What's the broker ?
Hello everyone... I'm newbie and want to begin trading using 500$. . Can anybody suggest me the best broker for me personally? Currently, I'm using demo accounts of these brokers....
Windsors Brokers
IBFX Australia
One Financial Markets
Which is the best one of these brokers? Thank you
Amongst the Market makers?? I trade a live account with Oanda, they play games with their spreads through news and times of liquidity, but they're extremely upfront with their clinics. So you need to learn how to trade and learn to to play with the broker game.
I feel all the market makers play games to attempt to shake you out, whenever they do not have variable spreads they have giant price spikes. My biggest fear with these brokers is not the games it is insolvency. It makes me nervous keeping big accounts with these guys. Thats why I picked Oanda, cause they're among the largest brokers and they're well capitalized (at least thats what they report). I am considering a change to futures wherever your transactions go through a exchange some time soon.
That is a theoretical issue, you'll never get the one and just one answer. However, I prefer any STP/ECN vs. MM.Originally Posted by ;
When the brokerage states from the contract which customers' funds are held in segregated accounts from company's accounts and the broker is regulated (eg. By strict EU laws and regulations) and retail customers get protection via any investor compensation fund, all these are important items that will increase your confidence.
Oanda has MT4. I've been using them for over a year now and I don't have any complaints. Like a previous poster stated, they are up front about their practices, and if you compare them to other brokers they have a clean track record. A fantastic source for doing homework on your potential broker is the National Futures Association website. Use the Background Affiliation Status Information Center (BASIC) to check their history for illegal activity. I thought of shing to IBFX however I killed this idea once I read during their history. LOLOriginally Posted by ;
http://www.nfa.futures.org/basicnet/
Interesting...I use MB Trading, good to see their album is clean.Originally Posted by ;