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Can anyone recommend a reliable Broker?

  • #101
  • Jan 23, 2017 2:52pm Jan 23, 2017 2:52pm
A good broker is not as easy as many would have you think. We've spent many years and have only found two reliable honest brokers. IC Markets.com and revolutionfx.com. Both offer a true ECN feed with very small spreads and cheap trading cost. The only issue with IC Markets is they B book their clients. (Trade against their clients) Most brokers do. The only one that I've found who doesn't is revolutionfx.com. There might be others out there but don't have it where your funds in held in an"A regulated environment."
  • #102
  • Jan 25, 2017 1:36am Jan 25, 2017 1:36am
Quoting leebsurag
{quote} Do you really think normal traders can be attracted by 25 min deposit? Most brokers offering low deposit threshold is bucketshops. Especially new ones, which don't have enough feedback and reputation to attract serious clients. My recommendation is Hotforex or FXCM, best brokers I've tried so far for scalping
Attracting newbie traders is a wise thing that most brokers are using. Let's see 90% traders blow theirs account at the very beginning to know why minimal deposit is a good marketing way.
  • #103
  • Jan 25, 2017 1:23pm Jan 25, 2017 1:23pm
I have never heard of IC markets. I will add them to my demo list.

Update so far after a few days:

ETX - seems ok, mostly self service but really dont like their platform
LCG - spreads are wide on most FX pairs.
XTB - Platform is really quite good
IC - will try them out tomorrow and feedback

Maybe i will also add some others if I find the time.
  • #104
  • Jan 26, 2017 11:17am Jan 26, 2017 11:17am
Looking for brokers are not easy anymore, as there are thousands of them around in the World Wide Web!
Most of them are either bucket shop or Scam Shop.

Even if they are regulated by FCA doesn't mean they are Legitimate. The company must have the strong historical background or listed by Exchange.
Otherwise try not to deposit too much with them, no harm trying with a small deposit.

The most interesting story that I had read was "CWM FX" & "TradeNext"
There is no Guarantee Winner for the Game
  • #105
  • Jan 26, 2017 2:28pm Jan 26, 2017 2:28pm
Quoting SeanSalsa
Looking for brokers are not easy anymore, as there are thousands of them around in the World Wide Web! Most of them are either bucket shop or Scam Shop. Even if they are regulated by FCA doesn't mean they are Legitimate. The company must have the strong historical background or listed by Exchange. Otherwise try not to deposit too much with them, no harm trying with a small deposit. The most interesting story that I had read was "CWM FX" & "TradeNext"
As I have stated many times before, regulated by FCA is NOT enough. You have to make sure it's FCA UK. Since UK is still part of EU any brokers can just get what's called an FCA affliated license which is NOT the same. What that means that they are being allowed to operate to operate in UK by the FCA but they are not bound and they do NOT answer to the regulations by FCA UK and when shit hits the fan, FCA UK does not oversee them; you are basically still trading with a broker that's regulated by the regulation of its home country like Cyprus.
Make your losses in demo. Earn your profits live.
  • #106
  • Jan 27, 2017 3:42am Jan 27, 2017 3:42am
True, but the Brokers I had mentioned was Regulated by FCA UK.

CWM - https://register.fca.org.uk/ShPo_Fir...000000RvpzlAAB
They are the Appointed Rep (AR) of FCA UK regulated Company
Blacks Financial Ltd - https://register.fca.org.uk/ShPo_Fir...000000NMcSCAA1

Trade Next - https://register.fca.org.uk/ShPo_Fir...000000NMfICAA1
They were regulated by FCA UK directly

What I'm trying to say Brokers is more reliable if they have a strong historical history in this or other business.
As Reputation Damage will be more important than making Small Percentage of Revenue for the whole Group.

Choosing Broker will need to consider these points as well.

So is Perk more Important or Safety of Fund more Important?
For myself I will use Perk and Secondary, Company Financial Stability as Primary.

Just my Point of view on choosing a Broker.
There is no Guarantee Winner for the Game
  • #107
  • Edited 7:35am Jan 27, 2017 5:41am | Edited 7:35am
Guys what do you think about FXTM and Alpari, are these brokers reliable?

- I would be investing a small $100.00 capital to start with and it would be a standard account NOT ECN, however would like to know if anyone has any inputs on how these 2 brokers are, after all experience counts, so anyone with some experience with the above 2 brokers any feedback would be appreciated, thanks
  • #108
  • Jan 27, 2017 5:58am Jan 27, 2017 5:58am
Quoting FX-Reaper
Guys what do you think about FCTM and Alpari, are these brokers reliable? - I would be investing a small $100.00 capital to start with and it would be a standard account NOT ECN, however would like to know if anyone has any inputs on how these 2 brokers are, after all experience counts, so anyone with some experience with the above 2 brokers any feedback would be appreciated, thanks
Alpari have a reputation to protect, as they have been around for 18years, but they are foreign broker operate by Mainly Russian.
The regulatory protection to retail investor will be different to the one is US and UK.

