Which is your best broker? - Page 22
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  1. #211
    Join Date
    Sep 2015
    Posts
    138
    I have been with FXCM for 7 months now and use them for the following reasons:
    1. NDD. They dont trade against you like market makers do.
    2. New York close.
    3. I like their marketscope trading platform.
    4. Live trading desk. You can ask their analysts any question you like and they answer you real time. This is real cool.
    5. Heavily regulated and your money is guaranteed with them up to 70k so if the company tanks your deposit is insured.
    6. RDP server included with a minimum deposit. Nice feature but I stopped using it for lag reasons.

    I would never sign up with a market maker no matter how good they sound. With straight through processing, its in the companies best interest for you to be a successful trader as the longer you trade the more money they make in commission.

  2. #212
    Join Date
    Nov 2013
    Posts
    1
    Try FreshForex, it has the best customer service as i experienced with other brokers and their spreads are from 0.5pips.Also FreshForex offer their own MasterCard which does not charges fees when withdrawal.

  3. #213
    Join Date
    Aug 2016
    Posts
    2
    Onetrade look real intermediary between banking market someone something
    to say?

  4. #214
    profitbaby is offline Verified Analyst Master Contributor and Member
    Join Date
    Oct 2013
    Posts
    727
    Quote Originally Posted by newage View Post
    Onetrade look real intermediary between banking market someone something
    to say?
    No just yet another bucketshop that makes market for you.

  5. #215
    Join Date
    Aug 2016
    Posts
    2
    Quote Originally Posted by profitbaby View Post
    No just yet another bucketshop that makes market for you.
    I undertand but which will lie us at least,point me to someone?

  6. #216
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
    Join Date
    Jun 2009
    Location
    New York
    Posts
    3,327
    Quote Originally Posted by mlawson71 View Post
    CTFC just filed a civil enforcement action against FXCM in a US court, accusing them of undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses at the time of the crisis with the Swiss franc (CHF) in early 2015.
    I am kind of confused why this is happening so late after the fact. Also, what happens now?
    Hi MLawson, while I'm not authorized to comment on this personally, I can refer you to our official response below:

    FXCM Issues Statement on CFTC Complaint

    NEW YORK, Aug. 19, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) (or the "Company"), today issued a statement on the complaint filed yesterday by the Commodity Futures Trading Commission (the "CFTC") alleging violations of certain provisions of the Commodity Exchange Act. The CFTC claims relate to the unprecedented and unforeseen crisis that occurred in January 2015 — more than twenty months ago — when the Swiss National Bank ("SNB") shocked the world currency market by announcing in the middle of a trading day that it was discontinuing the minimum exchange rate of the Swiss Franc to the Euro (the "SNB Event"). The Company is very disappointed by the CFTC's decision to file this complaint and attempt to punish FXCM who, like other market participants, was a victim of the SNB Event.

    The SNB Event damaged world markets and damaged FXCM and its customers. By the close of business on January 15, 2015, FXCM customers lost approximately $225 million. As a result of such losses, FXCM experienced for the very first and only time in its history a one-day regulatory net capital shortfall. FXCM thereafter promptly notified both the CFTC and the National Futures Association (the "NFA") of its net capital shortfall due to the unforeseen SNB Event. Within hours of that notification, teams of CFTC and NFA personnel were on site at FXCM's offices.

    Faced with the crisis of the SNB Event, FXCM and its board of directors worked around the clock to raise the funds needed to cure its regulatory shortfall. We succeeded. By the next afternoon, the Company cured its capital shortfall through a $300 million loan from Leucadia National Corporation. We averted the crisis. Given those facts, we could not be more disappointed that the CFTC has decided to pursue an undercapitalization violation claim against FXCM. Such a claim under these circumstances is unprecedented and unwarranted. We are also disappointed in the CFTC's intimation that the Company's "seatbelt" system contributed to the FXCM's undercapitalization during the SNB Event. To the contrary, the Company's seatbelt system prevented FXCM and its customers from suffering additional trading losses that day.

    Equally unwarranted is the CFTC's claim that the Company did not timely notify the CFTC of its net capital shortfall. As noted above, the regulators were fully apprised of the capital shortfall and, within hours of the SNB Event, the CFTC and the NFA were on site at FXCM's offices.

