brokers

nayani · (#1 (**permalink**))

pls suggest any good brokers in USA.

Pharaoh · (#2 (**permalink**))

That depends on your definition of good.

The best thing about USA brokers is that they can't get away with some of the absolute worst things because of the NFA. This doesn't mean that they can't pull off a number of stupid broker tricks. They also know that it costs money to file an NFA complaint, so if you are only trading a few thousand dollars, it won't be worth the cost of pursuing them.

Still, some of them are ok.

Of course, the hard thing is finding one that meets your specific parameters. I spent quite a bit of time searching for a broker, and turned my personal search into a method that can be used to find a broker that's a "best fit" for each person. You can read my method here:

How to select a forex broker

I hope you find it useful.

nayani · (#3 (**permalink**))

Thank u Pharok

it really helps me alot

4XTrader2 · (#4 (**permalink**))

I agree with Pharoh. When it comes to evaluating Brokers, you need to define what is the criteria you are looking for.

I would first highly recommend reading through the Broker reviews on this site and other sites. Narrow down your list of brokers to evaluate by looking at their track record with others. If they are reputable, it will be reflected in the Broker reviews.

I would not judge a broker on their slick website or nicely printed literature. Remember, Forex dealers are in business to take money from you. Period.

Go to the NFA (National Futures Association - NFA is a regulatory service provider for the derivatives markets) and the CFTC(U.S. Commodity Futures Trading Commission) websites and check the complaints records against the brokers.

Last, read the book "Beat the Forex Dealer" by Augistin Silvani to get a feel for how dealers operate.

sam111 · (#5 (**permalink**))

Quote:

Originally Posted by nayani

pls suggest any good brokers in USA.

Nayani there are many forex brokers you can find in internet, i also found in forums. now i have an a/c with AVAfx. you can also join. if you really want to join you can join demo AVA.

nayani · (#6 (**permalink**))

Thank You Sam. I will search

Pharaoh · (#7 (**permalink**))

Check their website. AvaFx doesn't accept US clients.

ernest8fingers · (#8 (**permalink**))

Save your money.There are NO good Forex brokers-just lesser degrees of evil POS Bucketshop thieves. Instead - trade Options or contracts-They are at least regulated and somewhat transparent . Spot Forex is for Gamblers and the uninformed poor bastard. Even if u win some money-u then have to worry your broker might confiscate it. All f---n thieves! And thats the good parts of Forex!This market is a joke-and the jokes on your bank account.

nayani · (#9 (**permalink**))

Quote:

Originally Posted by Pharaoh

Check their website. AvaFx doesn't accept US clients.

yaa pharokh AvaFx is not accepting US clients

db9 · (#10 (**permalink**))

Being a newbie, I don't know what it means, but has anyone noticed somthing like this?:
When looking at the graphs of several brokers today, you would think they all show the same pattern: from the closing of markets yesterday.
However, if you look at e.g. eurchf 1M at fxdd (live), forex.com (demo), and fxch (demo), then it's like forex.com shows 1hr more data than fxdd, and 2 hrs more data than fxch. I know they have different time-zones, but also the time difference between these 3 at the last bar (at market close) and the time difference between these 3 at a recognizeable bar that stands out is different....
(eurchf shows a huge step in 1 minute late yesterday, so that makes it easy to compare the graphs).

I don't know what to make of that, but I fear the worst...

Regards,
db9