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Which broker to trade with - investing $1000

  • #1
  • First Post: Aug 31, 2012 11:25pm Aug 31, 2012 11:25pm
hi i am new in forex and almost ready to invest $1000 . currently i am working oanda. but looking for FX solution uk
can any one suggest me a good broker reliable trusty not a scammer/ thieves

basically my plan is to invest in broker and buy a signal service to earn profit
  • #2
  • Sep 1, 2012 4:18am Sep 1, 2012 4:18am
I think OANDA is good enough broker, because of CFTC/NFA regulated, and they have no minimum unit transaction so you can open trade depend on your risk management.
  • #3
  • Sep 8, 2012 3:50pm Sep 8, 2012 3:50pm
I am also curious about such a broker, but am an American and looking for those that offer decent leverage to Americans. Any suggestions?
  • #4
  • Sep 9, 2012 7:56am Sep 9, 2012 7:56am
Quoting fxloser
hi i am new in forex and almost ready to invest $1000 . currently i am working oanda. but looking for FX solution uk
can any one suggest me a good broker reliable trusty not a scammer/ thieves

basically my plan is to invest in broker and buy a signal service to earn profit
ibfx, mb trading
  • #5
  • Sep 10, 2012 2:49am Sep 10, 2012 2:49am
Oanda or FXPRO
  • #6
  • Sep 10, 2012 6:44am Sep 10, 2012 6:44am
Quoting fxloser
hi i am new in forex and almost ready to invest $1000 . currently i am working oanda. but looking for FX solution uk
can any one suggest me a good broker reliable trusty not a scammer/ thieves

basically my plan is to invest in broker and buy a signal service to earn profit
I think it also depends on what frequency is used with the signal service, are they trading once a day/week/hour/etc. In other words: spreads will have a huge impact when heavily trading. Also, check which pairs they trade, most brokers have tight spreads for eu but only a small group has tight spreads for less common pairs. Lmax among others have good spreads but they ask for a higher deposit. There is a mt4 bridge to lmax with a lower initial deposit, but I don't now how safe they are.
  • #7
  • Oct 3, 2012 10:00am Oct 3, 2012 10:00am
according to what you have said I understand that you are looking for a decent broker with a good reputation and reliability ! without turning around I advise you to take a look at hotforex because for me they are one of the few trustworthy brokers out there ! be careful any way dont trust all the brokers !
  • #8
  • Oct 3, 2012 5:16pm Oct 3, 2012 5:16pm
Do you have any specific requirements or what exactly are you looking for, in a broker? You can review some of the brokers listed online, and sort through the lot..
  • #9
  • Oct 4, 2012 12:09pm Oct 4, 2012 12:09pm
Hi, there I was looking to open an account with Dukascopy, ATC brokers, FXCM or IC markets. Can someone help me with the best choice. I know ATC looks like they have very good reviews but the demo account does not work on my computer, it says no connection. I also know they are using FXCM to trade so then I can go straight to the source. Also I would like Duskacopy but they have a bridged MT4 platform and I dont know how it performes in real time. Any help appreciated.
  • #10
  • Oct 4, 2012 5:11pm Oct 4, 2012 5:11pm
Here I have compared Oanda vs Dukascopy. FXCM has large spreads, nice charts, probably the same annoying VTTrader which needs to rename the audio folder to mute the software, but in windows is nice.

I hate the MT4, because of they strange action names: no stop lose, but is a Sell Stop or something like that...and I don't need anything fancy indicator. Right now I am on mac, and don't want to pay for auxiliary software to be able to run windows software. Imho the brokers job to make his softwares for Windows, Linux, Macosx, Android , iPhone, iPad, web. Which broker hasn't, than it means for some reason doesn't want to spend money on on software. Exactly what they users need.
MB trading had a horrible software and only for windows, as I have heard they have updated.

I wish I find a broker with Oanda's spreads and fees and Ducascopy's quality softwares and possibilities: no FIFO but having hedge, and having reports at least as ForexFactory's trade explorer or have Trade explorer support. None of Oanda or Dukas reports are good enough for me. They made just to be there... and not to help traders.

