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Need a Best Broker for cent account!

  • #1
  • First Post: Nov 30, 2016 12:35am Nov 30, 2016 12:35am
Hi,

After 2 weeks search, I'm really tired to check every brokers all around the world!

Pls. do me a favor...my requirements are:

1 UK or USA licensed ONLY (USA brokers must allow hedging)

2 No Maximum volume limitations, or Maximum volume no less than 100. (EXNEXX cent ACC. only allow 1 lot as Maximum volume....Are they in their RIGHT MIND??????...oh Sh*t...)

3 Better offer free or cheap VPS service (EXNEXX offers free VPS only at $500 deposit...while XM offers the same at $5000....lol Is The cost of living in Netherland and UK has so much difference??!!)

4 No dramatically widen spreads during NEWS time ( Oanda is in famous for that, and never learned from it )

5 Support Mt4/5 platform...(ducascopy...what a pitty! No money to buy mt4? what a poor swiss banker! )...

I'm really pissed off by the chaos enviroment in this business....can anyone recommand a Perfect broker with all five terms mentioned above?

Thanks! thanks!! thanks a million!!!
No one wants to be defeated~
  • #2
  • Nov 30, 2016 12:46am Nov 30, 2016 12:46am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting jonirrenicus
(ducascopy...what a pitty! No money to buy mt4? what a poor swiss banker! )
You really don't know what you are talking about. Dukascopy is one of the best broker in the trading industry and far more trustable than most brokers especially because MT4 isn't provided.

I trade with Dukascopy since many years and I give them 5 Stars in all single fields of their business.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Nov 30, 2016 1:09am Nov 30, 2016 1:09am
Quoting FerruFx
{quote} You really don't know what you are talking about. Dukascopy is one of the best broker in the trading industry and far more trustable than most brokers especially because MT4 isn't provided. I trade with Dukascopy since many years and I give them 5 Stars in all single fields of their business.
Dukascopy has no mt4/5 platform....otherwise i'm already there.
No one wants to be defeated~
  • #4
  • Nov 30, 2016 1:12am Nov 30, 2016 1:12am
Quoting FerruFx
{quote} You really don't know what you are talking about. Dukascopy is one of the best broker in the trading industry and far more trustable than most brokers especially because MT4 isn't provided. I trade with Dukascopy since many years and I give them 5 Stars in all single fields of their business.
You really think that traders have no monitor on brokers? Customer will leave at once if their brokers manipulate Mt4.
No one wants to be defeated~
  • #5
  • Nov 30, 2016 1:36am Nov 30, 2016 1:36am
Hi all,
Dukascopy is a real pain. Was there for a while and have left. Dukas has a very poor or no efficient communication always blaming others (your internet provider, your connection and so on ) while we trade from a tiers 4 server. Avoid in all circumstances Dukas. Their JForex platform is out of date, and there is no MT4 availability, only via FTT bridge (unreliable as the sometimes Dukas unplug the feeder from time to time specially at NFP time so no quotes) Sorry but this comes from the FTT head managing team. When I ear things like " Dukascopy is one of the best broker" -sorry Ferru- it hearts me . I have many times informed retail traders of the in-efficiency of Dukas. Stay away from Dukas at all times.
Sincerely.
Tomcat98
  • #6
  • Nov 30, 2016 1:54am Nov 30, 2016 1:54am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Tomcat98
-sorry Ferru- it hearts me .
Sorry to hear this ...

Are you sure we are talking about the same broker ?!!! I have the exact opposite experience ... and that's why I'm still trading with them since all these years.
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Nov 30, 2016 1:58am Nov 30, 2016 1:58am
Quoting Tomcat98
Hi all, Dukascopy is a real pain. Was there for a while and have left. Dukas has a very poor or no efficient communication always blaming others (your internet provider, your connection and so on ) while we trade from a tiers 4 server. Avoid in all circumstances Dukas. Their JForex platform is out of date, and there is no MT4 availability, only via FTT bridge (unreliable as the sometimes Dukas unplug the feeder from time to time specially at NFP time so no quotes) Sorry but this comes from the FTT head managing team. When I ear things like " Dukascopy...
Agree with you, J-platform is an old dog....stupid and has no future. If they are really honest, which platform they use will never be a matter.

