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Good broker for professional trading, no bucket scams please

  • #41
  • Oct 20, 2015 12:22pm Oct 20, 2015 12:22pm
I recommend you Vinson Financials, a new broker but offer free-swap, rare slippage and support both MT4/MT5 platforms. But Interactive Brokers is really a good choice for any trader with large investment.
  • #42
  • Oct 21, 2015 4:48pm Oct 21, 2015 4:48pm
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...

How much are you planning to deposit? - And how much are you planning to withdrawal?

If the answer is to personal, take a look at my previous post in this thread. - Thats some of the brokers i would recommend.


M
MY SITTING, NEVER MY THINKING!
  • #43
  • Oct 22, 2015 1:38am Oct 22, 2015 1:38am
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.

How low are the spreads? I find this Broker as a serious one, and It seems to me very well regulated

Thanks for your answer
Indicators always obey Price, not the other way.
  • #44
  • Oct 22, 2015 5:05am Oct 22, 2015 5:05am
Quoting merrygold
{quote} How much are you planning to deposit? - And how much are you planning to withdrawal? If the answer is to personal, take a look at my previous post in this thread. - Thats some of the brokers i would recommend. M
I will atleast withdraw if/when the account amount is nearing/exceeding what the regulation guarantees as safety of funds. Around 10 percent per month would be what I am aiming for.

I had a brief look at those brokers, I am not going to settle for any of them. I am not saying they are bad, they are just not what I am looking for. So far Interactive Brokers seems like a decent option.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #45
  • Oct 22, 2015 8:14am Oct 22, 2015 8:14am
Quoting maxtrader
{quote} How low are the spreads? I find this Broker as a serious one, and It seems to me very well regulated Thanks for your answer
The spreads are very tiny, about 0.3 on a busy day,
I also found another broker which maybe interest you,
"Abshire-Smith" they are London based from the looks of it,
I have no further information about them more than they are DMA and servers in London​
Bulls are stupid Animals!especially when Im short!
  • #46
  • Oct 22, 2015 10:51am Oct 22, 2015 10:51am
Quoting Decima
{quote} I will atleast withdraw if/when the account amount is nearing/exceeding what the regulation guarantees as safety of funds. Around 10 percent per month would be what I am aiming for. I had a brief look at those brokers, I am not going to settle for any of them. I am not saying they are bad, they are just not what I am looking for. So far Interactive Brokers seems like a decent option.
10% of a million? or 10% of a 3k account?

Your deposit balance matter more than alot of people think. if you are going to deposit 3k and want to withdrawal 300xxx a month you can choose free from 95% from the brokers on the market. But if you target is 10% from let say >50k your broker search have been narrowed down.

You are welcome to pm me if you have any questions.

M
MY SITTING, NEVER MY THINKING!
  • #47
  • Oct 23, 2015 4:21am Oct 23, 2015 4:21am
IG Markets is out of the question..


Opened an account and dealt with their Norwegian branch/office.

Deposited money with a Mastercard, the money is with a Norwegian Bank, with the Norwegian branch of IG Markets.

Now they are saying I can`t withdraw the money back to the mastercard, since it is a Norwegian mastercard..

They need a screenshot with my bank details sent to them by e-mail, so they can send the money to my bank account.

This they haven`t informed me about before I deposited money with them.

I am not going to send confidential information by e-mail. They can`t guarantee for the safety of this..

What they are doing is making barriers, easy to deposit harder to withdraw..

WTF, IG Markets, shouldn`t they be serious???
Do not let the cost of being wrong, exceed the prize of beeing right
  • #48
  • Oct 23, 2015 4:46am Oct 23, 2015 4:46am
Quoting Decima
IG Markets is out of the question.. Opened an account and dealt with their Norwegian branch/office. Deposited money with a Mastercard, the money is with a Norwegian Bank, with the Norwegian branch of IG Markets. Now they are saying I can`t withdraw the money back to the mastercard, since it is a Norwegian mastercard.. They need a screenshot with my bank details sent to them by e-mail, so they can send the money to my bank account. This they haven`t informed me about before I deposited money with them. I am not going to send confidential information...
Request a charge back from your bank if deposit was recent as IG not providing the service you expected. Agree sending information by email is a no.
I use IG in the UK and regularly withdraw to a debit card. Strange.
  • #49
  • Oct 23, 2015 4:51am Oct 23, 2015 4:51am
Quoting claudia1
{quote} Request a charge back from your bank if deposit was recent as IG not providing the service you expected. Agree sending information by email is a no. I use IG in the UK and regularly withdraw to a debit card. Strange.
No the deposit was this summer. Deposited by Mastercard, not from my bank.

I have used that earlier with other brokers abroad, no problems with either deposits and withdrawals on it.

Will wait and see how this turns out.

I am starting to wonder if finding a suitable broker is getting to difficult. This might not be my venue.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #50
  • Oct 23, 2015 5:34am Oct 23, 2015 5:34am
In all fairness, they have found a way to upload the screenshot with the bank details. This has been done. I receive the money to the bank account.

Still, the process hasn`t been smooth. A lot of for me important information hasn`t been given before depositing the money.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #51
  • Oct 23, 2015 6:22am Oct 23, 2015 6:22am
Still requesting more information, more screenshots. Not answering the phone.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #52
  • Oct 23, 2015 6:46am Oct 23, 2015 6:46am
I have uploaded screenshot from my bankaccount, my mastercard. Still they don`t accept it.

I receive a brief notification per e-mail that it is refused. No more information.

Also I must call them to get more information.

Waiting in the phone, listening to loud music..
Do not let the cost of being wrong, exceed the prize of beeing right
  • #53
  • Oct 23, 2015 6:48am Oct 23, 2015 6:48am
Quoting Decima
Still requesting more information, more screenshots. Not answering the phone.
Sounds like the stuff you read on forex peace army.

Good luck!
  • #54
  • Oct 23, 2015 6:53am Oct 23, 2015 6:53am
I have never experienced something like this. I am beeing redirected and talking to british, swedish and norwegian people.

Just incredible. Now I am waiting again. Listening to music again..
Do not let the cost of being wrong, exceed the prize of beeing right
  • #55
  • Oct 23, 2015 7:38am Oct 23, 2015 7:38am
Now everything is accepted, and they will proceed with the transfer of the money.

Still, there has been a lot of fuzz about little. This could all have been avoided if more information was given before entering a contracting relationship with them.

For me the door was wide when entering and considerable smaller when leaving.

Sorry for taking up this thread with my frustration.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #56
  • Last Post: Oct 23, 2015 8:29am Oct 23, 2015 8:29am
As a rule big serious brokers take big spreads and commission, cause they are realy earn not on your losses, but on your volumes and number of orders. So you have to choose tough conditions but reliable broker, or perfect conditions, but your money aren't in safe.
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