1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Join our $5,000 Cash Giveaway!

    Win Cash by Posting and Inviting New Members!
  3. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice

Forex Trusted STP Brokers

Discussion in 'Forex Forum' started by xtreamforex, Feb 12, 2019.

  1. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Hi,
    My name is Anu
    I am officially representative of Xtreamforex
    XtreamForex is a forex broker, Member of Grandinvesting Group
    Incorporated in MIS
    Registration number 84516 IBC 2016
    Company number: 84516
    If you have any question regarding this broker about the services and promotion feel free to ask me here. i will be happy to assist you.

    Regards
    Anu
     
  2. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Meaning of STP Forex Broker

    There are different types of Forex companies. To be more specific there are two. A Market Maker, and an STP Broker. The 'type' refers to the method with which a company executes its orders and provides its prices.

    An STP broker stands for Straight Through Processing. Forex companies which operate as STP brokers execute their orders without a dealing desk or third party intervention, which means information that has been electronically entered to be transferred from one party to another is not manually re-entered repeatedly over the entire sequence of events.

    When an STP broker receives a client's order, the order automatically gets passed to the liquidity provider with whom the Forex broker is working. The liquidity provider is a financial institution such as bank or a hedge fund and in some cases any company which is licensed to be a liquidity provider. Some Forex brokers have several liquidity providers, and that means they can offer better services. A lot of STP brokers will use Banks which trade on the Interbank market as their liquidity providers. The Interbank market is the top level Forex market where banks exchange different currencies.

    The fact that there is no dealing desk intervention assures that there will be no delays in the execution of orders, and no re-quotes will be sent to clients, and that is a big advantage for traders because it means they will be receiving real time prices, and be able to trade during the release of financial news without restrictions.
     
  3. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Advantages and Disadvantages of Automated Trading Robots

    If you were an avid trader and you knew there is a way to keep your trading working even when you can’t be there, and be promised maximum returns without having to pay a fee wouldn’t you take it?

    That option is and has been available since the late 90s at the dawn of online trading. Automated trading robots are programs which algorithmically make trading decisions based on preset aspects of orders like time, price, quality etc. There are different types of trading robots, but they are all based on the same theory, and perform the same functions.

    A trader carefully puts their trading essence into the program as they customizes its strategy and the aspects based on which it will react, turning it into a representation of their own mind and trading style. The only difference is that the trader will not be monitoring the system around the clock, and therefore is stripped of the ability to intervene in the occurrence that conditions do not comply with the usual strategy the trader follows.

    The best advantage of trading robots is the emotionless method of performing trades. Emotions such as anger, stress, fear and greed are a trader’s worst enemy, and even the best trader cannot be completely untouched by all the factors which induce these emotions. A trading system will simply follow the strategy and act accurately and responsibly without any last minutes changes, which is why it can turn out to be profitable and helpful. That exact same reason; lack of last minuet changes, is why you may wake up with a hollow account.

    As ‘smart’ as these systems can be created, they will never have the human factor, of reacting to unpredicted situations, which they have not been preprogrammed to react to.

    Technical issues of course are another big factor behind the many failure stories shared by traders. A lag of information update, receiving the wrong data or something as trivial as an electricity cut while your positions are opened can lead to great losses.

    Admittedly these programs are used by big investment companies, and by asset management programs. Though still prone to error, they are backed up and monitored in ways which are very hard to achieve at home.

    Home versions of trading robots are very susceptible to fraud and Forex scam and cannot always be trusted. They can also prove to be much more expensive than you’d imagine. The cost of the program itself can be affordable but the security systems which need to be installed with it; in addition to the data back-up systems which are require can all together be costly.

    At the end of the day trading in Forex is a risk all in its self, you can test the programs through demo accounts and see for yourself, although it’s good to note that even the best Trading Systems have had complains and while companies may take responsibility it is not always the case that you will be reimbursed.

    Automated trading robots have their advantages and disadvantages. What you will focus on is your choice.
     
  4. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    • Violation of Rule #3: No Selling, Advertising, or Promoting
    XtreamForex – Payment Methods

    At XtreamForex payment methods is fast, reliable and easy!

