Hello everyone,
Could someone suggest a reliable broker please?
According to me, all prominent brokers are reliable including OANDA, AVAFX, eToro and FXCM, just check their services and match with your requirements.
Try fxcm - don’t touch etoro.
You can go for AVAFX as well because it is offering forex bonus but needs some initial deposit. Another option is No deposit bonus. There is lots of site listed in frxbeginner blog.
Hello.
Let me make this easy for you (really):
Regards,
Dale.
Personally i use oanda. I know they are getting a lot of heat on babypips right now. but in all honesty i have never had a problem. Although i would get cautious if you would put over 15k or so in there. But then it would probably be time to move to an ECN or Futures broker. They are good for what they are a MM that lets you trade for small amounts.
there is a possibility that your first broker might as well be your last I’m trading with hotforex! and I have no problems so far, I wish you all the best!
if you don’t care for metatrader… these are million buck contracts at 20:33 GMT (London closed, Europe closed, Asia closed, Australia 7:33am, New York 15:33)… this is what a local (to switzerland) exchange looks like
DUKASCOPY BANK SA
Swiss Forex Bank and Marketplace
Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform
My fav broker is Easy-Forex. You get access to trading central technical analysis
it seems you are really new in forex. actually I used most of the abovementioned traders, some are good some are bad. you can read more revewis and ratings, start small. and most important of all, you should make choice depending on your needs.
As a newbie, etoro would be the choice. You can start with $50 and progress from their. You also want to take advantage of their low spreads.
All things are difficult before they are easy.
lol … 3 pips on the EURUSD and 90 on XAUUSD are low spreads?
Apart from that, looking at Etoro’s website, they appear to be more of an online casino than a forex broker, what with all the Bonus Programs.
In addition, the whole ‘social trading’ aka ‘Openbook’ is a newbie-fleecing machine, enticing people to copy others without knowing anything about their systems.
Take a look at the so-called ‘Gurus’ on Etoro: T/P points of 10 pips with 500-plus pips S/L points … in an obvious effort to artificially keep the percentage of winning trades up, and thus lure more clueless noobs into opening positions. Those ‘Gurus’ get paid between USD 500 and USD 10,000 per month, depending on how many active copiers they manage to get.
The whole website is designed to make forex trading look like a game … congratulations to Etoro’s public relations and advertising geniuses, but this is not a ‘broker’ to consider doing serious trading with.
O.
Avoid etoro - they do not offer basic functions like trailing stops - very basic indeed.
Try fxcm
Sean