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Biggest Forex Brokers!

  • #1
  • First Post: Nov 5, 2014 2:42pm Nov 5, 2014 2:42pm
When looking for a broker, the starting point is comparison of available choices from lists of brokers posted on different websites. However, websites create these list based on their referral links.

I wonder is there a place/way to list reliable/good brokers? For example, according to their capital, number of clients, history, etc.

The judgement is usually based on trading conditions (e.g., spreads) and regulations. These factors are important but not enough.

What is the best way to find a good and reliable broker?
  • #2
  • Nov 5, 2014 3:02pm Nov 5, 2014 3:02pm
The best way is always to listen to guys that know what they are talking about. Don't look at the fancy banners of b.rokers or the colour of Porsche Cayenne that they supposedly give out but ends up in the hands of the owners or their friends.

I've personally sticked to couple of brokers: IC Markets, AXI Trader, Armada Markets. I doubt there are any better brokers than these.
  • #3
  • Nov 6, 2014 12:38am Nov 6, 2014 12:38am
history and capital can prove if they a reliable, it depends on financial regulator, broker capital

A trader choosing a broker also need to consider his/her trading strategy, cost of trading and platform
like, MT4, Jforex, TS2,and is platform reliable? Spread, especially for day traders
I will find more about Brokers' news especially negative news of the brokers.

I am using fxcm uk because i like its service and TS2 platform.
However, i think Thinkforex is quite good that their IQ Streaming is fast enough.
  • #4
  • Nov 6, 2014 1:34am Nov 6, 2014 1:34am
depent on your deposit.... if u have min $5000 better go to ECN/DMA like Dukascopy or Lmax.... or if your equity below $5000 better go to Oanda(Market Maker).... they have less problem(reported on web) with their client

just my 2 cent
No Pain, No Gain
  • #5
  • Nov 6, 2014 2:00am Nov 6, 2014 2:00am
http://www.cftc.gov/MarketReports/Fi...FCMs/index.htm
Here is your, some big broker are, interactive brokers,saxobank,dukascoppy,citifx, oanda.... Just stay away from forex.com and any companies related to Gain Capital, they are stealing your money
  • #6
  • Nov 6, 2014 2:22am Nov 6, 2014 2:22am
Quoting Abcxyz77
http://www.cftc.gov/MarketReports/Fi...FCMs/index.htm Here is your, some big broker are, interactive brokers,saxobank,dukascoppy,citifx, oanda.... Just stay away from forex.com and any companies related to Gain Capital, they are stealing your money
agree.....

