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hi.
try fxsolutions i recently open a mini account with them for learning forex from yesterday 2 loss 1 large win all during news time no problems though i have see some times they requote alot sometimes they dont but my account is just $1000 i dont know what will happen if your account is larger than 5000$
EACAN.
Don't stay away from FX_Solutions..............RUN as fast as you can. I traded live with them and especially news time they will not fill your order "as the price gapped over your order" and many more examples. My advice is for anyone to stay away from these guys.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Don't stay away from FX_Solutions..............RUN as fast as you can. I traded live with them and especially news time they will not fill your order "as the price gapped over your order" and many more examples. My advice is for anyone to stay away from these guys.
ValeoFx thanks for the insight i also have live account with them but very new 3 days in total i noted they do lots of requote in news time and sometimes nothing but thanks for the headsup any serious problems i would be running as anybody else would like to have a stable-secure broker once i feel ready to take forex as sole business..
Deepdrunk is right saxobank is ok, u know when spread is unstable another good thing is the IT department available around the clock. They offer a mini as well with spot gold and indexes and they just made new platform saxo2 but i still se few minor bugs. Live news from more than 3 news sources
ValeoFx thanks for the insight i also have live account with them but very new 3 days in total i noted they do lots of requote in news time and sometimes nothing but thanks for the headsup any serious problems i would be running as anybody else would like to have a stable-secure broker once i feel ready to take forex as sole business..
regards
EACAN
Iīm not surpised. I have one account with fxsol. Normal execution is faster but I donīt know ONE broker with good perfomance during news releases.
But, they warm you and FXCM donīt do:
I agree, I've been trading news with a group within the last few weeks, and you can really see the difference in the brokers at this time. I use FX Sol, but not for trading news - those error messages are annoying and I sometimes have to hit the button again and again before I can get in....dangerous!
Anyway, alot of the other people are having luck with Oanda - fast fills, little slippage. The only cons are the extremely low leverage - 50:1 is the best, but I guess that can be a good or bad thing depending on your perspective.
Also tried MB Trading, which is a commission broker with extremely low spreads (1 pip usually on the EUR/USD). However, got a crappy fill about a week ago (6 second delay cost me on an otherwise profitable trade).
But others say that they have not had such bad luck lately, but why risk it?
From my experience, Oanda is the way to go for news trading, although they are by no means perfect.
The simple truth in the matter is that when news announcements are happening the central banks widen their spreads, so any broker that has guaranteed spreads has no choice but to lock up, requote, slip, what ever. If they are guaranteeing 3 pips and the true spread at central banks is 10 or 12 they have to do something to cover that difference in spread and that's why they will always fail in one way or another in fast markets.
My recommendations: If you have $5,000 US or more look into Interactive Brokers. Their platform is mutifunctional so it's a learning curve and 50.1 leverage. They have low pip spreads but they also charge a comission on trades. My second and preferred choice is OANDA. You can trade from $1 to $10,000,000. Excellent fills in all market conditions. They too only offer 50.1 leverage and their charting is very lacking but it's all about the fills right? I also have a second account with a broker which has MT4 and micro trading so that I have the excellent charting capabilities and I can make small token trades with them just to stay active. Just no trading during active markets with them.
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