In term of Professional, I believe they should be fine, but wait for people who has accounts and experience dealing with them to response.

Who is FCTM? Do you mean FXCM or FXTM?
There is no Guarantee Winner for the Game
  • #109
  • Jan 27, 2017 7:35am Jan 27, 2017 7:35am
Quoting SeanSalsa
{quote} Alpari have a reputation to protect, as they have been around for 18years, but they are foreign broker operate by Mainly Russian. The regulatory protection to retail investor will be different to the one is US and UK. In term of Professional, I believe they should be fine, but wait for people who has accounts and experience dealing with them to response. Who is FCTM? Do you mean FXCM or FXTM?
Yeah its FXTM typing mistake,sorry about that
  • #110
  • Jan 27, 2017 8:40am Jan 27, 2017 8:40am
I would recommend a broker, but I would probably be labeled a " spammer " .
  • #111
  • Jan 27, 2017 4:59pm Jan 27, 2017 4:59pm
Which broker would be good for me I would start with $100.00 I live in India btw, any insights?
  • #112
  • Jan 27, 2017 6:59pm Jan 27, 2017 6:59pm
Hotforex
Pepperstone
Icmarkets
ViproMarkets
GlobalPrime
Forex4you
LmFx

Some solutions to trade.
  • #113
  • Jan 29, 2017 7:45pm Jan 29, 2017 7:45pm
I believ it's hard to find 'reliable and honest' broker. All those top brokers have many bad reviews, and I also had some bad experience with a big and famos broker. Probably smaller brokers are more reliable then the top big brokers. I am currently trading with lqdfx, so far I cant say anything bad, enjoying the low spreads they have and the customer service. I cant say they are 100% relable and honest, because it takes time I think, I am only trading with them for few months now. But for the moment this broker give me what I need - low spread, good service and fast withdrawals
  • #114
  • Feb 1, 2017 3:49am Feb 1, 2017 3:49am
Quoting DesertSky
A good broker is not as easy as many would have you think. We've spent many years and have only found two reliable honest brokers. IC Markets.com and revolutionfx.com. Both offer a true ECN feed with very small spreads and cheap trading cost. The only issue with IC Markets is they B book their clients. (Trade against their clients) Most brokers do. The only one that I've found who doesn't is revolutionfx.com. There might be others out there but don't have it where your funds in held in an"A regulated environment."
I find this hard to believe, because there are so many brokers out there with good services. Maybe this is the feel or what you have come agree with due to some reasons.
  • #115
  • Feb 1, 2017 3:53am Feb 1, 2017 3:53am
Quoting hoangforex
{quote} Attracting newbie traders is a wise thing that most brokers are using. Let's see 90% traders blow theirs account at the very beginning to know why minimal deposit is a good marketing way.
Sometimes we can't entirely blame these brokers, because nobody is coarse to trade with them. We need to make our own findings before we choose any broker that we must trade with carefully.
  • #116
  • Feb 1, 2017 9:32am Feb 1, 2017 9:32am
Quoting FX-Reaper
Which broker would be good for me I would start with $100.00 I live in India btw, any insights?
Hey mate,
Isn’t forex trading currently illegal in India? Could you please give me some details on that matter?
Cheers,
Ulli
  • #117
  • Feb 2, 2017 1:33am Feb 2, 2017 1:33am
I heard from my Mate from India, mentioned something like their bank account will be frozen by the Government if found they have been funding their investment/trading activities outside India.

Not sure how other payment method works.
There is no Guarantee Winner for the Game
  • #118
  • May 28, 2017 9:50am May 28, 2017 9:50am
Quoting Jayeshpatel4
I believ it's hard to find 'reliable and honest' broker. All those top brokers have many bad reviews, and I also had some bad experience with a big and famos broker. Probably smaller brokers are more reliable then the top big brokers. I am currently trading with lqdfx, so far I cant say anything bad, enjoying the low spreads they have and the customer service. I cant say they are 100% relable and honest, because it takes time I think, I am only trading with them for few months now. But for the moment this broker give me what I need - low spread,...
How much is the spread charges approx for eur/usd ?
  • #119
  • May 29, 2017 5:22am May 29, 2017 5:22am
A reliable support from a credible trading broker mostly needed for ensuring a successful trading life with certainly, because the trading broker can affects the result of our trading with certainly.
Actually without using practically that’s very difficult to recommend at any broker, because most of them are found to be scams.
  • #120
  • May 29, 2017 7:32am May 29, 2017 7:32am
in order to me , the best reliable trading platform which always ensures best trading environment for using any kinds of trading techniques with scalping and hedging by proving lowest trading spreads as well minimum margin requirements.
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