[trbates]

I apologize, this has been posted many times in the past ... however, I can not seem to find a new answer so I figured I would ask again.

I am looking for a new forex broker. I am currently using tradestation, but they really nickle and dime you (or so it seems, I'm still somewhat new to this) Though, more importantly, they do not allow me to trade anything but full lots. Normally this isn't a bad thing, but my account is small ... and, like I said, I am still new to trading so I think I would feel more comfortable working with half or quarter lots. (or smaller :)

tradestation also seems to have poor fills at times (not only news, I realize that news times are shaky), and not a very reliable data feed.

It seemed about 4 months ago the best place for a small forex trader to be was with oanda. Was that the case? and if so , is it still?

Also, any other thoughts or comments on brokers you like/dislike would be greatly appreciated.

Thanks

Travis

[Gringo]

I have used oanda in the past and liked it. Found out currency trading wasn't for me. I am back to stocks and options.

Friend uses them and opened multiple currency account to have the ability to withdraw in different currency.

[Hlm]

I haven't used oanda for a couple of years so I can't say anything about them. Check out MBTrading (efxgroup is now with them). They allow mini lots and have very tight spreads during active market hours. Don't be turned off by the commision until you demo it along side one of the other brokers. You will also find that one broker may be better than the other depending on you strategy, pair traded, and time of day.

[trbates]

Thanks for the info guys. I will get some trial accounts going for both of those brokers.

Thanks Again

[mr.smith11]

If you're serious about active trading I recommend Lightspeed as your trading platform. I work with a firm that's a great place for both licensed AND UNLICENSED traders looking for leverage greater than retail, which isn't offered at other B/Ds. My experience with them has been very good, and they are very well funded. But most of all...they are a B/D and set up legally unlike many other firms out there providing illegal leverage to non-licensed traders. They offer both Sterling and Lightspeed trading platforms and in my opinion, if you are unlicensed, there is no better platform than Lightspeed. Assent's Anvil is a close second but their rates are higher and they only give retail leverage to non-licensed traders.

PM me with any questions.

[trbates]

Thank you Mr. Smith I'll check in to that software!

After playing around with several demo accounts I across fxcm micro. The platform seems to offer everything I need, and 1000 unit lot size is pretty cool.

I was wondering if anyone has had any experience with them? good or bad ...

On the surface they seem like they fit what I am looking for perfectly ... I just want to make sure there isn't something horrible below that surface

Thank You

[tlfx]

Originally Posted by Hlm »

I haven't used oanda for a couple of years so I can't say anything about them. Check out MBTrading (efxgroup is now with them). They allow mini lots and have very tight spreads during active market hours. Don't be turned off by the commision until you demo it along side one of the other brokers. You will also find that one broker may be better than the other depending on you strategy, pair traded, and time of day.

oanda is great. Also checkout instaforex, fxcm, avafx and fxcast.

[Wilson]

check out Forex-Metal.com
They have MT4 platform, tight spreads, and many funding options. I also like the customer support, always helpful.