FX Solutions VS FXCM

[bulhata]

Please help me choose a good broker. I tried both FX Solutions and FXCM mini practice accounts. Both seem ok with good leverage 1:400 and 1K lot. Fx Solutions spread is a lot like 5 pips, FXCM's spread seems better like 2-3 pips.........I am new to Forex with very little practice account experience. Any suggestions? Good or bad experience?

thank you for your help

[phil838]

Originally Posted by bulhata

Please help me choose a good broker. I tried both FX Solutions and FXCM mini practice accounts. Both seem ok with good leverage 1:400 and 1K lot. Fx Solutions spread is a lot like 5 pips, FXCM's spread seems better like 2-3 pips.........I am new to Forex with very little practice account experience. Any suggestions? Good or bad experience?

thank you for your help

"Good leverage 1:400" is an oxymoron. If you're a new trader I suggest you not use high leverage, it will blow your account.

Oanda can't be beat for it's low spreads and it's 1:50 leverage. I suggest you go with them.

[halfstep]

Originally Posted by phil838

"Good leverage 1:400" is an oxymoron. If you're a new trader I suggest you not use high leverage, it will blow your account.

Oanda can't be beat for it's low spreads and it's 1:50 leverage. I suggest you go with them.

What about news releasing period? I heard oanda spread during such is extremely high, like 10 pips