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The best trading platform?
- Thread starter Helgo
- Start date
Hi,
someone knowing FxSolution ? Any oppinions about them ?
Ralf
someone knowing FxSolution ? Any oppinions about them ?
Ralf
Quote from mmillar:
CMC have an office in New York and are regulated by the NFA. Why would they open an office in NY and then only let people from the UK open an account. And we're not talking about spreadbetting, we're talking about Forex.
u're right - my oversight about their other offices. I forgot about that fact. However I am still pretty skeptical about the data aspects I mentioned.
Quote from Splat:
...However I am still pretty skeptical about the data aspects I mentioned.
The reason the spreadbetting side of the business has 'dodgy' data in the UK is because of UK law. The only way they can call themselves a 'betting' company, with all the tax advantages that entails, is by taking market data, 'processing' it, and the giving it to the customer as a 'bet'. UK law requires that 'brokers' have to give their customers the 'best price'. The same laws do not apply to spreadbetters.
Dealing Forex with CMC is not spreadbetting. In fact 'betting' is illegal in most states in the US. I imagine the US have the same or similar 'best price' laws that apply to brokers in the UK.
I agree that if you are going to open an account with anyone you should ask as many questions as you can.
Yes, I know them. OK trading platform, but they are rather expensive (4-5 pips). And they don't have trailing stop or alerts/alarm. But good newsservice including Dow Jones.
Hm, there are banks that look much more trustworthy (see annual report) than your "recommendation".Quote from fxtrdr:
At a broker your money is with everyone elses so if they have 3 Million only the first 100k is insured , the only way is, if they open a totally segregated account for you, which they do not. There is no SIPC like stocks, so FDIC is best bet in own account. Play it safe and smart trade with those that invented forex and deposit your money in a bank acount to trade. www.BankForexTrading.com
www.cbfx.com
www.bankatcommerce.com/about/index.asp