Thanks for explaining further - sounds like you are gaining a lot of FX experience and it is very interesting! I definitely agree that FX trading is the whole new world of business - it´s very similar to some type of business or sport, yet it´s ...

Reality of FOREX: my experience with brokers + share yours

Yes, I stated the reasons why they were added to the "avoid list" there too.

Reality of FOREX: my experience with brokers + share yours

I definitely agree with your post. Based on my experience and information, Oanda was better previously, but now is worse and worse - their orders execution / slippage became bad and the spread spikes are still there. Should be questrade added among ...

Reality of FOREX: my experience with brokers + share yours

Very nicely said galexandr! You are more than right - retail traders have a difficult time, now as well as into the future. Regulations don´t guarantee anything - practically all of the cheating brokers are regulated. Also most of the traders don´t ...

Reality of FOREX: my experience with brokers + share yours

Nice post, my approach is little bit different - I bet on the theory that small retail traders can´t have much advantage in the market, so my systems are usually based on the money management, risk management and working with probability and ...

Reality of FOREX: my experience with brokers + share yours

By the way Z.com and OctaFX added to the list of brokers in the first post.

Reality of FOREX: my experience with brokers + share yours

Hehe, nice examples On one side I agree with you, but on the other side, this thread was founded to show other traders information that they most probably don´t know and brokers practices that they probably didn´t imagine that they are possible. ...

Reality of FOREX: my experience with brokers + share yours

That´s pretty suspicious - maybe we could add them to the first post with the notes that traders should be aware of, what do you think?

Reality of FOREX: my experience with brokers + share yours

Yep, Oanda already mentioned in the first post. Maybe you can share more about your real experience with Questrade and I can add them to the first post.

Reality of FOREX: my experience with brokers + share yours

Well and this is the truth that usually no-one wants to hear Just take a look what each broker is talking about, if it´s serious spreads / good execution / technologies, then it could be a fair broker. But if you go to their website and feel like ...

Reality of FOREX: my experience with brokers + share yours

Hi Fedricks - no offense here, I am happy to hear that you are satisfied with them. Maybe they treat you well and categorized you among the traders with fair pricing / liquidity / without any interventions. Just wanted to mention what the biggest ...

Reality of FOREX: my experience with brokers + share yours

What does the USD100 max profit mean? Does it mean that they do not allow you to earn more?

Reality of FOREX: my experience with brokers + share yours

Ok, so LMAX is providing liquidity to FP markets - I think that they should be definitely better than your current broker. But you will see for yourself pretty soon if they provide fair services or do some dirty practices. Let us know here your ...

Reality of FOREX: my experience with brokers + share yours

Thanks - very interesting experience! MT4 is not so much customizable platform, like you wrote - I use some indicators / EAs that were built based on my needs, but everything has to work on the similar principles - through the same windows / ...

Reality of FOREX: my experience with brokers + share yours

Definitely agree with this. For usual retail trading like I do and I think most of us do is the MT4 absolutely OK. I would only add that other platforms can be a subject of the dealer plug ins too.

Reality of FOREX: my experience with brokers + share yours

Hello, I agree that the MT4 has some disadvantages (of course, it is not possible to do any HFT or extremely fast scalping there, but I doubt that any other FX retail platform / broker is able to perform HFT), but it always highly depends on the ...

Reality of FOREX: my experience with brokers + share yours

I agree on this, its just about the compliance / legal department of each broker - there are also some offshore brokers who are accepting US clients without any US regulation / permission - so practically any broker can accept any trader from ...

Reality of FOREX: my experience with brokers + share yours

The fun thing with Z broker is that you can withdraw their 30 USD bonus if you will trade at least 100 lots - it means that if you will bring something like 1000 USD to them (on spreads / commissions only, I don´t even count possible losses), you ...

Reality of FOREX: my experience with brokers + share yours

I don´t have any experience with them, but a couple of ideas when I took a look at their website - they mention LMAX somewhere as their liquidity provider? Also not much is said at their trading conditions page. It would be interesting to explore ...

Reality of FOREX: my experience with brokers + share yours

Then it´s explained, I don´t consider Octa as a trustworthy broker too (posted here).

Reality of FOREX: my experience with brokers + share yours