Exactly - that's why I decided to open this thread and I am happy that so many traders contributed here and shared their thoughts / experience. If you can share any real experience, I will be happy to update it in the first post.

Reality of FOREX: my experience with brokers + share yours

Yep, it seems like IC started doing some dirty practices and some traders in the other thread already complained on IC. If more traders here will confirm it, they will probably be placed on the first page with some warning - probably not marking ...

Reality of FOREX: my experience with brokers + share yours

I believe that FXCM with their slippage practices loves scalping

Reality of FOREX: my experience with brokers + share yours

I definitely agree with your thoughts and I can confirm that they are scammers - also I can confirm that there are a lot of IBs due to their huge IB share (hotforex then make their huge money on their b-book acting like a bad market maker). As per ...

Reality of FOREX: my experience with brokers + share yours

Welcome here leebsurag - I agree that instant execution is not a good thing as instant execution means market maker execution. Also I agree that reliability / trustworthy / security of your deposit is the most important. Regarding Hotforex and FXCM ...

Reality of FOREX: my experience with brokers + share yours

Thanks for posting - your experience seems clear - does anyone have the same experience? Or are there any threads about LMAX / Pepper positives / negatives that I missed?

Reality of FOREX: my experience with brokers + share yours

That´s terrible.. thanks for confirming adding Octa among the brokers that traders should avoid.

Reality of FOREX: my experience with brokers + share yours

Welcome here - by Axis you mean AxiTrader?

Reality of FOREX: my experience with brokers + share yours

Thanks for posting - it seems interesting, will take a look at it.

Reality of FOREX: my experience with brokers + share yours

Yep, I definitely agree - we can say that it´s all about probability.. if you trade with the scamming brokers, you can throw your money out of the window and you have a higher chance that you will find down on the street more money than you will get ...

Reality of FOREX: my experience with brokers + share yours

I am not US resident and don´t have any experience with investment opportunities there, but I bet that maybe the futures exchanges can benefit - and other investment (like stocks etc.) / savings providers. Maybe also the US gov wants to control ...

Reality of FOREX: my experience with brokers + share yours

Hi Drolph, I definitely understand. Contacting the OctaFX rep would not be objective of course For me, based on OctaFX´s offering (already mentioned and pasted in the first post) - it´s quite clear among which brokers does Octa belong. Plus there ...

Reality of FOREX: my experience with brokers + share yours

IC is maybe becoming pretty questionable - I found that someone complained about their big slippages here.

Reality of FOREX: my experience with brokers + share yours

So you are doing something like trading under your own IB, correct? But still, you need to make money based on some strategy as the gain from commissions isn´t higher than what you risk in each trade, right?

Reality of FOREX: my experience with brokers + share yours

I agree that the huge leverage is just for playing or betting. I personally don´t consider any leverage above 1:200 as long-term usable. Also it´s sure that you can´t trade the real market with the ridiculous leverage - as I wrote, it´s just b-book ...

Reality of FOREX: my experience with brokers + share yours

I like this sentence in your post: "I think I am going to make it my mission to switch to a broker where I have a better edge." This is very true as the whole trading is about mathematics and accounting - the lower costs / the better trading ...

Reality of FOREX: my experience with brokers + share yours

I got it - but I would be happy if you can share your more detailed experience from real account trading with them - I will paste it to the first post to notice other traders.

Reality of FOREX: my experience with brokers + share yours

Understood - could you please refer to concrete posts which will prove that he is not telling the truth? Also for example there seems to be more scammed traders from octafx.

Reality of FOREX: my experience with brokers + share yours

Welcome here! Take a look at the first post of this thres, you will see there the list of high quality and low quality brokers. I don´t have any experience with PipIndex, but as soon as I see % deposit bonuses, I just run away fast.

Reality of FOREX: my experience with brokers + share yours

Hehe, this is very funny I´m afraid that they will smash / hunt your trades right after you will open them as those are pure casino companies But it would be interesting to try. By the way if you will wait one more year and get 1 : 50 000 ...

Reality of FOREX: my experience with brokers + share yours