Greetings fellow traders,
I would like to take this opportunity to first introduce myself, I am a recent grad of Architecture and Philosophy, who's always had an interest in the markets. I have just recently started reading/researching/practicing currency trading, and the last few days I have been focusing on finding a decent broker for when I am prepared to go live.
Now, I have come to the conclusion that I would like to try an ECN broker. My main criteria are that the company should not have a vested interest in me losing, ie not taking a position against mine. It only seems logical, hence I want to avoid market makers. Unfortunately, minimum deposit is also an issue, as I want to start out small and build my way up to larger sums, hopefully. No need to rush things and start out with a large deposit. So, I am starting to narrow it down to MB Trading ($400 min deposit, ECN) but even more so, London Capital Group and their Capital Forex Lite and Pro have caught my eye as a potentially good choice.
Has anyone had experience with London Capital? How long have you been with them for? Also, do you have difficulty withdrawing funds? And discrepancies between your orders and the actual executions?
Also, their websites are quite limited in information. Now I am sure that Capital Forex Pro is ECN, they use Currenex and the other 4 major ECN networks. But I have no information about their minimum deposits and other requirements. They seem to be geared more towards larger institutional clientele.
I was under the impression that Capital Forex Lite is also an ECN, although it doesn't explicitly say so. Then I came upon an online review site that has it listed as a Market Maker:
Compare Forex Broker | Comparison Table
Which one is true?
Please, if you have answers to my particular questions, go ahead and answer, but also feel free to share any other experiences you may have had. Thanks and happy trading everyone!
I would like to take this opportunity to first introduce myself, I am a recent grad of Architecture and Philosophy, who's always had an interest in the markets. I have just recently started reading/researching/practicing currency trading, and the last few days I have been focusing on finding a decent broker for when I am prepared to go live.
Now, I have come to the conclusion that I would like to try an ECN broker. My main criteria are that the company should not have a vested interest in me losing, ie not taking a position against mine. It only seems logical, hence I want to avoid market makers. Unfortunately, minimum deposit is also an issue, as I want to start out small and build my way up to larger sums, hopefully. No need to rush things and start out with a large deposit. So, I am starting to narrow it down to MB Trading ($400 min deposit, ECN) but even more so, London Capital Group and their Capital Forex Lite and Pro have caught my eye as a potentially good choice.
Has anyone had experience with London Capital? How long have you been with them for? Also, do you have difficulty withdrawing funds? And discrepancies between your orders and the actual executions?
Also, their websites are quite limited in information. Now I am sure that Capital Forex Pro is ECN, they use Currenex and the other 4 major ECN networks. But I have no information about their minimum deposits and other requirements. They seem to be geared more towards larger institutional clientele.
I was under the impression that Capital Forex Lite is also an ECN, although it doesn't explicitly say so. Then I came upon an online review site that has it listed as a Market Maker:
Compare Forex Broker | Comparison Table
Which one is true?
Please, if you have answers to my particular questions, go ahead and answer, but also feel free to share any other experiences you may have had. Thanks and happy trading everyone!
