Broker recommendations!!

[scadderoccasional]

For a market that is volatile, a negative balance protection doesn’t hurt. It kind of acts like an additional protection against the ever changing market.

Exactly my thoughts! The risk gets too high at times and it is good to know that your funds are protected.

 

[kroxobor]

I’ve been making more money trading with ECN brokers like fxview and roboforex simply because there’s no middleman involved. I buy and sell the currency pairs without any delay.

There are much better brokers with reliable regulation out of there like Tickmill, Hotforex, IB. Why wasting your time on bucketshops??

 

[markteshorn]

As a newbie reading this, I have to ask how important negative balance protection is and how will I know if a platform offers it?

Just go to a broker and explore their website. Make a detailed analysis of the services you are looking for before investing any money. Good luck!

 

[Saivarshinee]

Honestly I don’t think I can trade with a broker that doesn’t provide negative balance protection. I specifically looked for a broker that has the option and then opened an account. Does anyone here feel the same way?

You are not wrong here. Negative balance protection is something I look for too in a broker. But not everyone is willing to offer that so I have to settle at times. I generally mix it up when it comes to brokers and trading on multiple platforms is also pretty fun and be it Fxview or ICM or any other platform. The important thing is getting good returns and having some security of capital.

 

[LoganSilver]

IKBR is fantastic, BlackBull Markets is also a good choice, as well as Oanda. I have heard of people having some issues with Oanda, but I never have.

 

[JimmyChoo]

You are not wrong here. Negative balance protection is something I look for too in a broker. But not everyone is willing to offer that so I have to settle at times. I generally mix it up when it comes to brokers and trading on multiple platforms is also pretty fun and be it Fxview or ICM or any other platform. The important thing is getting good returns and having some security of capital.

very nice reply with good information and logic, thanks for your nice post.

 

[botsmarok]

There are much better brokers with reliable regulation out of there like Tickmill, Hotforex, IB. Why wasting your time on bucketshops??

How precisely would you define bucketshops?

 

[Ekolpok]

You must define yourself what is important to you and what the advantage of a broker should be.

 

[kroxobor]

How precisely would you define bucketshops?

Bad quotes which happen often, wide spreads or spread widening especially during news and first minutes when some markets open, unreliable regulation. Of course it's not evident if you place a couple of trades but if you have a system which places trades frequently you start to feel impact from bad trading conditions.

 

[Logan15]

I recommend trading with FP Markets an ecn pricing broker because they offer some of the lowest spreads and commission costs compared to other ecn brokers.