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Best overall broker

  • #1
  • First Post: Oct 28, 2013 12:18am Oct 28, 2013 12:18am
Hi traders

In all your trading experience, which would you say is the best broker in terms of

- Spreads
- Regulation
- Scalping/hedging
- Problem solving/Response
- Funds transfer

And everything else that you'd deem important to a reliable broker's rating

Fundamentally, i'm more interested in a STP/ECN broker and after 100's of hrs of research and numerous demo accounts on several platforms, i'm still undecided

any help would be appreciated
  • #2
  • Oct 28, 2013 12:29am Oct 28, 2013 12:29am
IC markets, so far soooo good.

I am in Australia so for me IC markets has its own importance.
been there done that, Good Bye
  • #3
  • Oct 28, 2013 2:35am Oct 28, 2013 2:35am
FxCM, FxPro, HotForex, Oanda, Alpari, Etoro,... These are regulated, just start from them.
  • #4
  • Oct 28, 2013 5:06am Oct 28, 2013 5:06am
Forex Capital Markets and Citi pro take the day for me, simply unsurpassed
  • #5
  • Oct 28, 2013 5:11am Oct 28, 2013 5:11am
Is LMAX any good?
  • #6
  • Oct 28, 2013 5:27am Oct 28, 2013 5:27am
Quoting Mingary
Is LMAX any good?
No they are a bucketshop from Mauritius be very careful.
  • #7
  • Oct 28, 2013 5:42am Oct 28, 2013 5:42am
what about Markets.com?
Any experience with them?
  • #8
  • Oct 28, 2013 8:28am Oct 28, 2013 8:28am
Quoting mitch77
{quote} No they are a bucketshop from Mauritius be very careful.
Are they not based in London?

Yellow Building, 1A Nicholas Road
London W11 4AN, United Kingdom
  • #9
  • Oct 28, 2013 9:18am Oct 28, 2013 9:18am
Quoting Mingary
Are they not based in London? Yellow Building, 1A Nicholas Road London W11 4AN, United Kingdom
He was being sarcastic
I'm not insane; my mother had me tested.
  • #10
  • Oct 28, 2013 9:52am Oct 28, 2013 9:52am
Quoting RoBiK
{quote} He was being sarcastic
Thanks.
I take it they are ok..
  • #11
  • Oct 28, 2013 9:54am Oct 28, 2013 9:54am
Quoting Mingary
Thanks. I take it they are ok..
They are more than okay... imho they are as good as it gets.
I'm not insane; my mother had me tested.
  • #12
  • Oct 28, 2013 9:55am Oct 28, 2013 9:55am
Quoting tkhan011
Fundamentally, i'm more interested in a STP/ECN broker and after 100's of hrs of research and numerous demo accounts on several platforms, i'm still undecided any help would be appreciated
And what are you looking for? If you will find brokers that suit you should not have any problems. Just ask youself what do you need and find broker who offer it.

No sense to ask because at least half of people on all forums are paid bots writing stupid posts to earn some money. Just try few brokers in live enviroment and you will see the difference if not than much easier for you...
  • #13
  • Oct 28, 2013 9:59am Oct 28, 2013 9:59am
Quoting RoBiK
{quote} They are more than okay... imho they are as good as it gets.
... in the long run.
Is it better to go directly with them (better spread, lower commission) but 10,000 minimum deposit
Rather than going thru an IB (higher spread, higher commission) but lower minimum deposit.
?
  • #14
  • Oct 28, 2013 10:19am Oct 28, 2013 10:19am
Quoting Mingary
... in the long run. Is it better to go directly with them (better spread, lower commission) but 10,000 minimum deposit Rather than going thru an IB (higher spread, higher commission) but lower minimum deposit. ?
- regardless if you are going directly or via an IB, the spread you will see has to be the same. IB can't mess with the quotes. If he did i wouldn't touch him.
- what commission you pay depends on the IB, usually it will be lower than the official LMAX commission. To justify higher commission the IB would have to offer some substantial added value. On the other hand, you can also talk directly with LMAX and possibly negotiate better conditions.

I personally did go directly to LMAX and negotiated, i have no need for a middleman.
I'm not insane; my mother had me tested.
  • #15
  • Oct 28, 2013 11:32am Oct 28, 2013 11:32am
Quoting Max FX
{quote} And what are you looking for? If you will find brokers that suit you should not have any problems. Just ask youself what do you need and find broker who offer it. No sense to ask because at least half of people on all forums are paid bots writing stupid posts to earn some money. Just try few brokers in live enviroment and you will see the difference if not than much easier for you...
well i have tried a few live trading accounts of people i know with disregardable amounts, just to get a feel of live trading, tbh it all seemed the same, the only thing that was concerning was slippage. Very few brokers offer cTrader which i find as the best trading platform, mt4 seems to lag in execution no matter what.

I just wanted to know from everyone here which broker they have the best experience with, and i'm sure the bots can be sorted out from the honest posters with ease. Preferably i would choose a STP/ECN broker which the masses seem to praise, i'm not too worried about minimal spreads and exuberant bonuses, I just need a reliable broker that would not throw re-quotes or slap me with slippage on orders with 4digit lots, and also allow me to with draw my money in a short time.
  • #16
  • Oct 28, 2013 11:41am Oct 28, 2013 11:41am
Quoting tkhan011
{quote} I just need a reliable broker that would not throw re-quotes or slap me with slippage on orders with 4digit lots, and also allow me to with draw my money in a short time.
4 digit lots....it's something like 1 000 lots or 100 mio position?? Are you kidding me?
  • #17
  • Oct 28, 2013 11:45am Oct 28, 2013 11:45am
Quoting Max FX
{quote} 4 digit lots....it's something like 1 000 lots or 100 mio position?? Are you kidding me?
Editing this for the 3rd time

I mean 100m-1000m lots
  • #18
  • Oct 28, 2013 11:58am Oct 28, 2013 11:58am
Quoting tkhan011
{quote} I mean 100-1000k lots
Than it's only one standard lot and nobody cares about such volume. In market execution you won't have requote so find broker with market execution. You will have slippage anyway it's normal for market execution. Slippage can be negative and positive. so don't think too much about it. Slippage is not the main point. Use limit orders and don't trade during news time if you want to reduce slippage.

But seriosly most of the brokers are same. Same conditions, same platforms. Whatever they are trying to say they are same or almost same. I guess scam broker still exist but it's not depend on regulation or date of incorporation.

I won't comment difference between cTrader and MT. It's not a point. If you can make money in cTrader than you can do same in MT and vice-versa. Slippage, platform, reputation it's all not important for you as a trader, at least in my opinion. The most important thing is can you make money or not. And if you can't, it's not because of your boker.
  • #19
  • Oct 28, 2013 12:01pm Oct 28, 2013 12:01pm
1 yard per click? Thats like $100K per pip. And like 20 million in margin (at 50:1 which will not be possible with such large positions).

And looking for advice on the internet..
  • #20
  • Oct 28, 2013 12:03pm Oct 28, 2013 12:03pm
Quoting tkhan011
{quote} Editing this for the 3rd time I mean 100m-1000m lots
I still can't understand your lot size) but if are going to trade 100 mio per trade than it's seems weird to me and you are sitting on forexfactory forum searching for a broker))) Call to UBS or Morgan stanley they provide you with you personal manager.
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