tight SWFX spreads. Commission charged per million usd traded.
  • #45
  • Apr 24, 2012 4:56pm Apr 24, 2012 4:56pm
Quoting pipmutt
misfits, hehe




Instead of just repeating, why don't you give us some more info and examples, with maybe a screenshot or video so we can see. What's your account size, what sessions do you trade, what time frame do you trade, let's get some more details!

You guys make me laugh, you want tight spreads, instant fills, no requotes, no slippage, smoothed quotes, no commission.....all on a nickel and dime account.....and then you moan when the brøker shaves a few tenths of a pip from your bottom line! Get real!



Must realise the need to take responsability before moving forward as traders.....
The quality of your life is brought about by the quality of your thinking.
  • #46
  • Apr 24, 2012 5:20pm Apr 24, 2012 5:20pm
Quoting FXWHEELS
The fact that your broker just supposedly just sent your money back tells me you were a total pain in the ass to deal with...Lets be honest brokers Do Not just send your money back out of the blue...just doesnt happen.
Judging by the way you have dealt with anyone on here who has Questioned the reasons why you are paranoid about your broker, tells me the kind of person you are... Wake up its not your broker its YOU!
My guess is that if they sent a check the balance was too low to cover the wire fee.
  • #47
  • Apr 24, 2012 5:25pm Apr 24, 2012 5:25pm
Quoting thelws
THERE ARE brokers like these.

They are just too complex for the average trader and probably too expensive.

Check out some of these:
dukascopy
think or swim
interactive brokers.

Notice that all of these brokers charge commissions and have fairly high barrier to entry which automatically puts off many retail traders. However, they are the real deal.
Dukascopy trades against clients.
  • #48
  • Apr 25, 2012 6:16am Apr 25, 2012 6:16am
Most of the traders have bad experience with Dukascopy. So, I don't think it is a good broker.
  • #49
  • Apr 25, 2012 7:44am Apr 25, 2012 7:44am
Quoting saussiche
My guess is that if they sent a check the balance was too low to cover the wire fee.
LOL! Amazing how people judge other people based on their own experience.

But I have to admit that it was a funny post
  • #50
  • Apr 25, 2012 7:55am Apr 25, 2012 7:55am
A perfect broker will not:

Freeze their platform in order to cheat you.

kick you out, if you are making money.

Use sophisticated algorithm to manipulate spreads against you.

Advertise "scalp allowed" just to spike you out of your scalps.

Hire and keep rude costumer service people.

Lock you on crappy platforms.

Send their trolls to defend them on FF forums

And the list goes on
  • #51
  • May 21, 2012 8:00pm May 21, 2012 8:00pm
When I saw this video at zerohedge I thought about opening a discussion on it in the brokers thread. Than I remembered that FF would never let it happen and the thread would be moved here anyways, so I decided to post it here in this old thread.

Ok this one goes to Oanda, FXCM, MBT and all other bucket shops out there. Also it goes to their damage control crew that work 24/7 here on FF trying their best to discredit any truth spoken about their bosses.


Inserted Video
  • #52
  • May 21, 2012 8:23pm May 21, 2012 8:23pm
wtf does that video have to do with forex or forex brokers??
  • #53
  • May 21, 2012 8:57pm May 21, 2012 8:57pm
Quoting dice action
wtf does that video have to do with forex or forex brokers??
Everything!
  • #54
  • May 21, 2012 9:24pm May 21, 2012 9:24pm
Strike 1 : Brokers are evil...

Strike 2 : Broker trolls are running amok on FF (Broker Moles ;-) )

Strike 3 : Your hedging...


NOW...Just because I am a nice guy why dont you trade with IB ?

NOW...If you trade with IB already and are still under the same beliefs then
I think you need to take a long hard look in the mirror. Your the problem not the brokers.
Master your Mind,,,Master the Market
  • #55
  • May 21, 2012 9:52pm May 21, 2012 9:52pm
Quoting bluesteele
Strike 1 : Brokers are evil...

Strike 2 : Broker trolls are running amok on FF (Broker Moles ;-) )

Strike 3 : Your hedging...


NOW...Just because I am a nice guy why dont you trade with IB ?

NOW...If you trade with IB already and are still under the same beliefs then
I think you need to take a long hard look in the mirror. Your the problem not the brokers.
Option 1 - You are funny LOL!

Option 2 - I didn't get it.

Anyways LOL!
  • #56
  • May 21, 2012 11:52pm May 21, 2012 11:52pm
Rarely is it the case that brokers are in fact beating the trader. The first real enemy of the retail trader is their self inflicted poor decision making due to lack of mental/emotional discipline. The second is the market.
  • #57
  • May 22, 2012 12:17am May 22, 2012 12:17am
still reading.why dont anyone list the best broker?
  • #58
  • May 22, 2012 5:56am May 22, 2012 5:56am
Quoting mfoste1
Rarely is it the case that brokers are in fact beating the trader. The first real enemy of the retail trader is their self inflicted poor decision making due to lack of mental/emotional discipline. The second is the market.
I agree.

But in a funny way, this video tells a big truth about where your brokers interest is focused.

Brokers are competing against you in the market.
  • #59
  • May 22, 2012 8:33am May 22, 2012 8:33am
as long as you are not a scalper which closed trade just for a couple of pips, then it is not difficult to find a good broker.

Just pick up a broker with NFA or FSA regulated broker (i prefer a broker with dealing desk so you call them to closed your trade if plattform freezing).

My 10 list Broker :
- Dukascopy
- FXCM
- Oanda
- Saxo Bank
- Barx
- RBS Marketplace
- DAB Bank
- Alpari
- Fxpro
- CitiFxpro
  • #60
  • May 22, 2012 9:22am May 22, 2012 9:22am
Quoting myfxpath
as long as you are not a scalper which closed trade just for a couple of pips, then it is not difficult to find a good broker.

Just pick up a broker with NFA or FSA regulated broker (i prefer a broker with dealing desk so you call them to closed your trade if plattform freezing).

My 10 list Broker :
- Dukascopy
- FXCM
- Oanda
- Saxo Bank
- Barx
- RBS Marketplace
- DAB Bank
- Alpari
- Fxpro
- CitiFxpro
A agree that a non scalping approach would give you some advantage against the broker.

My point is that the broker compete with you. They are not your friend or after your best interest as they try to sell in their advertisement.

In my opinion your list has one of the 10 worst brokers one can find. Threw MBeta in there and the 11 worst list will be complete.
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