Best Forex Broker? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Best Forex Broker?
Updated: Views / Replies:5,032 / 34
Created: by Joseph689 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Best Forex Broker?

  #1 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: MetaTrader 4
Broker/Data: Interactive Brokers
Favorite Futures: Forex
 
Joseph689's Avatar
 
Posts: 121 since Sep 2012
Thanks: 113 given, 36 received

Best Forex Broker?

Hello everyone,

Since the Forex Broker landscape is ever changing, and the last thread here dates back to 2011 and 2012, I would like to ask the following. If you have been trading Forex for more then a year, and you're successful in your trading, please respond.

I'm looking for an broker that...

1. Doesn't trade against you or hunt for your Stops.

2. Doesn't freeze your account if you become too successful in your trading.

3. No hassle withdrawals.

4. Accepts US customers.

5. Has good and timely support.

Basically I'm looking for an ethical and honest Forex broker!

Thanks in advance.

Joseph

Note: Looking at ATCBrokers.com and MyFXChoice.com


Last edited by Joseph689; February 27th, 2015 at 03:20 PM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Erie,Pa
 
Futures Experience: Beginner
Platform: Ninja, Oanda
Broker/Data: Oanda-practice demo
Favorite Futures: GBP/AUD...wild ride
 
missionatsea's Avatar
 
Posts: 45 since Apr 2014
Thanks: 95 given, 34 received

Forex broker


Hey Joseph: In the same boat as you are searching for a broker that won't shut down a profitable trader. Just starting out trading but have done my due diligence twice over and it's old. Looking for cfds on top of currencies but the reality is not much options there. Tallinex claims to be a clean broker handing the trades as an ecn/stp no dealing desk. But the trade off is deposit/withdrawal fees and higher spreads. They do have silver and gold to compliment currencies and their desk was prompt in responding. Finland has been the latest to disqualify U.S. residents from participating. Talk about the almighty U.S. having their way of suffocating the way us individuals can invest living in OUR country. It truly is sad. Good luck and I'll check out the one's your looking at.

Peace,
Tim

Reply With Quote
The following user says Thank You to missionatsea for this post:
 
  #4 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: MetaTrader 4
Broker/Data: Interactive Brokers
Favorite Futures: Forex
 
Joseph689's Avatar
 
Posts: 121 since Sep 2012
Thanks: 113 given, 36 received

Hi Tim,

I was getting ready to pull the trigger on FinFX! They looked real good, until I found out as of January 30, 2015 they would stop offering its services to US clients.

Interesting article about it:
 
Code
https://leaprate.com/2015/01/finnish-regulations-prompt-finfx-to-stop-servicing-us-clients/
So far the 2 brokers mentioned on my first post are the best I've seen so far. As to Tallinex, (where all US costumers were dumped from finfx), I've see issues being reported by clients...excessive slippage, stop hunting and support issues as well.

Please keep us informed on your research findings, and I'll do the same.

Thanks for the response.

Joseph

Reply With Quote
 
  #5 (permalink)
Elite Member
Erie,Pa
 
Futures Experience: Beginner
Platform: Ninja, Oanda
Broker/Data: Oanda-practice demo
Favorite Futures: GBP/AUD...wild ride
 
missionatsea's Avatar
 
Posts: 45 since Apr 2014
Thanks: 95 given, 34 received

Brokers

Joseph,

The almighty U.S. is putting the hammer down. I had settled on Axitrade in Australia, but as of June last year, the American government told them all the money will stay in the pockets of the exchanges here at home. Love my country but fear it's government. Atc looks like a solid choice. I did read some comments where they are the IB broker for fxcm. They are too pricey for my pocket change and 2 1/2 times the margin on oil over a discount futures broker. Seems all the one stop shopping brokers are high in futures. Settling on Oanda to demo, then try some small trades and see where it goes. They do offer 74 pair which does add more markets for setups and do understand is an excellent learning curve broker. They will be after me money as they are a market maker. Heck, with the small unit lots they offer, won't get much. I'll continue to look, but I am afraid the options have dried up as our country pressures the world to do things the American way...greed. By the way, myfxchoice does not accept US residents...noted on the bottom of their home page. This is the beginning of a journey for me and hope the ride never ends. Stay in touch.

Cheers ,
Tim

Reply With Quote
The following user says Thank You to missionatsea for this post:
 
  #6 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: MetaTrader 4
Broker/Data: Interactive Brokers
Favorite Futures: Forex
 
Joseph689's Avatar
 
Posts: 121 since Sep 2012
Thanks: 113 given, 36 received

Well...I checked out a few other brokers, and NONE of them allow Ninja Trader, so I had to play around with MT4. I HATE MT4 and LOVE NT (multi broker/lifetime license), so the decision is easy, I MUST go with a broker that supports NT!!

So, with the above being said, at this moment I have 2 choices, stay with IB for my Forex trading, OR, go with FXCM!!

On the positive side; FXCM is well established, is listed, and has an active representative here at futures.io (formerly BMT). I think I'm going to give them a try.