If you find that broker and is on market at least 3 years please PM me!!!
I want to buy PATIENCE
  • #11
  • Oct 4, 2012 5:25pm Oct 4, 2012 5:25pm
Quoting matheszabi
Here I have compared Oanda vs Dukascopy. FXCM has large spreads, nice charts, probably the same annoying VTTrader which needs to rename the audio folder to mute the software, but in windows is nice.

I hate the MT4, because of they strange action names: no stop lose, but is a Sell Stop or something like that...and I don't need anything fancy indicator. Right now I am on mac, and don't want to pay for auxiliary software to be able to run windows software. Imho the brokers...
Thank you for the reply. What about ATC brokers?
  • #12
  • Oct 4, 2012 5:52pm Oct 4, 2012 5:52pm
Quoting mihulea
Thank you for the reply. What about ATC brokers?
I don't know they. I do prefer to stay with a known broker than a new one or a "no name", when I am playing with real money.
I want to buy PATIENCE
  • #13
  • Oct 5, 2012 9:44am Oct 5, 2012 9:44am
Quoting matheszabi
MB trading had a horrible software and only for windows
I never understand when people say this. If you dislike MT4, it doesn't take much to learn the MB Trading platform, and once you do, you'll have way more control of your orders than on another other platform. 28 order types! I find it to be the best platform for order control out there. Plus there is a Mac version, Web version, Android version, iPhone version, iPad version. I think if you attend one of their webinars on the orders, you'll be very pleased.
  • #14
  • Oct 6, 2012 9:06pm Oct 6, 2012 9:06pm
Quoting fxloser
hi i am new in forex and almost ready to invest $1000 . currently i am working oanda. but looking for FX solution uk
can any one suggest me a good broker reliable trusty not a scammer/ thieves

basically my plan is to invest in broker and buy a signal service to earn profit
Stay with Oanda.
Fear prevent possibilities, and so does Greed
  • #15
  • Oct 7, 2012 7:41pm Oct 7, 2012 7:41pm
Thank you all for the help so far.
What about Divisacapital or cityfx?
  • #16
  • Oct 7, 2012 11:14pm Oct 7, 2012 11:14pm
My suggestion is you are doing this out of order. First choose your signal service, THEN the broker. The signal service should be the best source of information on broker/entry software that is a match with their style of signal calls.

Off topic and really none of my business, but what % monthly return are you expecting on your $1,000 account, trading signal service calls? How much a month are you willing to pay for the service? You seem to be so concerned with being ripped off by scam brokers. I would be much more focused on finding a signal service with a proven record that I could both trust and afford. I'm guessing that finding a signal service with constantly profitable calls will be a much bigger challenge that picking a honest broker.
  • #17
  • Oct 7, 2012 11:41pm Oct 7, 2012 11:41pm
don't worry no broker need to cheat or screw you,

your self with blew this 1000$ in less then 3 months

I am not trying to be negative here, but this is just a fact.

unless and untill u show some super productive skills ur account is bond to be blew up.
  • #18
  • Oct 8, 2012 5:54am Oct 8, 2012 5:54am
i'd also go with oanda. a broker that has been around for quite some time, 10+ years of service must tell something.

plus you can trade as small as 1$ with them...
Everyone has a plan 'till they get punched in the mouth.
  • #19
  • Oct 8, 2012 6:38am Oct 8, 2012 6:38am
Hi Guys,

Please recommend for me a realy good broker. What do you think, wich one is the best broker?

I want to open a real account with 5000 $

Thank You!
  • #20
  • Oct 8, 2012 11:11am Oct 8, 2012 11:11am
Quoting Percival
My suggestion is you are doing this out of order. First choose your signal service, THEN the broker. The signal service should be the best source of information on broker/entry software that is a match with their style of signal calls.

Off topic and really none of my business, but what % monthly return are you expecting on your $1,000 account, trading signal service calls? How much a month are you willing to pay for the service? You seem to be so concerned with being ripped off by scam brokers. I would be much more focused on finding a signal service...
And which one you might recomand? How about zulu?
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