Forex Brokers - Do You Switch Brokers A Lot?

[nebuman213]

How long have you been with instaforex, Aslam?

[Aslam]

Originally Posted by nebuman213

How long have you been with instaforex, Aslam?

not sure, i guess about 6-7 months.

[KathlenN]

Originally Posted by ExecutiveIncome2You

Seems like most traders stick with their broker if it's working out & there's no real problems, thanks for all the replies

Sure why change a winning formula!

[Mr.P]

I'm with my broker FXCM for 5 years know. I'm happy with them, not going to change anything anytime soon.

[ForexPipEX]

FXCM has some great ratings among many in the Forex community!

[Mr.P]

They are one of the biggest Forex broker in US. Recently I switched from FXCM US to FXCM UK, it took me "no time" to do that. They simply took care of everything. They have offices around the world and growing.

[ExecutiveIncome2You]

Yes they really do, would you say FXCM is the biggest, farest reaching Forex broker??

[Nick0016]

- LiteForex for my small account and if I want 'test' things out.
- PFG for my larger account.

As said before, why switching if broker is good for you?

[Mr.P]

Originally Posted by ExecutiveIncome2You

Yes they really do, would you say FXCM is the biggest, farest reaching Forex broker??

On their web site you can find a statement: "over $365 billion in notional volume is traded each month on trading platforms offered by FXCM" and volume counts in this business. This is number "one" factor for me to chose a broker.

As a consequence: "As a result, we have obtained close banking relationships with some of the world's largest and most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to FXCM, there are competitive spreads, even during market-moving news events.

FXCM does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. With our No Dealing Desk, however, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a banks dealing desk.

Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to trade. Our trading platform is tested in all market conditions, routinely handling approximately 300,000 trades per day."

No Dealing Desk

• No conflict of interest between broker and trader
• No dealer intervention in trades
• Price providers (Banks) do not see your stops, limits, and entry orders
• Competition reduces the potential for market manipulation by price providers

No Trading Restrictions

• Trade during breaking news
• Place entry orders anywhere—even inside the spread
• Scalp the market
• Rollover transparency—all amounts are displayed in advance
• Receive positive rolls at all margin levels

Offices around the world

• New York, San Francisco, Plano - US
• Hong Kong - China
• London - England
• Paris - France
• Sydney - Australia
• Tokyo - Japan
• Dubai - UAE

I know that this sound like an advertisement for this company, but those just facts that I collected during my search for information about them.

[chunnel]

Originally Posted by ExecutiveIncome2You

Yes they really do, would you say FXCM is the biggest, farest reaching Forex broker??

That's hard to say, every broker has his up and downsides.
What I mean for some people this broker is the best and for others is another broker the best..

Otherwise everybody would be with the same broker I guess