Which brokers do you use?

[jessoprules]

I have been using Hugosway recently and I am happy with them. My withdrawal went through fine and I have not had slippage or anything.

[alexandra.cader]

Haven’t heard about them Worth trying?

[jessoprules]

Yes, I have had no issues at all since switching to them.

[maria_taylor]

Hello mate I can relate to your situation, went through a bumpy ride searching for the elusive “trusted broker”. I have dealt with multiple brokers, but now its been few months since I am with coinexx and I am actually happy that I found them (here on babypips only). They offer really good trading conditions & more importantly they know how to take care of their clients.

[david77777]

Yee but how can i know if a broker is a scamer or not

[bradley79]

@david77777
check these out

[List]How to spot Dealing Desk brokers (Market Makers)

Hello all, There are a lot of traders looking for brokers but a lot of times the new traders would fall into scam ones or active market makers. …Yes, I know, in almost every forum and community there are numerous posts with tell-tale signs. BP is no exception - we’ve seen a lot of scam alerts here as well. Important note - not all brokers who fit the descriptions below are necessarily scams or market makers but I’d stay away, regardless of the fact. So, to the list: Lack of regulation or r…

How to check broker's type

Usually when a broker is STP, ECN, NDD or DMA - they’ll have it stated on their website. I and @TradeViper have listed some traits that should help in finding one. There are also other threads on the topic. How to check for sure? Perhaps you can ask for a post-trade execution report. However, that’s only an option if you’ve got a live account. Make sure to contact their support and ask if they will provide such a report upon request BEFORE opening an account.

Does a real ECN broker exist?

If I may add… 5. Spreads are also variable, as opposed to a MM’s fixed spreads. 6. Slippage can be positive and negative 7. No bonus schemes are offered (classic bucketshop trait) 8. No requotes - ever (another classic MM trait)

[kaneutaka]

Definetely, FXTM…

I know where money will go while depositing to ForexTime. They have many licenses from reliable foundations. If you look 100% trustworthy broker. This broker is right choice to you. Also 1:1000 leverage is quite nice even though risky.

Anyways, try FXTM, you wouldn’t regret.

[TomCooper]

its a complicated issue to answer , i have seen sometimes regulated broker also cheat with their clients. so blindly it is difficult to believe at any broker.

[AhsanMalik]

its a simple issue , in order to me, but sometimes we make it complicated.

[Johnno2626]

Gain capital - FOREX,com - really? I havn’t traded with them in ages! Whats their EURUSD avg spread?

[MasonPorter]

Gain capital - FOREX,com - really? I havn’t traded with them in ages! Whats their EURUSD avg spread?

Hey! I was with Forex com once, and I would say their spreads are nothing like they claim. Their trading fees went up lately and spreads were terrible some days (even saw till 7-8 pips). I won’t recommend them. But if you ask me, I can say coinexx is good and reliable. I’ve been trading with them from sometime now and their spreads and conditions are good and consistent. Plus the support team actually helps you unlike forex com.

[joetrader07]

@jessoprules but aren’t they related to JAFX?

[jessoprules]

Are they? First I have heard of it…where are you seeing that please?
(although I had no issues with JAFX anyway when I was with them)

[joetrader07]

@jessoprules Read it on the CFTC thread, specifically these replies

Going offshore to escape the CFTC

Come on @smallpaul! You have been the torchbearer for letting us know what’s happening on other forums (esp FPA) about our brokers and this you didn’t tell us this. Let me do it for you … So I visited FPA and the post there discusses the relation ( Link towards the end of the post). So a very new user there (like what we have been experiencing past one or two months) shared a picture and youtube link in an effort prove the relation between Hugosway (the one few people are suggesting we should …

Going offshore to escape the CFTC

Server location of JAFX as per MQL5 website, the server is called JAFX-Real3 [Jafx Server] Here is the screenshot from MQL5 from Hugosway server , which again is located on Geddes Avenue, in Ann Harbour Michigan, USA. [Hugosway Server] Both have similar ping speed of 6.52 ms from NY Same ping speed with same server location and same price feed. What more of a proof we need? Now obviously anyone can claim that they are using same service provider as turnkeyfx giving it to finpro and turnke…

Going offshore to escape the CFTC

If common sense governs logics, then its very clear to see how these post users came flocking social media right at the same time that hugosway was launched. Literally as per whois records (Whois hugosway.com) Hugsway domain was bought on 23rd Feb and it was bought using Domains by Proxy (https://www.domainsbyproxy.com/) that lets people create domains without giving out any information about themselves. Well that gets scary now. Why will hugosway want to get domains from “hide you identit…

and its concerning…

[FOREX.com]

@Johnno2626

Gain capital - FOREX,com - really? I havn’t traded with them in ages! Whats their EURUSD avg spread?

Hi @Johnno2626,

Unfortunately, the comments above by MasonPorter about FOREX.com are not accurate. Our typical EUR/USD spread is 1.3 pips, but don’t take our word for it. You are welcome to try a free demo account with us which will let you see our live spreads.

We are also the winner of the Best Customer Service Award, according to the Investment Trends 2017 US FX Report. If you have any questions about trading with us, you can contact our award winning support team by phone or online chat anytime 24 hours a day during the trading week.

[jessoprules]

Excuse my ignorance on this but could they not use the same provider? I am not sure how brokers work.
With bookmakers, many use the same odds provider.

[Jack_Chong]

Hi. I’m also a beginner. Decided to try with Myfintec. Trading already for 2 months and everything is going well. The first withdrawal didn’t work very good. But now I have already 2 successful withdrawals. I believe I will get even better results.

[JohnLadwille]

Hi, I’m trading with Myfintec. Receiving medium but stable income every week. Good brokers, Helpful staff.

[Granddaddy8755]

I’ve been using OANDA for several years now and have not had a problem. They are US based and for the average trader I believe does a very good job. Instant execution as far as entering or exiting a trade at the time you make the request. They have very good spreads and their online chat is great. Very quick with communications.

[Alekxandra]

I use the Forex club. It so happened that I trade in it for several years. Broker does not deliver problems, I trust him as long as I have business with him.