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I need advice between these 3 brokers

  • #1
  • First Post: Sep 1, 2016 4:54pm Sep 1, 2016 4:54pm
Hello Forex Factory Members,
I need help to choice between these brokers :

Forex.com
FXCM.com
Tradersway.com

The issue I have with Trades way is that they are claiming some sh*t about if your under 21 you need to be part of ANY trading group but pay a comission to a "group" They didn't make it clear at all, so I still don't understand that.

Thanks!
  • #2
  • Sep 1, 2016 8:59pm Sep 1, 2016 8:59pm
Quoting E300
Hello Forex Factory Members, I need help to choice between these brokers : Forex.com FXCM.com Tradersway.com The issue I have with Trades way is that they are claiming some sh*t about if your under 21 you need to be part of ANY trading group but pay a comission to a "group" They didn't make it clear at all, so I still don't understand that. Thanks!
why these, there are way better brokers out there. for a start, check out atcbrokers
  • #3
  • Sep 2, 2016 1:07am Sep 2, 2016 1:07am
Quoting E300
Hello Forex Factory Members, I need help to choice between these brokers : Forex.com FXCM.com Tradersway.com The issue I have with Trades way is that they are claiming some sh*t about if your under 21 you need to be part of ANY trading group but pay a comission to a "group" They didn't make it clear at all, so I still don't understand that. Thanks!
Well my vote is for FXCM because I use this broker together with my second (Hotforex) for my news strategy. Works good on medium lot size (0.5-1 lot)
  • #4
  • Sep 2, 2016 2:33am Sep 2, 2016 2:33am
Quoting E300
Hello Forex Factory Members, I need help to choice between these brokers : Forex.com FXCM.com Tradersway.com The issue I have with Trades way is that they are claiming some sh*t about if your under 21 you need to be part of ANY trading group but pay a comission to a "group" They didn't make it clear at all, so I still don't understand that. Thanks!
the last forex company i would use is forex.com do a search on the forum it is ugly
people leave, but this thread will go on for ever
  • #5
  • Sep 2, 2016 3:28am Sep 2, 2016 3:28am
In my opinion, i guess hotforex, fxcm, octafx, lmfx etc can be some good brokers to shortlist while considering a decent broker.
  • #6
  • Sep 2, 2016 9:14am Sep 2, 2016 9:14am
Quoting leebsurag
{quote} Well my vote is for FXCM because I use this broker together with my second (Hotforex) for my news strategy. Works good on medium lot size (0.5-1 lot)
Do you want to talk about it? I also Trade High impact News all the time.
  • #7
  • Sep 2, 2016 10:58am Sep 2, 2016 10:58am
Quoting Bicarus
{quote} why these, there are way better brokers out there. for a start, check out atcbrokers
I was thinking of SimpleFX as well. But yea these are my options.
  • #8
  • Sep 2, 2016 9:59pm Sep 2, 2016 9:59pm
USE a ECN broker
Failure is not failure if you learn from it...
  • #9
  • Sep 3, 2016 2:08am Sep 3, 2016 2:08am
Quoting suneth2
USE a ECN broker

forex.com are an American scamming broker who pretend they have offices everywhere with an address that doesn't exist.
They will ban you once they know you are a profitable trader the SCAMMERS ... I still have the email from them stating my way of trading is not acceptable with forex.com and they have to terminate my account LMAO bloody idiots!
  • #10
  • Sep 3, 2016 5:15am Sep 3, 2016 5:15am
Quoting tradability
{quote} forex.com are an American scamming broker who pretend they have offices everywhere with an address that doesn't exist. They will ban you once they know you are a profitable trader the SCAMMERS ... I still have the email from them stating my way of trading is not acceptable with forex.com and they have to terminate my account LMAO bloody idiots!
scammers, the cftc should ban such scammers , not impose impossible restrictions on the whole retail fx industry - but such are the regulators in the us
  • #11
  • Sep 3, 2016 5:53am Sep 3, 2016 5:53am
Yes but the biggest enemy to a successful trader is the broker/liquidity provider, once one passes that phase one can concentrate on making a living out of trading.
Yesterday I had such BIG issues where the boker froze the MT4 platform during news so I couldn't access my open orders and I had to get one of their staff members to liquidate my open orders with only a slight profit whereas I was initially in large profits, boy have they got a surprise from me on Monday, and I will terminate them the idiots but the big issue is all my clients now will need to terminate their accounts too which is a big hassle for all, but such is life!

