Trade Freedom Broker
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  1. #1
    Join Date
    May 2006
    Posts
    126

    Default Trade Freedom Broker

    According to somebody I met in the internet, he wouldn't recommend this broker due to high commission fees and software is not that good as he expected them to have.

    I did not vote with a negative mark (-) as there might be some other users from Trade Freedom who might rate positively. This is the rating and comment of only one person anyway.

  2. #2
    Join Date
    Apr 2006
    Posts
    48
    Freedom broker? Do you have the link? I would be curious to take a look. Most Forex brokers don't charge commission....

  3. #3
    Join Date
    May 2006
    Posts
    126
    Hi, Michael, try this one:

    tradefreedom.com/en/home/index.asp

    hope this helps
    Last edited by PipsyGirl; 08-31-2009 at 01:28 AM. Reason: Link Violation

  4. #4
    Join Date
    Oct 2007
    Posts
    3
    I am a newbie to FX and I just opened an FX account at Tradefreedom. But I found its customer support is really bad. The person who was supporting me did have patient at all. I had waited half of hour on the phone for having someone talked to me. he Instead was helping me, he just kept accusing me of not knowing how to Trade FX. Of couse if I know, I won't come to him in the first place.

    I wish I had found this site before I picked my broker. But as I had already opened an account there, I might want to try to do a couple of trades to learn and decide if I would switch to other brokers. I would appreciate if someone could suggest me a good one.

    I am not a frequent trader, at least not for now. I hope somebody would help to explain how the rollover charges work mathematically. I may want to leave my open positions overnight but I don't want to incur a big loss because of the charges.

    Thank you for the help.

    I quoted Tradefreedom rollover charges below:

    "Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added a markup of +/- 0.5% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position."

  5. #5
    Join Date
    Oct 2007
    Location
    Georgia, USA
    Posts
    11

    Default forex brokers

    Most forex brokers have a roll over charge. You don't have to worry about roll over charges if you close your trades before 4:30pm (i think). In forex trading for more than 1 day is considered long term

    If you're a newbie, I recomend below two brokers

    - fxsolutions
    - interbankfx

    The reason I recommend them is because:
    1. No Dealing Desk per say... therefore they don't trade against you
    2. They have a good platforms
    3. They have good training on how to use those platforms

    Stay away from weird sites until you know what you are doing (6 months to 2 years). Also trade small sizes of lots to practice with.

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