[Aul]

Hello,

Please recommend a good broker to me. I am a beginner and I would like to start with small accounts. Thank you!

Use the search function on this site, and you'll find many responses that can help you out.

[thrunner]

The broker review forum is here: http://www.traderslaboratory.com/forums/broker.php

[Hlm]

Originally Posted by Aul »

Please recommend a good broker to me. I am a beginner and I would like to start with small accounts. Thank you!

There are many factors that one has to take into account when deciding on a broker. For example...what instruments do you plan to trade (stocks, futures, etc)? What type of trading do you plan to do (swing or day trade)? Some brokers also have minimum starting amounts. More information is needed to point you in the correct direction. If available, I would always try to test drive (demo) a broker before choosing it. Even though the results may not be identical, it's still a good way to get a feel for it.

[Aul]

Originally Posted by Hlm »

There are many factors that one has to take into account when deciding on a broker. For example...what instruments do you plan to trade (stocks, futures, etc)? What type of trading do you plan to do (swing or day trade)? Some brokers also have minimum starting amounts. More information is needed to point you in the correct direction. If available, I would always try to test drive (demo) a broker before choosing it. Even though the results may not be identical, it's still a good way to get a feel for it.

Thanks for your reply! I'm planning to do Forex trading. Probably I would like to start with swing trades, but daily trades work fine with me too. I just would like to start with as low minimum as possible.

[Hlm]

Originally Posted by Aul »

Thanks for your reply! I'm planning to do Forex trading. Probably I would like to start with swing trades, but daily trades work fine with me too. I just would like to start with as low minimum as possible.

I currently (and have been for awhile) trading Forex through EFXGroup (owned by MBTrading). From my experience their customer service is excellent and the platform/performance is solid. However, other than very simple charts on their .NET platform, they do not have free charting. Many people I know that casually trade Forex use the MT4 platform with a demo account from another broker. EFXGroup also does not have fixed spreads. They charge a commission instead. If you actively trade during active hours this can work out to your advantage.

I have used several other Forex Brokers in the past but enough time has elapsed that I am unable to give an accurate account as to where they currently stand.

There is another thread that discusses FX Brokers some that can be found HERE.

[Aul]

Originally Posted by Hlm »

I currently (and have been for awhile) trading Forex through EFXGroup (owned by MBTrading). From my experience their customer service is excellent and the platform/performance is solid. However, other than very simple charts on their .NET platform, they do not have free charting. Many people I know that casually trade Forex use the MT4 platform with a demo account from another broker. EFXGroup also does not have fixed spreads. They charge a commission instead. If you actively trade during active hours this can work out to your advantage.

I have used several other Forex Brokers in the past but enough time has elapsed that I am unable to give an accurate account as to where they currently stand.

There is another thread that discusses FX Brokers some that can be found HERE.

What is their depositing minimum? I would like to start with no more than $100.

Aul,

Did you take the effort to go to their website and actually look before asking again?

http://efxgroup.com/deposits.php

Not to be a PITA, but you might want to do some of the legwork yourself.

-fs