|
Welcome to the FXstreet.com Forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
|
| The Forex Market All you ever wanted to know about the currency market. |
 |
|
Jan 8, 2009, 09:14
|
#1
|
|
Newbie
Join Date: Oct 2008
Posts: 15
|
Reliable broker
Am reading regularly this very long and super entertaining thread about NFA dead pool. I mean entertaining cause I live in the UK and am not intending to go for a US broker (not even sure if I can).
Plus, it seems that NFA is just saying this or that broker is reliable and this other is not. But in the UK, FSA+FSCS = even if your broker dies down, you'll get your money back. At last if it is FSA regulated.
The one I am demoing with, Alpari, is FSA regulated. Is there somewhere a list of all FSA regulated ? Quite frankly, not using one of them looks like a huge risk to me.
|
|
|
|
Jan 8, 2009, 14:23
|
#2
|
|
Administrator
Join Date: Jan 2008
Posts: 1,226
|
Below you can find some of them:
Saxo Bank
CMC markets
City Index
ODL Securities
If I find a list I'll publish here; also ask in Forexscholar's thread ( http://www.fxstreet.com/forum/showthread.php?p=63833), he may help you
Regards,
FXWizard
|
|
|
|
|
Jan 23, 2009, 16:04
|
#3
|
|
Newbie
Join Date: Dec 2008
Posts: 14
|
more than a list suggesting us particular brokers, it’d be also useful if you let us know some of the reasons to place the at the top
|
|
|
|
|
Jan 23, 2009, 17:21
|
#4
|
|
Newbie
Join Date: Sep 2008
Posts: 8
|
Quote:
Originally Posted by adelin2
more than a list suggesting us particular brokers, it’d be also useful if you let us know some of the reasons to place the at the top
|
That's a good request my friend!
Many people post lists about brokers but they never explain under what criteria they made that list.
People should post the list of pros and cons a broker has.
|
|
|
|
|
Jan 28, 2009, 10:41
|
#5
|
|
Trader
Join Date: Jul 2008
Posts: 128
|
yea... all your suggestions would help many...... Therefore i think when you first decide to trade Forex you will need to locate a reliable broker. It's very important that you familiarize yourself with the software the broker uses for making trades analyzing the market any other features they may offer. Many have a training or tutorial account that will allow you to signup make trades for free. Use this to your advantage before just jumping in tossing your money in.
|
|
|
|
|
Mar 6, 2009, 11:28
|
#6
|
|
Trader
Join Date: Oct 2008
Posts: 119
|
Here are a few points which I consider that must have in a reliable Forex Broker.
Live training, with one-on-one help
Personal account management
Start trading in less than 5 minutes
Start trading with as little as US$25
Credit Card or PayPal use for instant Deposit
Guaranteed Stop-Loss Rate
Freeze the Rate you see (Freeze&Trade)
No hidden costs, Competitive spreads
Special Terms for frequent traders
No download to software
Live Quotes, real-time
Full Transparency
Security and Safety
|
|
|
|
|
Mar 13, 2009, 11:42
|
#7
|
|
Trader
Join Date: Aug 2007
Posts: 164
|
Quote:
Originally Posted by connorob
Am reading regularly this very long and super entertaining thread about NFA dead pool. I mean entertaining cause I live in the UK and am not intending to go for a US broker (not even sure if I can).
Plus, it seems that NFA is just saying this or that broker is reliable and this other is not. But in the UK, FSA+FSCS = even if your broker dies down, you'll get your money back. At last if it is FSA regulated.
The one I am demoing with, Alpari, is FSA regulated. Is there somewhere a list of all FSA regulated ? Quite frankly, not using one of them looks like a huge risk to me.
|
Non of them are ECN brokers. Better use some Marketplaces. Please guys open your eyes and check for ECN broker which can show in market depth 100 mio as minimum.
|
|
|
|
|
Mar 31, 2009, 17:54
|
#8
|
|
Banned
Join Date: Jan 2009
Posts: 6
|
Need help deciding which is best?
Using an IB can help deciding if an ECN, Fixed, or Variable broker is best. And wich is best for your strategy, currency pair, and particular EA.
Back Bay FX works with all of the largest brokers in the US..
FXDD, FXCM, Forex.com, GFT, PFG, CMSFX, and MB Trading (pending).
They are also offering rebates of $3.00 per lot just for signing up!
|
|
|
|
|
Apr 27, 2009, 21:25
|
#9
|
|
Newbie
Join Date: Apr 2009
Posts: 25
|
recommendation
In my opinion the most important thing is that your funds are secure, you should look for a broker ISO 9001 and ISO 27001 certified…
I trade with acm, I recommend you check out their web site…
Regards!!! 
|
|
|
|
|
Apr 28, 2009, 11:44
|
#10
|
|
FXstreet.com Staff
Join Date: Oct 2006
Posts: 125
|
Doing Brokers Due Diligence
Very nice thread you have here guys
Recently, here at FXstreet.com we have launched the Learning Center, an in-depth educative section that pretends to help to educate traders.
Yesterday I just read a chapter that could be of your interest in your broker's discussion. I'm not copying here due its length:
Doing Brokers Due Diligence
Enjoy it!
Francesc
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
日本語
Español
中文
