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hi fellas.. i'm dumbtrader..
i'm try to plan quit job n trade forex as well but i'm so confused.. there a few things should consider... which is the best fx broker to trade n what is the minimum deposits.. my budget below/lower 200USD which is the best fx broker has good reputation and payments n lots of payment type (withdrawal) and easy registration which is better to trade.. through eas or indis.. (one of the best indi i've seen here is isakas...) does forex need good pc n connection to trade or trade by pda or laptop? i use desktop pc type... any suggestion/recommendation/ideas/objection are welcome... hope fxtsd members can help me on this... ![]()
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EFX: Experience Forex Freedom is the best, IMO. They are an ECN... No deal(steal) desk. No fixed spreads. You get real time Level II. Trading with a fixed spread broker is just giving your money away. Example, on the USDJPY, I make a small profit selling for a 2 pip gross profit. With a fixed spread broker, you need 3 or 4 pips just to break even. It's just numbers. Tell EFX therumpledone sent you. |
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Cheat, Defraud, Deceive Forex Customers
Quote:
Case Summary INTERBANK FX LLC NFA 07BCC00010 NFA ID: 0326091 Respondent/Effective Date Summary NFA ID Respondent Effective Date 0349820 CROSLAND, TODD BENJAMIN 10/09/2007 0326091 INTERBANK FX LLC 10/09/2007 Rule Summary NFA ID Respondent Rule Type 0349820 CROSLAND, TODD BENJAMIN • C.R.2-36(e) - FOREX DEALER MEMBERS SUPERVISION OF EMPLOYEES 0326091 INTERBANK FX LLC • C.R.2-36(e) - FOREX DEALER MEMBERS SUPERVISION OF EMPLOYEES • C.R.2-36(b)(1) - CHEAT, DEFRAUD, DECEIVE FOREX CUSTOMERS BASIC Case Summary See full complaint here http://www.nfa.futures.org/BasicNet/...px?seqnum=1107 And if you need more, check this COMPLAINT: On August 30, 2006, NFA issued a Complaint charging Interbank with violations of NFA Financial Requirements Section 12(a). DECISION: On August 30, 2006, Interbank was ordered to pay a $25,000 fine. See full complaint here http://www.nfa.futures.org/BasicNet/...spx?seqnum=809 Stay away from IBFX Last edited by AQUILEZ; 01-05-2008 at 06:58 AM. |
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Good Forex Broker
The best way to do this is looking in this place first
BASIC Search There is to many Brokers not even members of N.F.A. Not a good sign Those who cheat customers in past are black listed Not all are bad news there is a few honest brokers and they been doing business for long time Details OANDA CORPORATION NFA ID: 0325821 Current Status • NFA MEMBER APPROVED • FUTURES COMMISSION MERCHANT REGISTERED Exemptions Click the link below to view exemptions for this firm View Exemptions Regulatory Actions Agency Number NFA 0 CFTC 0 Exchanges 0 details... NFA Arbitration Awards Role Number Claimant 0 Respondent 0 Representative 0 details... CFTC Reparations Cases Total 0 details... Also Known As No other names Business Address 330 FRONT STREET WEST 12TH FLOOR TORONTO, M5V 3B7 CANADA 416 586 0328 Doing Business As • OANDA INC Listed Principals Listed Principal Name Title 10% or More Financial Interest JURG ROBERT CONZETT OWNER ONLY YES INDEX VENTURES YES NOOSHIN MOHTASHAMI MAALI CHIEF FINANCIAL OFFICER NO NEW ENTERPRISE ASSOCIATES YES OANDA HOLDING NV YES RICHARD BJOERN OLSEN DIRECTOR YES DANNY RIMER DIRECTOR NO MICHAEL STUMM CHIEF EXECUTIVE OFFICER YES History Status Effective Date • NFA MEMBER APPROVED 03/14/2003 • FUTURES COMMISSION MERCHANT REGISTERED 03/14/2003 • NFA MEMBER PENDING 12/13/2002 • FUTURES COMMISSION MERCHANT PENDING 12/13/2002 Complete details here BASIC Search Results If we talk bad about some brokers, we need to talk good about others Good luck.. Last edited by AQUILEZ; 01-05-2008 at 07:46 AM. |
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I'm not going to drop Interbank over just 2 complaints. Like I said before, I've never had any problems with them. Yes they have spikes, but what broker doesn't do something to that nature?(widening spreads, manipulation, etc.)
I've heard alot of bad comments about ALL forex brokers. Is that going to stop me from trading...No. I am pulling some money out of my account when aleccohfx comes to the U.S. to give them a try. We'll see what happens. I agree partly with the statement made above. There really is no good forex broker. They all are out to make money just like we are. They do have the advantage...Your money!! Trade well.
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