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Good broker for professional trading, no bucket scams please

  • #21
  • Oct 16, 2015 5:47am Oct 16, 2015 5:47am
Orabi mentioned Interactive Brokers. Pretty serious global company.
  • #22
  • Oct 16, 2015 6:14am Oct 16, 2015 6:14am
Quoting avibe
JFD Brokers... give them a try www.jfdbrokers.com
Tell me more about them, do you use them, how long ? thanks for the suggestion. I looked at their site, seems that they tell tons of good stuff about their politics and model, however they dont have a live chat support and i made an email request to get back to me ( someday ? ). For me it is very very distrubing if a broker doesnt have a non-stop 24/5 connection with his customers on the same minute it is needed.

Quote
jfdbrokers
also they offer a pattern recognition tool and promote it as "institutional"and used by ubs citi etc... Now that is distrubing ! Off the list..
  • #23
  • Oct 16, 2015 6:21am Oct 16, 2015 6:21am
Have a look at Squared Financial - I spoke to them even during non business hours, someone I know was called back by them on a saturday at around 10pm. They hedge every trade on the market - so they're not trading against you.
All best bid/ask quotes have a minimum size of 1 million.
The only reason I'm not trading with them is that they don't offer Spread Betting.

http://squaredfinancial.com/en/
  • #24
  • Oct 16, 2015 9:16am Oct 16, 2015 9:16am
I am in the same situation as you feline207. I have some money I would like to trade with. My problem is that as an retail-trader I can`t find a broker/bank that I am satiesfied with.

There is an option to trade with some banks, still with them I am too small to negotiate decent spreads and rollover swaps. I am a too little fish in the pond. I will have the odds stronger against me with their pricing.

On the other side for retail-brokers I am very reluctant to deposit any large sums. This is mostly due to the lack of trust in them. Below is a list of what I am looking for in a broker/bank. If anyone knows about any of these that offers whats on the list, please tell me:

1) I need the account in NOK (This is a must, I don`t want to sit with risk on all the deposited money)

2) I need good regulation, UK, Switzerland, USA, Norway etc. Cyprus and others are a big no for me.

3) Money in a segregated account with a well known bank.

4) Decent spreads/rollover for USD, EUR, GBP, CHF, JPY, AUD and NOK pairs.

5) Offering NOK pairs is a big bonus not a must.

6) I need to trust the broker, that they will not act fraudulent against me. That they will not interfer with my trades in any way.

7) Withdrawals are done quickly and cost-free/low cost.

8) To be able to trade with 50 000 USD equivalent as minimum trade size.

If anyone knows any brokers/banks that could offer this, I would appreciate feedback on it

When
Do not let the cost of being wrong, exceed the prize of beeing right
  • #25
  • Oct 16, 2015 9:42am Oct 16, 2015 9:42am
Quoting Rob Mondave
Orabi mentioned Interactive Brokers. Pretty serious global company.
actually they are number one from view thank you sir​
have a nice day please
focus while relaxed to see better
  • #26
  • Oct 16, 2015 9:44am Oct 16, 2015 9:44am
i
Quoting Decima
I am in the same situation as you feline207. I have some money I would like to trade with. My problem is that as an retail-trader I can`t find a broker/bank that I am satiesfied with. There is an option to trade with some banks, still with them I am too small to negotiate decent spreads and rollover swaps. I am a too little fish in the pond. I will have the odds stronger against me with their pricing. On the other side for retail-brokers I am very reluctant to deposit any large sums. This is mostly due to the lack of trust in them. Below is a list...
​

interactivebrokers contact them
focus while relaxed to see better
  • #27
  • Oct 16, 2015 12:57pm Oct 16, 2015 12:57pm
IMO FCA regulated are the only. Not the best, the only .
  • #28
  • Oct 16, 2015 1:05pm Oct 16, 2015 1:05pm
Quoting feline207
{quote} market making and platform are different things and independent,
MT4 is perfectly OK, it can now bridge orders so what's the problem.
  • #29
  • Oct 17, 2015 3:58am Oct 17, 2015 3:58am
FXCM is the largest retail broker and with the best regulators( FCA-NFA-ASIC ....ect ) you can trade with any amount of money very trustful broker, best platform with trading station 2, fast execution, fast withdrawals, FXCM is the best in the market
  • #30
  • Oct 17, 2015 8:41am Oct 17, 2015 8:41am
Quoting HeyYou
IMO FCA regulated are the only. Not the best, the only .
You might be right about that statement.

I am currently using IG Markets for a small account, alot of the criterias are met with them. I have no really bad experiences with them.

What is other members experience with IG Markets? Their DMA is not what I am looking for as their minimum trade size is one standard lot (100 000). 50 000 is maximum for me.

Still too deposit a rather large amount of money with them is big step to take. Anyone else did this, also what was your experiences?

