Which is your best broker?

yeah but Capital One Forex, a scam company that will not pay any profit or even refund traders deposit
and Capital one forex still owe me $500 not including profit

poor scammer., always looking for victims to covers their expenses, servers, hosting, and lifestyle…
always advertising your broker, capital one forex scam, to get new traders throw their money into your pocket. why do not use google adwords to promote your scam scheme capital one forex?lack of money?

but thx capital one forex, after scammed by you ,

i found monex, Tickmill, and Millenium that 10000% better than yours,and always pay my withdrawal .with resonable spreads and commisions.

There is no doubt, every broker has its best and its worsts, personally, I like FreshForex, (very flexible with limit orders and they have cell alerts) and stable web based software and pays interest well) personally… i haven’t tried many out there, but this one have done the job nicely…

I never had any problem with FreshForex. Dealing Rates and live trading available 24/7. Tight spread is something that I like too, euro 1.5pip, and usdjpy almost 2pips and more. So I think its easier for trading.

Whatever broker you chose, make sure you don’t fall for somebody’s scam of pretending to be a legitimate broker, like these two pretending to be the UK broker Atom8 Financial Services. I had no idea this was a thing, but then again I shouldn’t have been so surprised.

guys, i had enough of the perpetual whining i encounter on these retail forums. if you are serious about trading, then start thinking like a professional. what do professionals do? they find and use professional solutions.

right there, MT4/5 is not it. right there, your street corner retail broker in Limassol is not it.

so what does a pro do? s/he finds a prime broker. and if the entry fee is too high, then he goes for the next best thing: a broker that caters to pro traders that have graduated from being retail douches that can’t seem to be able to manage anything greater than a 10K/USD account! here is a list of brokers with which you won’t have any of the issues that people complain about on these pages:

prime brokers first:
Baxter-FX: intial capital = 50K/USD (Australia, which means great legal protection, especially when compared to the joke the regulatory environment is in the USA)
RJOBrien: intial capital = 50K/USD

compared with some of the higher initial deposits at GAIN GTX or even Dukascopy (250K if memory serves), not a bad deal at all, especially considering all the institutional platforms you gain access to with Baxter-FX–RJOBrien only uses Integral for SPOT FX.

professional brokers:

LMAX Professional: initial capital = 10K/USD
Interactive Brokers: initial capital = 10K/USD
GAIN GTX
Dukascopy: initial capital = 100/USD but to get the Bank guarantees or using a 3rd party bank where you keep your funds out of reach from the broker but linked to your trading account (for ex funds at UBS, but you trade through Dukas) you need to start with 250K/USD.

the latter should put things into perspective. think about it for a sec. 50K/USD and you are in business in Australia with tough regulatory protection. i think it’s a no-brainer.

for the rest of you who are probably bltching and moaning that you only got a $500 to play with, well… then all i can say is good luck with the crazy leverage the offshore brokers give you (crazy == anything > 50:1). but if you have no other choice,

0- know what you are doing and be sure you have an edge that works longer than 12 months. if not sure, go on tradingview.com and keep testing until your fingers bleed;

1- once you know you have a system and the discipline to apply and stick by its rules with – NO EMOTIONS – go with a broker that gives you true DMA and passes your orders on to a matching engine such as LMAX’s or Integral or Currenex.

2- your goal now is to grow your $500 into the $50K minimum that you need to open your first account with your first prime broker.

3- keep the discipline until you reach your first 1M/USD. then open a 2nd account with another prime broker.

4- grow to 10M/USD and repeat.

5- you get the idea.

and remember, only when you are informed, will you know how to talk to your broker, and only then will they listen to you.

best of luck and godpseed.

I fully agree with your view! We should be very careful. I would like to add some warnings too - a list of six unauthorized forex and binary options in Italy.

Hi,

Am also new to this forum and I can tell you there are tons of brokers with so many advantages but as far as me I believe Dukascopy is one of the best broker for trading FOREX with so many offers but when it comes to Binary options there spreads are too high. For binary options I have traded with AMEXFA broker and they are good but problem is they never give any promotional offers.

Seriously I am surprised. I don’t see too many people happy with that spread especially if you are scalping. I won’t comment for long term traders, as for them spread is not an issue. I am scalper, so for me spread matters a lot and that’s why I am working with TradeWiseFx, as they offer zero spread account.

How long have you been with them? Have you been long enough to make any withdrawals, and if so how reactive where they?

Ha, the best broker would the one that pays back their clients’ hard earned money, because some brokers don’t do even that and then they block their clients’ accounts when the clients call them to ask what the problem is.

Seriously though, the best broker is the one that is licensed, provides excellent customer support, its platform doesn’t lose connection, has small spreads, doesn’t cause problems for scalpers, etc.

I have been with them since 2-3 months to be exact. So far I have made 5 withdrawals in total, ranging between 40 to 80 dollars; I have received it mainly within 24 hours from the requested time. The good little part is, TradeWiseFx don’t charge anything for depositing or withdrawal, although this is hardly concern if you are good enough as trader, but in other way, it is good to have that, as no one mind saving some money especially when we know some brokers charge 2-3% for deposit/withdrawal stuff.

Which broker do you use then?? as far as I am concerned all brokers are regulated with tight spreads, excellent support and platform which is always connected (at least they all advertise that) :o)))

How would they make money then if the spread is zero all the time?? :53:

You have been trading with TradeWiseFx for how long? have you successfully withdrawn your money and if so how fast where they? I guess

You forgot the MOST important part = a broker that actually pays your profit!

Here is a list of REAL withdrawals I made with Exness and XM =
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I never had any problem with FreshForex. Dealing Rates and live trading available 24/7. Another thing about FreshForex is their spreads, so far, for me, they have the tighest spreads, no doubt. Therefore, I think its easier for trading. Except that one down side is the leverage max 1:1000. That seems to fit me to control my risk to the smallest extent.

by charging you a commission based on the order volume. so for every 1M traded or 100K (1 lot), brokers will charge a commission, round-trip. also, some brokers get paid by their LPs based on the volume the redirect to said LP.

the name of the game is: volume. the more volume a client generates, the better the client is treated.

so forget getting pro- anything as long as you play with nano-, micro-, mini- lots.

This is my choice as well, especially when we can earn on oil - I mean this broker offers CFDs as well as currencie. This is an advantage too.

FreshForex is my best broker and im glad to be a client. I like the flexible quantity, no interest and no slippage that they have, they help me a lot with my style of trading.

I am not surprised something like this happened in Russia, what with them introducing licensing only recently, as far as I know. Not that it can’t happen elsewhere too, it’s just that when there’s no regulation the risk increases immensely.

Regardless of how good of a trader I was, I wouldn’t want to be charged for money transfers, to be honest. Why spend that money on something like this when you can keep them for yourself.