an acquaintance once said that you should not start working with this broker, only you will find problems there
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Which Forex Broker ?
- Thread starter Hitnruntrader
- Start date
an acquaintance once said that you should not start working with this broker, only you will find problems there
Concesso and Diego23
I would use Globalprime, and then Pepperstone and ICMarkets (in this order)
but please note that only Globalprime is a true A book broker and will provide trade receipts.
If you open an account using the link found on the HFT website you will get a discount on commissions
https://www.hftgroupfx.com/
I would use Globalprime, and then Pepperstone and ICMarkets (in this order)
but please note that only Globalprime is a true A book broker and will provide trade receipts.
If you open an account using the link found on the HFT website you will get a discount on commissions
https://www.hftgroupfx.com/
Coinexx is the lowest trading cost FX broker that no one can beat.
https://coinexx.com/?franchiseLead=MzkxNjg5
EURO spread 0.1 pip, commission $2/lot round turn. 1/500 leverage.So their total trading cost is 0.3 pip.
There are some brokers claiming 0 spread or low spread, but they charge higher commission in stead so that their total trading cost is much higher than coinexx.
Someone mentioned Globalprime, Pepperstone and IC market.
I checked their total trading cost, Pepperstone 0.91 pips on euro,and IC market is higher than Pepperstone.Globalprime EURO spread 0.1 pip but they charge $7/lot round turn, so the total cost is 0.8 pip.
https://coinexx.com/?franchiseLead=MzkxNjg5
EURO spread 0.1 pip, commission $2/lot round turn. 1/500 leverage.So their total trading cost is 0.3 pip.
There are some brokers claiming 0 spread or low spread, but they charge higher commission in stead so that their total trading cost is much higher than coinexx.
Someone mentioned Globalprime, Pepperstone and IC market.
I checked their total trading cost, Pepperstone 0.91 pips on euro,and IC market is higher than Pepperstone.Globalprime EURO spread 0.1 pip but they charge $7/lot round turn, so the total cost is 0.8 pip.
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Someone mentioned Globalprime, Pepperstone and IC market.
I checked their total trading cost, Pepperstone 0.91 pips on euro,and IC market is higher than Pepperstone.Globalprime EURO spread 0.1 pip but they charge $7/lot round turn, so the total cost is 0.8 pip.
Its not always about the lowest cost, we also have to consider fund safety
and the ones I mentioned are the cheapest of the safer brokers.
I wouldn't touch coinexx ,because one day someone will hack them and my money will go walk abouts..........
I would stay clear of any broker who is unregulated and does not have a physical address in a western country.
Its not always about the lowest cost, we also have to consider fund safety
and the ones I mentioned are the cheapest of the safer brokers.
I wouldn't touch coinexx ,because one day someone will hack them and my money will go walk abouts..........
I would stay clear of any broker who is unregulated and does not have a physical address in a western country.
You can choose whatever you like, and others can choose whatever they like.
Why I choose a low cost FX broker?Because the total annual commission a FX broker charge me, is 3 times of my entire balance. So if I choose a regulated broker, I will give all my balance for their trading cost if I break even at the end of year.
What is the risk that an unregulated broker bring to me? I have calculated the probability, it is less than 1/10000.
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How did you determine it to be this low?What is the risk that an unregulated broker bring to me? I have calculated the probability, it is less than 1/10000.
Who are you going to contact when their website goes down one day, all your money is gone and there is none there to contact?
I guess if we only have play money then it doesn't matter which broker we chose.
But if we have considerable funds, we would want it to be safe and to be kept segregated in AAA rated banks and not to go into the CEO's personal bank account in the Cayman Islands....
How did you determine it to be this low?
Who are you going to contact when their website goes down one day, all your money is gone and there is none there to contact?
I guess if we only have play money then it doesn't matter which broker we chose.
But if we have considerable funds, we would want it to be safe and to be kept segregated in AAA rated banks and not to go into the CEO's personal bank account in the Cayman Islands....
Don't fabricate something up based on your imagination.
"Their website goes down one day, all your money is gone"
Would you give an example of this happening in history?
Your regulated broker never disappear, but your balance disappear every year.
You are not calling it risky?
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Our imagination helps us stay safe.Don't fabricate something up based on your imagination.
I hope you understand that when an entity is not regulated it can abuse it's position and put our funds at risk and this happens all the time with unregulated or loosely regulated brokers but that's fine you have your beliefs and I have mine.
I also have better things to do so I'm out of here.
All the best.