For one thet cannot enforce compensation when a broker s***s up.
And it is also not the regulator that is a problem, but the ease with which companies can be restructured, money can be moved and the ease of covering your traces when you do bad as a broker.
Haha this!!
Just don’t do it to yourself.
What a load if rubbish.
Not only are you spouting tripe but, yet again, you’re trying to promote the firm you work for
How do i find a non dealing desk broker, i’ve heard the term, but never thought it was that important. I am with FreshForex but i’m not sure if they have a non dealing desk or not, but i will check.
Thx
Not sure why this ended up here, hope for a reply
Hey Priscaha,
Yes I know it is very hard to find a non-dealing desk broker because today every market maker portrays himself as having either an ECN or STP model. After much of research work and considering various factors, I hace chosen 2 brokers- hotforex (recently switched over it) and fiprotrading. Fingers crossed and hope to receive good results from them. :22:
As I know, FreshForex has both STP and ECN models, and in my opinion, it’s no bad neither good. Actually I don’t understand why people need ‘a true ECN broker’. We are all retail traders with realtively small deposits, why don’t we just choose a reliable broker and trade with it? A mean with good trading conditions, tight spreads and fast and honest withdrawal?
I agree - it’s a common practice - lying in sites. That’s why every trader should keep calm in their search of correct broker. Spares a lot of time and money.
Did someone already mention: that they pay-out? If so, can’t we stop this thread? 
many factors in choosing a broker,
yes payouts, as long as they pay with in the given time,
regulations
execution
I would suggest STP and ECN brokers over MM imp
active support,
transparent
but in the end there is no 100% broker, i mean all brokers have their struggle, its down to how much effort you put into it
always check review forums like forex peace army for feed back and issues
currently main account is at hotforex, i have another account on lmfx they are quiet new but doing well so far. best of luck
Thanks for valuable input. Could you recommend me some good bonuses to increase power for my deposit. I’m news trader looking for some good options with fair volume requirement.
Thanks.
For me, the most important factor is to find out if a broker is Regulated. In the U.S., a reputable forex broker will be a member of the NFA and will also be registered with the U. S. CFTC as a Futures Commission Merchant and Retail Foreign Exchange Dealer. The mission of these association is to protect market users and the public from fraud, manipulation and abusive practices related to the sale of commodity and financial futures. Look at for this.
Regulation is important and the other important factor that I look for is how much time it takes for a broker to withdraw profit into my electronic payment processor.
I believe regulation is most important factor that we need to look at. I am currently with OctaFX broker and they are regulated, it’s most important factor for me. Rest is great to have but if broker is not regulated then we can really have issues over security for our funds, so we got to make sure we have broker that we can trust and rely upon which is possible only if they are regulated, so that’s very important part!
When choosing a reliable broker, the important factors to put into consideration is to find out if he is regulated since there are many out there that are fraudulent. I’ll also look at for the leverage. Unless it is reasonable, if it is too high, I’ll switch.
Obviously consistency and the more customers are there the better generally.
I don’t really agree with this [I]at all[/I].
Bear in mind that this is a field of endeavour in which overall success-rates, whoever’s figures you believe, are strikingly low: “following the majority” is hardly likely to be a recipe for success.
I strongly suspect the realities of the brokerage industry predicate that some of the [U]worst[/U] brokers actually have the [U]largest[/U] numbers of customers. I certainly know of at least one huge, international brokerage with an enormous number of customers and huge sums of money under deposit that also has the [I]worst[/I] regulatory record imaginable (and many of the regularly repeating multi-million-dollar fines arising [B]directly[/B] over the ways they’ve treated their customers), while there are also plenty of very well regulated, very professional, very ethical, smaller brokerages around.
It does seem that is not as simple as size of broker. Which broker or programs that allows automatic trading fairly simple and how many of them is the max? Does anybody of you guys crossed that issue in your demo/live trading? For example, would like to put automatic orders for few pairs, say 2,000 and these mini lots. Is there max per order. MT4 is a bit complicated and do you have success with automatic trading with any brokers?
Btw, does automatic trading option says anything about brokers’ qualities?
An important factor while choosing any decent broker is to look either they have any positive repute in the market, its easy and could be done while checking at the review sites like FPA where we can find traders’ actual insights for any broker. I guess repute matters the most than being regulated as there are many bad examples in the past where even some regulated brokers turned into scam and took their traders money.
Yeah the case with IronFx is a vivid example of that. Regulation is a tricky thing. When broker operates well, process withdrawals etc. everybody says that FCA or ASIC works perfectly, but when it comes to bankruptcy its not that easy to seek for reimbursement from regulator because nobody is willing to pay for somebody’s fail.