    XtreamForex has developed a custom made payment methods interface in member area to make account funding and payments simple and hassle-free using our pioneering sample portal, a single interface for all of your needs.

    Payment and funding authorization are fully automatic, XtreamForex portal allows deposits and withdrawals using a simple interface.

    XtreamForex offers its clients a wide variety of local and international payment options. Choose the payment option that most suits you in XtreamForex!!!
     
  5. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Making a Profitable Business in the Forex Market

    For many people trading may be something small they do on the side, and do not take really seriously but for some trading can become their main source of income, or at least a big part of it and that is when Forex trading can become a Forex Business.

    Like any other business you need to calculate and manage your costs. In Forex the costs are the losses you are likely to suffer through your trades, the commission you will pay to the broker through the spread – or separately – your basic equipment which is a computer and internet access.

    Losing trades may seem like a cost you can avoid but they are not, no matter how good of a trader you are and how much money you are making, you are always going to have some losing trades, and it will be your biggest cost as a trader. So your plan should be to make sure your revenue can offset your cost enough for you to make a profit.

    You need to always make sure that over all you have successful trades making enough profits to cover the losing ones, over all costs and leave a profit, otherwise it is completely useless to trade, and you will be spending more than you are making.

    You can do that by making goals for your trading journey and always aim at reaching them. You goals should be to reach a very high percentage of winnings opposed to the percentage of losing or the winning trades need to be larger than your losing trades to balance it off. This is what is referred to as the risk reward ration. For example your risk reward ration can be set at 1:2 for every trade, meaning 35 to 40 percent of the times your trade have to right. Most successful traders win between 40-60% of the time however their wins are substantially bigger than their losses and therefore make up for the imbalance.

    So in essence you can be wrong more than you are right and still make a big profit.

    It takes a lot more skills and tactics to have a Forex business of course, and you cannot find out about all of them through one article but over time you can learn to manage your trading well enough to make a good business out of it.
     
  6. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Forex Tips

    Forex trading takes more than just learning and skills but it takes confidence and belief. It is very easy to be discouraged by fails and hard times and stress and give up. Of course we do not want to deny that there is a time when for some people the best choice is to quit, but in many cases it is important to try and fight for what you believe in.

    Having confidence in your Forex trading is a package with having confidence in yourself in general. You need to believe that you can achieve what you think you can. Most successful people – not just traders – in the history of the world believed in their own power of visualization. Meaning they wanted to get somewhere and they did one way or another never really giving up hope. Forex trading most definitely requires never losing hope and pushing to get where you want because it is not an easy or fast process.

    You need to believe that you are a successful trader and act as such. This is not to encourage fake over confidence – because it can be harmful – but encourage healthy confidence in your abilities and your skills. If you tell yourself that you are not a good trader and you believe it then your whole outlook will be negative and it will make it harder for you to have the confidence to make the right choices. Hesitating during trading and questioning yourself will only lead to loss.

    Aside from being confident in yourself, you need to be confident in your plan, because your trading plan is your main guide and if you don’t trust it enough to always stick to it then you’re in trouble. Of course there are stages where you will go back to the plan and adjust it and make it better, but that happens when you are reviewing your trades, not while you are executing them. During trading you need to have 100% confidence in your plan and strategy and follow them.

    Next to your trading plan you should have a risk management plan, and one which you believe is and will continue to work well. Once again it takes some time before you get the right plan, but when you do you have to trust the plan and follow it in order to keep managing your risks and money right.

    Last but most definitely not least always keep a trading journal; it is your way of crafting and perfecting your plan.
     
  7. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Most Volatile Currency Pairs of 2019

    [​IMG]


    Want to start Forex Trading but don’t know which forex pairs you need to focus for profit? Nobody can give this answer correctly as it depends upon the trader’s knowledge about that currency pair and the volatility of currency pairs. You need to take the time to analyze different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account.

    What Volatility Refers to?
    Volatility is a term used to indicate the change in trading price of pairs in a specific period of time. Greater the scope of price variation, greater volatility is considered to be there. The volatility of a pair is measured by calculating the standard movement away of its returns. The standard difference is a measure of how widely values are dispersed from the average value (the mean).

    The importance of volatility for traders
    Being aware of a trading product's volatility is important for every trader, as different levels of volatility are better suited to certain tricks and psychologies. For example, a Forex trader looking to progressively develop his funds without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the superior price differentials that volatile pair offers.

