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So, are there any brokers anyone likes?

Discussion in 'Forex Company Comparisons' started by AsstModerator, Aug 19, 2010.

  1. baby_trader

    baby_trader Recruit

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    Yes sorry. Exclusive Capital.
     
  2. Mohamad Noor

    Mohamad Noor Recruit

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    Exclusive Capital is a total scam white label managed by cypriots. stay away
     
  3. GANDUS

    GANDUS Recruit

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    Hello, guys, am with FXTM since 2017 till now, well no withdrawals yet, but good spreeds, flexible leaverage, good execution, normal swaps, no delays in trading at all. the truth is that am trading in a cent account for now. I endorsed them.
     
  4. outofphase

    outofphase Private

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    Because MT4/5 is not a professional platform. The whole Metaquotes technology stack was created for retail brokers and the Metatrader UI is not designed to help the trader act quickly in case of emergency (I am refraining from writing it was done on purpose, but would not be surprised knowing the history of Metaquotes).

    If you want to have an idea of what a professional platform looks like (and am not talking about cTrader either) look at some screenshots of ProTrader, or PrimeXM web UI, or better, take a look at a futures platform such as Investor/RT, NinjaTrader, Sierra Charts, or Jigsaw Aunction Vista or Bookmap X-Ray, all of which will show you full depth of market and provide many more order types than what is available on Metatrader. Bottom line: no professional will be caught using MT4/5. There's a reason for that. Think about it.

    And those you whine about not being able to auto trade if they don't have access to EAs written in MQL, you have Fortex Algo that let's you code in C#, or JForex w/ Java, or better, AlgoTrader w/ C#, Python, Javascript/Node.js, MatLab or R and connects through 100s of brokers through EzeSoft, Trading Technologies, Currenex, PrimeXM, or Coinigy with broker adapters to Interactive Brokers, JPMorgan, UBS, FXCM, LMAX, Dukascopy, Nexus Prime, Fortex, SocGen.

    So, really there is no need for MQL and Metatrader EAs which is a painful environment and inefficient compute engine. With Python available, you get all the stats libraries you could dream of and TensorFlow to feed your data to whatever neural network or machine learning algo you choose. Try doing this in Metatrader, you'll go insane.

    And that's the difference between professionals and those who don't know what tools are available.
     
  5. outofphase

    outofphase Private

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    The fact they don't support MT4 is NOT a problem, it's a blessing. read my other recent post in this thread to understand why. MT4 is not and should not the platform of choice for anyone who wants to trade professionally. It's time you guys start understanding this and give your money to companies who actually do a better job than Metaquotes, and therefore support those brokers who actually have some sense in providing other platforms than MT4. Although that doesn't necessarily mean the execution quality is going to be there if the all the negative reviews I read about OANDA are true.
     
  6. AwangMalaysia

    AwangMalaysia Recruit

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    i like navitasmarkets.com
     
  7. armored.trader

    armored.trader Highly Suspicious Person

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    Hi,

    You have started an excellent thread. That is a question of many newbies and experienced traders.

    People should understand that brokers are the same as banks. I'm a high volume trader. I'd contact the broker before I start the account opening procedure. I tell them about my trading strategies and monthly volume and withdrawal frequencies. I'll make it sure that they are okay with my terms. I'd fill out the registration forms after I deemed it appropriate.

    I have to admit that I've heard many rejections or the broker did not fulfil their promises.

    Almost a year ago, I crossed to N1CM broker (www.n1cm.com), and I have found them cooperative, regulated and honest with customers.

    I suggest you contact them and see if they can understand your wishes.
     
  8. oportunis

    oportunis Private, 1st Class

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    Lol, a broker in some offshore island si BS... They can run away anytime, no regulation like ASIC or SEC or FINMA or FCA... You are such a BS, high volume trader would never go there. People will never risk millions on an offshore & poor regulated broker. Stop wasting time by promoting BS broker...
     
  9. armored.trader

    armored.trader Highly Suspicious Person

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    To general readers:

    FCA doesn't accept U.S citizens and so does the rest of EU regularities, and U.S.A has the biggest market. As far as I know, EU brokers can't offer leverage more than 1:30, and the leverage in license brokers can't exceed 1:10. However, an offshore broker offers high leverage which gives a better trading condition for high volume traders.

    All licencees ought to submit adequate documents, and fill our the AML/CTF forms, declare of assets and etc. If someone wants to disappear, it won't matter what type of license he/she has. Everything depends on the firm owner not the licencor.

    A broker earns 5 - 10 million dollars a year, however the broker asset froze for prudential in FCA B-Book module is 750,000 USD/GBP/EUR.

     
  10. oportunis

    oportunis Private, 1st Class

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    Again with BS. If you are a volume trader than retail limitations aren't for you. Every broker accepts accredited US citizens. You can have leverage 1:500 in EU if you're a pro... But no high volume uses more than 1:10 leverage so this means you are just retailer. For couple thousands you can trade offshore, you'll lose them eventually anyway... If you are a pro you will use custodian account, where all is on your name. Segregated accounts are a fairy tale...
     

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