trustworthy NDD broker recomendation
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Thread: trustworthy NDD broker recomendation

  1. #1
    I am searching for a NDD broker and trust you guys have any hints

    my greatest priority standards is that the broker is a true ecn/stp without any conflict of interest with their customers (after exploring a lot I wonder whether that's actually 100% possible as small retail trader?)
    I plan to remain with that broker for quite a while and I don't want to create a long term relationship with a brokerage that wants me to neglect as trader.


    My other personal criterias :Business funds from client funds capitalization transparency equilibrium protection pref. Controlled in UK (FCA) or Switzerland (FINMA) good trading platform (I favor MT5 or cTrader because I have the most experience with these two) joint account possible no markup on disperse low comissions is a bonus but I favor higher comissions over having a broker that manipulates my trades in order to compensate for their non comissions simple cheap withdrawal I am not a scalper but I want the broker to tolerate all types of intraday trading
    I thought of opening a ctrader ecn account with the UK controlled entitiy of fxpro but if exploring I heard a lot of negative things about them (forexpeacearmy etc.) and now I am sceptical about these.
    I also considered Dukascopy but I am not acquainted with their trading platform at all , do you guys recommend trying it out?
    I am looking forward to some ideas.

    best regards

  2. #2
    Quote Originally Posted by ;
    quote It is 12 seconds, whereas a number of other broker same egy has a mean duration of the transactions of three to four seconds. The distinction is that on other five brokers I am looking for a new equity filled with stats, while I'm going south. Certainly all other brokers are not B/booking me (they did it at the beginning but not now), whilst HF still keep me in their publiion, and so ... I know easily when I shed a trade due to excessive slippage as a result of poor liquidity or other issues on the conclusion of the LPs and when I shed since ....
    How can you know that these 5 were b/booking you in the start (and not now)?

  3. #3
    Quote Originally Posted by ;
    I'm searching for a NDD broker and expect you guys have a few suggestions my highest priority criteria is that the broker is a authentic ecn/stp without any conflict of interest with their customers (after researching a lot I wonder whether that is actually 100% possible as small retail trader?)
    I am truly sorry but this is simply not possible in Retail FX. This is not the nature of this Retail FX Business Model.

    If you don't have significant trading expertise, have not learned about the differential between Equity Market Data Characteristics (or some other Market other than FX) and FX Market Data Characteristics and if you don't have enough funds to initiate a Prime Broker connection, then what you are searching for simply don't exist in the Retail FX business model. Some of them exist but not all your needs.

    Here is how this works and I have been telling people this for years.

    1) You will need to take some time to research your advantage in Forex and have good at implementing this.
    2) You will need to exchange your way out of Retail Hell.
    3) You will need to build your account balance to a place at which you can establish a Prime Broker relationship.
    4) You will then graduate to an institutional tier trading platform.
    5) You may run your transactions through a separate legal entity (corp, llc, llp, trust, etc.) and keep separate publiions.
    6) You may grow your business and scale it according to your own future needs.
    7) You may periodically return to the Retail positions and reply mundane questions thankfully because somebody once did the same for you.

    This is how Retail Forex operates. This is how you get beyond Retail Forex. This is how you will be around these boards some 15 years later. This is how others will know you have been there and done that before. Else? Stay in Retail Hell eternally. Maybe not a very good choice option if you ask me.

    Ok, it is not time to start working on Number #1 above with your Retail Hell Demo Account.

    If you merely wish to stay a small account Trader, then I would suggest that you also set-up a Nadex Exchange Demo Account, learn how their Binaries work compare your Binary Options demo trading outcomes to your Spot FX demo trading outcomes and be ready for a surprise. Again, only if you would like to keep a trading account.

    If you have an interest in trading millions or billions then you truly do need to spend some time to develop your own Edge, skill, knowledge of this market information and expertise in executing your egies. Or, you will need to develop a Technical System that supports your daily decision making - which is a whole different universe of trading and I would say requires a technical foundation of some kind or another (not 100% required but certainly a big help). In any event you move, be ready for working harder, longer and with more passion than you have ever worked in your whole life.

