Please recommend a broker

Most traders looses money however better we should take a start by trading demo account which costs us nothing because they are free to trade with the virtual money and you don't have to deposit anything with broker before accessing them.
 
I trade Alligator. This is simple and working. Moreover, it is a ready made strategy. Why to invent something own that may not work if there are nice systems out there already
 
There is nothing wrong in trading, although it can be a great option to earn money in short time period. Everything just depend on us how we go through.
 
Anybody knows good brokers which offer cryptocurrency CFDs? Need safe with trusted license and many happy clients on board.
 
Hi Pipeguy,

I have the same question actually. But I can tell you one thing. Don't go with AvaTrade. I was trading ripple with them on the AvatradeAct platform, and they suddenly removed all cryptos from the platform. Then I wired funds to my MT4 account (which still offers the cryptos) on Dec 28th but my account has not been credited, customer support is inexistant and my "account manager" as they call him, has not replied to any of my inquiring mails.

Best,
 
Jackthepipper said:
I have been trading with Interactive Brokers for over a year. I love the platform and the service. Unfortunately, they abruptly instituted some regulatory changes requiring leveraged forex traders to be "eligible contract participants." This is loosely defined as an individual or entity worth in excess of $10mm. I am in search of a new broker. I am a very active, high volume day trader and maintain a relatively large account (around $250k). I do well over $3 billion notional on average per month so commission schedule is important. I am looking for reliability and dependability. Can the experienced FX traders on the board please suggest an alternative to IB. I would rather not pursue the prime of prime route. Thanks very much in advance!
More...
Hey there is this new broker I've been trading with Exclusive Capital. I've been trading with them for 3 months.
They are 100% Mifid 2 Compliant and ESMA regulated
They are regulated by Cysec and based in Ciprus.
As I can see you have a pretty big account so you can choose to open an Exclusive account. The minimum deposit is $25000, but that' the biggest type of account there.
You would have $3/per side commission but spreads as low as 0.2 pips.
I have a standard account which doesn't have commission. Also on EURUSD the spread is 0.5 pips.
Their livechat is 24/7 and was polite and helpful. I had some chart problems at the beginning and they helped me solve it with TeamViewer.
They have segregated bank account which is connected to your trading account, so they can't touch your money by the law.
They have webinars and seminars. One seminar is coming up next ween in Budapest, Hungary. It's a seminar for traders, where they talk about fundamentals, trading strategy etc.

Hope I was helpful
 
oliver1337 said:
TWS is IB's trading software.

I am in the same boat... I'm very disheartened by the news. They are a great company. Being a US resident really does not help either, or I would switch to Lmax in a heart beat. I have opened a OANDA account for the mean time, but looking for something that isn't a market maker, has lower commissions, and better setup for larger volumes.

I am currently weighing my options:

1. As I am a dual citizen (US and UK) I am thinking of either moving back there (I still have an old bank account there).

2. Look into gaining the ECP title. I have heard some people say you can setup an offshore private trust to for a few thousand to gain it. Or state that a 200k account at 50:1 leverage makes you eligible for the 10M clause. I don't know validity of these statements however.

3. And my least favorite is using some sketchy offshore brokers that take US residents, put a tenth of my account in and use the high leverage.

Any more information you find out please share, I will as well. Hopefully we can find a suitable replacement or solution.
More...


For US citizens the pickings are slim (especially if you want leverage over 50:1). Here is a list of a few of them --> https://www.forexchurch.com/brokers-for-us-traders.cfm
 
You must log in or register to reply here.
Back
Top