Can someone please suggest a reliable broker for a real account?

That depends on your trading style, if you are a scalper it might make a difference but if you’re swing trader I really doubt it. Lower spreads doesn’t mean you’re good broker, and taking into account what FXCM offers for newbies in terms of trading education I think it might be worth for a newbie to go with them. I don’t have an account with FXCM nor I plan to but that’s not because of their spreads. Oanda in my opinion is a true bucketshop with a good name, any broker that raises their spreads up 30 pips and sometimes 100 pips (so I heard) because of some news report is in my opinion playing with their spreads to get your money on a real reputable broker these spreads might go up to 3 or 4 pips if that much. Some brokers have very cheap spreads specially those that claim to be ECN but they usually get you on high commissions and swap fees. Recently in one of those brokers I went short on AUD/USD for a 1 lot and paid $22.10 USD of swap fee and then I went long, again I closed it after 1 day, and I’ve got paid 11.60 swap, shoudn’t I got paid the same amount that I paid when I went short, I don’t what I’m missing here, both trades were kept basically for the same amount of time.

If capital guarantee is important to you, then FXCM is your best choice. For me, I don’t care about my broker going bust (which is not that likely anyways). I am using a very good broker with insanely low spreads (negative on the majors at times of high liquidity), and I don’t care too much about the capital because I never keep too much with them anyways. Having said that, my broker is awesome and regulated, so I am not too worried.

@ Zaguel a foolish assertion FXCM is regulated in the UK , where customers have the same rights
as the other regulated brokers in the UK ,
Dukascopy its customers are subject to Swiss authorities and saxo bank Denmark Danish regulation …
In other words, your money is SAFE
Deposit Protection - Financial Services Compensation Scheme | FSCS

Financial Compensation Claims Limit | Deposit Insurance | FSCS

iDude @
FXCM is 58 % more expensive for those with small budgets than Dukascopy 's that simple …

This provides significant savings same type of trader you are …
My calculation included two trade every day , a scalper trader much more …

Consider how profitable the customer is at the individual broker FXCM so is in last place .
So perhaps drastic changes in the education program should be considered.

Oanda one bucket shop! ! Why is Oanda on top which customers are profitable …?

Negative with Oanda 's policy with high spread around the news and special market movements …

Compared to Oanda and FXCM EUR / USD is spread on FXCM always in the upper layer 1.5 while
Oanda its spread moves between 1 and 1.5 …



…and the spreads are responsible for those numbers!!! Uhmmmmmmmmmmmmmm I really doubt it! That report comes out every quarter, I believe, and those numbers are likely to change and also FXCM is marketing itself to the new trader which might also be a reason as to why their numbers are low. Spreads have nothing to do with it.

Are you sure they offer a nano account? I asked them directly whether they did about 3 months ago, and they said no…

…and the spreads are responsible for those numbers!!! Uhmmmmmmmmmmmmmm I really doubt it! That report comes out every quarter, I believe, and those numbers are likely to change and also FXCM is marketing itself to the new trader which might also be a reason as to why their numbers are low. Spreads have nothing to do with it.

I do not think that Oanda their customers are more smarter than FXCM their customers …

Oanda attracting new customers as well … and you can open an account for $ 1 …

[B]FXCM has added at the bottom of the profit list , since the statistics were available …

The main reason is probably the use of leverage, FXCM marketed their micro accounts with 500 leverage … much competition that created unrealistic expectations of what forex is.
Oanda max 50 leverage, says most … [/B]

Of course, the price you have to pay to have their impact that goes without saying …

Imagine if you were one taxi driver and got buy gasoline 58% cheaper …
It goes without saying for over a year, this will affect …

But luckily is not an average trader looked very smart …

Math comprehension is located in the categories : born with an extra chromosome …