Can you recommend me some brokers? (Best brokers?)

[timganfield]

Hi i am looking to go with an offshore broker can someone tell me which is the best of these brokers. I have done my own research but I would like to hear from traders who have used these before.

1. Tradersway
2. MyFXChoice
3. if you have any other recommendations i would like to hear of any!

Mainly wondering about withdrawals/deposits and if anyone has had any problems?

[Rayfordadam]

Hi @timganfield

If you are still looking, offshore brokers, then check out below post and maybe this blog post is helpful for you

World's Best Offshore Brokers For US Clients

[Rayfordadam]

Is Demo Account Free of Cost ?

[Iloveforex1981]

yes it is free of cost

[Iloveforex1981]

No links or anything from me but I use JAFX.com and I am very happy with them.

[eddieb]

No links or anything from me but I use JAFX

We know you use them, this is the 5th time you’ve said so in just over 2 weeks membership here.
Beginning to wonder if you’re on their payroll.
Either way, they are still a based in St Vincent and I wouldn’t touch them with a bargepole

[eddieb]

For future reference on selecting brokers, take a look here

Newbies Guide To Becoming A Forex Trader

How To Choose A Broker Unashamedly copied and pasted from Babypips "Tools" section How to Choose a Forex Broker With so many different choices out there, how does a Forex "newbie" pick a broker? Chances are most new traders have no idea on where to start - and that's okay! We're here to help! We have put together a simple three step process to heklp you find a broker that YOU think will best suit YOUR needs. You might be thinking now, "Three steps? That's it?" Yesssiirrrr…

and here

Newbies Guide To Becoming A Forex Trader

Choosing A Broker Following on from my earlier post on selecting a broker, I thought these points were worth reiterating. Check if your broker is regulated. If they aren't, that should be a big red flag against using them. The main regulatory bodies are; United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) United Kingdom: Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) Australia: Australian Securities and Inves…

[Devon96]

I use pepperstone. Great broker FCA and ASIN regulated broker. the spreads are tights, and commisions are relatively low compared to other broker.

[Brutha]

Hi i am looking to go with an offshore broker can someone tell me which is the best of these brokers. I have done my own research but I would like to hear from traders who have used these before.

Tradersway
MyFXChoice
if you have any other recommendations i would like to hear of any!

Mainly wondering about withdrawals/deposits and if anyone has had any problems?

@timganfield Hello
You can refer to this thread for the list of offshore brokers

Going offshore to escape the CFTC

Monday, September 10, 2018 OFFSHORE BROKERS This icon [image] precedes recent changes in posts #1 thru #5. Here is an updated list of the offshore brokers vetted so far in this thread, and the results of our inquiry into whether these brokers will open new accounts for U.S. residents, given the current regulatory regime imposed by the CFTC on retail forex trading in the United States. Definition — Offshore Broker A retail forex broker domiciled in a jurisdiction outside the U…

I am using Turnkey Forex from their list…pretty smooth so far with them.

[BogdanK]

Etoro became scam, and better keep away from it. It’s right, that u decided to leave it, and find some other broker.
I read some reviews about forexcom, like many people said here. And seemed you should pay attetnion for that broker

Forexcom is a trading name of GAIN Capital UK Limited, principally the company incorporated in UK. GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority in the UK, with number 113942. Nevertheless, for the reason of global presence company withholds regulations by various regulative authorities worldwide IIROC (Canada), CFTC (USA), SFC (Hong Kong) and ASIC (Australia).

Consequently, FXTM complies with all necessary, strict regulatory requirements and standards, while obliged to provide safe and highest level of operations. Doubtless, the company keeps all procedures in a supreme way and including: data protection, funds safety – entitling the company to hold funds in segregated accounts, secure online transactions and executions, etc. As well, company provides central counterparty clearing through OSCA as standard to all clients.

after this, i can tell that such broker is definitely worth your attention

[FOREX.com]

Forexcom is a trading name of GAIN Capital UK Limited, principally the company incorporated in UK. GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority in the UK, with number 113942. Nevertheless, for the reason of global presence company withholds regulations by various regulative authorities worldwide IIROC (Canada), CFTC (USA), SFC (Hong Kong) and ASIC (Australia)

Hi @BogdanK,

It seems the text you quoted about FOREX.com is translated from another language, so we want to address some possible confusion. We confirm that our parent company is GAIN Capital, and that we are regulated in the UK, the US, Canada, Hong Kong and Australia (in addition to being regulated in other regions). However, we are not related to the company mentioned in the second paragraph you quoted.

If you have further questions about FOREX.com, please feel free to post them in our discussion thread on this forum.

[Fionnn]

If you are looking for good forex brokers, I would recommend you to either go for evolve market or with Coinexx. I have personally used both of them and both offer most competitive trading conditions. But if you talk in terms of pricing then Coinexx is cheaper than evolve.

[AndrewBernard1]

Does anyone know anything about Naga Markets? I’m new to trading so I’m a bit unsure of who to trust. I see they’re German based which has to be a good thing right? Thanks

[bradley79]

German base in itself does not mean anything.
Without regulation you can be (almost) sure that it’s a bucketshop.

[AndrewBernard1]

I see - I think they are regulated with cysec is that a good thing?

[bradley79]

CySEC used to be the go-to place for lax regulation.
Now that is not the case. Since Cyprus is now a part of the European Union - all EU rules and regulations apply for brokers regulated by CySEC.
To put it briefly - yes.
At least you have the European union’s laws to lean on in case of an issue.
It’s not as good as being regulated by BaFin, CONSOB and the other inland regulators but it’s still far better than going with a broker regulated in the Seychelles (for example) or god-forbid an unregulated one.

[AndrewBernard1]

That’s really helpful thank you. I’m interested in trading cryptocurrencies but not sure if that’s a good place to start. I know it’s crypto/USD and other mixes but I hear cryptocurrency is quite volatile!

[BogdanK]

oh, sory my bad. I’ve copied text from review article at 55brokers.com website. Seemed they made mistake while writing article. Thanks for notice

[FOREX.com]

I’m interested in trading cryptocurrencies but not sure if that’s a good place to start. I know it’s crypto/USD and other mixes but I hear cryptocurrency is quite volatile!

Hi @AndrewBernard1,

In this post, we discuss how traders can respond to higher volatility by reducing their leverage, since leverage magnifies gains and losses: Volatility of Bitcoin vs. EUR/USD

[AndrewBernard1]

Thank you- I’m going to check it out now!