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Attachments: Reality of FOREX: my experience with brokers + share yours
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Reality of FOREX: my experience with brokers + share yours

  • #581
  • Mar 2, 2017 1:24pm Mar 2, 2017 1:24pm
Quoting Fedricks
{quote} Although, I dont think there is anything wrong with such amount to start with, but if you are willing to just try out the water than better is demo. I would definitely suggest you to try out demo account as that is ideal way you can work out and once you are ready you can go ahead with bigger amount. I personally recommend anyone to go with $500 minimum, as it is more into safety mark and one can gain fair amount of money.

Well I have been practicing on demo. I feel that Im soon confident enough to try live trading. But I really dont feel like depositing 500 EUR.
Anyway based on my own research, I only found one Broker, that I feel like may be worth considering with 100 Eur. http://www.vipromarkets.com
Anyone can comment?

Edit: I feel like trading for a certain time (maybe 1 month), with 100 Eur, and getting used to things is good. After I´m more confident, I can add more money. Well at least, that is my plan.
  • #582
  • Mar 2, 2017 3:58pm Mar 2, 2017 3:58pm
Quoting sandman1111
{quote} Well I have been practicing on demo. I feel that Im soon confident enough to try live trading. But I really dont feel like depositing 500 EUR. Anyway based on my own research, I only found one Broker, that I feel like may be worth considering with 100 Eur. http://www.vipromarkets.com Anyone can comment? Edit: I feel like trading for a certain time (maybe 1 month), with 100 Eur, and getting used to things is good. After Im more confident, I can add more money. Well at least, that is my plan.
Interesting, is there any particular reason for Vipromarkets? As there are far too many brokers allowing traders to start with no minimum from Exness, Octafx, FreshForex, HotForex and even more, so is that the reason you think VM suits you better or is there anything else? BTW, just one thing I am mostly talking about USD accounts, so I haven’t checked for EUR, but I am guessing it should be the same.
  • #583
  • Mar 3, 2017 5:08am Mar 3, 2017 5:08am
Yes there are manymany brokers to choose from. I´m a firm believer that a good broker, never offers bonuses. I find that the very first post in this thread, is very accurate. If you take those recommendations and start choosing a broker that allows 100 Eur deposit, I could only find a few. And Vipromarkets had tightest spreads and lowest commissions. Good regulations also. Only negatives, that I can find are that they are new and theres no balance protection. But I dont see the balance protection as a problem for me.
Here can see spreads https://www.forexfactory.com/brokers.php#spreads

I´m definitely not saying that it is best for me, but right now I haven´t found more promising broker. But since I´m quite new in forex, I´m more than happy to read your comments and recommendations.
  • #584
  • Mar 3, 2017 5:46am Mar 3, 2017 5:46am
Quoting sandman1111
Yes there are manymany brokers to choose from. Im a firm believer that a good broker, never offers bonuses. I find that the very first post in this thread, is very accurate. If you take those recommendations and start choosing a broker that allows 100 Eur deposit, I could only find a few. And Vipromarkets had tightest spreads and lowest commissions. Good regulations also. Only negatives, that I can find are that they are new and theres no balance protection. But I dont see the balance protection as a problem for me. Here can see spreads https://www.forexfactory.com/brokers.php#spreads...
I really don't want to pile it up as it's your own choice, but i am still uncertain over why would you go with them in points you mentioned, i could work out long list of brokers with extremely low spreads and NO COMMISSION and decent regulation too, so seriously no reason for me to think they could be the deal. I was thinking it might be to do with bonus or something of that sort, but surprised you came up with spread thing. Anyhow, good luck with your choice if you really go ahead with them.
  • #585
  • Edited 3:02pm May 1, 2017 2:41pm | Edited 3:02pm
I am a little confused about axiory.
I would really love some clarity about them,
Since you are using them (@tradinglife)

I see axiory.eu is terminated

Axiory.com with licensed with IFSC, belize, 200$ min account

Purpletrading.com
European, 1000 min account, the one you talked about.
Licensed with all kinds of european regulators

Whats up with axiory.com?
Is it their branch in south america or?

From texts on websites, they appear the same.

Im thinking about opening an account with purple site
But i want to understand what i am seeing

Anyway, after you see at least 30 brokers, their webpage,
Its like a breeze of fresh air when you read stuff like
POSITIVE SLIPPAGE yes
FAIR PLAY TRADING no SL hunting no market manipulation / no delayed execution / no conflict of interest

Plus, no bonuses, which already is ingrained in my brain as a requirement, since I've read this thread
  • #586
  • May 1, 2017 4:53pm May 1, 2017 4:53pm
hi
since 6 years ago do have AXIS demo and live so far so good but maybe some better brokers but do not know .
  • #587
  • May 2, 2017 2:39am May 2, 2017 2:39am
Hi,

How is peoples exp with IC Markets? I just opened a live account due to the very low spreads.
  • #588
  • May 3, 2017 6:32pm May 3, 2017 6:32pm
Hi all, how are you?

Could someone share thoughts about tickmill?

