Which is your best broker?

GFT had a great charting platform… their custormer service is good… would recommend them thru their spread is standard 3 pips.

I am also from Singapore and trade with Oanda and MAN Fx. Oanda is fine if you stay away from the news release. GBP can widen to 25 pips. Still, I consider them light years ahead of FXCM and GFT.

I will be starting with DBFX soon.

MAN FX Singapore?..That’s the reason why I am going to DBFX. Watch out. Make sure you open your account with the FX department and not the Futures. Their 2 staff do not seem to cross talk. For Futures, talk to Mr. Tahir. For FX talk to Mr. Moorthy. Their “blank page” (the boss). is Mr. Tarun. My account was “classified” a Futures account because it was brought over from REFCO. Despite constant requests, my account was never passed to the FX department, nor granted permission to the FX department to access it. When I have a problem, Futures refers me to the FX desk after a slight delay. Then the FX desk would say they are not handling my account and they don’t have access to it, so couldn’t help.

At REFCO, their Currenex platform charged me 1-2 pips spread plus one pip commission. That’s ok. But at MAN FX, I was charged the same spread plus 4 pips commission – just on one side. From a winning position, I was charged until I lost huge.

You still want to go there? I suggest you wait till they sort themselves out.

DBFX is a white-label for fxcm. The platform is the same as fxcm with a different skin, your account application is inputted through fxcorporate.com (FXCM owns this domain).

ABN Amro is also a white-label for oanda now.

Sorry, but you’re talking about something you do not know about :-!

You can hedge at Oanda (and also at ABNAMRO) when you’ve
created sub-accounts. This will allow you to go short and long at
one pair at the same time.

My preferred market maker ist ABN.

greetings @ all
floh

I like marketiva also and they are only forex broker I use. today I just noticed they added 3 new funds :“Indiamond”, “Nippon”, “Columbus” , more and more instruments added on marketiva and I think they will add more… I was chosen marketiva because they have many good policy to the good for new trader, like can get $5 cash reward, can trade any quantity, minimum deposit is only $1, etc.

No matter what you do.
As soon as you start to make good money they will drop you like s…T

I’m new to babypips, but not to Forex. I’ve traded live with several platforms including CMS (VT), Oanda, FXCM, CMC and Saxo Bank.

First of all I wouldn’t go near either FXCM or CMC again. FXCM because I believe they are just thieves. Many times my stops were taken out when other platform chart prices did not go any where near them. This happened several times, where I lost plenty. CMC, because their platform is a real dog to get around. At the time I was looking for an Aussie based platform and thought I’d give them a go. There is nothing user friendly about their platform. The spreads were excellent though.

CMS and the VT platform was my bread and butter when I was traing fulltime. Over 2000 live trades with minor problems. Spreads aren’t great but acceptable. Customer service was above average and their platform (charts) are excellent. Get’s a bit messy arounf major news releases as there are rules in place where you cannot place stops/orders within 35pts of current price etc (well there was a while ago anyway, not sure if theis has changed or not).

Oanda is an excellent platform due to it being java based. The charts are very basic though, but they do allow a built in compounding feature and it is a very easy platform to use. Customer service is good also, and they are now my preferred broker, mainly due to the very tight spreads.

Saxo Bank was a platform I was using when trading another persons account. It is not available to Australian residents. It is a very good platform with nice tight spreads, however it takes a bit of getting use to. Customer service was also very good.

I’ve had plenty of demo accounts with other brokers, and I did look into Easy-Forex, again looking for an Aussie based broker. It isn’t a bad platform but very basic and their spreads aren’t competitive at all.

It is a pity you can’t take all the good points from each broker or platform and blend them into one decent one. Each one seems to have their own little problems, and as a trader, you basically have to find one that suits your style of trading. Good luck on the search.

GCI Trading - no problems with them (contrary to what I first thought).

I have left many message singing their praises in the last couple of days - take a look at them if you need to.

