Please recommend a true ECN or STP broker.

[MrMuppet]

"your turn" as in "you have to do the work now". No offense

Retail market makers are generally the most shitty places when it comes to trading knowledge and risk management, since the people who make markets here know that they can rely on terms and conditions to bail out and they make heaps of dosh because retailers are generally even more stupid.

It's so frustrating because sometimes you can even see with your own eyes how inefficient they make prices and how screwed their book is. Their rebate/cashback programs are begging to be harvested, rollover rate arb, latency arb, you don't need to be a genius to exploit that.

But nope, terms and conditions apply...and when they get you (and they will in the end), you either will be sued or wont get paid.

Latency arbitrage is abusive, because terms and conditions determine that it is. And you need to proof that you did not arb (which is strange). Do not forget that you are trading against a single counterparty and you accepted their terms. There is no law that says "you cannot prohibit arb trading"
When you go to court against them, they'll always win.

 

[CEOcaptail]

Some of these recommendations are beyond me. I obviously can’t argue with individuals but I really hate the way people have recommended some of the worst brokers which are proven scammers. But anyway, I will not recommend any company, I will just recommend doing proper research and going with regulated broker.

 

[doggyfx]

Some of these recommendations are beyond me. I obviously can’t argue with individuals but I really hate the way people have recommended some of the worst brokers which are proven scammers. But anyway, I will not recommend any company, I will just recommend doing proper research and going with regulated broker.

Oh yes pink color is pink , but are you sure? Thanks for your advice, new traders will definitely find it useful as they thought sending money to random company is ok, world is build on trust huh?

What's sense baking from your keyboard useless content?

 

[blueraincap]

been using ib all the time, but not many people seem to be recommending, whats wrong with ib?

 

[Jeronimo]

I would recommend a Broker that is regulated by major countries like UK(FCA) or Australia(ASIC) where they would have to meet strict guidelines for safety of client funds.

And if you intend to trade high volumes, a True ECN or at least a STP broker is the way to go. A market maker broker may work against your trades.

And if you are a scalper, the ECN model will work best for you as the spreads are extremely low. If you intend to swing trade, you can even settle for fixed spread accounts.

Most importantly, Don't fall for deposit bonus or any other freebies, which may eventually work against you.