    What affects the volatility of currency pairs?
    Currency pairs are affected by following factors or events:

    · Economic or Market Related Events
    · Change in Interest Rate of a Country
    · Drop in Commodity Prices

    The degree of volatility is generated by different aspects of the paired currencies and their economies. Moreover drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank - such as Bitcoin and other cryptocurrencies - will be more volatile since they are inherently speculative.

    According to the chart we come to the point that GBP/NZD is the most volatile currency pair of 2019.
     

  8. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Forex Indicators

    Forex Indicators also known as Expert Advisors (EAs) are tools used by traders on the trading platform to help them make better trading decisions, by using certain methods and strategies which predict the future movements of prices. Most Forex platforms allow the use of EAs although in some few cases they may not be allowed, so it is always preferable to check.

    These tools can be found on the platform and traders can choose which are the best to use for each trade. Some traders prefer one tool over the other, some like combining several methods. There are many Forex Indicators and EAs, here are two of the most popular ones;

    The Profit Taking Tool
    As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits. In this case the three day relative index can also be used to help the trader determine what the likely odds are. Another method is the known Bollinger Bands, which adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading ‘bands’.

    Another method is the trailing stop, which gives the potential of the trade to let profits run without staying open too late and losing money.

    Trend Confirmation Tool
    The trend confirmation tool is usually used as a backup for the trend following tool. It helps reassure whether the current trend following indicator is correct or not. It gives its own results and if both Trend following and trend confirmation tool results match then the trader can be reassured.

    Overall Forex Indicators, Expert Advisors and trade assisting tools are many, and they can each be used in many different ways, through many different method, for many different reasons, which is why it is advised to further explore Forex indicators, they can and will make your trades easier and more successful eventually helping you become a better trader.
     
  9. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    What are Forex Signals

    Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them.

    Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk.

    Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services.

    If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated.

    It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.
     
  10. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    What is a Bull Market?

    Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies.

    The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction.

    What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive.

    This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments.

    A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive.

    It is hard for investors to suddenly lose interest in a bull market, unless a general rumour is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish.

    Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.
     
  11. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Advantages and Requirements of the MT4 Forex Trading Platform

    Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading.

    The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier.

    Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so.

    The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors.

    The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.
     
  12. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Currency and Commodity Trading Correlation

    Online trading is the biggest industry of today’s world. Forex trading alone moves trillions of dollars daily affecting whole economies. To trade Forex traders open an account with a Forex company and trade on currency pairs, but all Forex companies don’t only offer currencies for trading, almost all companies also offer commodities.

    Commodities have been trading in one form or another since the beginning of civilization. Commodities are pretty much anything which can be delivered from point A to point B, and exists on an exchange.

    Commodities are bought with currencies in the physical world, but through online trading they are treated the same as currencies, with bets being placed on their movements through Forex, Binary Options and stock exchange futures.

    What some people may not pay attention to is the heavy affect each has on the other. Currencies are very heavily tied with commodities and the other way around. The Canadian dollar for example is directly correlated to oil prices due to exporting oil, so is the Japanese yen because Japan imports oil.

    The Australian dollar and New Zealand dollar not only affect each other, but they are both correlated to gold and oil prices.

    Unexpected changes in the ties between currencies and commodities can have a huge impact on traders who trade based on these relations.

    For online traders there isn’t a huge difference between commodities and currencies, they all represent a virtual product around which trades take place.

    If you are a beginner in Forex and don’t know how to trade like a pro then Join cutting-edge Copy Trading Programme with Best Forex Broker and match up with a suitable trader. Let them trade while you watch your potential profits grow.
     
  13. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Dealing with Forex Customer Support

    The mediator between you and your Forex account is your account manager, and the company's customer support team, here are insider tips on how to deal with customer support while trading with a company for an easy and pleasant process.

    Opening an Account

    When you first decide to open an account with a company, it is your chance to ask about the company and get to know it. The person you will be contacting is getting paid to introduce you to the company and make you feel comfortable. You should feel free to ask anything you need to call at any time and expect your questions answered. You should not feel guilty or uncomfortable for ''bothering'' the good people at the company for it is their job to help you.