Thank you.

Best regards!
  • #589
  • May 30, 2017 9:39am May 30, 2017 9:39am
All brokers, registered on the islands, are risky to deal with (so check the registration and regulation always):

- no regulation or regulation through the island institution;
- no proof of getting money (at least initial deposit) back;
- lack of history of court cases;
- casino-alike business structure.
  • #590
  • May 30, 2017 10:53am May 30, 2017 10:53am
Quoting Kongjarl
Hi, How is peoples exp with IC Markets? I just opened a live account due to the very low spreads.
Good experience. You will not have any problem with them.
Don't give up on your dreams. Keep sleeping.
  • #591
  • May 31, 2017 6:10am May 31, 2017 6:10am
Quoting bonts
All brokers, registered on the islands, are risky to deal with (so check the registration and regulation always): - no regulation or regulation through the island institution; - no proof of getting money (at least initial deposit) back; - lack of history of court cases; - casino-alike business structure.
Regulations plus reputation should be checked and it is good to go with the broker having some good repute in the past..!
  • #592
  • Aug 21, 2017 4:42pm Aug 21, 2017 4:42pm
up
  • #593
  • Aug 22, 2017 3:30am Aug 22, 2017 3:30am
Quoting Artcool
{quote} Good experience. You will not have any problem with them.
+1
IG seems like a reputable company, but it is not.
  • #594
  • Aug 31, 2017 4:45am Aug 31, 2017 4:45am
Dear Traders,

Anyone having experience with ADS markets Abudhabi they claim that their broking company is most secure in world because they have highest paid up capital among all forex brokers of world. also money deposited with them is guaranteed by central bank of UAE.

Personally i had very bad experience with UFX please never trust them or trade with them they are scam.
  • #595
  • Aug 31, 2017 12:20pm Aug 31, 2017 12:20pm
Great thread. Just found it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #596
  • Sep 11, 2017 10:25pm Sep 11, 2017 10:25pm
I have been trading with FXDD for about 5 months. It is my first broker so I cannot compare. Before that I practiced with a FXDD demo account.

They have never send me any e-mail nor have they called me to insist in put more money or insist in anything at all.
Untill now I have not done any money withdraw. I plan to do a little test asking for that before putting more money on the account.

I have no problem with their platform untill now. Off course the demo version has some failures but maybe that is normal.

About big leverages, I don´t care. I will never use them. I like to obtain a good reasonable profit but no casino situations risking the money for what I had to work hard for to get it. My goal is 4 % a month and maybe more if I am lucky with the market moves. For now I only use leverage 1:4 and never risk more than 3 % of my account calculating all of my stoplosses together.
I have been profitable and I am proud of it, since I am new. I keep my head cool and work my strategy like a robot, only my strategy and nothing else.
  • #597
  • Sep 12, 2017 8:03am Sep 12, 2017 8:03am
Quote
Interactive Brokers (interactivebrokers.com)
US traders have a very few options to choose from when they are comparing the brokerages accepting US traders. I don't have much experience with IB, but I consider them to be a good option for US traders. But I would be happy if you confirm or disprove this based on your real experience. You can read more detailed review

As IB customers for the past 6 years i would say that overall they are very solid. they have their ups and downs especially with their TWS platform which is not shy of bugs. Over the years i found them few bugs and most of them till today is not fixed. Also, the charting is on of the worst out there.

Their positive side is they are very cheap, probably the cheapest out there regard commissions. Customer Service is ok.

Overall i would rate them at 7.5/10
  • #598
  • Sep 29, 2017 5:16pm Sep 29, 2017 5:16pm
Quoting kaisarimam96
Dear Traders, Anyone having experience with ADS markets Abudhabi they claim that their broking company is most secure in world because they have highest paid up capital among all forex brokers of world. also money deposited with them is guaranteed by central bank of UAE. Personally i had very bad experience with UFX please never trust them or trade with them they are scam.
Nobody knew when even a regulated broker turned into scam and stop paying its traders better to do some research and i usually suggest withdrawing profits regularly keeping the necessary capital behind and it might also be a good option if we diversify our portfolio with multiple brokers.
  • #599
  • Oct 3, 2017 4:36am Oct 3, 2017 4:36am
I've been as of now trading with a great deal of brokers and encountered a considerable measure of terrible/duping hones and also great ones. Presently I might want to share my experience and tell here which brokers you should not exchange with and which brokers depend on my experience safe to exchange with. I'd likewise get a kick out of the chance to welcome different traders to impart their experience to genuine records as it were! what's more, I'll add your experience and notes to this initially post. I'd get a kick out of the chance to make something like database of broker's notes/experience and table of genuine versus low-quality brokers.
  • #600
  • Oct 3, 2017 7:23am Oct 3, 2017 7:23am
Good morning Guys,

im from Canada and my broker Questrade decide to not support MT4 anymore. i tried there FXGlobal web based system and its not user friendly at all.

My question is do you guys recommend any broker that a Canadian resident can use?

thank you.
slowly learning.
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