IV Broker is good, I need comparison.

K

KKSamFX

I have been comparing different brokers but have found many that offer many different things, it’s giving me a headache. Now I am trading at IV Brokers because low spread mainly EURUSD is 0 pips, have been testing slowly for 3 months since the last broker showed it’s real face of being a dealing desk and had to stop trading with the EA.

I am very happy with the quality and speed of execution, order fills, spreads, profit withdrawals (same day) and the account conditions. But I understand there are many brokers to choose today and can take many hours of research to check all of them.

I wanted to ask the opinion of traders if they think there is a better broker than IV Brokers for trading conditions? If you have any recommendations to compare to IV Brokers that I can check, please tell me.

I prefer STP or ECN broker that can handle my strategy properly and not manipulate prices, execution and other tricks. I like to make profit trading forex J

Thanks

Khan
 
Hi Khan,
I'm doing my research as well. have you been contacted by other brokers? Do you know their conditions?
I found out that one should check the regulations. Do you know with regulations i should look for to trade in Canada? Thank you
 
HI Patrick, You are 100% right, search all the time for a regulated brokers, bear in mind that most of the brokers outside Canada are accepting Canadians but still you need to check them very carefully. Khan, I heard about IV brokers since they are very well known in Asia (I'm from Malaysia) I didn't open an account yet but they have a very good reputation here.
 
for broker spread comparison you can go to : http://www.myfxbook.com/forex-broker-spreads
it listed most brokers around the world, but i dont find your broker listed. i dont have an account with them, never heard before even i'm also asian. personally i also prefer ECN brokers with good trading condition, i've been check on your broker page and seem they truly (it was at least) offer 0 spread on EU, dont forget to mention their commision $5 charged), ECN account minimum are 2000 USD, minimum lot size 0.1 lot. here's for comparison my current brokers,
low markup on EURUSD fee, 0.8 pips charged, commision include. ECN account minimum deposit 300 USD, minimum lot size 0.01 lot. they also has a low spread with GOLD too, it has 10 pips spread. here's for quick check on their spread : http://quotes.armadamarkets.ee/livegraph/flot/quotes.html
if you're using an EA, use vps london based server, armada markets server are located in london, you execution process should run much faster.
btw, would you mind to share your 3 months ea performance. :)
 
Hi Lubba,
Thank you! no I don't mind, if i open an account with them i'll let you know how it goes.
I'm new in Forex trading, so it might take a while to see proper results.
Any tips welcome
Thank you
 
Hi Patrick, Bear in mind that every day a new company come up with a better conditions and it's never ends. You can go to IVbrokers there I believe you will be in good hands.

Good Luck!
 
Thank You AldoEA, I just opened an account with Nakitrade, japanese broker.
For 2 weeks i'll be on a Demo Platform to understand the Cog with a trader. When I'll be ready (when my new trader friend thinks i'm ready), i'll start trading on my own. I'll let you know! Thank you
 
Patrick CA said:
Hi Lubba,
Thank you! no I don't mind, if i open an account with them i'll let you know how it goes.
I'm new in Forex trading, so it might take a while to see proper results.
Any tips welcome
Thank you
More...
sure, bet you in. the only able to keep on track brokers activity are traders!
no problem no need to hurry, stick with a proper process, keep in minc : fx trading are not your money printing machine, it's a way of investment.
i keep on track with AM brokers, been monitored several review page on FPA and myfxbook if armada markets are having any other really odd issue, so far their review are nice one.
good luck with your trade, and keep update :)
 
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