who is your favorite FX broker??

bulls95 said:
To be able to call a broker your favourite usually takes years i believe, since its not too certain that one may find the best broker in the first go. I have personally been with a couple of them and its now that i can say that I found one that fits my trading needs completely and thats Turnkeyforex.
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I agree. I too am using turnkeyforex for a while and never faced any issue. Truly a reliable broker.
 
I believe a broker should be reliable, honest, have a good payment system, conditions for trading, and also reflect support
 
Most traders use major currencies to trade, and the same goes for me as well. I trade with EUR, USD and JPY because of their higher volume and tend to have smaller spreads.
 
Xela said:
There's not much sense in using intermediary, third party payment-processors (like Skrill) to transfer money in/out of a forex brokerage: all that can do is produce additional delays and costs, unnecessarily.

You can't trade without having a bank account anyway, and directly to/from a bank account is the fastest, lowest-cost and most reliable way.

If the bank charges something or exchanges into your local currency at a rate you don't like, you're still going to incur that problem anyway, by getting the money back via Skrill, but with Skrill's fee on top: you can lose something by using a third-party processor, but not gain anything. (And many banks will let you open a USD account anyway, wherever you live.)
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The sole reason is to avoid paying taxes. You can label those transactions as remittances and no questions asked. Also withdrawals to online payment systems are pretty fast, mine at Hotforex paid in 3-4 hrs.
 
There are many good brokers in the market which are providing good services. However the definition of the best will keep on changing from person to person. It is very important to consider your capital before choosing the broker because they will also charge a fee. Plus I prefer trading via MT4, which these brokers offer. They work well for me because a good range of investment options gives me versatility which is very important.
 
pureequity964 said:
There are many good brokers in the market which are providing good services. However the definition of the best will keep on changing from person to person. It is very important to consider your capital before choosing the broker because they will also charge a fee. Plus I prefer trading via MT4, which these brokers offer. They work well for me because a good range of investment options gives me versatility which is very important.
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It's the first time I hear about a 'fee' that brokers charge and that depends on the amount you want to deposit. From what I see they try to make their fees less obvious, putting it inside spread markups and commissions. They even started to pay deposit and withdrawal fees for your to make experience even more pleasurable.
 
thursday said:
Any recommended brokers in your mind?
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Forexchief is a good recommendation. such a calm and stable broker. Supported me with extra credit to hold off a trade from hitting stop out. They only charge commission per trade, so they don't profit from loss. best kind of broker to use are those with no conflict of interest.
 
geedy said:
Forexchief is a good recommendation. such a calm and stable broker. Supported me with extra credit to hold off a trade from hitting stop out. They only charge commission per trade, so they don't profit from loss. best kind of broker to use are those with no conflict of interest.
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Oh I think I did hear that one, but correct me if i'm wrong, aren't they offshore?
 
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