The only way to keep brokers honest is give them the largest turnover, if they can make 100% stable money from spreads, why they risk their reputation by tricking customers?
No one wants to be defeated~
  • #8
  • Nov 30, 2016 2:06am Nov 30, 2016 2:06am
Quoting FerruFx
{quote} Sorry to hear this ... Are you sure we are talking about the same broker ?!!! I have the exact opposite experience ... and that's why I'm still trading with them since all these years.
Hi FerruFx,
I do respect your experience in trading. Some infos have to be enlightened with Dukas. Yes , it's the same broker we are speaking about.
The attitude of Dukas is poor ,missing or irrelevant. When encountering a problem Dukas should say "Oh sorry , we are going to investigate" and suggest a possible solution, but instead they blame your tiers 4 connectivity from pro-servers (multiples). As an experienced trader too, I have "special tools" to monitor connectivity. All the troubles where from Dukas. And sorry , I have been forced to leave so as to continue an efficient trading. Take care with Dukas. Even if they are regulated , the "authority" doesn't investigate what's behind the wall. Again ,take care...
Happy trading
Tomcat98
  • #9
  • Nov 30, 2016 2:18am Nov 30, 2016 2:18am
Quoting Tomcat98
{quote} Hi FerruFx, I do respect your experience in trading. Some infos have to be enlightened with Dukas. Yes , it's the same broker we are speaking about. The attitude of Dukas is poor ,missing or irrelevant. When encountering a problem Dukas should say "Oh sorry , we are going to investigate" and suggest a possible solution, but instead they blame your tiers 4 connectivity from pro-servers (multiples). As an experienced trader too, I have "special tools" to monitor connectivity. All the troubles where from Dukas. And sorry , I have been forced...
Can you suggest which one is the best? Thanks!
No one wants to be defeated~
  • #10
  • Nov 30, 2016 2:21am Nov 30, 2016 2:21am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Tomcat98
{quote} Hi FerruFx, I do respect your experience in trading. Some infos have to be enlightened with Dukas. Yes , it's the same broker we are speaking about. The attitude of Dukas is poor ,missing or irrelevant. When encountering a problem Dukas should say "Oh sorry , we are going to investigate" and suggest a possible solution, but instead they blame your tiers 4 connectivity from pro-servers (multiples). As an experienced trader too, I have "special tools" to monitor connectivity. All the troubles where from Dukas. And sorry , I have been forced...
I experienced an issue which was not a "Duka" issue but my own custom pluggin ... and the support was very helpfull and we finally sorted the issue in no time.

Anyway, sure if I had the same experience than yours, I would think differently.

About the platform itself (JForex), I am not a big fan but that's not a big deal. My analysis is done on MT4 !
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Nov 30, 2016 3:57am Nov 30, 2016 3:57am
Quoting jonirrenicus
{quote} Can you suggest which one is the best? Thanks!
Hi jonirrenicus,
I can't tell you what is the best as it could be considered as a free advertisement on this forum. About your 5 requests I have some observations:
1)You have to know that you can negotiate big volumes with your "best broker", no maximum, everything could be negotiable .
2)About UK brokers you can list them and contact them via these links https://www.fca.org.uk/ and https://www.100forexbrokers.com/fsa-regulated-brokers
3) Do not use VPS, instead used dedicated servers collocated with your broker hardware; why no VPS? Well VPS companies virtualize (split) too much their hardware to many clients so that your maths / analysis capacity is restricted or null (VPS CPU overloaded) . Prefer Dedicated servers tiers 3 or 4 from data centers with back security (RAID technology or equivalent). Do not use Wifi or roaming tech.as you will pay the hard price with big latency compare to collocated servers with low latency (some ms)
4) About spreads you can negotiate too with your broker. It's up to you to initiate special rules with big Lots or at special periods.
5) MT4 and MT5 , there are plenty's
You have to know the way your broker will work with you. What's his approach? I know some of them who make two groups of traders. The winners and the losers. About the losers , the broker will systematically take opposites same volumes trades /positions to secure potential broker loss. About winners, the broker will classify the best ones so as to hook some trades ( follow the best traders) with the remaining capital from the non trading accounts. (dead accounts).
You have to trade via multiple brokers too to get sure be filled with your strategy, in case your single broker would be off . Inconvenient is that it will split your initial capital.
I think you have to do some home work with research and contacts with some brokers accepting your trading approach.
The perfect broker will be the one you will accept to trade with.
Happy trading
Sincerely
Tomcat98
  • #12
  • Nov 30, 2016 9:35pm Nov 30, 2016 9:35pm
Quoting Tomcat98
{quote} Hi jonirrenicus, I can't tell you what is the best as it could be considered as a free advertisement on this forum. About your 5 requests I have some observations: 1)You have to know that you can negotiate big volumes with your "best broker", no maximum, everything could be negotiable . 2)About UK brokers you can list them and contact them via these links https://www.fca.org.uk/ and https://www.100forexbrokers.com/fsa-regulated-brokers 3) Do not use VPS, instead used dedicated servers collocated with your broker hardware;...
Thanks! i don't have money to rent a dedicated server, so i make do with VPS.
No one wants to be defeated~
  • #13
  • Dec 1, 2016 2:35am Dec 1, 2016 2:35am
Quoting jonirrenicus
Hi, After 2 weeks search, I'm really tired to check every brokers all around the world! Pls. do me a favor...my requirements are: 1 UK or USA licensed ONLY (USA brokers must allow hedging) 2 No Maximum volume limitations, or Maximum volume no less than 100. (EXNEXX cent ACC. only allow 1 lot as Maximum volume....Are they in their RIGHT MIND??????...oh Sh*t...) 3 Better offer free or cheap VPS service (EXNEXX offers free VPS only at $500 deposit...while XM offers the same at $5000....lol Is The cost of living in Netherland and UK has so much difference??!!)...
Is this a joke mate!!!??? You want A PERFECT BROKER or a broker that offers cent accounts!!!???

