I want to open account with capital of 4-5k EUR (around 5,5-7k USD).
I am in Europe and would like to have an EUR based account.
ECN broker who allows 10k positions would be a big plus.
Also would like to avoid US brokers because of proposed 10:1 leverage which probably has a good chance to be adopted.
I thought of dbFX, mainly for 2 reasons:
1. They use FXCM platform which I found the most user friendly and have done all my backtestings on it.
However, opening an account at FXCM itself is not an option, too much of bad words about them all over the internet.
2. On their web site they claim they are showing all their customers the same prices.
http://www.dbfx.com/forex-trading/forex-spreads-currency-pairs
Quotation:
Neutral Pricing: Prices are derived directly from the FX market and will fluctuate according to natural changes in volatility and liquidity. All dbFX clients receive the same pricing, unless they are active traders using a custom solution, as outlined below.
If that is true then I shouldn't worry about being specifically stop hunted althrough it is hard to prove that as I would have to have 2 accounts opened and their minimum limit is 5k$ per account which is currently too much for me. From the other side, I don't expect such a reputable company to openly cheat and lie their customers.
There is lot of talk about them that they use FXCM's prices and same methods, but that would be hard to believe as they are the biggest FX liquidity provider and one of the biggest banks in the world.
However, I would like to hear another opinions and reccomendations of other brokers before I make a final decision?
I am in Europe and would like to have an EUR based account.
ECN broker who allows 10k positions would be a big plus.
Also would like to avoid US brokers because of proposed 10:1 leverage which probably has a good chance to be adopted.
I thought of dbFX, mainly for 2 reasons:
1. They use FXCM platform which I found the most user friendly and have done all my backtestings on it.
However, opening an account at FXCM itself is not an option, too much of bad words about them all over the internet.
2. On their web site they claim they are showing all their customers the same prices.
http://www.dbfx.com/forex-trading/forex-spreads-currency-pairs
Quotation:
Neutral Pricing: Prices are derived directly from the FX market and will fluctuate according to natural changes in volatility and liquidity. All dbFX clients receive the same pricing, unless they are active traders using a custom solution, as outlined below.
If that is true then I shouldn't worry about being specifically stop hunted althrough it is hard to prove that as I would have to have 2 accounts opened and their minimum limit is 5k$ per account which is currently too much for me. From the other side, I don't expect such a reputable company to openly cheat and lie their customers.
There is lot of talk about them that they use FXCM's prices and same methods, but that would be hard to believe as they are the biggest FX liquidity provider and one of the biggest banks in the world.
However, I would like to hear another opinions and reccomendations of other brokers before I make a final decision?
