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NEED HELP FINDING A RELIABLE BROKER

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NEED HELP FINDING A RELIABLE BROKER

Post by pipsRus on Wed Dec 31, 2008 2:40 am

So I've been looking on forexpeacearmy.com for a while now and I'm getting a lot of mixed reviews. Seems like every shop is a bucket shop. Can anyone give me some direction here?

I compiled a list of brokers not to use for sure.

Bucketshops:

FXCM
AVA
GFT
MB Trading
Swissfs


Questionable:

Dukascopy - $50k minimum balance
FXpro
Oanda

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Learning_pips on Fri Jan 02, 2009 5:39 pm

HI piprus,

I am also looking for one and have a few that might be worth looking at. Let me know if u have any opinions on these..

1.atcbrokers
2.activ
3.alpari

I want to go live but cant think of a good broker..

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by pipsRus on Wed Jan 07, 2009 6:15 am

Hey Learning have you made a decision as to what broker you are going to use? I can't get over all the nightmare stories people post. Seems like there is no one you can trust out there.

let me know if you have any new info.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Learning_pips on Wed Jan 07, 2009 3:05 pm

Ya dude I can understand..well I really like activetrades as they need small amount to open an account and they allow microlots. I am lookin to start with 1000USD and trade in microlots. Other than them alpari seems to be alrite..I was trying to atc..they are ecn but they will take some time to integrate it into MT4..

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Learning_pips on Wed Jan 07, 2009 3:07 pm

Dude maybe we can work something out by referring eachother or something..generally most brokers give good rebates...atleast we can get some of that spread back..Smile

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by pipsRus on Thu Jan 08, 2009 7:10 am

hey if that works i can do that... also, with atc what do you mean it takes a while to setup mt4? from my past experience it's just a quick download and youre up and running. what didnt you like about atc? they are out here in the US thats why I liked them the most out of the 3 you had listed. Alpari seems good but just looking at their website it screams bucketshop. I also went through their forums and it seems like theyre having problems with executions taking 20-30 seconds and that was a recent post. I dont know how much it would matter with the trading style of Stallion. Like I said, there is a horror story with every broker.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Learning_pips on Fri Jan 09, 2009 3:31 am

pipsRus wrote:hey if that works i can do that... also, with atc what do you mean it takes a while to setup mt4? from my past experience it's just a quick download and youre up and running. what didnt you like about atc? they are out here in the US thats why I liked them the most out of the 3 you had listed. Alpari seems good but just looking at their website it screams bucketshop. I also went through their forums and it seems like theyre having problems with executions taking 20-30 seconds and that was a recent post. I dont know how much it would matter with the trading style of Stallion. Like I said, there is a horror story with every broker.

I agree dude..there is indeed a horror story with everyone of them. What I meant with ATC was that they are in the process of linking their ECN backend with MT4. The demo is already up and I am trying it currently, good spreads but the MT4 conection is not ready in live account. Personally I dont want to be part of a new experiment as there are lot of technological glitches in the begining.

Alpari: I did some research and ur right..so thats also out of the list!!

ACTIV:Dude just check them out as well..they offer Micro lots and I dont know how much amount you are thinking of starting with but I am going to put in 500 bucks to start with. Risking 2% per trade with a 40 pip SL that comes to 25 cents/pip..which is only possible with microlots..

The QUEST continues...

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by pipsRus on Fri Jan 09, 2009 8:22 pm

I personally am not doing micros. I was looking at Alpari myself and have to review them again. From what I gathered, atc already had their mt4 all in place and no longer in testing... but if youre using it and its being tested then I was wrong on that. What is your take on MB trading?

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unlimited money

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Follett on Tue Feb 10, 2009 5:43 am

I am quite happy with Forex-metal broker.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by mikecomputerman on Wed Feb 11, 2009 8:18 am

May I request you to humbly consider WSD Financial ? More information at [You must be registered and logged in to see this link.]

