Brokers with best spreads and deals for 2017 | Forex Factory

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Brokers with best spreads and deals for 2017

  • #1
  • First Post: Dec 30, 2016 10:23am Dec 30, 2016 10:23am
Hello. As the year is ending looking to the next year what are the brokers with best spreads in your view. May be you can come up with top 3 list. If anyone is interested with different New Year and other referral bonuses of brokers for newbies/experienced glad to chat or message about them. Some are deals with no deposits few $100s bonus.

Happy New Year.
  • #2
  • Dec 30, 2016 12:14pm Dec 30, 2016 12:14pm
I've traded live accounts with several brokers in the past -- hotforex, oanda, fxcm, pepperstone, mahifx. They're all good, in my experience. Spreads do not matter much for me but pepperstone seems to have consistently low spreads compared to others I've tried.
  • #3
  • Dec 30, 2016 7:10pm Dec 30, 2016 7:10pm
Quoting jimsnz
I've traded live accounts with several brokers in the past -- hotforex, oanda, fxcm, pepperstone, mahifx. They're all good, in my experience. Spreads do not matter much for me but pepperstone seems to have consistently low spreads compared to others I've tried.
Have not been with pepperstone. Do they have big minimum deposit? Fxcm and oanda from the list mostly used. Can have substantial refer a friend bonus for anyone interested in signing with Oanda with any deposit. They allow big flexibility with min deposits and new fastest platform in retail FX it says. Always looking for brokers that differentiate whether in spreads, smallest lots, innovations and so on.
  • #4
  • Dec 31, 2016 7:29am Dec 31, 2016 7:29am
Quoting Piptravel
Hello. As the year is ending looking to the next year what are the brokers with best spreads in your view. May be you can come up with top 3 list. If anyone is interested with different New Year and other referral bonuses of brokers for newbies/experienced glad to chat or message about them. Some are deals with no deposits few $100s bonus. Happy New Year.

It is always really subjective to talk about spreads because broker can handle your orders differently in different times (basically if its out of their control and because market reaction can be different during different volatility causes). I can be more certain regarding broker deals as I personally joined into "Hotforex draw"deal where you get a chance to win some worthy stuff just depositing money (as I understand no need to trade). I found a link for more info https://www.hotforex.com/hf/en/landi...iday-draw.html
  • #5
  • Dec 31, 2016 7:36pm Dec 31, 2016 7:36pm
Quoting leebsurag
{quote} It is always really subjective to talk about spreads because broker can handle your orders differently in different times (basically if its out of their control and because market reaction can be different during different volatility causes). I can be more certain regarding broker deals as I personally joined into "Hotforex draw"deal where you get a chance to win some worthy stuff just depositing money (as I understand no need to trade). I found a link for more info https://www.hotforex.com/hf/en/landi...iday-draw.html...
Thank you. There is a habit to look it up around this time of the year. While already told the broker, with which can help ( gave me the good special anniversary referral offer) with bonuses here are some more. There is believe it or not player Ronaldo bonus and other interesting names of these deals. Some brokers do not know while others familiar with. If someone needs help welcome to chat or message. Some of them are little bit funny.
https://lp.xtrade.com/new-cms/xt_r_ronaldo_bonus_en/
https://lp.xtrade.com/xt_r_christmas_4_bonus_en/
http://fxgrow.com/promotions/50-perc...ading-discount
https://grandcapital.net/promo/santa...s500#firstPage
https://grandcapital.net/promo/santa...s500#firstPage
https://www.instaforex.com/xmas_bonus

The spread discussion is endless. It does look like the broker can have lower spreads, but when you need to they are not that low. These spikes are really annoying sometimes.
  • #7
  • Jan 1, 2017 5:26am Jan 1, 2017 5:26am
Quoting Piptravel
{quote} Thank you. There is a habit to look it up around this time of the year. While already told the broker, with which can help ( gave me the good special anniversary referral offer) with bonuses here are some more. There is believe it or not player Ronaldo bonus and other interesting names of these deals. Some brokers do not know while others familiar with. If someone needs help welcome to chat or message. Some of them are little bit funny. https://lp.xtrade.com/new-cms/xt_r_ronaldo_bonus_en/ https://lp.xtrade.com/xt_r_christmas_4_bonus_en/...

