Hello everyone,
I'm looking for good broker and I don't know which one I should choose. Can anybody tell me about some brokers?
Especially Oanda, FXcast, FXopen and Liteforex...Which one is good and why? Thanks

Hi, don't know where you are, but in lots of countries, spread trading or spread betting, as it is known is extremely popular (in the USA it may be still illegal) You don't need a broker in the conventional sense; just do everything online.

I recently undertook an excellent Forex course from a guy called Sid Wyemann. The platform he points his pupils to is OANDA. You'll find positive & negative comments about all of them, but often it's just down to personal choice.

carl29

All have their pluses and minuses. If you choose FXOpen however, I do offer a 1/2 pip rebate for all positions closed +/- 4 pips. Keep it in mind

Yes, I heard good things about oanda.
They've been around so long, probably the oldest broker on the internet, I think?

FXCM is popular in my country. My brother uses Forex.com and FXCM.

I think it all depends on your strategy! Like one is using scalping method and opening trades withing seconds and out. fast execution, requotes etc. Some brokers don't like scalping,so they might increase spreads if one is using very good scalping method. I've seen many complaining about OANDA because people with good EA having negative balance and having all positive balance on different broker. I don't know why though. You just have to experience it on your own.

I presonally recommend AvaFx. If join them trough 7days-forex.com promotion you will get $20 from 7Days-Forex and up to $1200 from AvaFx depending on your first deposit.

You shouln't pick liteforex it's mostly e-currency based..
And slow withdrawals.

There is no best forex brokers. some broker will scam your money, make sure that is no dealing desk of the broker, but the spread will vary.

You won't get no dealing desk unless you have at least $1 million.

I like oanda because of Paypal

To me Interbank FX is a good choice...

Try ALPARI UK.
Conditions in Demo and live account are not too different ...

hi, i am sure if the good brokers have not different condition on demo and live acc, except demo use virtual money and live acc use real money.

i am use Fxopen demo account, cause trader can open demo acc as many trader like, so i use that to try many strategies

I recommend Northfinance

I recently joined FXcast.com. I choose them because they are almost fully automated and accept many e-currencies. Spreads are ok. So far no problem.

Try FXClearing. They offer 1 pip spread in eurusd, gbpusd, usdjpy, usdchf. Support e-payment.
Fast deposit/withdrawal. Metatrader platform.

Please check at fxclearing IB: fxclearing.indocurrency.com

Thanks

FXOpen will have true ECN MT4 in a couple of weeks. That is a killer feature!

i am trading at fxopen too, i like this broker cause they have low and fixed spreads, accept many e-currencies, automatic referral commission sytem .

For ECN MT4, can you explain more about that, look would be great updates ?

ECN on MT4 will mean instant fills and once filled, stay filled conditions. As for FXOpen's ECN move, I can't say anything specific as yet. I don't know that much myself so we will all have to wait

Can anyone please tell your feelings about ForexWebTrader ?
They accept Liberty Reserve, like FXcast. So which one could be
best in your opinion ? or maybe you can suggest another one to
accept e-currency ? and is there one accepting Pecunix ?

Thanks in advance

I would avoid brokers with "web interfaces". There is no real platform. Just a series of web pages. The Metatrader 4 platform is the best there is with integrated charts and ease of use. It's also an installed application meaning you don't have the instability and lag problems of a webpage interface.

They all are marketmakers. I prefer ECN brokers like curenex , Dukascopy SDwiss FX marketplace. But from thisb liost I think Oanda is more or less ok. But be careful with big amounts. If amount is bigger than 40 000, better start look for some ECN broker

I never trade with marketmakers like Oanda, Northfinance or whatever. Please guys do not trust them. Go to real market with ECN brokers like Lava, Dukascopy - Swiss FX Marketplace.

Try FxCast, open DEMO account here

Wich broker do you recommend to deposit just 70$? I wanna deposit 70$ just to test the live trade. Can anyone give me some brokers with good spreads and the most secure ones because i dont wanna get scam .

There are thousands of online trading brokers available. I could not recommend anything which i have not used or verified. As most of them are found to be scam. I am using Finexo last 2 years and never encountered any problem. It is a reliable broker and provides timely updates and tips. i thoroughly use the technical charts as being a day trader. It provides all type of charts without any delay in currency quotes. I am earning avg 12% monthly return which is quite satisfying for me.

