Getting lost in marketing tricks....

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vizius

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Hi,

I'm relatively new to forex trading (4 month) and at the moment i have an FXCM micro account.

I've read in a number of places that FXCM plays dirty games and was recently fined by the NFA which makes me think i should probably switch brokers....

I've spent hours at reading on various forums and my main conclusion is that all the sales reps make it imposible to understand which brokers are reliable and which brokers are scamming their customers.

I would really appreciate if someone can recommend an HONEST reliable broker that supports micro lots and doesn't require an initial deposit of more that 200$ (I've set my goal for 6 month of successful trading before moving on to large sums:clap:).
 
pboyles said:
There are none, the business exists to rip you off.
Click to expand...

we all understand that brokerage is not a charity

and we are ready to pay for service to facilitate our market bets

but to whom?

purely online brokers are all cheaters (just of different degree)

my take would be to look at companies

which were in this business before the dawn of internet trading

and moved online later to use internet simply as an efficient tool of service

but not as a mechanism to rob naive souls
 
vizius

Are you losing money at present?
If your current broker isn't causing you much harm then perhaps you should stay put because you won't necessarily find a better one.

If you still want to try someone else, I've heard that pepperstone and trading point are ok (but I don't know they are regulated in the UK)
 
Als said:
we all understand that brokerage is not a charity

and we are ready to pay for service to facilitate our market bets

but to whom?

purely online brokers are all cheaters (just of different degree)

my take would be to look at companies

which were in this business before the dawn of internet trading

and moved online later to use internet simply as an efficient tool of service

but not as a mechanism to rob naive souls
Click to expand...

Like MF Global?
 
El Bandito Schlongo said:
Retail forex is very tough from this point of view. I would suggest building up your account and trading futures when the time is right. That way you are going through a proper exchange with proper prices, not at the mercy of some third-rate bucket shop using made up prices.
Click to expand...

prefer index cfd with dow ftse dax 1 pip spread and some commission

forex is only for active scalping

why in search of reliable ecn/stp "commission only"forex and cfd(dma) service

with total cost no more than 1.5 pip per lot(1 pip is a fantasy)

dbfx was good with 1.7 but there were no cfds

wud like to have both on one platform
 
pboyles said:
There are none, the business exists to rip you off.
Click to expand...

why do you trade then?

----------

as for mfglobal.........

one should look at personalities behind perspective broker first

and second.........risk is an inherent feature of any business
 
vizius said:
Hi,

I'm relatively new to forex trading (4 month) and at the moment i have an FXCM micro account.

I've read in a number of places that FXCM plays dirty games and was recently fined by the NFA which makes me think i should probably switch brokers....

I've spent hours at reading on various forums and my main conclusion is that all the sales reps make it imposible to understand which brokers are reliable and which brokers are scamming their customers.

I would really appreciate if someone can recommend an HONEST reliable broker that supports micro lots and doesn't require an initial deposit of more that 200$ (I've set my goal for 6 month of successful trading before moving on to large sums:clap:).
Click to expand...


They are still one of the better ones which says a lot about the industry. Make your own mind up, don't accept requotes.
I would hope that they change things after their fine and become a reputable broker, but with the same people in charge it's doubtful.
 
vizius said:
Hi,

I'm relatively new to forex trading (4 month) and at the moment i have an FXCM micro account.

I've read in a number of places that FXCM plays dirty games and was recently fined by the NFA which makes me think i should probably switch brokers....

I've spent hours at reading on various forums and my main conclusion is that all the sales reps make it imposible to understand which brokers are reliable and which brokers are scamming their customers.

I would really appreciate if someone can recommend an HONEST reliable broker that supports micro lots and doesn't require an initial deposit of more that 200$ (I've set my goal for 6 month of successful trading before moving on to large sums:clap:).
Click to expand...

up to 30 seconds delay on demo..........

is not it clear what sort of game this broker plays?
 
For what it's worth, I spent the past several weeks trying to gain insight on brokers that I was demoing and didn't get a ton of help, but I wound up going with MB Trading (they're based in the US, but I think they also have offices in Europe now, too). I was looking into them, Oanda and a few others. They're all comparable, but MB seemed to fit my needs the best and they have a decent reputation, relatively speaking, as all the brokers seem to get their fair amount of hate posts on this and other forums. So I'd recommend them for you to at least take a look at. I think Oanda is also a viable option to look at. They're all going to have their knocks against them, but hopefully these suggestions will give you some options to consider. Good luck!
 
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