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BEST FOREX BROKER
fxtech
#1 Posted : Friday, February 25, 2011 8:52:38 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
To all the forex traders, whom would you rate as the best forex broker and why?
Discipline & sticking to your strategy even when you loosing defines great traders.
ProverB
#2 Posted : Friday, February 25, 2011 9:51:35 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
fxtech wrote:
To all the forex traders, whom would you rate as the best forex broker and why?


Dude..with ur grasp of forex..i thought you are the one meant to have the answers?

Marketiva's where i started.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Ceinz
#3 Posted : Friday, February 25, 2011 9:55:27 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
This is a hard one. First and foremost I dont believe there is any thing like 'best forex broker'. Ideally, what one should look for in a forex broker is how well the broker suit his needs, for instance a scalper would prefer a broker with very little spreads, a trader who trades during times of high volatility or who generally leaves a trade open for say a week, month etc will prefer a broker that guarantees stops. Other peculiarities of a broker can be observed when one trades with more than one broker e.g. a broker who is more prone to stop hunting.

Of great importance when choosing a broker is that the broker must be regulated. CFTC and NFA for an American company and FSA for a UK Company (Many Kenyans are likeable to .uk firms)

That said here goes my list
1. ACM (A Switzerland company, I hear that they guarantee stops. But are stringent on ua country of resident, they called me and told me that I cant open an a/c with them since I reside in Kenya)
2. FXCM (They are highly competitive, offer wide range of tradeables including stock indeces, They are listed in the NYSE)
3. Forex.com (My live account is with them, so far so good)

(Note: The above list is biased coz I dont have enough experience with other firms)

Others
4.Oanda (Ranked the best in the world according to polls)
5. GFT Financial
6.Fxpro(Sponsors some premierleague teams, but I understand have issues with paying u ur moey: Why trade when u dont get paid?)
7. Etc..... Add to and ammend the list as appropriate.
“small step for man”
Allias608
#4 Posted : Friday, February 25, 2011 10:24:48 AM
Rank: New-farer


Joined: 2/16/2011
Posts: 15
Location: Nairobi
1. Spreads
2. Leverage
3. Stops
4. Order Executions - placing or closing
5. Swaps
6. Payments

However all these depend on your capability:-
- YOUR TRADING DISCIPLINE.
- EXPERIENCE
- GOOD TECHNICAL INDICATOR READER
Remember, all we know, nothing works all the time.

There is no GURU in Forex Trading. Whether you like to hear it or not the broker or the banks will collude, remember you are from the outside and there are insiders.

What platform are you comfortable with to trade on - Web, Metatrader.... etc etc.

Check this for you to evaluate who to choose from. The initial fund deposits, ratings, regulated.....etc

www.earnforex.com

fxtech
#5 Posted : Friday, February 25, 2011 10:56:45 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
I work with FDD I have a live account with them since 2009, not bad but I gess at times they can get cheeky, I now want to open a mega account, so I'm considering continuing with FXDD bt b4 then I want to hear how other brokers are doing.
Discipline & sticking to your strategy even when you loosing defines great traders.
civ@v.gg
#6 Posted : Sunday, April 17, 2011 8:20:47 PM
Rank: Hello


Joined: 4/14/2011
Posts: 2
hey guys,

am i need someone in nairobi to train me on forex trade.
anyone willing and capable?
QW25071985
#7 Posted : Sunday, April 17, 2011 10:00:51 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
civ@v.gg wrote:
hey guys,

am i need someone in nairobi to train me on forex trade.
anyone willing and capable?


i dnt know about the willing and capable part but all i know is that forex has money and tons of if.and i am making money.
first start with the basics.there are so many tutorials online that you can read start there.
civ@v.gg
#8 Posted : Sunday, April 17, 2011 10:24:32 PM
Rank: Hello


Joined: 4/14/2011
Posts: 2
@QW25071985 I have been and still reading tutorials on the same but there are many things that i would like guidance on.
you can email me on civ@v.gg
QW25071985
#9 Posted : Sunday, April 17, 2011 10:31:05 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
civ@v.gg wrote:
@QW25071985 I have been and still reading tutorials on the same but there are many things that i would like guidance on.
you can email me on civ@v.gg


hit me up on facebook . i have alot of info for you.

http://www.facebook.com/...e.php?id=100000212113995
eggnest
#10 Posted : Monday, May 30, 2011 3:37:29 PM
Rank: New-farer


Joined: 5/11/2011
Posts: 48
anyone heard of waumini investments they r forex traders too...but i dont know much else about them.
kingfisher
#11 Posted : Thursday, June 02, 2011 3:37:40 PM
Rank: Elder


Joined: 4/9/2008
Posts: 2,824
See this site: http://thebestforexbrokers.com/
When I have money, I get rid of it quickly, lest it find a way into my heart.
T-Bag
#12 Posted : Wednesday, August 24, 2011 12:20:37 AM
Rank: Member


Joined: 9/25/2008
Posts: 510
@ QW25071985.Opened demo acc with ibfx AU.God willing may transition to the live a/c. I have been reading negative reviews on this broker and as a newbie got cold feet. what have been your experiences with ibfx.co.au especially on stops, spreads, meta-trader platform hangups and holding a position against clients?
I AM trust in GOD, I AM belief in THYSELF
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