Which is your best broker?

Broker Discussion Forex Brokers
69

Safe and Reliability is the most important for anyone, I believe many traders had tried several brokers and some had piked their best ones. like mohandcherif, my current one is hotforex after longtime selection. wish it will keep their service at the current level as they are growing too.

70

I vote for fxdd

71

though the person who started the thread is not here anymore, but this question is really hard to answer, we will all rout for the broker that we are trading with, people tradin with oanda would say oanda is the best and people trading with alpari would say alpari is the best, i trade with hotforex but i wont say that they are the best broker, but they are a broker suited for me :slight_smile: I guess at a crtain point there are good brokers that reach a level of excellence that you canā€™t distinguish the best any more!! unless there would be something new to offer that would make earning a lot easier now that would be a plus LOL :slight_smile:

72

personnaly I am a fanatic eToro pluto easy to use.

73

AVAFX is the best forex broker for me.

75

Iused to trade with IBFX but now i am with Vantage FX.

76

ā€¦but GCI Financial is not regulated. That is my main concern

77

First post from a noob.
Iā€™ve had the fun of broker selection and one thing Iā€™d add on FXCM.

I had the usual phone call sales pitch after opening a demo account with FXCM (love the software, very slick). A pleasent chap calls once in a while or drops me the odd email. One point I made with him was that I was considering Oanda for the lower spreads. Quick as a flash, I get an email back pointing me to Oandaā€™s own terms & conditions highlighting that they are a market maker broker. (In theory, paranoid or not, trading against you).

Fair enough. Point taken. So I keep digging away, including checking who liquidity providers are for the various brokers. And I find this ā€¦
(I canā€™t post the link, itā€™s my first post, but google ā€œFXCM liquidity providersā€ and look for the ā€œforexmagnatesā€ link).

Drew Nix apparently is the CEO of FXCM, and when questioned on the lawsuit against them, came out with this gemā€¦
ā€œObviously this is relevant for those firms that make a market to their clients, but given NFA scrutiny I just canā€™t believe any of the large market makers in the United States are actively manipulating anything either, even though they might have the incentiveā€

And I cough a bit.

The CEO just under cut the nice sales guy pitch on paranoia on Oanda?

All things considered then, Iā€™ll stick with Oanda using MT4 for marking up the charts and the java (works in Linux guys!), platform for the trade entries, which is a combination that rivals FXCMā€™s trade station, with lower spreads, with a company thatā€™s been in existence longer ā€¦ Oanda also won out for being one of the very very few upfront and honest brokers on terms, roll-overs, spreads, interest etc published and easy to find on the website. Transparency won my cash. A lot of brokers with obscure websites hiding spread & important bottom line cost figures need to learn from that.

My thoughts anyway. Not saying Oanda is ā€œthe bestā€. MB Trading also got a very close look, but the MT4 demo bugged out on me enough to worry me during testing.

78

Hey guys iā€™m newbie hereā€¦just now i considering two brokers that is instaforex and fxopen since they has thier office in malaysia. Can somebody assist me thanks!

79

Go with FXOpen. Although FXOpen has an office in KL dealing with overseas support and e-sports, FXOpen does not currently have an active sales office in Malaysia as it is against the law to actively promote forex trading according to BNM restrictions. That is why FXOpen (unlike certain other companies that donā€™t care about the rule of law) no longer has sales seminars in Malaysia. If and when the law permits it, we are happy to do so again.

80

Market Makers the best is IBFX as long as i know, i also tried FOREX.COM but i really donā€™t recommend the last one. As i said before now i am working with Vantage, give one year and iā€™ll give you a real veredict.

81

the best broker eToro is for me, it is very easy to use. Here is a list of 10 best broker

82

hello angelo Iā€™m curious, what forex broker you CAN BE USED

83

hi haley12 AVAFX is also an excellent broker, thank you lol

84

Hello Fx Traders!
Happy to join the babypips team. Learned a lot and still learning.
I am trying to find brokers which are good for scalping and also for longer timeframes. I live in ontario, Canada.
I would appreciate your help.

Thanks

85

Come onā€¦Etoro?

86

everyone can have his own top 10. but we should choose popular ones in the eyes of most people or trust some authorities.

87

FXSolutions is the best in my opinion! :slight_smile:

88

Hello golab786,

If youā€™re looking for good broker for scalping, I would suggest:

  1. Regulated (goes without saying)
  2. Fast execution
  3. If possible, look for STP/ECN with floating spread, itā€™ll give you better spread compared to the one with fixed spread (of course, avoid trading on news releases). Of course, if you donā€™t mind 2-3pips spread on EURUSD, you can always go for a fixed-spread STP/MM.

My suggestions would be Dukascopy, but if you want to start small, I think HotForex or Pepperstone will do.

95

There are two type of broker:

  1. Dealing desk broker
  2. No-dealing desk broker
    There are two type of no-dealing desk broker:
  3. Electronic Communications Network(ECN)
  4. Straight Through Processing (STP)
    Next time I discuss about Dealing desk and no-dealing desk broker.