The best things i like about Finexo is :

1. Leverage ratio: 1:200 which is quite manageable as high leverage will lead to greater pressure on traders.
2. Rolling charges are quite low compared to other platforms. Also they charge different rates depending on gaining or losing position which is good for traders.
3. Easy deposit and withdrawal facilities.
4. Great fund managers controlling my accounts very well, specially when i am out of trading for some days.
5. 24hr customer services available. can have live chats directly through Finexo sites.
6. at the last, Very well timed forex alerts and tips in order to derive profit through those news.

I'm trading with England Foreign Exchange www.efxco.com for 6 month and I was satisfied till now but if you ask me you should specified what you really want and then search for your broker.

You can try FxPro, its a full regulated brokers. Have 1.8 Pip spread in eurusd. FreeSWAP account. You can go to the Introducer Website if you have any question.

Thanks

Hmmm.. i would say Liteforex and fxcast.

Just my opinion...

Easy-forex is registered with CFTC (the US governmental body supervising commodity trading) and they are NFA member (id-:0358754)

They have unique freeze buy/sell rate. Freeze rate allows you to ‘freeze’ the displayed rate for a few seconds before you confirm and open or close a deal. They have Credit card, PayPal, or Wire Transfer. "Oil trading" is available with easy-forex now. Minimum has increased to $200

Leverage ratio-: 1:50, 1:100, 1:200; plus special tailor-made leverage ratios

Spreads-: from 2 pips (refer table)

Commission-: No Commission on trading.

Charges-: No fees on deposits and withdrawals

Maintenance margin-: Not required

My broker is quite good most because they have good software to trade, you know, programming EA and that stuff, I’m always training to make something nice to automate orders…mmm!…my last situation was resolved with their “help desk”
If someone can also tell anything about tradeviewforex.com we can share ideas, jeje
In any case excellent NFA certified brokers out there

After reading some comments in this forum, i would like to add FXopen and Finexo to my recommended broker list.

for me,i choose instaforex

what if a trader is not placed in the US but is looking for a broker there to invest with? I imagine there are lots of traders outside looking for a live account here, world capital

I too recommend using a few platforms until you find your favorite one (IE, the one that answers most of your trading needs and preferences). I started out with my favorite being etoro and now it’s avafx.
Trader’s recommendations are definitely the best source of info, but there are some Forex portals and review site out there that provide great comparison between the different brokers and platforms. My favorite is www.dailyforex.com. Their reviews are written by traders, and you can contact them to help you choose a broker.

As for international traders investing in US brokers, it's possible, but I suppose you have to make sure on a case to case basis if it's doable.

I would highly recommend Broco

they connect to currenex and not bucketshops

see my sign

Yes, forex-metal.com

Hi Trader,

I've been professional forex trader for 3 years. Untill now I only use one broker, that is, Interbankfx. This broker is the first and the last for me. Their service are awesome.

WORLD'S MOST PROFITABLE FOREX SYSTEM REVEALED!!!

it really depends which platform you use...

I've tried Oanda -Dont really like it because I got used to MT

Yes broker choice is very personal but i have faced execution trouble with AVA.....
with brokers since its all unregulated make sure two questions are answer before u sign up:
1. protection of your funds: either pick a well capitalised firm or one that offers segregated accounts. i know its a new idea for most US based traders but segregated accounts for brokers are a requirement in australia and i think NZ too.
Since most of the interaction is internet based i dont care where the broker is based as long as its now in africa !!! dont want their server crashing on me.!! WSD-NZ.com is one such broker and hold funds in segregated trust accounts so thats pretty cool in terms of safety.
2. this is another important consideration: execution...is the system good , do they reqoute etc etc..slippage? The brker i just mentioned uses MT4 and no slippage!!...havent been requited either..
sometimes though execution may take a few seconds but not a major problem and i think its quite common with most brokers.
They also have a promo going...they add a $1000 to accts..sucks cause i signed up way earlier..

may i know which one that offer Microlot? cause i want to start trading with little amount ($250)
and microlot is my only option.
I know forex.com got microlot option but they have no paypal as funding.
Any other recommendation, guys?

FXOpen has micro accounts (1c per pip). You can also get a rebate on fxopen micro accounts through rebatefx

FXCM closes out all your positions when a margin call hits you on one. It's in their fineprint. You lose more than you would have to, and more than you would lose with other platforms. Other than that, and if you can avoid margin calls completely, LOL, it's a very good and reliable one.

I think 90% of all, what you call "brokers", are sweat shops that trade against you; your loss, their profit. So their aim is take you money as soon as possible. A real world broker however is an intermediary that charges you brokerage fee, usually $ 5 per $ 100.000. Those are also called ECN. I think the best are MB Trading and HotspotFX as both have no interest in you losing money. Quiet the contrary, they want to keep you as a customer as long as possible as you pay them brokerage!

Regards