A lesson to anyone wanting to be successful is always watch out for the broker who generally use all sorts scams and tricks.
Their name is GoMarkets just added another broker to the scam list, they also use plug-ins where my EA manager wouldn't work properly.
  • #12
  • Sep 3, 2016 5:58am Sep 3, 2016 5:58am
Quoting tradability
Yes but the biggest enemy to a successful trader is the broker/liquidity provider, once one passes that phase one can concentrate on making a living out of trading. Yesterday I had such BIG issues where the boker froze the MT4 platform during news so I couldn't access my open orders and I had to get one of their staff members to liquidate my open orders with only a slight profit whereas I was initially in large profits, boy have they got a surprise from me on Monday, and I will terminate them the idiots but the big issue is all my clients now will...
excellent decision, i would do the same, terminate the account - what broker is that ? ah ok, gomarkets, i'll ban them from suitable brokers too
  • #13
  • Sep 3, 2016 6:13am Sep 3, 2016 6:13am
want more?

Heres another ASIC regulated broker that uses scamming techniques..
Forex FS they widen spreads near clients stop losses so as to take them out. They didn't like me addressing their scams lol especially when I swore at them severely when I pointed that out lol

So this says alot about ASIC regulations where most people think if you're properly regulated the broker won't mess around which is bullshit.
Also the other current broker I trade live with (i.e the live account you see at the bottom of my post) which is EasyForex (ASIC regulated), well were do I start hmmm, well they won't allow anyone to chose their SL or TP one has to search for the price that they agree upon this makes my trading extremely difficult where I am not only concentrating on my open orders but also where can I place my TP and SL.

These are to name a few
  • #14
  • Sep 3, 2016 11:32am Sep 3, 2016 11:32am
There is no honest broker on this planet. Period.

Chose a well regulated broker in a first world country to have at least peace of mind when the broker goes under.

A well known UK broker and FCA regulated will do.

Brokers are in it for the money. Period.

Remeber this:
If your broker "does not trade against you" ( ECN/Non dealing desk ) then why does he not share the commercial available EA's which are used on their platforms and which is profitable ?????

ALL brokers are the same.
They are in it for themselves.......and you are alone.
They all use "tricks" to milk your account...... Slippage, order rejection, spread widening and many more.

Be aware......
Never Ever Give Up!
  • #15
  • Sep 3, 2016 12:04pm Sep 3, 2016 12:04pm
Quoting Cobra
There is no honest broker on this planet. Period. Chose a well regulated broker in a first world country to have at least peace of mind when the broker goes under. A well known UK broker and FCA regulated will do. Brokers are in it for the money. Period. Remeber this: If your broker "does not trade against you" ( ECN/Non dealing desk ) then why does he not share the commercial available EA's which are used on their platforms and which is profitable ????? ALL brokers are the same. They are in it for themselves.......and you are alone. They all use...
agreed
  • #16
  • Sep 3, 2016 12:33pm Sep 3, 2016 12:33pm
Quoting Cobra
There is no honest broker on this planet. Period. Chose a well regulated broker in a first world country to have at least peace of mind when the broker goes under. A well known UK broker and FCA regulated will do. Brokers are in it for the money. Period. Remeber this: If your broker "does not trade against you" ( ECN/Non dealing desk ) then why does he not share the commercial available EA's which are used on their platforms and which is profitable ????? ALL brokers are the same. They are in it for themselves.......and you are alone. They all use...

100% agreed from experience
  • #17
  • Sep 4, 2016 9:51am Sep 4, 2016 9:51am
Quoting tradability
{quote} 100% agreed from experience
I saw you got 938.8% gain on HotForex, Did you able to withdraw that amount and can i know what's your idea with HotForex. I'm currently trading on HotForex small account, Thanks
Failure is not failure if you learn from it...
  • #18
  • Sep 4, 2016 3:08pm Sep 4, 2016 3:08pm
Quoting suneth2
{quote} I saw you got 938.8% gain on HotForex, Did you able to withdraw that amount and can i know what's your idea with HotForex. I'm currently trading on HotForex small account, Thanks
Yes I withdrew it converted back to my currency it was 1172% and will continue to dominate the markets at my own pace.
Actually I'm in a bad war with GoMarkets whom froze their platform on Friday and they use plug-ings to disable my managing EA the cheats. They better pay up!
So far from trying so many brokers not one was totally honest BUT as traders we are here to make money hence we need to overcome their cheating ways!
  • #19
  • Sep 4, 2016 3:28pm Sep 4, 2016 3:28pm
Quoting tradability
{quote} Yes I withdrew it converted back to my currency it was 1172% and will continue to dominate the markets at my own pace. Actually I'm in a bad war with GoMarkets whom froze their platform on Friday and they use plug-ings to disable my managing EA the cheats. They better pay up! So far from trying so many brokers not one was totally honest BUT as traders we are here to make money hence we need to overcome their cheating ways!

well done mate glad to see a trader breaking a broker (:
people leave, but this thread will go on for ever
  • #20
  • Sep 4, 2016 5:42pm Sep 4, 2016 5:42pm
Yeah to be fair, I have similar question why these? I am sure there are better brokers available. Although, I am not saying your selection is wrong, but if you wish to have suggestions then why limit the choices? Anyway, I believe FXCM seems to be the best bet out of these, but no personal experience with it or other 2 just from outset and what I have heard.
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