    You in turn should also be honest and helpful. If you are asked to provide documents you should make sure you have provided your documents before expecting your account to be open, and if the company specifies that it takes 24 or 48 hours for a procedure to take place, then you should be patient and not call to ask if something is done when the specified time hasn't passed, and lastly and most importantly if you decide that you do not wish to trade with the company after all then be honest and inform the person you are speaking with that you are no longer interested so they can stop bothering you and focus on other clients.

    During Trading

    When you have become a client of the company it is good to establish a friendly and comfortable relationship with your account manager. They want to be comfortable talking with you when any changes happen, or with advice and you want to feel comfortable reaching out to them when you need them, so it always helps to be friendly and nice but also stick to business talk during phone calls keeping in mind that your account manager is probably very busy with many clients and even if they'd like to have a chat with you they can't afford the time.

    What not to ask

    Although you should feel free to ask any questions to your account manager just remember that it is not their job to teach you Forex trading or any form of trading. If you are a complete new comer you can ask them to refer you to Forex education programs that the company or other web sites may offer.

    Also remember that your account manager is by law not allowed to give you trading advice. If he/she does that they are liable to being sued if they give you the wrong advice and you lose your trade. Unless your account manager is licensed by a Forex regulatory authority to give trading advice then you cannot expect them to give you any.

    Closing an Account

    Whether you've been trading for a week or a year with a company if you get to the point where you've chosen to close down your account, you should be straight forward and inform your account manager. If you try to go around it you will have to face the worry of receiving another phone call asking if you will deposit, and your account manager will waste a lot of time trying to reach out to you believing you will eventually deposit.

    Connect with XtreamForex and make your Trading strong. Our whole committed to provide superior Forex trading services with excellent results. For more detail Visit here: https://xtreamforex.com
     
  14. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Forex Hedging

    When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging.

    Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair.

    While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit.

    Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right.

    When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position.

    There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary.

    Some brokers do not allow direct hedging.

    About XtreamForex

    XtreamForex is one of the most reputable Forex and commodity Broker Company. XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.
     

  15. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    Forex Scalping

    Traders use many different forms of trading which they feel the most comfortable at, and help them make the best profits they can. Each trader depending on their strong points can find themselves working better and earning more when using a the method which suits them best.

    Scalping is a well-known and commonly used form of trading which suits trader who wants to make large numbers of trades earning small profits each time. This happens by opening a trade, buying a currency pair, and closing it as soon as the smallest profit is made – usually between 3 to five minutes - completely evading risk even if the profit is too small to make a difference.

    The main base of scalping is to make a lot of trades daily – can be up to over a hundred a day – and aim on never losing any money through those trades, but steadily keeps making small profit among small profit slowly building up a larger account.

    The downside of scalping is that it requires large amounts of deposit, to be able to handle the amount of leverage which must be taken to make the short and small trades worthy. It also demands a lot more attention, as none of the positions can be losses, otherwise the other small trades will be imbalanced by losses and therefore become entirely useless. It takes clear and attentive concentration skills to achieve that.

    Of course needless to say, Scalping is time consuming, and would take a trader who can commit to trading for hours on a daily basis in order to keep building up from the small profits made with each trade, therefore it would be very hard to keep up as a scalper if one is not already a full time trader.

    Based on all these facts it makes sense to say that scalping is not for everybody. It is mainly popular due to the fact that it is technically risk free, because even when a loss is made it is small, and over time it depends on no losses being made, but no big profits either. A constant scalper would choose a safely earned small amount over the risk of a great profit opportunity.

    An important aspect of scalping is to always keep consistency in trade sizes, if a trader uses erratic trade sizes while scalping; they are bound to lose a lot of money. If random sizes are chosen it is most likely that an oversized, leveraged loss will erase all the profits of a day’s work, defeating the whole principle of scalping. All trade sizes must be the same, making the amount of losses and gains equal, therefore keeping the trading strategy balanced.

    It is also important to mention that scalping is a popular method to be applied on automated trading programs, due to the fact that it is time consuming and needs very specific and accurate decisions which can be very easily effected by emotions like excitement or greed.

