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Thread: Looking for an honest Broker

      
  1. #1
    I Don't Post Much
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    Default Looking for an honest Broker

    Hi,

    I am currently trading with several brokers. However, I couldn't find a Broker that will offer me the following

    -STP/ECN (no dealing desk)
    -No minimum deposit requirement
    -Regulated
    -Accept all trading strategies
    -Tight spreads
    -No commission
    -No hidden charges

    I know that there are plenty of Brokers out there who claimed to offer the above, but when you actually open a live account with them you will notice that they have some sort of restrictions.
    I noticed on STP Brokers sometimes that the prices are smoothing and I cannot easily scalp or the level of slippage in my orders sometimes is even bigger than the highest/lowest price of the candle.
    In addition, there are some Brokers who claimed that they offer an ECN accounts but there is a minimum deposit of $10,000. What is the point of restricting your clients for a minimum deposit? If is suppose to be an ECN. then the profit for should only come from the commissions charged on the trades or the spread (mark up). This basically means that they also operate as Market Makers.

  2. #2
    I Don't Post Much dimas's Avatar
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    Default Re: Looking for an honest Broker

    Guys,,, I've trade in forex world and have been making hundreds dollar in some brokers such as Lite Forex, FXCM,OANDA, ETC...
    Currently, I'm still trading in lite forex because they are very very honest, never against us to make profit,and very reliable broker....
    There are so many trading instruments, zero spread, low deposit, many bonuses, and many others...

  3. #3
    My Pip Hand Is Weak ddeeen's Avatar
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    Default Re: Looking for an honest Broker

    I've been trading with lite forex broker since 2009. i like this broker because they have many promotions and bonuses for all clients..
    as well i also like their rebate programs and their stable server..
    They also very fair broker i have ever met before....

  4. #4
    Show Me The Money!
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    Default Re: Looking for an honest Broker

    I'm trading with HotForex for about 10 months and they are very honest. They also offer eWallet to transfer money between trading accounts. Good spread, high leverage, various kind of account to, fast payment. Worth for a look?

  5. #5
    Pips Are My Game
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    Default Re: Looking for an honest Broker

    hotforex has a min deposit though, 5 dollars for non europe traders, and 50 dollars for traders in europe andregulated by both the FSC and CySec might give them a shot but i suggest starting with low amounts just to test the broker, this goes with any other broker you might try.

  6. #6
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    Default Re: Looking for an honest Broker

    Quote Originally Posted by noynoy View Post
    hotforex has a min deposit though, 5 dollars for non europe traders, and 50 dollars for traders in europe andregulated by both the FSC and CySec might give them a shot but i suggest starting with low amounts just to test the broker, this goes with any other broker you might try.
    I'm Asian so $5 is not a big deal .

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