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Thread: How do I recognize the real platforms?

  1. #1
    lucus is offline Newbie
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    Default How do I recognize the real platforms?

    How do I recognize the real platforms? And by "real platforms" I meen how do I know which platform I can trustly trade, and which ones are fakes?
    How do I know that um.. forex.com platform..will truly give me my profit, or it won`t take my investment?

    There are plenty of forex platforms.
    I now trade(with demo accs) on oanda.com - OANDA - Forex Trading and Exchange Rates Services, forex.com - Forex | Currency Trading | FX/ 4X Trade and demo.trading212.com

    And If you have real forex platforms, please post here so I and others with same problemn, to know.

    Best regards and thankyou in advance,
    Lucus

  2. #2
    fedegmail's Avatar
    fedegmail is offline Junior Member
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    Quote Originally Posted by lucus View Post
    How do I recognize the real platforms? And by "real platforms" I meen how do I know which platform I can trustly trade, and which ones are fakes?
    How do I know that um.. forex.com platform..will truly give me my profit, or it won`t take my investment?

    There are plenty of forex platforms.
    I now trade(with demo accs) on oanda.com - OANDA - Forex Trading and Exchange Rates Services, forex.com - Forex | Currency Trading | FX/ 4X Trade and demo.trading212.com

    And If you have real forex platforms, please post here so I and others with same problemn, to know.

    Best regards and thankyou in advance,
    Lucus
    I think all these are reliable Forex Brokers Guide - BabyPips.com
    By the way, I use OANDA and I'm fine. Until now I used:
    eToro demo and real: I had many problems;
    Saxo Bank: I had a demo account. I haven't been very well although I think it is very reliable about deposits and withdrawals;
    DeltaStock: I had a demo account. I think it's good, Dale can tell you something more;
    OANDA: I had a demo account and now I have a real account. No problem for now!

    Good luck lucus

  3. #3
    Haley12 is offline Senior Member
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    One trading platform may be good for one trader but same trading platform may not good for others because each trader have their own purpose and requirements for trading. There are some prominent brokers oanda, AVAFX, etoro. You can try these and some others as well.

  4. #4
    lucus is offline Newbie
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    Thanks fedegmail and Haley.That help`s alot.

    But Haley, I meant of scamming platforms.And you are right about one platform good for a trader and not so good for another one.For me I think the best is demo.trading212.com. Can somebody test it somehow? Not with money..idk. As I said for me it is the best..but I want to be sure that it is not a scam(scamming profit or investment).

    If someone can do that for me, in any way..I would realy realy apreciate.

    Thanks again,
    Lucus worse newbie ever.

  5. #5
    PaladinFX's Avatar
    PaladinFX is offline Superior Master Contributor and Member
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    Hi lucus,

    you must distinguish between 'broker' and 'platform'.

    A broker is a company (like Oanda, FXCM, Dukascopy, Deltastock etc) offering you the opportunity to trade by making use of its connection to the markets and various liquidity providers; for you to be able to connect with the broker, and thus to see his bid/ask prices, spreads etc a (trading) platform is used.

    A platform is a piece of software (like MetaTrader, ProTrader and many broker-specific ones) allowing you to analyze the markets by having a charting package included, as well as enabling you to execute various orders to open and close trades.

    Most brokers offer MT4 (MetaTrader's version 4) as their trading platform, because it has become very popular with traders; many will also have their own Web Trader platforms, which allow you to log onto your account and trade from every computer, without any software installation (similar to being able to log onto your yahoo mail account from everywhere, to check your emails).

    Judging from the way you have asked your question, I gather that you are looking for a reliable broker.
    You can start by using the 'Cyber Search' of 100 Forex Brokers; it allows you to enter specific search criteria (country, broker type, regulation, minimum deposit etc) which you consider important.
    After you have assembled a list of brokers that look promising to you, check out how other traders reviewed their performance on websites like ForexPeaceArmy, ForexFactory or the PipGroup's very own ReviewPips.


    Cheers,
    O.

  6. #6
    dpaterso's Avatar
    dpaterso is offline Verified Broker Support for Deltastock FX-Men Honorary Member
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    And WHO asked for YOUR opinion??? LOL!!!

    After that MEGA post of mine above yours: you've just gone and 'rained on my parade'!!! LOL!!!

    Regards,

    Dale.

  7. #7
    dpaterso's Avatar
    dpaterso is offline Verified Broker Support for Deltastock FX-Men Honorary Member
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    Oh and by the way:

    I can even show you pictures of a 'real' broker:

    Technical Trading Systems at TechTraderCentral - Deltastock Pictures

    LOL!!!

    Regards,

    Dale.

  8. #8
    lucus is offline Newbie
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    First of all, thankyou all very much, you helped me alot, specially Oliver, really thankyou man, that was very good.
    Secondly, Dale, I really think you should take a break because u seem very nervous.If I ofended you with "real" then I am really sorry(i`m just a newbie, what do you expect from a newbie? ).And I believe you use "LOL !!!" very often .

    And again Oliver, you were very clear, thanks for that.
    Haley and fedegmail thanks to you also.

  9. #9
    PaladinFX's Avatar
    PaladinFX is offline Superior Master Contributor and Member
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    Quote Originally Posted by dpaterso View Post
    And WHO asked for YOUR opinion??? LOL!!!
    After that MEGA post of mine above yours: you've just gone and 'rained on my parade'!!! LOL!!!
    Regards,
    Dale.
    Haha, you know how much I love doing that, Dale.


    O.
    dpaterso likes this.

  10. #10
    dpaterso's Avatar
    dpaterso is offline Verified Broker Support for Deltastock FX-Men Honorary Member
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    Whoah there!!! LOL!!!

    You just don't know me yet or my sense of humour is all (although I'm fully aware that it doesn't appeal to at very LEAST a FEW people over here)!!! LOL!!!

    I guess what I SHOULD have said is 'Welcome to BabyPips and to the most satisfying business in the world' (and HERE is a 'real' platform and a 'real' broker i.e. refer to above post)!!! LOL!!!

    Seriously (and my 'mucking about' aside):

    Welcome.

    At least you're in 'good hands' here with the members of this forum.

    There's NO such thing as a 'dumb question' and there are many experienced traders here that are only TOO PLEASED to help you out with anything (I'm assuming you're new to trading of course). And if you ask a question, get an answer, and don't understand the answer, then ask again, and keep asking until you're happy and understand. It's the only way to 'get ahead'.

    So no worries (although 'taking a break' does sound like quite a good idea I must say i.e. I've worked hard today so far)!!! LOL!!!

    Regards,

    Dale.

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