Hi I been trading for last few months demo and paper I am ready to open I like to know best broker, do not play with your money and save please let me know you recommendations and also low spread I am in USA and I do not mind to open with Europeans broker but to be save and low spread.
Hi man, what do you mean by broker, who do not play with your money and save. I just cannot get the question.
And according to US and non-US brokers I think you have to decide weather the new NFA regulations are ok for your way of trading or not and after that to choose you broker If you provide some more information about you trading methods probably we can recommend you some brokers more precisely
From what Iāve read and heard so far, most people seem to choose between two brokers: (1) Oanda and (2) GFT.
Oanda: As far as customization in lot size and leverage goes, these guys are the best in the business. If your looking to start off small, Oanda allows your to trade as little as a penny a pip, making them excellent for practicing/learning money management and for testing out new strategies live with minimal risk. The one major flaw from what I hear is charting. Oanda lacks a decent charting package, so your best bet would be to open up a demo account with another broker that uses MT4 (Ex: Interbank) and locate trades of their platform while making the trades on your Oanda platform.
GFT: These guys have the nicest, cleanest, most vibrant charting package in Forex. Its nice that all the candles touch each other, and switching between multiple charts is quick and easy. Also if you plan on reading through the Joy of Candlestick trading, its nice to be able to have actual Dealbook charts at your disposal. The major flaw with GFT, at least with the Chicago Branch (Iām speaking from experience as a GFT customer), is that your only given a 30 day demo and that you can expect 3-5 phone calls week after week until you sign up.
Both these two brokers are respectable and highly recommended. Oanda probably has better spreads than GFT, but the inferior charting package. The choice is yours as to what you perfer.
Did someone really have something nice to say about FXCM? I only ask, because I use them for my demo right now, but have been discouraged by what alot of folks have been saying about them, and wonder if thatās who I should trade with when Iām finally comfortable. What do most think about FXCM? Iāve got plenty of time to research, as I donāt think Iāll be ready for real money for another few months.
You can search on google : Top Rated Online Forex Brokers (Top 100 Forex Brokers) . Hotforex is the first. You can also choose it. Open account at Hotforex (Hotforex Brokers |)
IF you want to open an account with 0$ deposit you can try Nordfx - you can get 8$ for free on welcome account after verification - i think it is the best way to check the condition on real account. Wish you good luck))
You can visit forex-ratings.com, thereāre a lot of brokers also their advantages, you would find the right one there. I think FXCM is good since they support Us trader.
Hi Afrin, thanks for the feedback. I have heard that cTrader is way more advanced but at the moment Iām satisfied with the MT4. Although it looks outdated it has everything I need, although I will try cTrader in the future.
The best broker is a broker which first of all guarantees their clients funds with surely. And they donāt restrict any kinds of trading techniques with scalping and hedging.
Youāre rather missing the point, Luke - a couple of points, in fact.
Whether and under what circumstances brokers permit hedging has some legal constraints, depending on their regulation.
Whether and under what circumstances they permit scalping depends on whether theyāre counterparty market-makers or genuine brokers. At least 99% of this forumās members are using a counterparty market-makes as a ābrokerā, and none of those will tolerate a successful scalper for long, for the obvious reason that they themselves are holding the other side of the trade, without time to lay off the position. A [I]genuine[/I] broker doesnāt mind a customer scalping [B]the market[/B], but no ābrokerā is willing to be the party being scalped!
(Meanwhile, this thread is terribly out of date, as itās from years ago, and half its contributors have been banned. It helps nobody to bump threads of this kind - all they do is displace something more current and relevant off the front page listings.)