You made list of great scam brokers Avoid brokers that give you deposit bonus, it's scam for sure that earns when you lose. Try Pepperstone and IC Markets, very good similar conditions. If you want to reduce costs open AUD account through cashbackforex.com.
  • #8
  • Jan 1, 2017 3:14pm Jan 1, 2017 3:14pm
does anyone know of a good us broker, since apparently most us regulated brokers can still scam you out of your money
  • #9
  • Jan 1, 2017 9:00pm Jan 1, 2017 9:00pm
Quoting edgarh132
does anyone know of a good us broker, since apparently most us regulated brokers can still scam you out of your money
Good question. Most of the brokers on the list in the link used or friends used. Would say they are decent. http://www.financemagnates.com/forex...roved-trading/ Always look for others to have few brokers. Hotspot and Pepperstone are latest consideration.

My favorite is OANDA because of flexibility with 0.00001 lot and the new fastest retail FX platform. According to some official ranking they are top in US https://www.oanda.com/resources/news...-forex-brokers. You can have $0 deposit and open account with them. Referred a friend with $200 bonus deposit on small deposit. Decade with them so they give some promotions. But it depends on type of trader you are.

Happy New Year.
  • #10
  • Jan 1, 2017 9:03pm Jan 1, 2017 9:03pm
Quoting insomniawawa
{quote} You made list of great scam brokers Avoid brokers that give you deposit bonus, it's scam for sure that earns when you lose. Try Pepperstone and IC Markets, very good similar conditions. If you want to reduce costs open AUD account through cashbackforex.com.
Thank you forr that man. Happy New Year. Did you use them? Just want to see if people use these brokers. Pepperstone was told by few people is good.
  • #11
  • Jan 1, 2017 9:21pm Jan 1, 2017 9:21pm
I have traded live accounts with 10 brokers and I choose Darwinex and Global Prime. Very fast execution, low spreads even with commission. And they pay profits
  • #12
  • Jan 1, 2017 9:41pm Jan 1, 2017 9:41pm
Make your own research. Low spreads are often seen from brokers in Australia, Seychellen and Cyprus. Whatever might be the reason, I don't care. I do not recommend a broker, but I have a broker with average priced spreads and that is reachable by my countries laws.

Let's say you live in Europe and you want to trade FX. The biggest FX market in Europe is in London. You decide to go with an Australian based broker. Every time you open an order, your order will be routed to your broker and your brokers algorithm then decides what happens next. Even if they claim they are ECN, NDD or whatever. They first will get your ping. So your order jumps from one server to another, until it is in Australia. Let's say your brokers algorithm forwards your order to their own book or whatever market. Therefore your broker needs current data of bid and ask prices available. Your broker receives those bid and ask from the MM, which are often in London or NY. Again, an information bit jumps from one server to another until it is at your broker. Happily your order and a certain bid or ask found together in Autralia and will be filled. Then thy will be routed back to you. This happens all in milliseconds.

In short: If you do not have to pay it with spread, commission or swap, you have to pay it with something else. E.g. slippage, fraud, ... . The only reasonable argument for a broker to loot you less per trade, is your trading volume. Try to succeed with an average priced broker, sitting on a robust trading volume, server facility and that is reachable by your countries laws.

BRS
Pat
  • #13
  • Jan 1, 2017 10:20pm Jan 1, 2017 10:20pm
Quoting DerPat
Make your own research. Low spreads are often seen from brokers in Australia, Seychellen and Cyprus. Whatever might be the reason, I don't care. I do not recommend a broker, but I have a broker with average priced spreads and that is reachable by my countries laws. Let's say you live in Europe and you want to trade FX. The biggest FX market in Europe is in London. You decide to go with an Australian based broker. Every time you open an order, your order will be routed to your broker and your brokers algorithm then decides what happens next. Even...
Have not heard some names of these brokers. Thank you everyone. Will check out about them. The last response is one of the most insightful. Always felt like there is some trade off and the order sequence is described greaatly there, pretty good. If there is a substantial tradeoff after find out more about these brokers (min deposit, pairs...) than stay with FXCM, OANDA and it does seem low spreads come from Australia. May be the timing of the trade as it starts there first even before Asia. Who knows? May be it starts the trading day there and than orders are rerouted as you mentioned and spreads sort of travel between NYC, London. OANDA has been good to me as described before and if any of your friends open/upgrade account there can refer as get special promotion with them.

Best Wishes for 2017 and not only for that year. For all years, will be more generous lol. More generous than brokers for sure.
  • #14
  • Jan 2, 2017 2:23am Jan 2, 2017 2:23am
Quoting Piptravel
{quote} Thank you forr that man. Happy New Year. Did you use them? Just want to see if people use these brokers. Pepperstone was told by few people is good.

