Looking For A New Broker Since Boston Prime Went Bankrupt

I am looking for a reliable broker for non US Traders that offers CFD's & Metals . My current broker is or should I say was boston prime but since they closed up shop I am left me scrambling to find a new broker. Any help would be greatly appreciated

**I am currently looking at pepperstone as an option so anyone that trades or has traded with them feel free to chime in

Stable, reliable, fast deposits and withdrawals and in a recent email conversation, part of the reply was all trades are handled externally, if that is at all reassuring to you.

No real complaints from me.

Thanks Cogs appreciate the response.

Let me ask how ling have you traded with them?

Also what type of account do you have?

Do you know anyone else that trades using them? I was hoping for more of a response to my thread so I could gauge pepperstone better

They seem very stable from what I have seen so far.

My Questions have been answered quickly and knowledgeably

Account opening was a breeze and the client area , MT4 trading terminal and webtrader interface all work flawlessly

There is a Pepperstone thread in the commerial section on FF that is quite active. You might want to check it out.

Thanks Mitch77 I will head over there

Used to trade with Pepperstone, now using Dukascopy.
The only reason is because i prefer their jforex platform.
Never had any problems with Pepperstone.

Thanks DKam

Im just trying to be as careful as possible in choosing a new broker since the boston prime situation.

What I am probably going to end up doing is using 2 accounts from different brokers just to be safe. Ill split my deposit in 1/2 and just Trade using both.

There is software to mirror the Trades taken in multiple accounts.

I already have the pepperstone account.


So If someone could point me in the direction of another good stable broker that would help.

So two guys open a ForexFactory account and talk only about Pepperstone?

Why don't you guys talk about being kicked out from Japan by the Japanese FSA!
http://www.theaustralian.com.au/busi...290537ffb32d19

Bobbystar what are you talking about?

I have been a member of FF since 2012 I am just not very active.

I am in no way an advocate of pepperstone in fact I am looking for every reason to not fund the account I just opened with them.

I had an active account with boston prime up until the close and am just looking for a replacement broker that actually survived this whole CHF situation and should be

around for more that the next 5 min.

If you have a negative experience with pepperstone or have first hand knowledge of someone who has then chime in.

Interesting article, but the positive would be that at least ASIC has their business practices at thier finger tips, unlike many other brokers who have not been audited yet.

Seems business as usual for me, not about to withdrawal my money.

TheBodyGaurd,

Don't be swayed by trolls.

I have a Razor account which is basically std for most others. You could also try Global Prime, ThinkForex, FXTG have a wider selection of indexs, CFD's etc.

Thanks Cogs I appreciate the input.

And I will definitely look into the other brokers you mentioned.

People are crazy I got a PM from a guy with 2 posts saying that he had an account with boston prime as well. referring me to some broker I've never heard of. As if I dont

realize its a solicitation to some hack broker

And then this guy wants to chime in on the thread with his conspiracy theory

A little off topic, but, Popped over to ASIC and found this:

http://asic.gov.au/about-asic/media-...panese-market/

No big deal actually, IMO. No doubt ASIC looked over the operations of the company at the same time, so for me this actually instills confidence when compared to the other cases listed below this one.

I see ASIC have acting on, and closing down some other brokers, and have suspicions of other brokers offering services outside Australia. glad to see they are being proactive.

Cogs that's not a deal breaker for me as it does not outline anything being done that would intentionally hurt a "Trader" just the fact that they are not regulated to conduct

business in Japan is no big deal.

You know most of these big brokers have been fined for "slippage" and that definitely affects a Traders bottom line. So I wouldn't ever consider using one of them

Any Broker that survived the CHF fiasco and is properly regulated in a Known jurisdiction.

And that seems to conduct business normally is of interest to me.

Those are the ones I want to hear about from current or former account holders.

Because they are the ones that are more than likely going to be around a while.

Nothing is guaranteed or perfect you just have to make the most informed decision with the Information you have.

Is Boston prime and boston technology part of the same group?

yes they are part of the same group. I'm also caught up with them since their announcement earlier this week. I hope they can get this sorted out quickly with the FCA so we can get some money back.

Baxx what are they telling you?

My now former account rep at BP said I should have some news today (friday jan 31) about the administrators being assigned, unfortunately nothing has come in my emails yet.

Judging from how the Alpari case is being handled we should get an update in the next few days about who will be the administrators and what needs to get done.

I know white label clients of BP are being offered a chance to move their MT4 clients over to archer consultants, I don't know how you were setup at BP but it maybe of interest to you: http://leaprate.com/2015/01/archer-c...prime-clients/

I've spoken to archer consultants before on different matters in the past, however my experience with them is limited so I cannot vouch for them.

Baxx

I was told on Tuesday of this week that by Wed at the latest Thursday we should be receiving contact information for the Managing company.

And that then we could contact the Managing company directly to be informed on what steps needed to be taken to receive our monies back.

But it is now Friday and no email- news or contact Info has arrived.

So I spoke to my account rep today and she informed me that the Management company was still working on"preparatory work" before they would be able to speak

with clients. But I was given no time frame for this.

I have to assume the Management company needs to get a true accounting before proceeding with contacting clients. And that is what the holdup is.

At this time I'm not really Interested in archer consultants offer.

I secured an edge account at pepperstone and am currently looking for a 2nd broker to be able to split my trading deposit between them both.

I am trying the best that I can to make sure I do not get caught in the same type of situation again.

Thanks for your input on the matter.

Good Article Concerning FXCM, Alpari & Boston Prime-------CHF Crisis Is Unfolding with New Developments at FXCM, Alpari and BT Prime

http://forexmagnates.com/chf-crisis-...pari-bt-prime/



Another good article for anyone who Trades currency------------How Is Your Forex Broker Doing Two Weeks after the SNBomb?

http://forexmagnates.com/how-is-your...er-the-snbomb/