Nancy Cheah
Sergeant
- Messages
- 157
Yes, you're right to a certain degree but what about brokers operating out of the US?
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MY GOD! Any decent forex brokers out there at all?
- Thread starter TheMan
- Start date
Hi Nancy,
forex-brokers in the UK are regulated by FSA which is at least as effective as the NFA in the USA. In many European countries, except Switzerland, even your equitiy will be insured up to about 50.000,-- USD.
Regards, Stony
Nancy Cheah
Sergeant
- Messages
- 157
Why do you single out Switzerland?
Although I'm trading with Saxo Bank (Singapore) right now, I'm also contemplating about Dukascopy.
Can anyone assist me in this please?
Although I'm trading with Saxo Bank (Singapore) right now, I'm also contemplating about Dukascopy.
Can anyone assist me in this please?
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Hi Nancy,
I lost some money due to the bankruptcy or - more likely - illegal money withdrawals of the Swiss broker Neuimex. Another Swiss broker, Crown Forex, was closed down for similar reasons. There is no governmental regulation of brokers in Switzerland! So, everybody can set up a forex brokerage there.
It might be different with Dukascopy because they are working with several regular banks and financial institutions. I do not know, however, to what extent this affects regulatory matters. I only can recommend you a fine introducing broker who counsels clients of Dukascopy here in Germany:
.:: Forex - WorldTra.de LLC - Forex - Referring Broker Services ::.
I´ve been in contact with that guy for 4 years now, he is absolutely honest and fluent in English.
Regards, Stony
Nancy Cheah
Sergeant
- Messages
- 157
Can that friend of yours have anything to say about them (both good or bad)?
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evergreen1
Recruit
- Messages
- 3
hello
hey guys how are you all.
you guys dnt worry about best broker in forex. still there is alot good brokers in forex. who working for there clients and try to give good services to clients.they give best execution and mininum spread.
hey guys how are you all.
you guys dnt worry about best broker in forex. still there is alot good brokers in forex. who working for there clients and try to give good services to clients.they give best execution and mininum spread.
Nancy Cheah
Sergeant
- Messages
- 157
So far Saxo Bank (Singapore) doesn't give me any trouble whatsoever.
And also, I'll be opening another account with Dukascopy SA.
Let's see how they perform.
And also, I'll be opening another account with Dukascopy SA.
Let's see how they perform.
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Sorry Nancy,
I came to read your post only today. You can ask my friend directly about Dukascopy by going to his home page:
.:: Forex - WorldTra.de LLC - Forex - Referring Broker Services ::.
or to the forum which is linked to it. His name is "Matze".
Regards, Stony
Nancy Cheah
Sergeant
- Messages
- 157
It's alright.
I've visited already.
Anyway, a few of us have decided to apply simultaneously soon.
We'll see what happens later.
I've visited already.
Anyway, a few of us have decided to apply simultaneously soon.
We'll see what happens later.
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Yes, but the NFA only covers American brokers and some of the new rules are pretty extreme.
So far I have been using FXPro and they have been pretty good.
Certainly the customer service is excellent and they have plenty of patience with stupid questions. Not that I ask so many these days.
I have also opened an account with FXOpen, yet to see how it goes.
Alpari UK is not so good, the customer service is obstructive if they don't like your point of view. I would not recommend them to anyone I like
So far I have been using FXPro and they have been pretty good.
Certainly the customer service is excellent and they have plenty of patience with stupid questions. Not that I ask so many these days.
I have also opened an account with FXOpen, yet to see how it goes.
Alpari UK is not so good, the customer service is obstructive if they don't like your point of view. I would not recommend them to anyone I like