There is no such thing as PERFECT in any aspects of this life only if you are an idealist ( it's nothing wrong with being an idealist, by the way).
For cent accounts Oanda, XM and Roboforex, for normal accounts there are many good brokers, Dukascopy included.

Regards!
  • #14
  • Dec 1, 2016 6:40am Dec 1, 2016 6:40am
Pepperstone have become one of the best brokers around. would recommend them to everyone. Also see my post on my blog will show you something about pepperstone compared to a scam broker.
20 Pips a day keeps centerlink away
  • #15
  • Dec 1, 2016 7:02am Dec 1, 2016 7:02am
Quoting jonirrenicus
Hi, After 2 weeks search, I'm really tired to check every brokers all around the world! Pls. do me a favor...my requirements are: 1 UK or USA licensed ONLY (USA brokers must allow hedging) 2 No Maximum volume limitations, or Maximum volume no less than 100. (EXNEXX cent ACC. only allow 1 lot as Maximum volume....Are they in their RIGHT MIND??????...oh Sh*t...) 3 Better offer free or cheap VPS service (EXNEXX offers free VPS only at $500 deposit...while XM offers the same at $5000....lol Is The cost of living in Netherland and UK has so much difference??!!)...

The guy talks demands US or UK brokers while describing features using some offshore entities. Maybe really has no idea what he is talking about.
Regarding recommendation, its Hotforex or Tickmill.
  • #16
  • Dec 1, 2016 9:23pm Dec 1, 2016 9:23pm
Quoting leebsurag
{quote} The guy talks demands US or UK brokers while describing features using some offshore entities. Maybe really has no idea what he is talking about. Regarding recommendation, its Hotforex or Tickmill.
Thanks but none of them offers cents ACC.
No one wants to be defeated~
  • #17
  • Dec 1, 2016 9:23pm Dec 1, 2016 9:23pm
Quoting PaulDaemon
Pepperstone have become one of the best brokers around. would recommend them to everyone. Also see my post on my blog will show you something about pepperstone compared to a scam broker.
no cents acc avaliable
No one wants to be defeated~
  • #18
  • Dec 1, 2016 9:36pm Dec 1, 2016 9:36pm
Quoting pipshaman
{quote} Is this a joke mate!!!??? You want A PERFECT BROKER or a broker that offers cent accounts!!!??? There is no such thing as PERFECT in any aspects of this life only if you are an idealist ( it's nothing wrong with being an idealist, by the way). For cent accounts Oanda, XM and Roboforex, for normal accounts there are many good brokers, Dukascopy included. Regards!
EXNESS is very close to perfect...if they have 100 lots limitation on maximum volume instead of 1, they are the world best cent ACC. broker.

To me execution is everything, so i need VPS and it must be free.

2 options for me:

1 EXNESS, deposit 500 and get the best trading condition, but require change EA for splitting orders.

2 XM, deposit 5000 to get free VPS, or deposit 500 and rent a VPS, and accept 40-50% higher spreads.
No one wants to be defeated~
  • #19
  • Dec 1, 2016 9:40pm Dec 1, 2016 9:40pm
Quoting jonirrenicus
{quote} EXNESS is very close to perfect...if they have 100 lots limitation on maximum volume instead of 1, they are the world best cent ACC. broker. To me execution is everything, so i need VPS and it must be free. 2 options for me: 1 EXNESS, deposit 500 and get the best trading condition, but require change EA for splitting orders. 2 XM, deposit 5000 to get free VPS, or deposit 500 and rent a VPS, and accept 40-50% higher spreads.
100% scam broker. Their location is a dead give away...
20 Pips a day keeps centerlink away
  • #20
  • Dec 1, 2016 9:43pm Dec 1, 2016 9:43pm
Quoting PaulDaemon
{quote} 100% scam broker. Their location is a dead give away...
They have FCA now

Remember Perpperstone has no US or UK license.
No one wants to be defeated~
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