Reply With Quote
 
  #7 (permalink)
Elite Member
Erie,Pa
 
Futures Experience: Beginner
Platform: Ninja, Oanda
Broker/Data: Oanda-practice demo
Favorite Futures: GBP/AUD...wild ride
 
missionatsea's Avatar
 
Posts: 45 since Apr 2014
Thanks: 95 given, 34 received

Oanda is simple simon...nothing to play with : ) . Actually that's ok with me, don't play around with indi's much. I was looking at mbtrading a bit...their options for trading platforms are many and also support ninja. Unfortunately, they don't seem to offer demo on their proprietary software, and their customer service goes home after hours. Interesting fee schedule to boot.
Give fxcm a try...it's the only way to find out. If your profitable, you may have to find another anyway. This forex is quite the inside game from all the stories out there to ponder. Really wonder if even half are true.

Tim

Reply With Quote
The following user says Thank You to missionatsea for this post:
 
  #8 (permalink)
Elite Member
asheville north carolina USA
 
Futures Experience: Beginner
Platform: ATC trader (OEC white label)
Broker/Data: ATC
Favorite Futures: futures
 
bourgeois pig's Avatar
 
Posts: 312 since Sep 2014
Thanks: 765 given, 271 received


Joseph689 View Post
Hello everyone,

Since the Forex Broker landscape is ever changing, and the last thread here dates back to 2011 and 2012, I would like to ask the following. If you have been trading Forex for more then a year, and you're successful in your trading, please respond.

I'm looking for an broker that...

1. Doesn't trade against you or hunt for your Stops.

2. Doesn't freeze your account if you become too successful in your trading.

3. No hassle withdrawals.

4. Accepts US customers.

5. Has good and timely support.

Basically I'm looking for an ethical and honest Forex broker!

Thanks in advance.

Joseph

Note: Looking at ATCBrokers.com and MyFXChoice.com

I'm not a successful FOREX trader but i have been trading futures with ATC brokers. I have no issues with them. They always answer the phone when I call with a question. My impression; a majority of their buisness is FOREX.
I read a relly good book "Getting Started in Currency Trading" by Michael Duane Archer and they were first on his list. I went to his website and emailed him an inquiry about them and he got back to me in like 10 minutes and spoke very highly of them. When chatting with Robert at ATC I thought him professional and personable. From our conversation I realized that they were all about the FOREX. They are a no dealing desk with numerous liquidity providers and they advertise the lowest spreads. I would grill them with all of your questions if you haven't already. Also lookup Archer and see if you think he is legit....I do....but don't take my word for it.

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
Reply With Quote
The following 2 users say Thank You to bourgeois pig for this post:
 
  #9 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: MetaTrader 4
Broker/Data: Interactive Brokers
Favorite Futures: Forex
 
Joseph689's Avatar
 
Posts: 121 since Sep 2012
Thanks: 113 given, 36 received

@ bourgeois
I appreciate your reply and your feedback.
FPA has ATCBrokers at 4.5/5 stars for customer satisfaction. They were actually my first choice, got busy looking at others I forgot them totally. I'm getting mixed info on whether they support Ninja Trader or not. I'll check them out again.
I checked out your mentioned book, "Getting Started in Currency Trading", looks interesting. I actually just ordered it on Amazon. Thank you!!
Thanks again, bourgeois!!

Reply With Quote
The following user says Thank You to Joseph689 for this post:
 
  #10 (permalink)
Elite Member
asheville north carolina USA
 
Futures Experience: Beginner
Platform: ATC trader (OEC white label)
Broker/Data: ATC
Favorite Futures: futures
 
bourgeois pig's Avatar
 
Posts: 312 since Sep 2014
Thanks: 765 given, 271 received



Joseph689 View Post
@ bourgeois
I appreciate your reply and your feedback.
FPA has ATCBrokers at 4.5/5 stars for customer satisfaction. They were actually my first choice, got busy looking at others I forgot them totally. I'm getting mixed info on whether they support Ninja Trader or not. I'll check them out again.
I checked out your mentioned book, "Getting Started in Currency Trading", looks interesting. I actually just ordered it on Amazon. Thank you!!
Thanks again, bourgeois!!

They're platform offerings are much more robust for FX than for futures. I would actually suggest looking elswhere for a futures trading broker. I did not realize that Ninja was popular amongst FX traders. One platform they do offer that I think looks really nice is MOTIVEWAVE. I think ATC's standard comes for free is MT4.

That book is really good for explaining the innards of FX. Also look up Kathy Lien. She has several really good books about FX.
Good luck!

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
Reply With Quote
The following user says Thank You to bourgeois pig for this post:

Reply



futures io > > > > Best Forex Broker?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
FOREX.COM broker feedback bottrader Reviews of Brokers and Data Feeds 10 September 7th, 2013 04:59 AM
What Broker and Platform for spot forex. Lawrencejude Currency Futures 5 December 30th, 2012 09:16 AM
Best Forex broker for news trading? Jamicon Reviews of Brokers and Data Feeds 16 May 3rd, 2011 10:23 AM
Forex Commission Based Broker vinceb Reviews of Brokers and Data Feeds 10 October 26th, 2010 08:50 AM


All times are GMT -4. The time now is 10:14 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-19 in 0.15 seconds with 19 queries on phoenix via your IP 54.81.195.240