    The way programs work is by trades being placed through the trading day and the system is based on a set of signals derived from technical analysis charting tools that create a buy or sell decision, at the points which the trader has programmed to indicate the right buy or sell conditions.

    Many people find scalping through programs effective and doable, because it does not require their immediate presence, or their constant attention.

    Over all, to become a good scalper, attention, concentration and time are needed, with a lot of practice, and having the intuition to pull out at the right time, even when the profits are too small to seem worthy.

    Read more: https://www.xtreamforex.com/
     
  16. xtreamforex

    xtreamforex Member

    Joined:
    Jan 3, 2019
    Likes:
    1
    Location:
    Cyprus,nicosia
    $25 No Deposit Trading Bonus
    [​IMG]


    Do you want to start forex trading without any initial investment?

    XtreamForex offers No Deposit Bonus of $25 – the easiest way to start in Forex. Trade without depositing and grow your portfolio. If you are a beginner, this bonus is a great opportunity for you to try out your skills and find out more about trading.

    Free No Deposit Trading Bonus

    Joining Link: https://my.xtreamforex.com/no_deposit_bonus

    Bonus size: $25

    Maximum amount of bonus: $25

    Ending Date: Available for Limited Time only.


    Offer is Applicable: Only for Sri Lanka Clients.


    How to Apply:

    · Register an account

    · Make your account verified with documents.

    · Get $25 bonus

    Bonus Cash Out: Bonus is withdrawn able with under the terms and conditions.

    Each Client receives this bonus only once.
     
  17. Elijah Marks

    Elijah Marks Member Founding Member

    Joined:
    Jan 1, 2015
    Likes:
    8
    Occupation:
    Risk Manager
    Location:
    Chicago IL
    you guys sadly look like scammers.
     
  18. Elijah Marks

    Elijah Marks Member Founding Member

    Joined:
    Jan 1, 2015
    Likes:
    8
    Occupation:
    Risk Manager
    Location:
    Chicago IL
    its great when a broker represents *(defends & toots their own horn)* themselves in a forum, Great but & so does anyone here have any live experience with this broker?> The KYC is crazy for starters, and @FPA, it appears that half of their reviews are one star, major complaint = after winning money, broker wont send monies due and just ignores the client and disables account.
     
  19. Jenny Bane

    Jenny Bane Member

    Joined:
    Jan 26, 2020
    Likes:
    1
    Location:
    Bangladesh
    Choosing a good broker is not an easy task in this market. There are so many scam or fake brokers in the forex market. If you are new in this market, you should choose that kind of broker who can teach you all the basics of forex like low spreads, high leverage and many more things. I am trading with [removed]. I choose them because they give me low spreads which is 0.01 pips. Their leverage is higher than many other brokers in the market. You can also try their demo account to know about their trading style. They have 56 pairs of FX. Overall, I like them for their all facilities and easy trading method.
     
  20. Elijah Marks

    Elijah Marks Member Founding Member

    Joined:
    Jan 1, 2015
    Likes:
    8
    Occupation:
    Risk Manager
    Location:
    Chicago IL
    Yes and there really is only one broker for Accountability and Transparency that will upon
    request, show a trade receipt detailing which Liquidity Provider priced (took_the_other_side-of) your trade.
    https://www.globalprime.com.au/about/why-choose-global-prime
    This is the only verifiable true "A BOOK" broker. Sadly the rest of them are all "B BOOK" which means the broker actually has a conflict of interests in that they are taking the other side of your trade which means when you lose money, they 100% win that money all of it, plus the commissions and spread. Global Prime does not act as the counterparty to your trades, so that's why I trade at Global Prime. :D

    if your broker is taking the other side of your trades, you may as well just give them all your money, right off.

    all the us brokers are all RFED's:
    Retail Foreign Exchange Dealer (RFED) Registration
    A retail foreign exchange dealer (RFED) is an entity that acts, or offers to act, as a counterparty to an off-exchange foreign currency transaction with a person who is not an eligible contract participant and the transaction is either:

    • a futures contract, an option on a futures contract or an option contract (except options traded on a securities exchange); or
    • offered or entered into, on a leveraged or margined basis, or financed by the offeror, counterparty or person acting in concert with the offeror or counterparty on a similar basis.
     

Share This Page