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Which Broker is truly reliable?

  • #81
  • Oct 18, 2012 3:12am Oct 18, 2012 3:12am
I would use MT4 for charting, but I definitely would not use it as a platform for entering trades. Do a bit of research and you'll see terrible slippage issues (orders not getting filled, fgetting filled at a bad price etc). In terms of a visual charting tool it's great, but no more. I can highly recommend Oanda-decent spreads and good order entry, hardly any slippage 9note I do not trade big news items-you want slippage and you'll get it round these times). Like most fx, nothing is ever perfect, you can't seem to find an all round perfect solution!
So my best bet would be park a bit of cash with an MT4 broking acct just to get the package (not too much-they do go bust sometimnes,), then use Oanda. Note that prices can be a bit different between brokers, but usually not too much. Just my opinion-take it or leave it! Good luck...
  • #82
  • Oct 30, 2012 3:20am Oct 30, 2012 3:20am
As questioning of traders shows, some trade and in the most «bad» organizations already long years and fully happy.It is necessary to memorize, that the best broker Forex is that which befits exactly you.
  • #83
  • Oct 30, 2012 11:36pm Oct 30, 2012 11:36pm
Quoting jourgenj
As questioning of traders shows, some trade and in the most «bad» organizations already long years and fully happy.It is necessary to memorize, that the best broker Forex is that which befits exactly you.
http://leaprate.com/

They have done their due diligence for those who aren't too sure.
  • #84
  • Nov 23, 2012 9:25am Nov 23, 2012 9:25am
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.
Isn't FXPros regulated in Cyprus? I believe most brokers nowadays are regulated there no? I only know one who isnt and thats Exness who is based in Russia... still never had any problem with them
If you aim for the stars- but miss, you still get the moon...
  • #85
  • Nov 26, 2012 3:58pm Nov 26, 2012 3:58pm
Quoting aiming4stars
Isn't FXPros regulated in Cyprus? I believe most brokers nowadays are regulated there no? I only know one who isnt and thats Exness who is based in Russia... still never had any problem with them
As for exness,
Main office is located in auckland(nz).
service office is located in Russia.
  • #86
  • Dec 1, 2012 6:34pm Dec 1, 2012 6:34pm
Quoting entheos
As for exness,
Main office is located in auckland(nz).
service office is located in Russia.
By main office, do you mean servers? Or you mean its registered as a company there (headquarters) ? : confused http://www.etorofx.net/images/smilies/yim/confused.gif
If you aim for the stars- but miss, you still get the moon...
  • #87
  • Dec 1, 2012 9:39pm Dec 1, 2012 9:39pm
Quoting aiming4stars
By main office, do you mean servers? Or you mean its registered as a company there (headquarters) ? : confused http://www.etorofx.net/images/smilies/yim/confused.gif
they told me so.
No one know where is their servers.
Maybe,FDR(nz regulation) is unexacting.
many scammer and many brokers are in auckland.(nz)
  • #88
  • Dec 4, 2012 11:08am Dec 4, 2012 11:08am
Quoting mihulea
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.
Hi Mihulea,

I've been using Alpari UK/US for LIVE account trading for 4 years since 2009, so far no compliant and the customer service is excellent. They did have live chat and you can have you questions or problem solved within minutes.
I am also planning to open Dukascopy in near future for ECN account, as so far they are the most reliable ECN broker. The set back is they do not provide real MT4 platform.
______________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com/
  • #89
  • Dec 4, 2012 11:31am Dec 4, 2012 11:31am
I can personally vouch for fxpro and IC Markets. Been with them for some time now and can say the are both have pretty robust offerings from a technology perspective. The only glitch that I have seen was caused by integral.
  • #90
  • Jan 3, 2013 9:33pm Jan 3, 2013 9:33pm
ANYBODY WITH FOREX.COM? I'm about to use their demo and wouldnt mind opening a real money account after probably but I'm not seeing too many people on here recommending them.

If anybody has a forex.com account tell me about any good or bad experiences. Withdrawals, transactions, or account problems
  • #91
  • Jan 3, 2013 10:02pm Jan 3, 2013 10:02pm

I just found out CitiFx.com is part of Citibank. That's the only way I'd feel good about trading on the forex. With a reputable U.S regulated bank whose a member of the SEC. I'll probably seriously think about just going with them, but would like to hear if anybody on here has traded with them.

