Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

trbates

Quick Broker Question

Recommended Posts

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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.

 

 

 

 

 

 

 

 

img1.jpgimg2.jpgimg3.jpgimg4.jpg

img9.jpgimg10.jpg

Share this post


Link to post
Share on other sites

Thanks Wilson ... I have never heard of Forex-Metal.com, I'll definitely check them out!

 

 

As an update, I found out the other day that TradeStation does in fact offer mini sized accounts (they just don't advertise it much) so rather then going through the hassle of changing brokers, with such a small account size anyway, I figure I'll stay with TradeStation for the time being.

 

Though, that said, I always like to read about different brokers ... so if anyone has anything left to add please feel free :)

 

Travis

Share this post


Link to post
Share on other sites
Oanda is great. Also checkout instaforex, fxcm, avafx and fxcast.

 

Avafx is a decent broker i think. Thinking of opening an account with them since the min deposit is $100 and coincidentally i only have $100 to spare. Anybody here tried this broker?

blank_v.jpgblank_o.jpg

blank_c.jpgblank_m.jpg

blank_f.jpgblank_y.jpg

blank_p.jpg

Share this post


Link to post
Share on other sites
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

 

I use Oanda every day and they are very good for execution and the ability to choose your own lot size. Their charting however is not very flexible. Due to the regulation and new capital requirements for FX brokers I have seen that the former big brokers now get better and more customer friendly, as they have more informed traders to serve. Thus, it is not a bad idea to start a Micro account at FXCM and then progress to a standard account. Or, if you like the Metatrader platform, I would go to FXDD. It always depends how you trade, long-term, daytrade, etc.

 

If you have 2500 USD minimum account size available, I would start out at FXDD PLUS use a trading advice/education service such as Forexconfidential.com ( private traders, even part-time ) or http://www.fx-knight.com ( 149 USD monthly ) with their inbuilt Acuity workstation, which allows you to see Volume via eSignal etc.

 

( I am not affiliated with any reco. ). Take your due diligence. :missy:

Share this post


Link to post
Share on other sites

hi there

 

I have seen my broker avafx has been discussed here and so i thought why not share some more facts of him who don't know much about them. Many traders don't find any dissimilarities between them and rest of the brokers. I don't know about other broker except couple of once I tried before I get involve with avafx no one has given me satisfaction as they have given. Though they are not NFA regulated and believe me they are trying hard to get the approval asap, still i tried and got to really a good broker.

 

Many would have read bad reviews about them and I believe no one is perfect. Some or the other day such thing might happen to me as well but till date they are the complete package and brokers should take lesson from them to improve.

 

What else i can say about them you have to try it by own so see what i mean. trust me go ahead you won't regret.

Share this post


Link to post
Share on other sites
I've been looking up Ava just recently and it seemed that they have quite a number of good reviews already. vbulletin-smile.gif

 

good for you, well, when looking for a broker there are so many things you have to check. But first i will consider the brokers reputation,trading condition and the withdrawal and deposit system. this what I consider before opening my account with Armada Markets last years ago, reputable one, even this not the only thing to consider, any website review sometimes just had their own odd issue, I'd prefer to make sure by my own experience. these where i found AM trading condition are very competitive.

Share this post


Link to post
Share on other sites
Really, I am also researching about futures trading. Not too many brokers have this trading type.

there's lot of brokers offer such spread, try with listed ECN brokers at myfxbook brokers page and listed any potential brokers you may found.

another test are to experience brokers spread by your own, on their trading platform.

I've been doing these before decide to use Tickmill ECN account.

and here's spread listed at their mt4 platform (using scalping dashboard got from ff)

X1hAeeg.jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.