Day Trading & Forex Forum

evergreen1

ther are alot of broker in the forex world u can choice any one. you must need the best competitive spread and fast execution. if ny one want to open an new account contact me on my yaoo mail and hotamil id which is given below.
khurshid_i@yahoo.com
kiqbal1@hotmail.com

docforex

I totally agree with you because spreads is the most important issue to consider in my opinion and finding the right broker offering the lowest spread can be a grueling task but you can reach it.

GBPEURUSD

hey
you could rather stick to your current broker instead of looking around, but some would want to diversify the funds with couple or more brokers.

I have been using Easy Forex and have no issues with the interface, spreads or customer service.

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Learn the basics of FX

N Rothschild

deutchse bank

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"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

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Jason Rogers

Another thing to consider is the regulatory authority that overseas the entity you are trading through. Not all regulators are created equal you will find. In the UK, financial regulations provide for fully segregated accounts.

danial

If segregated accounts is the same in UK as all other well regulated countries (USA - CH 4 eg) then that is not fully correct. I found out that what it actually means is that the broker has a client account that requires it to be separate from their "running" account, ALL clients money is deposited en masse into this one account which is in the name of...the broker. If it were a real segregated account then you would be eligable to get a bank card to it, because it should be in your name. What is important is up to what amount is your account insured to? With UK and Switzerland it works out, if I remember correctly, to about the same amount. UK is up to £80,000 and Switzerland and the USA $/CHF 100,000. In all cases it is PER account and not per person.

Spreads is important but most top brokers are so close that the difference lies more with the execution quality and number of liquidity providers they have, the more the better. I am Very happy with ACM who seem to have a good balance of both.

Jason Rogers

A segregated forex account in the UK wouldn't work the same as an account with a US broker. If your FSA regulated broker segregates client deposits and maintains funds in accounts earmarked for the benefit of customers, then in the event of bankruptcy, such funds may not be used to benefit other creditors, but to ensure customers receive back their deposits. This is not the case in the US for forex dealer members.

The crown forex bankruptcy should be an interesting test case for Swiss brokers.

Hittfeld

Huh??? As far as I know, its up to a swiss broker to get insurance coverage (but find out, if they paid the fees), only for brokers with bank status coverage is granted by government.

Regards

Hittfeld