I notice their leverage is 50:1 and deposits are less scam friendly (no paypal /debit ot credit card). So maybe not a lot of people have tried them out. Since making a lot of money in a short period of time probably wont happen with this company. But if I had to pick between making a small amount of money in a long period of time with a reputable U.S bank, or gambling a large amount of my money with a non regulated FX broker hoping to make a quick money, only to lose all of it later on some type of scam, I'd definintely pick the first everytime.

Anybody have any experiences with CitiFX?? So far they're the only FX broker I've seen that has mostly/only good reviews on google.
  • #92
  • Jan 3, 2013 10:40pm Jan 3, 2013 10:40pm
wow never heard a story about FXPro refused to pay its clients. I know brokers tend to manipulate our charts to make us lose but refusing to withdraw our money? That only happens with non regulated brokers as far as i knew. This is the first time i heard fxpro didnt want to pay its client!

Please clarify if this story is true. I was thinking to open an account with them to spread my accounts but then I dont know what to do...

also guys can you clarify about this one? http://articles.marketwatch.com/2008...mer-confidence

is this only for UK residents? If i live in Indonesia and I am getting scammed, can I ask for the same thing? This is just for my precaution!
  • #93
  • Jan 3, 2013 11:37pm Jan 3, 2013 11:37pm
FxPro mt4, the King of requote monster,Invalid Price and disconnection.
Quoting rsg10z
wow never heard a story about FXPro refused to pay its clients. I know brokers tend to manipulate our charts to make us lose but refusing to withdraw our money? That only happens with non regulated brokers as far as i knew. This is the first time i heard fxpro didnt want to pay its client!

Please clarify if this story is true. I was thinking to open an account with them to spread my accounts but then I dont know what to do...

also guys can you clarify about this one? http://articles.marketwatch.com/2008...mer-confidence

is...
  • #94
  • Jan 3, 2013 11:49pm Jan 3, 2013 11:49pm
hello entheos. thanks for the clarification. i am thinking to trade with 4-5 brokers at once. Maybe i should go with all ECN? But what are my options? I was thinking about FXCM, Alpari UK, IBFX AU, and also MB Trading maybe, and Dukascopy. Can you suggest me some??
  • #95
  • Jan 4, 2013 12:20am Jan 4, 2013 12:20am
Quoting rsg10z
wow never heard a story about FXPro refused to pay its clients. I know brokers tend to manipulate our charts to make us lose but refusing to withdraw our money? That only happens with non regulated brokers as far as i knew. This is the first time i heard fxpro didnt want to pay its client!

Please clarify if this story is true. I was thinking to open an account with them to spread my accounts but then I dont know what to do...

also guys can you clarify about this one? http://articles.marketwatch.com/2008...mer-confidence

is...
If you read through the thread, youll find out that the person who started this thread is a fraud. he's probably another broker agent or a serial loser looking for someone to hang for his lifelong loses. I asked him some very key questions and asked him to provide an account statement and he ran off.
The only way not to think about money is to have a great deal of it
  • #96
  • Jan 4, 2013 12:58am Jan 4, 2013 12:58am
hello thanks for the explanation. I have also asked the question in another thread and apparently a senior member also told me he's doing fine with fxpro for years. Maybe i will give fxpro a chance. Im still looking for options though as I plan to use 3-4 brokers at once just for precautions! How about vantage fx and IBFX??
  • #97
  • Jan 4, 2013 3:51am Jan 4, 2013 3:51am
vantage...
This is mine.
http://forums.babypips.com/search.php?searchid=1541297

Quoting rsg10z
hello thanks for the explanation. I have also asked the question in another thread and apparently a senior member also told me he's doing fine with fxpro for years. Maybe i will give fxpro a chance. Im still looking for options though as I plan to use 3-4 brokers at once just for precautions! How about vantage fx and IBFX??
  • #98
  • Jan 9, 2013 3:15am Jan 9, 2013 3:15am
Currently Im trading with hotforex and they seem reliable and their offers are decent, I have been trading with them for 6 month now with no problem.
  • #99
  • Jan 17, 2013 1:21am Jan 17, 2013 1:21am
I would say that, all brokers are hunters and their prey is our money some of them hunt our money using legal instrument. However i have some trust at oanda.
  • #100
  • Jan 17, 2013 9:03am Jan 17, 2013 9:03am
I agree that brokers are all out to make a profit but we all have to use them. I personally find Alpari UK reliable and generally have good spreads. I find it helps to have a couple of trading accounts and then you can pick the best spreads from those brokers.
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