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Any good brokers out there?

Discussion in 'Beginners Bootcamp' started by harmudge, Sep 13, 2009.

  1. harmudge

    harmudge Recruit

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    Hello all, I am a complete newbie to trading and am currently looking for a good broker.
    I currently have a live account with CMC Markets which I opened last week, but to be honest I am not to happy with them.
    I have been browsing your brokers review pages and every broker I have looked at, has had pretty dismal reviews from the members here. There are some good reviews but an awful lot of bad reviews for most brokers.

    Who do I trust with my hard earned cash ?

    Please direct me in the right direction.

    harmudge
     
  2. kingdaniel

    kingdaniel Recruit

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    Got same problem here. Every single one I look into is scam this or scam that. Any ideas anyone?
     
  3. Nancy Cheah

    Nancy Cheah Sergeant

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    Both Saxo Bank (Singapore) and Dukascopy SA are excellent since I've tried both of them.

    Regards.
     
    #3 Nancy Cheah, Sep 13, 2009
    Last edited: Sep 5, 2011
  4. harmudge

    harmudge Recruit

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    Thank You very much Nancy, I will certainly have a look at the brokers you have mentioned.
    Anyone else got any reccomendations for a broker ??
     
  5. ernest8fingers

    ernest8fingers Master Sergeant

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    IMHO-never trust(fully)any person or company not directly in your own family. This concept has kept me from depositing more than 1000.00 bucks in any Forex trading account. This has also doomed me to trading 0.1 lot only per trade on only one trade. If I win-I remove realized Profit. If I loose(just the trade not my account) that means I will wait longer to make a withdrawal. I prefer to extract profit ASAP in case the Broker decides its today they want to change to a "depositOnly" Broker. I conquered the fear of trading on emotion but have not (maybe never will) get over the fear of placing a large deposit with total strangers. NO PERFECT BROKER EXISTS. I use MBT(I like very much for large lot trades of which I have made NONE since 2008 Sept.) and FXPro.com for everday trading of "miniLots". So far,(and I have had 6 Brokers total in 4 years) these 2 Brokers have not screwed with me or my account. I still dont "fully" trust them though. Remember this is only MY opinion and colored by my whole Forex experience. Good luck though.:)
     
  6. harmudge

    harmudge Recruit

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    Thanks ernest your advice has been noted.
     
  7. Nancy Cheah

    Nancy Cheah Sergeant

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    My recommendation is sole and purely based on my few calendar months of trading with them and nothing more.

    Regards.
     
    #7 Nancy Cheah, Sep 14, 2009
    Last edited: Sep 5, 2011
  8. elah024

    elah024 Private, 1st Class

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    hi there!

    i have read a lot of problems same like you. i can help you search on how to know a good brooker. here are some helpful links to let you know how to look for an effective brooker. so you wont get through problems like scams and all that.

    How do I find a good stock broker? - Answer desk- msnbc.com

    answers.yahoo.com/question/index?qid

    Forum Forum

    i think it's still best if you search first on how how to choose a best brooker and its functions. hope that will help.

    answers.yahoo.com/question/index?qid
     
  9. Lhar_fpa

    Lhar_fpa Private, 1st Class

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    I think for you to check out your broker is to check them out on NFA, not only that you will know if they are regulated, but also you will know about their reviews. :p
     
  10. Pharaoh

    Pharaoh Colonel

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    The NFA is only for USA based brokers. They don't have reviews there, but do have "NFA Actions" which can be very interesting.
     

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