Its hard to suggest some ideal broker as each has its pros and cons and only experience (losses and gains) will give you a clue what are your requirements to the broker. One of the advantages I consider crucial for a broker is raw spreads+commission which forms cheap ECN platform, I found one at Hotforex, with my second broker FXCM I like to discover new trading instruments, test trading station etc.
Is FXCM good? It was a big scandal recently arout its fine. Some issues with a french regulator as I know.
Yeah they also had problems with NFA as they applied assymetrical slippage for their US clients, but later because of NFA investigation reimbursed all losses caused by this trick. But now they act fair I think, though I keep my main account with Hotforex cuz think they're more reliable.
this is a really helpful thread as I am a newbie myself and is good to see other peoples experiences with brokers so to choose the good ones. I would like to ask, I came across this new STP broker Vipro Markets, with min deposit 25, has anyone traded with them? If yes, please share your opinion.
I am currently testing some news and correlation EAs with them, at this stage at demo but the feed and execution is good.
As a beginner, we the traders have to trade in regulated trading brokers which make sure security of funds, free demo account for practicing, customer service, proper transaction system, and much more. Because of these real trading facilities I have chosen MXTade trading broker which is mainly considered as an EU regulated trading broker by the high authorize in this market place.
Well I think the only broker I have an edge with is Hotforex. They offers account types which exactly fit my needs I can test different strategies with different executions, charges, they can even fit account for my personal needs per request. I couldn't find it anywhere else.
Most top brokers have various account options from no com, no spread to fixed spread or MAMM, PAMM, Zulutrade. I think your broker could be one among of them.
Hello. I'm looking for this kind of broker too. Did you make up your mind? Which broker did you choose?
I heard that some brokers doesn't accept newbie's stragety, it's right?
Hey guys! Is there any updates about the brokers?
Which broker is most reliable?