FCA and US brokers also take their clients for a ride but make it in a more sophisticated ways. IMO we can trust only to experience so have to gain it more, not wasting time reading feedback, listening to complaints, etc.
Which broker to choose from metadrader
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FCA and US brokers also take their clients for a ride but make it in a more sophisticated ways. IMO we can trust only to experience so have to gain it more, not wasting time reading feedback, listening to complaints, etc.
dermotobrien
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I don't think regulations matters too much if you can recognize that you're not trading with a bucket shop prior to opening the account. Spreads matter, execution matters, withdrawals matter, support matters. Test with a smaller amount if you're not too confident in the broker and let them build your trust.
Alpari UK is shut now and it reminded me some bad memories, i hope that the traders could get their money back.
Pat494
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Still nothing !! The King Prawn slow lot are probably leaving it up to the cleaning staff or something.
Did you have account with them with money left there? I wonder any of their clients (non-uk) was able to get their money back?
Pat494
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Yes I had an account with Alpari (UK). Not of much value but you would think they ( KPMG ) would get on with it. Maybe they are pocketing the interest on the money ?
Did you get back your deposit? Or still waiting?
Pat494
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Still waiting. KPMG are really slow. Much too slow for an international company. I don't suppose they will even offer some interest. Maybe there is some authority to kick their backsides ??
What are deadlines for returning money to the clients in such bankruptcy processes? Have you read about that?
Pat494
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Good question. Anyone know ?
Hello. Currently there are many brokers in the market, so to be able to choose a best broker I would consider three factors which are services, software and price. These factors are very important in my decision to select broker transactions. I also traded through brokers like FxPro, FXCM, fxtm ... good software but they have extremely bad service, then I traded in some other broker but finally after some broker hands I selected substantially Teletrade. Perhaps it is less prestigious but its support services is the number 1, not including software and also stable. Although little-known but I found it really good if you want to participate in the transaction. This is just my own opinion, hope it helps you. Thank you
Teletrade is a Russian scam which lure traders posting recruiting adds like " analysts wanted" while forcing them to trade their accounts to prove their qualification. what are you talking about dude?
Name looks solid but research shows there is too little positive feedback on them. Maybe you can give it a try with 100-200$ but I wouldn't risk more to test waters.
Instead you can also consider established brokers like Tickmill, Hanseatic or Нotforex. They are best choice for CFD's and spot forex in my view.
Those are 3 brokers i would never choose :cheesy:
The reason i am interested in them is because their very solid brand/name and their very honest approach regarding their execution policy etc.
And i prefer brokers who do not directly take the other side of my trade, aka brokers who do not profit from my loss or lose from my wins.
PhillipCapital does take the other side of their clients trade but they neutralize their exposure by taking on another trade from the same size, in the other direction as mine with their liquidity providers.
So they are a so called market neutral broker
Those are 3 brokers i would never choose :cheesy:
The reason i am interested in them is because their very solid brand/name and their very honest approach regarding their execution policy etc.
And i prefer brokers who do not directly take the other side of my trade, aka brokers who do not profit from my loss or lose from my wins.
PhillipCapital does take the other side of their clients trade but they neutralize their exposure by taking on another trade from the same size, in the other direction as mine with their liquidity providers.
So they are a so called market neutral broker
Its called hybrid model broker. I have same type of execution with Нotforex and Tickmill as its the only way they can offer access to trading with such low trading costs.
A hybrid model is not the same as a market neutral model.