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  1. #1
    Join Date
    Oct 2009
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    Default Recommened Forex Brokers???

    I am fairly new to forex trading and have been doing very well on my demo accounts...i was using interbank fx for a while and read some bad reviews about it. I just downloaded MRC. I was just looking for some suggestions for a reliable forex broker in which i can start with a micro account. Thanks

  2. #2
    n_aftab is offline Senior Member
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    Dec 2006
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    440
    nothing wrong with ibfx, more likely a bunch of whining traders looking for someone to blame other then themselves.

    Check out Oanda they are pretty relaible and have low spreads

    N

  3. #3
    Join Date
    Oct 2009
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    Thanks...Ill give them a try

  4. #4
    Shuvalov's Avatar
    Shuvalov is offline Verified Broker Support for LiteForex Junior Member
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    Quote Originally Posted by newbie1983 View Post
    I was just looking for some suggestions for a reliable forex broker in which i can start with a micro account.
    Find a broker that doesn’t offer a “get rich fast” scheme. A professional forex broker will not try to promise fairy tales to a trader. It will mention the risks involved, explain the basics and offer assistance.

  5. #5
    Join Date
    Aug 2009
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    Quote Originally Posted by newbie1983 View Post
    I am fairly new to forex trading and have been doing very well on my demo accounts...i was using interbank fx for a while and read some bad reviews about it. I just downloaded MRC. I was just looking for some suggestions for a reliable forex broker in which i can start with a micro account. Thanks
    try oanda, i am happy with them.

  6. #6
    daytrader15 is offline Newbie
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    Oct 2009
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    Thumbs up ECN and STP brokers

    Quote Originally Posted by newbie1983 View Post
    I am fairly new to forex trading and have been doing very well on my demo accounts...i was using interbank fx for a while and read some bad reviews about it. I just downloaded MRC. I was just looking for some suggestions for a reliable forex broker in which i can start with a micro account. Thanks
    The only brokers to go with are the pure STP brokers and one ECN broker that is fully regulated. The pure STP brokers are Jade fx, IAMfx, One Corp,all unregulated although IAmfx has an SEC nhumber. Mb Trading is fully regulated and n ECN broker. I did extensive research over 6 months and these are the only brokers who don't try to chump you. I have two Live accounts with Jade and IAM.

  7. #7
    Join Date
    Oct 2009
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    Thanks. Ill gve them a try

  8. #8
    trader545 is offline Newbie
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    Oct 2009
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    Tallinn, Estonia
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    23
    Hi!

    I would recommend to try different brokers with different trading platforms. I mean demo accounts, because it's always better to try with a demo than go real! During your "demo" period you may make analysis and work out your own strategy!

    But after trying, I think, it's better to find THE ONE, that suits you best - who has a reputation in the financial market, where the customer care support is very good and of course, it must be safe and reliable!

  9. #9
    soul786 is offline Superior Master Contributor and Member
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    I've used IBFX, Alpari UK and Oanda all on demos. I prefer MT4 for charting however the spreads Oanda offers are great. All 3 are reputed and trusted by many traders.

    I haven't heard so many things about IBFX so I don't know where you got that from. I've been satisfied with them so far.

  10. #10
    Exigent's Avatar
    Exigent is offline Junior Member
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    Sep 2009
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    St. Louis
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    Yeah if you could use MT4 with Oanda, that would be awesome...I wonder if they realize this...what do they love about their proprietary chart anyway?

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