who is your favorite FX broker??

doggyfx · Jul 2, 2017

raniya said:
I'm trading with FXB now. Before use this broker, i ever used other broker for trading. This broker has good trading condition and it makes me feel comfortable

Good to see you are eager enough to try new names in the industry. I would rather stay with reliable ones like Interactive brokers, tickmill or Hotforex

RigbyColton · Jul 2, 2017

What about this month I have no claims, exept a little bit requotes. Sometimes I have to agree with a new price.

Hafizmd · Jul 4, 2017

Since my broker has changed account types, I switched to a new ECN and haven't noticed anything new, they just made a min depo larger a bit. Don't see any difference really

the same ok

doggyfx · Jul 8, 2017

Hafizmd said:
Since my broker has changed account types, I switched to a new ECN and haven't noticed anything new, they just made a min depo larger a bit. Don't see any difference really the same ok

Accepting clients with 5 or 10 bucks looks really suspicious and spoil the image of broker. Even basic logic suggests the broker acts like a market maker and its impossible to get access to interbank market with 10 bucks.

raniya · Jul 18, 2017

For now, I use FXB for trading. this broker give low spread for their clients. And I try to maximize it as well as possible.

Hafizmd · Jul 19, 2017

doggyfx said:
Accepting clients with 5 or 10 bucks looks really suspicious and spoil the image of broker. Even basic logic suggests the broker acts like a market maker and its impossible to get access to interbank market with 10 bucks.

Sure, it does look so
I think it makes sense and progress

doggyfx · Jul 24, 2017

Hafizmd said:
Sure, it does look so
I think it makes sense and progress

I still don't understand why some many traders without clear clues on how market maker act, hates them? Isn't it a massive hysteria like a story of some unlucky guy going about trading community?
It doesn't make sense that a broker will risk its reputation and name to take away your 100$ when it can lose 100 000 if this story goes public.

Hafizmd · Jul 25, 2017

doggyfx said:
I still don't understand why some many traders without clear clues on how market maker act, hates them? Isn't it a massive hysteria like a story of some unlucky guy going about trading community?
It doesn't make sense that a broker will risk its reputation and name to take away your 100$ when it can lose 100 000 if this story goes public.

Hates brokers that raise the deposit limit? Have I understood you correctly?

noahark · Jul 27, 2017

Xela said:
Surprising, then, that no other brokerage has ever had such a long, consistent, international and recidivistic history of multiple adverse rulings and multiple fines in the millions by several regulators, arising directly over the ways in which they've persistently treated their clients?

It seems to me that from the forum conversation perspective, "Which brokers wouldn't you touch with a barge-pole?" is arguably a more significant and a more widely helpful topic than "Who is your favorite broker?", and for the reason mentioned above, FXCM is right at the top of my list.

FXCM is one hell of a Broker, rugged to the core. Sometimes, I wonder if the fined levied again them are just a formality or they are actually paying the money to the regulatory authority. I am not sure. We are not talking about 100s of dollar fine, its thousands of fines. How do they manage that? And what are proofs that they are actually paying the fines?

Xela · Jul 27, 2017

noahark said:
what are proofs that they are actually paying the fines?

I think regulators would be petitioning courts for winding-up orders if they weren't paying all their fines, and the whole situation would be even bigger news than it is.

They're no longer allowed to trade in the US, now.