Personally I use FXDD but I'm thinking of switching to Alpari soon as they seem to be the better broker at the moment from what I've seen around.
Best thing to do really is just to run a demo account with each broker and see which one performs the best and take things from there, thats what I'm doing =)
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I'm currently using 3 profitable robots, do you want to know what they are? Find out at: http://www.forexrobots4u.com/
I also display full trading statements which show 'all' profits and losses for each robot.
Series: Non Deposit Broker for forex newbies, Part 1
A good forex broker for newbies has not necessarily to be a good forex broker for an advanced trader. A good forex broker for a trader who also wants to trade commodities, oil, silver, gold, futures, indices (s & p, DAX etc.) has not necessarily to be the right broker for a pure forex trader. A good forex broker for newstrader has not necessarily to be the best broker for technical traders. A good broker for high funded big account holders has not necessarily to be the best broker for the newbie partime traders with capital less than 1000 dollar to invest. In this article I will focus on brokers for newbie traders with less capital.
First recommended broker is for sure Marketiva. Recommended because its a stable broker with a good and stable platform, lot of indicatiors (newbies love indicators!!!), but what is more important, because Marketiva let you trade with cents. Spreads are, with the exception of newstimes, reasonable (2 pips EUR/USD) Best of all, they give you 5 Dollar for free to trade with without having to deposit own money. 5 Dollars to start and being able to trade with 1 cent makes sense for a newbie, who wants to test forex trading, and dont want to test only with virtual money. Worst case you lose your 5 Dollar present, best case you may multiplicate your 5 dollars and withdraw the profit. I know traders who made from this 5 dollar over time a 1000 dollar account. They also offer a no-time-limit demo account, you can trade real money or virtual money on the same platform simultaneously, so its also a very good broker to test your trading strategy.
you may fund your account and withdraw the money through bank wire, and Marketiva also allow e-currency funding for people without bank account or credit card (libertyreserve etc.). They also offer 24 h excellent live support, very important for the currency newbie.
See my blog for further non-deposit-broker
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fxtjournal - journal for the currency trader
The first and most important step you will take as a Forex trader is choosing a broker. Forex brokers come in all different styles, types and qualities. Some are very user friendly, with easy to use platforms, instant, hassle free execution and excellent customer service, while others will take your initial in the blink of an eye. It's so important to choose the right broker because you want to be able to focus on trading and let the broker handle the all the other aspects of Forex.
These 5 things to look for will help you find the best Forex broker, the one that's right for you.
1.) Minimum Deposits
As an expert trader, the first thing I look for in a broker is always the minimum deposit. Those offering mini accounts, with a minimum deposit of $25, are generally great for more inexperience, possibly new traders. Those which offer higher minimum deposits are generally geared from more professional, experienced traders who are ready to risk more money trading currencies. While this isn't an indication of whether or not it's a quality broker, it surely tells you the type you're dealing with.
As a newer trader, a mini account with a small initial deposit is a great choice. If you're an expert trader, choosing a broker with an advanced platform geared towards experienced traders may be the best option.
2.) Customer Reviews
Independent reviews and testimony's are very important because they show you the types of experiences real people have had with a specific brokerage. When looking for reviews, remember that people are more likely to post if their experience has been negative and reviews on a broker's own website will always be positive, so I wouldn't even take those into account as they are usually biased.
3.) 24/7 Customer Service
Customer care is extremely important to me! If you're having trouble with execution, using the platform or making deposits & withdrawals, it really helps to have understanding, knowledgeable & caring customer service agents on your site 24 hours a day. Talking to a real person about a question or problem is so much easier and more convenient than reading an FAQ page. You deserve a broker with 24/7 service, after all, it's your money!
4.) Other Services Offered
Check for market news feeds, commodity trading or other currency pairs besides the majors that are offered by all brokers. These types of services may not seem like a big deal now, but once you're making money and gaining experience, you may be interested in them later.
It's also important to note that a broker which offers more services generally has more financial backup, meaning the chances of it going under with your money are very small.
5.) Trying A Demo Account
Always trade on a demo account before choosing a broker. A demo will let you try the platform, test the execution, customer service and news feeds which are all vital parts of your trading experience. Demo account should be free and you can try as many as you like before actually making a deposit.
My own personal considerations :
1. Legal (Registered with Financial Service Authority ex. NFA, CFTC)
2. Reliable platform
3. Fair spreads
4. Customer support
5. Review from others
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Happy Trading
GBP USD Sugnal in Forex Trading
I like igindex for my spredbets as no tax and I like easy-forex for my smaller accounts. MT4 for serious hedging.
Of course being an IB for one of those 3 has to be a bias .
Re: Mt4 broker
Hybrid Mode
