Need help to choose a broker
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Thread: Need help to choose a broker

  1. #1
    Dear Traders
    I had to choose between 2 brokers, these 2 brokers choice are exactly what I wanted for my own trading.
    But I am not sure which broker is trusted I would be happy if you could assist me in making my decision, let me know if u have some personal experience with these brokers.
    I've already read FPA but most of the thread has been posted long ago

    1- broco: http://www.brocompany.com
    leverage 1:500 Regulated by FSC
    http://www.gov.mu/portal/sites/ncb/fsc/index.html

    2- masterforex: http://www.masterforex.org
    leverage 1:500 Regulated by KROUFR
    http://kroufr.org/

    what sort of law agency are they? Have u heard of them? Are they reliable?
    please help me choose or offer your ideas
    thank you for sharing

  2. #2
    Well, because Broco are now spoken in past tense, and Masterforex is an unregulated russian bucketshop using a history of proven scam behaviour, your pick is clearly None of the Above

    Kroufr isn't a regulator. It's a private venture just like this RAFMM joke. Made up of related businesses pretending to be the independent regulatory agency though RAFMM is worse because every firm in that regulator is possessed by the exact same guy!

    The Russians believe we're stupid

  3. #3
    Darn that you have to choose from in Russia? They are ran by the Mafia.

  4. #4
    Quote Originally Posted by ;
    Darn that is all you have to pick from in Russia? They are ran lmao, by the Mafia.
    The truth is no joke

  5. #5
    Hi,

    hv traded fx market for more than 10 years...I seldom come to some forum.

    Anyways...

    I remember broco - cannot advoe, since it had poor reviews a very long time ago.

    My recommendations are,

    1. Dukascopy - still trade them, best with reduced margin requirement.
    2. MBTrading - among my buddy trades has good implementation, like I hv tried it via his account.
    3. PFGBest - still trading together. . .very best.
    4. ATC Brokers - good, I hv traded together they are OK.
    5. LCG(London funding ) - Execellent - Need $50000.00 to trade, may inquire, because they might hv reduced, not certain.


    There are a few more But I forgot their names.

  6. #6
    Thanx men yor information are so helpful and know what am I doing now

  7. #7
    Maybe someone can help me:

    I'm in the US but I want to have the ability to hedge, use MT4, have a micro account and I do not want my broker to trade .

    I have been using IBFX however I cannot appear to hedge anymore. I'm checking into it but I believe that they may have altered their rules .

    Thanks for any help.

  8. #8
    Quote Originally Posted by ;
    perhaps someone can help me

    I'm in the US but I want to be able to hedge, utilize MT4, have a micro account and I don't want my broker to exchange against me.

    I have been utilizing IBFX but I cannot appear to hedge anymore. I'm checking in to it but I believe that they could have changed their principles on US residents.

    Thanks for some help.
    If you don't want your broker to exchange against youpersonally, why are you currently using IBFX? They are a market maker.

    Did you read their Terms of Company?

    Quote Originally Posted by ;
    11.3 Counterparty
    We may effect or arrange for the effecting of a Transaction with you or in your benefit in connection with which we, our Affiliated Companies, or a Related Party could have other direct or indirect material interests, like being a Counterparty.
    Quote Originally Posted by ;
    11.4 Hedging battle
    We may execute hedging Transactions before (i.e. in expectation of) or next receipt from you of a petition, or information concerning a considered request, to open or close a Transaction in order to handle our risk in regard to Transaction(s) you....
    Quote Originally Posted by ;
    11.5 Pairing and market making
    (a) We may match your Transaction with that of another Client by performing their behalf in addition to yours.
    (b) We may make a market in Transactions that you enter into.

  9. #9
    Lol, Masterforex, what a scam broker!

    In my opinion, the fantastic brokers are fxopen and mbtrading.

  10. #10
    Quote Originally Posted by ;
    Lol, Masterforex, exactly what a russian scam broker!

    In my view, the good brokers are fxopen and mbtrading.
    fxopen? The organization run by Dr. Alex K.??? The company free of contact address, no particulars of law??? The company which allows you open a live account without supplying any identifiion or confirmation of speech???

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