http://www.forexfactory.com/showthread.php?t=509987 see why you should stay away from them
No Pain, No Gain
  • #7
  • Nov 6, 2014 2:26am Nov 6, 2014 2:26am
There are some public resources that still remain the places of impartial feedback and unbiased testimonials. Take FPA reviews or scam folder for example, babypips and ff broker sections - here you can discover both negative and positive feeds, make comparisons, sorting out trader's complaints, apprehending frequently occured trading issues to steer clear from them. I was lucky enough to timely cease my relationship with Insta after a couple complaints on FPA scam cased andmoving on Hotforex platform. Stay updated with their later news and maybe you will manage to avoid serious losses in cased of company shutdown..
  • #8
  • Nov 6, 2014 4:22am Nov 6, 2014 4:22am
Hello all
I think forex is about your behaviour befor broker dont think that you will make milliones from this market with small amount of money no broker nor liquidty provider wikk accept to lose for you i believe the market is for favour of brokers only and liquidty provider even if you have a lot of money and open a primebrokerage account you will still have this rule .be reasnobile at your risk and trades then you will haveva wide range of brokets to trade with .brokers do trade like us if you are reasnobile trader trading with wisdome making reasonbile profit they may benifit from you for there avadvantage .any one likes consitent profit small but consitent .i think many brokers are good i will write well know brokers oanda ,alpari ,interactivebroker i useva different broker due to a circumstance i have i tradebwith 1:1 leverage as my religion dont allow leverage all accounts i post here are for developing my systems but i do trade account with no leverage .i dont want or need millions if you trade aiming just tonwin your trade you will have success and your broker will respect you if you were reasnobile in it how does your broker know from your levearge and typeof trading so it is your own descion to win after all your trade and your broker trust
All have a nice day
focus while relaxed to see better
  • #9
  • Nov 6, 2014 10:51am Nov 6, 2014 10:51am
I think finding a reliable broker is not so much hard if you use normal trading strategies! But if you are a news trader like me or you use such trading methods the story is different.
Although we all know that being the biggest forex broker doesn't necessarily mean that broker is honest and reliable but yes I confirm it makes good sense! However Forex Brokers Journal publish a list of about 500 forex brokers and rank them by their Alexa ranking. If you take a look on it, you may take some points.
Top 500 Forex Brokers by their Alexa Rank
  • #10
  • Nov 6, 2014 1:56pm Nov 6, 2014 1:56pm
Quoting smt1361
I think finding a reliable broker is not so much hard if you use normal trading strategies! But if you are a news trader like me or you use such trading methods the story is different. Although we all know that being the biggest forex broker doesn't necessarily mean that broker is honest and reliable but yes I confirm it makes good sense! However Forex Brokers Journal publish a list of about 500 forex brokers and rank them by their Alexa ranking. If you take a look on it, you may take some points. Top...
Interesting link but really......Etoro, Anyoption, FXtrend some how I dont think they are top quality forex brokers even if they have high rankings on Alexa
Maybe for sad sacks who think they can turn $5 into a million!
  • #11
  • Nov 6, 2014 2:23pm Nov 6, 2014 2:23pm
Quoting smt1361
I think finding a reliable broker is not so much hard if you use normal trading strategies! But if you are a news trader like me or you use such trading methods the story is different. Although we all know that being the biggest forex broker doesn't necessarily mean that broker is honest and reliable but yes I confirm it makes good sense! However Forex Brokers Journal publish a list of about 500 forex brokers and rank them by their Alexa ranking. If you take a look on it, you may take some points. Top...
Dear smt1361,
Could you tell me who is your broker? My broker is Oanda. I like news trading, but when it is news time the spread is very wide. After the spread become narrow, the market
run too far.
  • #12
  • Nov 6, 2014 7:49pm Nov 6, 2014 7:49pm
Quoting smt1361
I think finding a reliable broker is not so much hard if you use normal trading strategies! But if you are a news trader like me or you use such trading methods the story is different. Although we all know that being the biggest forex broker doesn't necessarily mean that broker is honest and reliable but yes I confirm it makes good sense! However Forex Brokers Journal publish a list of about 500 forex brokers and rank them by their Alexa ranking. If you take a look on it, you may take some points. Top...
Don't use this alexa rank guys, they have high rank but they could be scamer, for example: etoro have highest rank but it has a lot of complaints, also for forex.com, ironfx. I told you, look at their net asset in CFTC website, high assets mean safer Interactive Brokers they have 2 billion dollars but their website rank is low. Because they have less customers but one customer deposit million dollars. The biggest forex retailers brokers are: Saxobank,Dukascoppy, citifx, Interactive brokers,oanda,fxcm. Remember to look for their regulations, only NFA is good.
  • #13
  • Nov 7, 2014 8:01am Nov 7, 2014 8:01am
Quoting mitch77
{quote} Interesting link but really......Etoro, Anyoption, FXtrend some how I dont think they are top quality forex brokers even if they have high rankings on Alexa Maybe for sad sacks who think they can turn $5 into a million!
I don't count binary options providers like Anyoption and 24option a Forex Broker!!! But the point that we see etoro, anyoption, 24option in top of this list is because they have just web based platform so their clients have to visit their website for everything and this will cause higher rank in Alexa!
  • #14
  • Nov 7, 2014 8:06am Nov 7, 2014 8:06am
Quoting zaodian
{quote} Dear smt1361, Could you tell me who is your broker? My broker is Oanda. I like news trading, but when it is news time the spread is very wide. After the spread become narrow, the market run too far.
Zaodian, the news trading is a hard trading strategy and needs you have enough experience specially in current market! I personally do not suggest news trading to anyone!
  • #15
  • Nov 7, 2014 8:19am Nov 7, 2014 8:19am
Quoting Abcxyz77
{quote} Don't use this alexa rank guys, they have high rank but they could be scamer, for example: etoro have highest rank but it has a lot of complaints, also for forex.com, ironfx. I told you, look at their net asset in CFTC website, high assets mean safer Interactive Brokers they have 2 billion dollars but their website rank is low. Because they have less customers but one customer deposit million dollars. The biggest forex retailers brokers are: Saxobank,Dukascoppy, citifx, Interactive brokers,oanda,fxcm. Remember to look for their regulations,...
Of course having a high Alexa rank or even high asset rank is not everything! It can be just a confirmation beside the other measures!
This list is good as an informational tool for those who know how to use it! I check it sometimes to find new serious Forex Brokers. You can find better offers and trading conditions in new serious brokers usually!

However I never trade with a NFA regulated forex broker (a tleast for now)
  • #16
  • Nov 7, 2014 8:47am Nov 7, 2014 8:47am
Quoting smt1361
{quote} Of course having a high Alexa rank or even high asset rank is not everything! It can be just a confirmation beside the other measures! This list is good as an informational tool for those who know how to use it! I check it sometimes to find new serious Forex Brokers. You can find better offers and trading conditions in new serious brokers usually! However I never trade with a NFA regulated forex broker (a tleast for now)
You have your choice bro, i just want to tell these newbies. I disagree with what you say, there is a high chance that brokers do trick on traders, that's the reason why regulators exist, they protects customers. Bank related brokers are safe. Yeah, everyone has their own decision. The forex is very very risky, that's why NFA requires brokers have at least 20mil usd, Dukascoppy buy 100.000 CHF insurance for one account, citifx 500.000 usd insurance for one acc.... I just want to share information, in my experience there is 99% chance that you will lost money if deposit to unregulated brokers, even forex.com have a lot of regulations but they disable customers account if they made consistent profit
  • #17
  • Last Post: Nov 16, 2014 8:18am Nov 16, 2014 8:18am
you shouldn't go after size when chosing your broker, fxcm is the largest brokerage in the world, but they have been fined multiple times for their shady buisiness. that kinda prooves it.
Bulls are stupid Animals!especially when Im short!
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