I trade with them for years and there were not many problems with them. With pepperstone no problem at all. IC markets had server breakdown once (it was external problem) and during whole week there were lot of disconnections, so I have stopped trading with them till they had repaired it. During 2 and half year there were also about 10 random disconnections that last 1-10 minutes. I say random, because I haven't had any opened positions, so broker haven't tried to make trading difficult. So pepperstone is more stable, but ic markets has slightly better spreads. There are no execution delays, stop loss hunting and other tricks, just honest brokers. Don't listen this bullshit about ping as they have servers in London and NY. Happy New Year and profitable trading
  • #15
  • Jan 2, 2017 3:01am Jan 2, 2017 3:01am
Hey guys, I wonder how do you get around leverage restriction imposed by CySEC and FCA brokers? Switched to other which offer high leverage or resign yourself to reduced profits?
  • #16
  • Jan 2, 2017 9:35am Jan 2, 2017 9:35am
Quoting insomniawawa
{quote} I trade with them for years and there were not many problems with them. With pepperstone no problem at all. IC markets had server breakdown once (it was external problem) and during whole week there were lot of disconnections, so I have stopped trading with them till they had repaired it. During 2 and half year there were also about 10 random disconnections that last 1-10 minutes. I say random, because I haven't had any opened positions, so broker haven't tried to make trading difficult. So pepperstone is more stable, but ic markets has...
Thank you. Might end up with staying with OANDA, FXCM broker for other markets and Pepperstone. We are not gonna understand order and technical routines in one or two emails. The spikes happen with every broker right? Hope you guys recommend something not cause of special affiliation with them. Recommended IB, OANDA, when they gave me no promos and now able to refer someone and they get $200 bonus or more.

On the leverage, some people do certain brokerage registered somewhere else offshore to get higher leverage. Would not do it or suggest. Non-offshore brokers have European, Asian, Oceanian plus Canada divisions that offer CFD unlike in US and 1:100 and higher margin. With OANDA, FXCM you can have US account or Asian account for example with different rules based where you reside.
  • #17
  • Jan 2, 2017 1:49pm Jan 2, 2017 1:49pm
Quoting Piptravel
{quote} Thank you. Might end up with staying with OANDA, FXCM broker for other markets and Pepperstone. We are not gonna understand order and technical routines in one or two emails. The spikes happen with every broker right? Hope you guys recommend something not cause of special affiliation with them. Recommended IB, OANDA, when they gave me no promos and now able to refer someone and they get $200 bonus or more. On the leverage, some people do certain brokerage registered somewhere else offshore to get higher leverage. Would not do it or suggest....

Spikes happen time to time usually due to big orders that launch cluster of stop orders and due to low liquidity or when there's high impact data release. Brokers can't do anything with that if they offer market conditions. I'm not IB of any broker, moreover to benefit as IB you must use specific link and register account from that link.
  • #18
  • Jan 3, 2017 3:10pm Jan 3, 2017 3:10pm
any one trade with IG or Dukascopy? plz share your experience?
  • #19
  • Jan 4, 2017 7:26pm Jan 4, 2017 7:26pm
Quoting Piptravel
Hello. As the year is ending looking to the next year what are the brokers with best spreads in your view. May be you can come up with top 3 list. If anyone is interested with different New Year and other referral bonuses of brokers for newbies/experienced glad to chat or message about them. Some are deals with no deposits few $100s bonus. Happy New Year.
I am currently trading with just 2 brokers, so I can’t come up with 3 lists. Anyway, I will say Octafx is pretty good if you want news/scalping, as their pretty is low (not fixed) but at least remains that way to certain levels during high news. I also trade with Exness and feel okay, but what I truly hate about them is that, they claim offering spreads like 0.1 pips and such, but NEVER have I seen the spread below 1 pip which often makes me feel frustrated, but still I am fine with it.
  • #20
  • Jan 4, 2017 10:31pm Jan 4, 2017 10:31pm
Quoting proscalperx
any one trade with IG or Dukascopy? plz share your experience?
IG is ok if you can live with min. Stop distance, which dramatically widens during news events and mini lot as lowest size. Besides these two things, I really had a great experience with them.

I did not start with Dukascopy as they claim they forward only your trade to a third party exchange. As far as I know, the third party exchange is owned by them selves. At least I don't know a non Dukascopy affilate that is on this exchange. They also have beauty contests, live trading contests and a platform, that is said by others to be lagging. These are the reasons I do not trust them.
Pat
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