I did notice that they have an ‘Introducing Broker’ called Forexion - and although I am still trying to find out exactly what an ‘Introducing Broker’ is there for - Forexion offers you higher leverage and has an Affiliate Program and Rebate Program as well so if you are interest in using GCI then I would imagine that going with Forexion is the better deal - I’m still not sure why though.

Regards,

Dale.

i thought every one should try martketiva they good ,and have good analising materia in there platform and dicusion section where u will be seing all the problems of the member and how dey are solve
OKOYE FROM NIGERIA:cool: :cool:

bazoonga’s remarks also apply to IgMarkets Singapore. As soon as you start making money, those bastards will resort to cheating. Imagine a 55 pip slippage, followed immediately by a 22 pip slippage…and these were not even a NFP trades. Then when you try to close your account, they give you the bull**** that they have referred your request to London etc, etc. Finally, after 5 days or so, you get your cheque less the bank interests of course. If you are in Singapore, never trade with IgMarkets. Your money, their rules.

I am using Kerford Investments which uses MT4 platform and so far it is very good.They give fixed 2 pip spreads on majors.

Hi,

Is anyone using latitude fx? They are based in New Zealand. All good and bad reviews please.

Thank you.

i’m using fxcm since some months.
i used oanda for almost an year and i think it’s very good they always paid for their errors

i switched to fxcm only because with oanda you had to pay a fee to paypal to withdrawn and deposit money with fxcm i pay nothing

anyway i prefer oanda between both but if fxcm is good too :slight_smile:

Hi,

Im new to fx trading and am in the process of learning all I can. Great to see so many kiwi traders. Any thoughts on latitude fx - good or bad? I have been doing alot of research about various brokers but so far I havnt found one I would like to open a live account with. I came across latitude and so far the reviews have been very good compared to most i.e fxcm, IG traders, CMC etc. I am a kiwi living abroad at the moment and want to get into forex trading but dont trust most companys out there, I like the fact that latitude is based in NZ and has to adhere to strict NZ laws and regulations. I look forward to keeping tabs on this forum.

My best are:

  1. Oanda
    2.IBFX

My worst one ever is FXCM

I agree with u about FXCM - they are a joke, customer service sucks and i had the same issues with stops. In the end when i closed my account i was told that will get my funds back in 10-15 business days…guess what, 6 weeks have passed and i am still waiting for my check

I have read enough regarding the FXCM, I was thinking of trying the UK office for the hedging of MT4, but not anymore, 6 weeks for to receive your money back! I was wanting to try it because ACM my broker is going to have it later this month…I think I will wait, not even want to have the FXCM demo or my cell will overheat with their sales team!

Withdrawal checks returned by mail from FXCM are mailed from New York for US clients via US Postal Service. It should only take two weeks maximum for the check to arrive. If it doesn’t then the check is either lost in the mail or it was requested mailed to a foreign country. If it’s taking this long, then FXCM operations can cancel the check and issue a new one, or send a bank wire. No one has to wait 6 weeks for a withdrawal, and this situation can be resolved easily if customer support is contacted.

Hi, Jason Rogers

“No one has to wait 6 weeks for a withdrawal, and this situation can be resolved easily if customer support is contacted”??? what about 7 weeks and still not resolved? Yes I do contacted customer service many, many, many, many times. I found out two days ago that two checks were issues and BOTH got lost in the mail. The first one …maybe, what about the other one? What kind of mail service do FXCM use? I guess you work for them so you should know.

thank you

[B]This is absolutely ridiculous!! [/B] :mad:

If your broker withdrawals operate like this, dump your broker and get someone else!! :eek:

This is 2009, not the 1960’s !! :frowning:

I operate with GFT Australia, since that is where I live.

They use the same bank that I use, so putting funds in was easy!! :slight_smile:

For withdrawals I fill out and online form and email it.
24 hours later, I get an email to tell me my withdrawal is being processed.

The promise is to get your funds to you with 3 days, but I have found it to be more like 1/2 days at the most.
The money goes straight into your bank account and you can withdraw it at an automatic teller machine.

[B]Now that’s proper service!![/B]

[B]Your broker is prehistoric - I would not waste my time with such useless service!![/B]