Thank you Cool

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by finvik on Wed Feb 11, 2009 6:34 pm

What ever forex broker you choose you should have to lean about forex & its strategy which you can get from this link [You must be registered and logged in to see this link.] & before choosing broker you can ask some questions from yourself they are :
Is this broker registered with any regulating authorities?
Dealing Desk or Non-Dealing Desk broker?
How much or how little leverage will a broker give you?
Does this broker credit or debit daily rollover interest?
Does this broker over premium services such as charting, news feeds, and market commentary? How important are premium services to my trading?
Compare brokers
Open demo accounts and ask questions

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New promotion

Post by mikecomputerman on Fri Feb 20, 2009 11:32 am

We are now having a new promotional offer: Open an account with us today and get a bonus up to US$1,000.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by finvik on Mon Feb 23, 2009 9:11 pm

I have visited your site tell me more details.
In case of basics knowledge on forex then visit my signature.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by mikecomputerman on Wed Mar 11, 2009 6:08 am

finvik wrote:I have visited your site tell me more details.
In case of basics knowledge on forex then visit my signature.

Sorry for the delay. More details on the new promotion is located here: [You must be registered and logged in to see this link.]

Questions and comments are always welcome Cool

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by finvik on Fri Mar 13, 2009 7:31 pm

mikecomputerman wrote:
finvik wrote:I have visited your site tell me more details.
In case of basics knowledge on forex then visit my signature.

Sorry for the delay. More details on the new promotion is located here: [You must be registered and logged in to see this link.]

Questions and comments are always welcome Cool

I have visited your link but i did not get proper information.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by mikecomputerman on Wed Mar 18, 2009 7:00 am

finvik wrote:
mikecomputerman wrote:
finvik wrote:I have visited your site tell me more details.
In case of basics knowledge on forex then visit my signature.

Sorry for the delay. More details on the new promotion is located here: [You must be registered and logged in to see this link.]

Questions and comments are always welcome Cool

I have visited your link but i did not get proper information.

Okay, please ask any doubts or questions here. I will do my best to assist you with anything you need. But please be quick, as the promotion is going to end very soon.

In case you want to contact me directly, my E-mail address is [You must be registered and logged in to see this link.]

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Choose Your Forex Broker With Care

Post by annacoull on Thu Mar 19, 2009 11:58 pm

Brokers fall into 3 broad categories: ECN, non dealing and market maker and from experience I have found there are at least 16 questions you should ask before opening a forex account and these are as follows:

1. What is the net capital of the company
2. Is the company regulated
3. Is the company a dealer or a broker
4. What are the leverage and margin rules
5. What are the costs of trading
6. Does the company offer telephone support
7. How easy is the platform to use
8. Is the trading platform reliable
9. What is the charting like
10. How long has the company been in business
11. What reputation does it have in the forums
12. Trading style and order types
13. Micro, mini and regular account spreads
14. Interest on the account
15. Hedge trades allowed
16. Rollover

Once you have your answers it is so important to select a broker which matches your trading style - it is pointless opening an account with a broker such as Oanda which is classified as a market maker and then then expect to be able to scalp - you will not be able to do so because spreads widen alarmingly when the markets are volatile.

Details of the questions along with all you need to know about forex trading can be found on my site: [You must be registered and logged in to see this link.] and all the information is freely available. This is just one of over 30 sites I have published devoted to trading and investing (again all free). You can follow my daily commentaries and trade recommendations at [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] - visit any of these where you will find a complete list.
Anna

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by finvik on Fri Mar 20, 2009 6:44 am

mikecomputerman wrote:
finvik wrote:
mikecomputerman wrote:
finvik wrote:I have visited your site tell me more details.
In case of basics knowledge on forex then visit my signature.

Sorry for the delay. More details on the new promotion is located here: [You must be registered and logged in to see this link.]

Questions and comments are always welcome Cool

I have visited your link but i did not get proper information.

Okay, please ask any doubts or questions here. I will do my best to assist you with anything you need. But please be quick, as the promotion is going to end very soon.

In case you want to contact me directly, my E-mail address is [You must be registered and logged in to see this link.]

Yeah of course i will ask.

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by shiny100 on Mon Jul 13, 2009 8:53 am

All, I hoping some of you guys can help me with this. I am looking for a broker that:

1. Has 2 pips spread on the majors

2. Allows / Have no problems with scalping

3. Uses MT4

Thanks in advanced for all replies!

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Re: NEED HELP FINDING A RELIABLE BROKER

Post by Jacq Stone on Wed Sep 07, 2011 9:04 am

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Re: NEED HELP FINDING A RELIABLE BROKER

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