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alhamid said: "anyone know the best forex broker?"
fxinvestor said: "It depend on your requirement. Some broker may be good for you but not for others.
As a forex beginner, I found Marketiva quite useful. May be you can sign up a free trading account with them to try them up."
AlfredSokol said: "It looks like you can open a Forex account with around $500. I wonder if that's enough to make money with."
abigail430 said: "[QUOTE=alhamid]anyone know the best forex broker?[/QUOTE]
well, i know one that cuts out the middle man. you should try them out. They are called Global Forex Now."
Trader/God said: "[QUOTE=abigail430]well, i know one that cuts out the middle man. you should try them out. They are called Global Forex Now.[/QUOTE]
Cut out the middle man? This isn't Walmart, here is what happens when you cut out the "middle man" when you trade retail FX.
Because all the spreads are based on interbank feed plus a pip or two added on for the broker they can't possibly make enough money on the spread alone to survive. So not only WILL they run your stops but the service you get will be horriffic as well. No broker who makes makes a market in that manner is going to have 24 hour support or a dealing desk. Meaning when your system goes down (or when theirs does) you are dead in the water. Call a real broker 24 hours a day and you will be able to get a trading desk/support on the phone. \
Another one of the benefits of have a good market maker (or middle man) is someone is accountable for your trade. Lets say your stop wasn't executed even though the market traded through your price, a reputable firm will have an audit process, if you trader with a firm who just tacks on a fee to an interbank feed they'll tell you "tough". A middle man can also smooth out prices in the market, so if the interbank is trading 6 pips on GBP/USD your market maker will keep it at 5 on your platform. If you'll be paying up to 7 (or when they stop feeding prices on interbank during NFP you won't get any feed at all) on the type of platfrom you described.
For 95% of traders having a market maker involved in the process is a good thing
Trader/God"
snotragscott said: "[QUOTE=alhamid]anyone know the best forex broker?[/QUOTE]
The best broker I've found in two years of testing them is Scott Financial. For those of you who like myself who don't have a lot of spare time to trade and do research I would recommend them. They have shown me a profit six months running and the customer service has been outstanding. They clear through GAIN which provides good liquidity and only charge a pip per side on the trades. My wife is happy because I'm able to pay more attention to her than the market for a change."
devanium said: "I use FXCM personally, and I've never had a problem with slippage or anything like that."
specialest said: "[QUOTE=alhamid]anyone know the best forex broker?[/QUOTE]
the best broker for me marketiva that's why cause they have all tips you need it to trade easy . they have familiar platform .low spereads ,agreat support live chat 24 hrs . and more as you need you will find so i thinks marketiva is the best for the nwebie trader try it and im sure it'll be te best for you"
HappyHarry said: "Their website looks like complete crap."
tamer said: "[QUOTE=alhamid]anyone know the best forex broker?[/QUOTE]
till now i didnt see like marketiva. all traders wants THEY WILL FIND WITH IT .the best platform , the lowest sperades ; the great support team . and so more.....realy im so happy with them and there trading and ear well with them.try them and tell me ..."
sa_trader said: "[QUOTE=HappyHarry]Their website looks like complete crap.[/QUOTE]
Would you care to share why ?
Actually i think their website looks very professional and contains exactly all the information I need. They only show forex quotes on their homepage, but oh well... who needs them anyway if I can see them from inside the trading platform.
sa_trader"