Thread: Best FOREX broker?

I have changed 3 brokers and none of them seemed to work for me.
I came across an article by jordan knight titled 'why your trading is doomed'. After getting hold of his money management advise, almost all of my strategies had profits. My USD100 in oanda never went below 95 and now it is at 128 by using 3 different strategies for past 3 months that previously wiped off my account. Every trader must read that article!

PS The article has nothing to do with brokers, nor it endorses any broker, just education/enlightenment

There are a few well capitalized, NFA registered brokers out there...it's a shame that it's so difficult for traders on the retail market to find them

I personally like the MT4 platform, and I know that it's likely to be the industry standard in the next year or so. That being said, FXDD and GAIN capital are two that I am currently using and have no problems with whatsoever thus far.

I also use an IB which gives me a trade rebate of about $4 per trade...any daytrader knows how much that adds up at the end of the month

Stop your loss & double your confident through this blog
Learn how to forex first.

Originally Posted by forexbabe

I always heard about this as well.. and often read in other forums most especially to those starters who just jump into forex without any proper education.. I just don't know if it fits to other traders..

But very important thing is - do not trade with marketmakers.They are trading against you. And you will never win them.

I agree with avlovich25, I would not recommend Easy Forex. You will see them ALL OVER the internet because they have a very profitable affiliate program, but as avlovich25 said, their spreads can be very high. DukasCopy I think is a very good choice if you have the money to meet their minimum for opening an account.

I am working on a new web project in which the goal is to create the most comprehensive set of forex broker reviews on the web. It is a "work in progress" but we just finished our initial broker ratings (not yet posted on the web site) which were done by collecting individual broker ratings from several sites across the Internet and combining them. Here's the top ten right now of those that have at least 20 individual ratings based on a rating from 1 to 10.

1. aleccohFx (9.33) www.aleccohfx.com
2. Dukascopy Swiss FX (8.69) www.dukascopy.com
3. EFX Group (8.52) www.efxgroup.com
4. Delta Stock (8.49) www.deltastock.com
5. HotSpot Fx (8.02) www.hotspotfx.com
6. FINEX Group (8.01) www.finex.com
7. Windsor Brokers, Ltd. (7.97) www.windsorbrokers.biz
8. MB Trading (7.71) www.mbtrading.com
9. Questrade Inc. (7.67) www.questrade.com
10. Alpari IDC (7.66) www.alpari-idc.com

I'd be interested to hear from anyone who disagrees with me that these are good online forex brokers. A link to the site is below. Like I said it is not yet complete.

Online Forex Brokers - Reviews, Ratings, Lists & Comparisons

I am using https://forex-metal.com Have been trading with them for over a year, never got any problem.

the bestt online brokers will monitor your positions for you and will keep you updated with market developments

Simply said, you would need a strategy for all your strategies to make your trading work, and your broker would not disagree with you. Make any strategy work magic, even losing ones with this magic formula and never bother about your broker when it comes to stop loss hunting. it's all in the code...

http://thecode.thefxcode.com

From my experiences in the markets for 5 years now there is no such thing as "The best broker" They all want your money and they won't stop at anything to get it, but these are some of the things I look for in a broker

*Low spreads especially during volatile news broadcasts
*Transparency
*Easy to use platform
*Instant execution of trades

Hope this helps

Just go to www.daily forex.com ,a comprehensive website that tell you all you need to know about the forex market..

Originally Posted by drevil5000

Hi everyone

I have been trading forex for a while and was wondering which broker was the best. I have used a few and they seemed OK. But I've heard that some manipulate the prices you see and so could be more risky.

Has anyone used easy-forex, from their site they seem fine. I have the link here: http://www.easy-forex.com/Gateway.aspx?gid=56024 so everyone can have a look and give their opinion.