    This is how it actually works in the area of Trading, without the sugar coat. This is how you become a long term successful Trader. Trading successfully term is not difficult. Getting to the point at which you understand that trading successfully term is not difficult, will be. After that, it is actually rather straightforward. Don't get greedy and adhere to your Edge's principles. Be sure that Edge operates in all market conditions, or make sure you take some time to develop an Edge for many market conditions. That way you won't need to sit on the sidelines merely because the Market Phase doesn't fulfill your Edge.

  4. #4
    Quote Originally Posted by ;
    I am looking for a NDD broker and expect you guys have some suggestions my highest priority standards is that the broker is a true ecn/stp with no conflict of interest with their customers (after exploring a lot I wonder whether that's even 100% possible as small retail trader?) I plan to remain with this particular broker for quite a while and I don't wish to form a long-term relationship with a brokerage that wants me to neglect as trader. My other personal criterias : segregated company funds from customer funds high capitalization transparency negative balance...
    Size of transactions ?

  5. #5
    Quote Originally Posted by ;
    quote What has been the average life of your orders?
    It is 12 seconds, while on many other broker same egy has an average period of the trades of 3 - 4 minutes. The distinction is that on five brokers I am on a new equity high with stats, while I'm going south. Certainly the other brokers are not B/booking me (they did it in the beginning but not now), whilst HF still retain me in their publiion, so ...
    I understand easily when I lose a trade due to excessive slippage due to poor liquidity or other difficulties at the conclusion of the LPs and when I lose since ...

  6. #6
    Quote Originally Posted by ;
    my highest priority criteria is that the broker is a authentic ecn/stp without any conflict of interest with their clients;
    negative balance protection;
    You cant have both.

  7. #7
    Quote Originally Posted by ;
    I am searching for a NDD broker and expect you guys have a few suggestions my highest priority criteria is that the broker is a authentic ecn/stp without any conflict of interest with their customers (after exploring a lot I wonder if that is actually 100% possible as small retail trader?) I plan to remain with this particular broker for quite a while and I don't want to create a long term relationship with a brokerage that wants me to fail as trader. My other private criterias : segregated company funds from client funds high capitalization transparency negative balance...
    There are no good ECN brokers with negative balance security, remember that negative balance protection means broker takes your risk, so it is possible only when it is market manufacturer (all losses in case of armageddon like SNB decision will become broker profits, so it is great deal for broker, if it is suicide). Trading with FxPro is extremely expensive, so forget about them. Only well-known FINMA regulated broker with costs is Dukascopy and they have bridge. From my experience that the top retails honest brokers are ASIC controlled, IC Markets and Pepperstone (MT4 accounts with commission).

  8. #8
    Quote Originally Posted by ;
    I'm searching for a NDD broker and hope you guys have some suggestions my highest priority standards is that the broker is a authentic ecn/stp without any conflict of interest with their clients (after exploring a lot I wonder if that is even 100% possible as little retail trader?) I plan to stay with this particular broker for a long time and I do not want to create a long-term relationship with a brokerage that wants me to neglect as trader. My other private criterias : segregated business funds from customer funds large capitalization transparency negative equilibrium...
    Reading such orders I always want to include and I do not have a lot of money to spend only $500/1000/2000/put yours not more than 10K.
    Of course being a tiny retail trader you'll have to accept that all retail brokers reserve some of their orders (or even fault) and in best case people are good hybrid brokers.
    For authentic ECN learn to trade with bucketshop/hybrid broker, make 500-1M and you are able to consider joining authentic interbank market.
    P.S. My recommendations are Hotforex and FXCM.

  9. #9
    I suggest to avoid Hotforex specially if u plan to scalp like I have right now posted in another thread:

    https://www.forexsoutheast.asia/fore...ng-trader.html

  10. #10
    Try your Opportunities of Tickmill or FXCM. Both are great.

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