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  #301 (permalink)  
Old 07-12-2006, 05:56 PM
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Quote:
Originally Posted by pip-gandalf
Hi guys,

I have just chatted with Northfinance - and apparently they have a new rule :

All positions must be held at least 10 minutes !!!

I don't know about you guys - but I find this offensive , but when asked if its ok to be stopped by a stop loss after 2 minutes - they said that this is acceptable ........................

Anybody know of a good scalpable broker?
Hi,
That's true, but I think they will remove that rule soon. My best Broker is FIBO group!!!

Have a nice day
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  #302 (permalink)  
Old 07-13-2006, 01:35 AM
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How crazy...

Quote:
Originally Posted by pip-gandalf
Hi guys,

I have just chatted with Northfinance - and apparently they have a new rule :

All positions must be held at least 10 minutes !!!

I don't know about you guys - but I find this offensive , but when asked if its ok to be stopped by a stop loss after 2 minutes - they said that this is acceptable ........................

Anybody know of a good scalpable broker?
Sounds crazy ... - don't they want to be in business?

adnaO could be good for scalping but their spread changes during announcement hours.

Cheers

- Sukhen
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  #303 (permalink)  
Old 07-13-2006, 11:35 AM
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I find that Real trader been very reliable but there spreads arent the best in town.. outside of the four majors the spread are too large.. but if your just looking to trade the four majors then Real Traders been very reliable in the last 4 months that I've been trading with them, they also accept egold and a Micro mini account.. But I also use NorthFinance and like there spreads on there currencies and commodities, but I've found that a couple of times they have had a couple of down times, but I like there Visa debt card option to draw from your trading account..
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  #304 (permalink)  
Old 07-13-2006, 11:58 AM
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the only MT4 broker that I have NOT heard bad things about is solid gold and coesfx and that could be because they are new. What these brokers like to do is run really well for one year and once you get a bunch of users, then start in with the disconnections and crap. I have a feeling that is what interbankfx is doing. They are likely going to completely crash everything and take their money and run. I'm steering clear of any MT4 brokers and keeping a watch on solid gold and coesfx and if after a few months, they still get good reviews, I might consider going with them.

If you have $5000 , I would go with Interactivebrokers.com. They are the real deal when it comes to trading.
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  #305 (permalink)  
Old 07-13-2006, 12:30 PM
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Quote:
What these brokers like to do is run really well for one year and once you get a bunch of users, then start in with the disconnections and crap. I have a feeling that is what interbankfx is doing. They are likely going to completely crash everything and take their money and run. I'm steering clear of any MT4 brokers and keeping a watch on solid gold and coesfx and if after a few months, they still get good reviews, I might consider going with them.
Yeah good point about MT4 brokers, ALL I know to run a metatrader platform cost about 100k USD when I last enquired. So these MT4 Brokers have to make there money back ASAP, then when you start seeing the red flags go up It could be a strong possiblity that the Mt4 broker could be in process of run with your cash.. I see it happen all the time with HYIP (high yield investment programs) but on much shorter time span.. So a good stragedy would be make your principal back asap and the rest you make is risk free profit..
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  #306 (permalink)  
Old 07-13-2006, 12:43 PM
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Quote:
Originally Posted by chistyle
Yeah good point about MT4 brokers, ALL I know to run a metatrader platform cost about 100k USD when I last enquired. So these MT4 Brokers have to make there money back ASAP, then when you start seeing the red flags go up It could be a strong possiblity that the Mt4 broker could be in process of run with your cash.. I see it happen all the time with HYIP (high yield investment programs) but on much shorter time span.. So a good stragedy would be make your principal back asap and the rest you make is risk free profit..
Hi,
I want to know. The money of these brokers is assicurated or not? What we can do if a broker fail and go to bankrupt? Do we have any chance to have our money back?

Thanks in advance
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  #307 (permalink)  
Old 07-13-2006, 02:57 PM
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Interactivebrokers

Quote:
Originally Posted by Morpheus
the only MT4 broker that I have NOT heard bad things about is solid gold and coesfx and that could be because they are new. What these brokers like to do is run really well for one year and once you get a bunch of users, then start in with the disconnections and crap. I have a feeling that is what interbankfx is doing. They are likely going to completely crash everything and take their money and run. I'm steering clear of any MT4 brokers and keeping a watch on solid gold and coesfx and if after a few months, they still get good reviews, I might consider going with them.

If you have $5000 , I would go with Interactivebrokers.com. They are the real deal when it comes to trading.
Do you know if Interactive Brokers they have mq4 support?
What are there spreads? > Their website has no chat support .
Anyone uses them here?
Tnx
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  #308 (permalink)  
Old 07-13-2006, 04:33 PM
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IB dont support MT4. They have ther own API and "Traderworkstation". Spreads are well, but they are not the Marketmaker. Your trade is send to the Globex and you have to pay a small fee to IB for each trade.

Sorry for my english.

Tory
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  #309 (permalink)  
Old 07-13-2006, 08:11 PM
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Quote:
Originally Posted by Morpheus
the only MT4 broker that I have NOT heard bad things about is solid gold and coesfx and that could be because they are new. What these brokers like to do is run really well for one year and once you get a bunch of users, then start in with the disconnections and crap. I have a feeling that is what interbankfx is doing. They are likely going to completely crash everything and take their money and run. I'm steering clear of any MT4 brokers and keeping a watch on solid gold and coesfx and if after a few months, they still get good reviews, I might consider going with them.

If you have $5000 , I would go with Interactivebrokers.com. They are the real deal when it comes to trading.
Well, Solid Gold looks good but I don´t know about their real spreads. In the web page they show 6 pip on EURUSD.

And about Interactive broker, you need to take some points to consider.
First, is the minimun trade: 25K (2 1/2 minilots)
Second, the leverage: 50:1 max

So, to have a good MM, risking 2% of capital. You need almost 30K to fund an account.

CoesFX becomes a good choice. However their net capital is 867K. And compared with the net capital of FXCM 26M, OANDA 27, GFT 29M, IB 228M.

So, they´re a little company, and sometimes a little company it´s better to your needs and sometimes don´t.

PD: Someone knows if there are some regulatory authority in Switzerlad (like CFTC) to find more information about swiss brokers?
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Last edited by Linuxser; 07-13-2006 at 08:20 PM.
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  #310 (permalink)  
Old 07-13-2006, 10:36 PM
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Quote:
Originally Posted by JoZo
Hi,
I want to know. The money of these brokers is assicurated or not? What we can do if a broker fail and go to bankrupt? Do we have any chance to have our money back?

Thanks in advance
Can't speak for each broker, but i know that regulated brokers here in the US have to keep their funds and customer funds in separate accounts. There is no co-mingling of funds allowed. So, even if your broker went bankrupt, client fund accounts are not considered their assets, and should be returned to you. Who knows in what timeframe, but even with assured accounts, the timeframe is not knowable.

Of course, the broker could always just steal the money, but in that case I doubt any kind of bonding would cover your funds anyway. In that case, it would go from a failure issue to a criminal case against the principals of the brokerage.

Anyway, that's my take on the situation. Hope it helps...

-Cubesteak
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