guys,
Need a hand choosing a broker mainly for forex ( and some equity) scalping based in the uk?
Is IG any good? or Pro Spreads?
Really struggling to select a broker. My deposit will be £5,000
Thanks
Nathan
The very best SB platform I've ever come across is FXCM, they allow scalping but their spreads are way, way too wide.
Hi x4x,
I'm glad to hear you like our platform, but since you mentioned our spreads, you might like to know that FXCM recently introduced new lower spreads via dealing desk execution: http://www.trade2win.com/boards/forex-brokers/88834-fxcm-discussion-54.html#post1954546
Our dealing desk execution uses our No Dealing Desk price feed as a base to execute orders. But since we offset the orders internally on the dealing desk model, we're able to reduce spreads by 1 pip for the most popular currency pairs.
Jason
the T2W reviews sum things upto better than i can
but they seem to point to IG messing around once traders start to win, and esp when they go in bigg-ish
there reviews seem to be getting better, and they are the better of a very bad bunch
but then again its a known fact that the whole of the market hunts large positions
(not just individual retail brokers)
there is also a website named "IGindex are cheats" worth a look at for anyone that's not seen it before
always good to take such info with a pinch of salt, as maybe those involved were likely not trading fully responsibly and likely too greedily
but never the less, if alot of traders say they stophunt.. especially ay night they cant all be wrong
personally never had too many problems - but then i don't bet big
i once heard traders should never trade more than 10 lots or they are asking for trouble
not sure what that is in real money, maybe £150 approx which also seem way too much
think we need to spread the money around between the few half decent brokers
and £10 - 20pp is more than enough and can help keep under the main radar and let the brokers concentrate on the very greedy
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