are all forex brokers scam artists?

[walterjennings]

Quote from DeltaDelta:

There are a lot of bucket shops in the forex industry.. A good indicator for avoidance is..
A. generally - if the broker offers Metaquotes, there is a fair chance that this is a very small broker
B. Avoid Saxo Bank like the plaque.


Haven´t tried IB as a forexbroker, but this is probably whom I would choose or Oanda..

C. If they make unrealistic promises like 'guaranteed fills even during news events'
D. If they make claims like 'biggest forex provider in the history of mankind'
E. If they try too hard to get your business regardless of how little you plan on putting into the account / or your experience as a trader. ie. they ask to call you within 30 seconds of showing interest and give you a sales pitch over the phone.

 

[romik]

Quote from DeltaDelta:

There are a lot of bucket shops in the forex industry.. A good indicator for avoidance is..
A. generally - if the broker offers Metaquotes, there is a fair chance that this is a very small broker
B. Avoid Saxo Bank like the plaque.


Haven´t tried IB as a forexbroker, but this is probably whom I would choose or Oanda..

I love bucket shops with FREE Meta on demo accounts, great free real-time software for TA. What a fantastic way to save money

 

[RapidFireFX]

Quote from walterjennings:

C. If they make unrealistic promises like 'guaranteed fills even during news events'
D. If they make claims like 'biggest forex provider in the history of mankind'
E. If they try too hard to get your business regardless of how little you plan on putting into the account / or your experience as a trader. ie. they ask to call you within 30 seconds of showing interest and give you a sales pitch over the phone.

F. If you can fund your account with a credit card
G. If you can't find a physical mailing address on their website
H. If they have cheesey actors on their website posing as operators, business owners or worse winning customers

 

[KRasta]

I have one question to the topic starter, what do you think brokers exist for?!

 

[JB3]

I still don't understand how the OP doesn't know the basics of how forex works. You can't trade what you don't understand.

 

[romik]

Quote from JB3:

...You can't trade what you don't understand.

of course you can

 

[cvds16]

if you want to trade eur/usd, for god's sake why don't you trade the futures. I trade gbp/usd-futures and make a decent living at it, so yes it's possible.

 

[sccz97]

Quote from RapidFireFX:

H. If they have cheesey actors on their website posing as operators, business owners or worse winning customers

brilliant .. a big thank you for making me laugh today

 

[forex-forex]

Quote from RapidFireFX:

F. If you can fund your account with a credit card
G. If you can't find a physical mailing address on their website
H. If they have cheesey actors on their website posing as operators, business owners or worse winning customers

I. If you can fund your account with a PayPal

 

[ozarka]

Quote from forex-forex:

I. If you can fund your account with a PayPal

J. If they charge you to send you your money back and there is no other option to get it back for free.