Would you select a Bank as broker?

Broker Discussion Forex Brokers
1

Hi,

After 3 years, my well known Australian Broker is closing my account because I am neither living in Australia nor in New-Zealand but in Europe…Anyway It was time for a change (not successful). I do not want any Market Maker anymore. I am thinking about an ECN broker and why not a bank. Does anyone as a bank as broker. I amean a real broker with platform, etc… ? Do you have any comments ?..Any comments about the Bank/Broker Ducaskopy (Swiss)? Thank you in advance

2

Ooooh. :open_mouth: This is an interesting question. :thinking: Tbh, I’ve seen banks here offering this service but I never really looked into it because I was already comfortable with my own setup. :thinking: But, this thread might help you out. :open_mouth: This is from the perspective of someone who trades through a bank. :blush:

3

Hi Ria Rose,
Thank you for the hint. My inital motivation was to select an ECN broker. Among the list of brokers I got appeared this Swiss Bank and it would make sense for me that a Bank behaves like an ECN broker. In the discussion you forwarded, it seems that it might not be the case.

4

the conditions of banks are too unfavorable, so few people choose them

5

Re: ECN broker, see this reply: