Hello I’m not here on how to make money or which is the best strategy to use. I’m here looking for guidance on choosing a reputable broker. I’m currently with alpari at the moment and also looking into Oanda but by looking on the reviews on here people are saying if you are investing a large sum of 10k. That I should choose an ecn broker so can anyone recommend a ecn broker or should I invest in alpari or Oanda cheers. Look forward to hearing your replys
don’t you want to invest in a broker with high leverage ?
Both of those are big names so your money should be safe. The spreads are not the best but for account security I understand that alpari are FSA regulated and guarantee money if they go bust if you are UK based. Oanda have similar security in the US I think.
whichever brokerage house u choose, make sure that they are straight thru brokers…thats what matters…
I hope this was sarcasm…
As for the original post, try to look for a broker that offers ECN services. Currenex, HotSpot, etc.
why you think it is a sarcasm , i have a friend investing his money in brokers that provides high leverage, he is careful in trading
50:1 should be absolutely sufficient for retail. I can’t imagine anyone really needing more than that and trading properly.
Hello Divinell,
I am trading a demo-account @ Alpari (UK) and would not recommend it, as there are sometimes such huge spikes that are very suspicious to me.
Such a spike occured this night - just take a look at the two Screenshots:
Alpari (UK)
That are the servers that I am trading the Alpari-Account:
IBFX
One Screenshot is from Alpari (UK) - that one with the huge spike - the other one is from IBFX (but I have also read bad things about them - so I am also still searching for a reliable broker).
Edit: Alpari wrote to me that it was a Price-Feed-Error and in this case they would refund the lost money on a Live-Account, or find a way to fix this error.
Kind regards
may be some traders want to invest less and take more profit so they will try such a high leverage