Does anyone use a reliable FX broker?

[Jack_Larkin]

Are you both just shills for fp markets?

 

[Vettel5]

I agree with Jack. Its a good broker but it doesn't require to much attention.

This is not a forum for promotion.

 

[Liam.Kova]

Which broker would be best to start off with, if your a first time user in forex trading ?

 

[Nighthawk]

Maybe you start to distinct between Prime Brokers, Liquidity Providers, Prime of Prime, STP Retail Brokers and B Book Retail Brokers.

The thing is, every B Book Broker - the ones that are the "counter"-party to any of your "trades" - has only one goal:

your account decimated to zero.

Ask yourself the question, why the managing directors of these shops drive Porsche´s. Certainly not because they give you a helping hand in achieving your trading goals.

Ask yourself the question: why are you being offered 1:500 or 1:1000 leverage?

Greatest sin you can do, is to make money with a B Book broker.....

 

[Byrne.d46]

Which broker would be best to start off with, if your a first time user in forex trading ?

It depends on your location and on your requirements.

 

[Vettel5]

How do you define a reliable forex broker ?

 

[Logan15]

Even i am looking for a good broker, I'm into scalping and looking for a scalping type broker that has some good spreads and commission charge is less.

 

[Jack_Larkin]

Even i am looking for a good broker, I'm into scalping and looking for a scalping type broker that has some good spreads and commission charge is less.

How do you define a reliable forex broker ?

I pointed out earlier that Pepperstone has a 20 free trade promo for new accounts right now, it's a good way to check out their execution quality and systems without much downside:

Pepperstone --who in my experience has some of the best customer service and execution quality out there-- is running a promotion where new users get their first 20 trades commission free:

20 Free Trades - Pepperstone

Not bad at all for anyone who wants to try out a new brokerage.

I was a client of Pepper for many, many years and only have positive things to say about them.

 

[bulls95]

Even i am looking for a good broker, I'm into scalping and looking for a scalping type broker that has some good spreads and commission charge is less.

As per the requirements you have stated, Turnkey forex might be a good option since the spreads they offer are pretty narrow,quite suitable for a scalper.Commission is also low i.e $2 per 100k, round trip.

 

[Logan15]

I prefer FP Markets over others brokers, main reason being they are regulated by ASIC and CYSEC (EU). FP Markets is also one of the oldest broker in the business for over 15 plus years.Their trading conditions are great. FP Markets have some of the tightest spreads starting from 0.0 pips. Multiple deposit and withdrawal options is a advantage as well.FP Markets have also secured many awards. IMO, Its better to go with a broker who hold a good reputation and been in the forex business for many years.