Orabi: I will look into Interactive Brokers. Thanks for the tip
Do not let the cost of being wrong, exceed the prize of beeing right
  • #31
  • Oct 17, 2015 9:27am Oct 17, 2015 9:27am
Quoting Decima
{quote} You might be right about that statement. I am currently using IG Markets for a small account, alot of the criterias are met with them. I have no really bad experiences with them. What is other members experience with IG Markets? Their DMA is not what I am looking for as their minimum trade size is one standard lot (100 000). 50 000 is maximum for me. Still too deposit a rather large amount of money with them is big step to take. Anyone else did this, also what was your experiences? Orabi: I will look into Interactive Brokers. Thanks for...
I can't tell about IG. I'm currently 'testing' Valutrades, which I rate 7/10 and KTM (Key To Markets), but I can't tell since I haven't made a withdraw yet.
Oh, for big deposits I would go with LMAX, they are no joke, very respected.
  • #32
  • Oct 17, 2015 10:04am Oct 17, 2015 10:04am
Quoting abdouzizou
FXCM is the largest retail broker and with the best regulators( FCA-NFA-ASIC ....ect ) you can trade with any amount of money very trustful broker, best platform with trading station 2, fast execution, fast withdrawals, FXCM is the best in the market
Very trustful obviously.
'FCA Fines FXCM UK £4m for Secretly Keeping Clients' Profits'
  • #33
  • Oct 17, 2015 11:03am Oct 17, 2015 11:03am
please i want opinion from traders with larger order sizes... your broker probably wont mess with you if you trade 0.1 lot a day, even the shittiest broker wont care that much... I mean - it might be ok when you trade small, and then the broker changes tactics with growth in turnover.
  • #34
  • Oct 19, 2015 4:12am Oct 19, 2015 4:12am
I have been using KTM, based in London for the last 6 months,
no problems so far, they are dma, commision based,
fast execution and tiny spreads, you can trade micro lots, couldn't be better.
Bulls are stupid Animals!especially when Im short!
  • #35
  • Oct 19, 2015 4:51am Oct 19, 2015 4:51am
Quoting roughtrader
I have been using KTM, based in London for the last 6 months, no problems so far, they are dma, commision based, fast execution and tiny spreads, you can trade micro lots, couldn't be better.
Web page is NZD broker. Say is part UK company but seem you only can open account in NZD. Can you share UK link?
Try don't lose pants never...
  • #36
  • Oct 19, 2015 11:06pm Oct 19, 2015 11:06pm
Quoting feline207
{quote} Hello. Although i am not comfortable to share details on a public thread, let me put it this way - I am planning to test them with a lower ammount, as you advice with lgc duka etc.., but I plan to turn things pretty big if they gain my trust. So I need a relatively low entry level broker, but not as low as 100 bucks ! And also a broker that I can grow with and they wont start sabotaging me as soon as they see the picture. So theres the confusion. I cant just deposit 50 or 100k in a broker i havent dealt with. Its insane from my point of...
Then i would suggest you to contact these brokers like Baxter, Fixi, ... And ask them for a smaller minimum deposit to try them out.
That is the only thing you can do if you want the real deal.
There was another interesting thread here a while back which may be interesting for you to read.

http://www.forexfactory.com/showthread.php?t=525741
  • #37
  • Oct 20, 2015 12:47am Oct 20, 2015 12:47am
Quoting feline207
{quote} Hello and thanks for your reply. I am not obsessed with the regulation, I just think that it is better to trade with a broker that is physically closer to me, having some european hq etc.. Most offshore brokers look suspicious from the very beginning, they dont have hq mentioned anywhere, they have some physical adress on the terrace on some ruined building on some distant island or whatever. That is not serious, people that you cant reach or contact. No transparency here. I havent said low comissions, said that i am willing to pay higher...
Well you won't probably find immaculate broker with perfect feedback, but as I already mentioned deposit threshold for brokers that are "closer to you" may start from 100K at least. If you are mature trader and passed the stage of offshore brokers (not satisfied or need better conditions) then I think you should try to make some local research as there most brokers discussed are offshore.
But anyway I feel quite fine with brokers mentioned above.
  • #38
  • Oct 20, 2015 12:54am Oct 20, 2015 12:54am
Quoting claudia1
{quote} Very trustful obviously. 'FCA Fines FXCM UK 4m for Secretly Keeping Clients' Profits'
Between August 2006 and December 2010, .....

Cut them some slack... alot has changed in FXCM.... They are way better
practising coitus interruptus
  • #39
  • Oct 20, 2015 1:55am Oct 20, 2015 1:55am
Quoting avibe
{quote} Between August 2006 and December 2010, ..... Cut them some slack... alot has changed in FXCM.... They are way better
That was 2014 the article.

What about http://leaprate.com/2015/10/lagefi-f...ner-companies/ more fun and games. They were also fined very recently for something if I remember.

What about the mess with the Swiss franc. They have a bad history and if they don't repay the massive loan then ....................

Anyway if your happy with them that's all that matters
  • #40
  • Oct 20, 2015 8:11am Oct 20, 2015 8:11am
Quoting braintheboss
{quote} Web page is NZD broker. Say is part UK company but seem you only can open account in NZD. Can you share UK link?
Right, They have servers both in London and NZ, for the MT4 standard account it is NZ, but the other accounts is London, anyway that's how I understod it when they explained it to me. if you wan't to make sure, just write them an email and they will explain it to you, however you need 10k if you want to use their KTM trader, that probably is the best option if you have the money to spend. btw, I'm using their MT4 pro account, a lot cheaper deposit on that, I'm really happy with that so far, they don't trade against you. their support is also great and friendly. they have only recently opened up for retail traders, before that, they mainly served big institutions and hedgefunds, you will find all the info on this page http://www.keytomarkets.com/accounts cheers​
Bulls are stupid Animals!especially when Im short!
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