Poll: Which Is Your Favorite Forex Broker?

Quote from Cutten:

I'm not too keen on keeping stops with an FX broker - what is to prevent them quoting the market outside your stop for a micro-second, triggering it, and then going back to a normal market quote?

Also if the guaranteed stops thing is legit, with no "false" triggering of stops, then why not just open two accounts at separate brokers, then before major economic figures just go long in one account and short in another, with a close stop, and any move beyond that stop is pure "free money".

Surely the firms wouldn't allow themselves to get picked off like this?
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What a misconception, this is... You do not have to go long in one and short in the other, you can simply put in an OCO order and bracket the trade price before the eco release. It's a volatility play, just like any other play. The key is to know when to get out of the trade. Not always easy.
 
I have 3 different forex accounts and if I was to choose the best of the three I would have to say Oanda.

Reasons:

1) Tight spread

2) Although higher spread over the weekend they do allow trading. This allowed me to get out of a short USD position and turn around and go long USD on the morning Saddam was captured. Some luck involved on my timing but it was great to be able to take advantage of the situation.

3) Continuous interest paid on open positions.

4) Great platform!


I would also add that I use my other accounts to open positions on Sunday night when the Oanda spread is still wide. Unless I have too, I don't pay the wide spread.

STAQ
 
Quote from staq:

I have 3 different forex accounts and if I was to choose the best of the three I would have to say Oanda.
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I'm just curious. Who are the other two market makers?
 
Who protects the capital at these places? Do you need to put capital with them or can you put it elsewhere and still trade through them?
 
I have downloaded the GFT demo. The platform seems very flexible and user friendly.

Has anyone used this firm? Any comments?

Also I have been using the IFX demo. While I have not found their platform as easy to use or as flexible as GFT's, I have been encouraged to use IFX by my firm. I am not sure why, nor does any deal they may have affect me at all. I am free to use whatever bank or fx dealer I choose.

I see that IFX is not on the list on the poll. ??

Any comments would be greatly appreciated.


Thanks,
:)RS
 
Quote from Error 404:

I have downloaded the GFT demo. The platform seems very flexible and user friendly.

Has anyone used this firm? Any comments?

Also I have been using the IFX demo. While I have not found their platform as easy to use or as flexible as GFT's, I have been encouraged to use IFX by my firm. I am not sure why, nor does any deal they may have affect me at all. I am free to use whatever bank or fx dealer I choose.

I see that IFX is not on the list on the poll. ??

Any comments would be greatly appreciated.


Thanks,
:)RS
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Error 404: I have used their demo extensively. I also used GFT Forex in a live acct.

I think their short term (up to 15 minute) charts are the best (free) on the net for indicative purposes.

I had trouble while trading off their charts in my live acct - ended up closing it. I still use their charts though to speculate because I like the charts' "feel" but trade live with another brokerage. Their feed seems to be very accurate.

If you trade with them be aware that wysMAYNOTBEwyg as far as trading live with their charts. That has been my experience with them.

Regards,
 
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