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  #41 (permalink)  
Old 12-28-2007, 08:58 AM
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best broker for me

What broker offer the smallest pip spread and the best leverage for me i like to have 1:200 or more and no limit how mutch money i can have on the account for that?


best regards
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  #42 (permalink)  
Old 12-29-2007, 03:58 PM
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Unhappy Planning to REAL FOREX

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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  #43 (permalink)  
Old 12-29-2007, 06:26 PM
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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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  #44 (permalink)  
Old 12-30-2007, 04:02 AM
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1:100 i leverage and 3 pips spread it looks like.

best regards
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  #45 (permalink)  
Old 12-30-2007, 12:05 PM
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Quote:
Originally Posted by lumesh View Post
Having read all of your thoughts about different brokers i have one question:

Does a GOOD broker even exist ?
Couldn't say any better!
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  #46 (permalink)  
Old 01-03-2008, 05:53 PM
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MT4 broker

Can someone recommend a long time good MT4 broker. IBFX does these weird price spikes every now and then which kills trades.
Thanks
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  #47 (permalink)  
Old 01-05-2008, 06:44 AM
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Cheat, Defraud, Deceive Forex Customers

Quote:
Originally Posted by Trade It View Post
What's wrong with Interbankfx? I've used them a little over a year now. No problems, I don't trade the news either. No problems with spreads widening or anything.

I too would like to hear more on this broker. Thanks.


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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  #48 (permalink)  
Old 01-05-2008, 07:43 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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  #49 (permalink)  
Old 01-05-2008, 11:24 AM
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Dumbtrader

Quote:
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...
Hi there,

don't quit your job to start trading forex.
Even expirienced trader can't make money trading account of 200 usd.
With that amount you can trade only micro lots and you cant buy yourself a
decent cofee with eventual profit.
If you start with 200$ and trade high lavarage you will be 100% out of trading fast,maybe you will have luck in few trades but soon will face a loss and fear...
There is no good forex broker,they all do everything to prevent us making money.
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  #50 (permalink)  
Old 01-05-2008, 02:33 PM
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Trade It is on a distinguished road
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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