    We also see no basis for the CFTC's claim that the Company improperly guaranteed customers that they would not lose money. To the contrary, FXCM repeatedly represented to and warned its customers of the significant risks of trading FX and that such trading is appropriate only for individuals who can assume risk of loss in excess of their investment and margin deposit. In fact, FXCM customers were required to acknowledge in writing that they received no guarantees of profit or freedom of losses from FXCM or its representatives.

    This action is unfortunate and disappointing, but the good news is that, because we acted as expeditiously as we did in January 2015, we protected our clients, we protected our employees, we protected our shareholders, and we protected our franchise.

    About FXCM Inc.

    FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.

    Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.

    Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

    Contacts
    Jaclyn Sales, 646-432-2463
    Vice-President, Corporate Communications and Investor Relations
    jsales@fxcm.com
    Ask me questions in the Broker Aid Station:
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  7. #217
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
    Join Date
    Jun 2009
    Location
    New York
    Posts
    3,327
    Quote Originally Posted by grantx View Post
    I have been with FXCM for 7 months now and use them for the following reasons:
    1. NDD. They dont trade against you like market makers do.
    2. New York close.
    3. I like their marketscope trading platform.
    4. Live trading desk. You can ask their analysts any question you like and they answer you real time. This is real cool.
    5. Heavily regulated and your money is guaranteed with them up to 70k so if the company tanks your deposit is insured.
    6. RDP server included with a minimum deposit. Nice feature but I stopped using it for lag reasons.

    I would never sign up with a market maker no matter how good they sound. With straight through processing, its in the companies best interest for you to be a successful trader as the longer you trade the more money they make in commission.
    Hi Grant,

    I'm glad you're happy with our services!

    You mentioned experiencing a lag with an RDP server. Are you referring to the virtual private server (VPS) options were offer? If so, could you please tell me more about the lag you experienced? Using a VPS should help to reduce latency for automated trading.
    Ask me questions in the Broker Aid Station:
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  8. #218
    Join Date
    Sep 2016
    Posts
    1

    Default A new concept

    Quote Originally Posted by Tania Islam View Post
    In all fairness, I agree with you with each and every word, I believe you really said well and described things masterfully and I even suggest people to definitely follow what you said.



    Are you talking about ICMarket or OctaFX? I am currently using cTrader platform with Octafx, it’s one of the best platforms in my view since the execution issues are so much better here as compare to Mt4 platform which I feel very upset with due to such issues.
    Hy! I'm new here and in the field of trading. First of all, I apologise for my bad english ( I still help with google translate). I saw that many people have a problem with their broker. And they are right. In my oppinion there are few real brokers around us. As long as the brokers, the traders, the analysts and the introducers are on opposite sides, things may not work. Becouse these "brokers" not traded their own money and behind them are the introducers that bring increasingly more traders with cash, the things will stay always the same. I happened few years ago, at my beginnings, when, of pure luck, after few unsuccessful tranzactions, I opened two long positions on gold and silver and I made in 10 days 70.000 $ with an investment of 2000 $ ( how I said, pure luck ), but because it was nobody behind me, I lost everything in just 30 minutes. That's it what offer us this "brokers". And I know many, many stories like that and you too, I'm sure of that. After that I searched much time a platform that to offer my right services. And so I discovered a platform that put together all these people, the brokers, the traders, the analysts and the introducers. Here you can, can make friends ( if you want, you can meet them ), ask or give advice, share your opinion or strategies, positions or trades with real people in your area or anywhere on the planet. You can forget about fake past results from fake users and robots. Because the platform permit you to copy a real broker who trade there his own money, negotiating directly with him, those who are realy real brokers, can make here a lot of money, the beginer traders ( and not only ) can actively learn about investments earning money, not losing them and the analyst can monetise his analysis. And if you have introducer abilities ( and if you want to do that ), you can do it and their compensation plan will reward you, because 70 % of spread will return to introducers.
    I am sorry for this long story, but I'm very enthusiastic of that platform because I belive that should be normaly and that will be the future. If you are interested, I can give you more detailes.

  9. #219
    Join Date
    Jul 2016
    Posts
    18
    I think FreshForex is good if you want to give it a go. I have been working with them for long enough now without much trouble and things have been going very smoothly, so I would definitely suggest you that, but you can always operate demo first before going into real or even use their no deposit bonus.

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