Recommend me a Broker!

May 15, 2015
16
0
11
#1
Hi Guys,

New to the world of Forex, I've been trading for a few months now with the last two being Pip positive. I'm using really simple S/R zone type strategy and being extremely selective in the trades I take.

Currently been using IG .com as my broker, never really considered anyone else. If I have two more pip positive months I am considering investing a very modest amount of starting capital and trading at £1.00 per pip.

Can any one recommend me a broker? Principally looking for a few things:

  • Regulated by the FCA
  • Negative Balance protection
  • Track record of good customer care/support

Also, brokers tend to have a very bad rep. Are they all really crooked and its a case of finding the least crooked? I look forward to hearing from you all.

Cheers!
 

gerryg

Active member
Sep 9, 2013
915
9
28
#2
Also, brokers tend to have a very bad rep. Are they all really crooked and its a case of finding the least crooked? I look forward to hearing from you all.

Cheers!
Market is most skilled crook I would say:D it knows where you place stops (that's why you can see so many broker stop-hunting complaints), cause slippage and create other obstacles which leave traders out in the cold.

Just invest small part so you can allow it to lose. And always trade with getting ready for worst
 

progix

Active member
Feb 25, 2016
212
2
28
#3
Just invest small part so you can allow it to lose. And always trade with getting ready for worst
Forex market is very professional market and it does not allows to make mistakes so any new trader might go with reputed broker and start forex trading with small amounts or with that specific amount which we can afford to loose.
 

Peter Borren

Active member
Apr 8, 2017
166
3
28
#4
Forex market is very professional market and it does not allows to make mistakes so any new trader might go with reputed broker and start forex trading with small amounts or with that specific amount which we can afford to loose.
Yes it is. Newcomer should kick off live account with minor balance, otherwise they could fall a great trouble , because there is nothing 100% in here and maximum time markets moves at random .
 

gerryg

Active member
Sep 9, 2013
915
9
28
#5
Hi Guys,

New to the world of Forex, I've been trading for a few months now with the last two being Pip positive. I'm using really simple S/R zone type strategy and being extremely selective in the trades I take.

Currently been using IG .com as my broker, never really considered anyone else. If I have two more pip positive months I am considering investing a very modest amount of starting capital and trading at £1.00 per pip.

Can any one recommend me a broker? Principally looking for a few things:

  • Regulated by the FCA
  • Negative Balance protection
  • Track record of good customer care/support

Also, brokers tend to have a very bad rep. Are they all really crooked and its a case of finding the least crooked? I look forward to hearing from you all.

Cheers!

Well my choice is Нotforex and Tickmill, second is FCA regulated so feel free to check them both
 

gerryg

Active member
Sep 9, 2013
915
9
28
#8
It's not guaranteed. It's the added benefit of someone looking after your broker. There are good ( and bad ) brokers that are regulated and good ( and bad ) brokers that are not regulated.

Are there unregulated brokers which are good in your view? Systemic risk, i.e. broker scam is what you have to avoid in first place, and unregulated brokers are a straight way to this issue..
 
Aug 24, 2015
95
3
18
Frankfurt
#9
The fact that the broker doesn't have a license and is not regulated doesn't mean that the one that has all these things is going to be more decent and honest.
 

gerryg

Active member
Sep 9, 2013
915
9
28
#10
The fact that the broker doesn't have a license and is not regulated doesn't mean that the one that has all these things is going to be more decent and honest.
At least you don't lose anything if you set up trading account with regulated broker. If you expect that the services of licensed and regulated brokers will cost more for you, then you are wrong. In the balance of costs benefits there is no difference between them.
 
Feb 14, 2018
6
0
1
New York
#11
I think the choice of brokers for anyone who wants to deal with a forex key item in this business and I do not mean just about spread or commissions in terms of who is cheaper, but most of the security of the funds invested, as well as on regular earnings or invested capital .
 

hatemypips

Active member
Nov 11, 2014
258
5
28
#13
Check Amarkets broker. I heard they are FinaCOM participants and have great CS.
Great that you spread information about your broker in every thread and forum, but personal due diligence is the only thing that protects you from systemic broker risk as well an sharp eye against unfair broker practices.
 

bradley79

New member
Feb 5, 2018
14
0
1
#14
JFD Brokers is FCA registered.
Pure DMA/STP (meaning they are not a MM and don't have a DD). Average USD/EUR spread is 0.3pips.
+ Negative balance protection
+ Positive slippage
+ Post trade transparency reports
+ customized MT4 and MT5 platforms
+ Good CS and support
+ Allow scalping and HFT
+ Lots of trading products (500+ on MT4 and 1000+ on MT5)
+ Demo account has the same trading conditions as live account (without the slippage)
+ Segregated accounts

- 500 USD/CHF/EUR/GBP minimum deposit to open a live account
- Site is sh#t and hard to navigate
- Contract specifications are hard to find (but are present)
- Live accounts have a 25EUR inactivity fee, if you haven`t traded for 3 months
- Inactive demo accounts are automatically closed (after 3 months inactivity)
- Default leverage is x50 (could be a bit lower)