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What Broker Are You Using and Why?

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I'm trading with HotForex, I know it through one friend's referral. I make profit consistently with this broker. That's the reason why I can keep trading with this broker over 9 months.

 

i had used their demo account for weeks but read some bad reviews about them on many forums and decided not to open a live account, that was years ago. How r they these days?

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I use Admiral Markets for trading only one currency pair, the eurusd.........like their fast execution and low spreads, but most of it like the service and account funding/withdrawing process.......and I use Dukascopy in Switzerland for the other pairs, as the spread is significantly lower there........the major drawdown on Dukascopy is the fact that before the weekend, they automatically change the leverage.......but, funny thing, in time I discovered this helped me all the time.......another drawdown is communication there......in order to talk with somebody there, and actually solve a problem, you gotta have patience........and this chapter is something I am still working on

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Interactive Brokers because it lets me trade pretty much any market in the world and being in a non-USA timezone that is important to me. Their commissions and spreads I would consider to be competitive. Their customer support and excessive regulation within the USA can be a major problem/headache.

 

I also use Oanda and have found them to be good.

 

With kind regards,

MK

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I used TS. At first I thought they were expensive but with the Globex combo for 20$ / month I have access to most exchanges which I think nobody mention in here. I don't have to pay platform fees since their min requirement of trades I meet in a day. No commission for FOREX, 1$ per contract on futures ( I don't trade stocks) and much more it would take to much to write. Good luck, I hope I could help.

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I'm using Excel Markets- for a couple of reasons - their support is great, and I'm nervous enough as it is (not entirely new, but not nearly clued-up on currency trading). I also got a $100 bonus for my (small) bankwire deposit - and their spreads tend to be competitive - but I'm open to persuasion if you think I can do better!

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I am using profiforex, and I am yet to regret my decision to pitch with the broker. My reasons are; Easy to open a trading account in 2 minutes, one click deposits and withdrawals. Instant deposits with no commission, withdrawals in 24 hours (I get my money anytime I need it), No hidden charges. All the commissions and fees are clearly stated in "Trading conditions”. Secondly, profiforex offers me The fastest and fair execution, Lowest commission, Up to 1:500 leverage and a Fixed and variable spreads starting at 0.1 pips

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i trade with hotforex, i have been trading for almost two years i guess, stopped for a while then came back. still have a job of course, and hope to trade full time someday. i like this broker coz there is less pain in the ars and everything goes smooth in regards to withdrawal and deposit transactions, platform is good

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still with my ECN Tickmill account. because they had best trading condition for my scalping method. no issue with payment, and added 15% deposit bonus (withdrawable) upon my deposit :).

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still with my ECN Tickmill account. because they had best trading condition for my scalping method. no issue with payment, and added 15% deposit bonus (withdrawable) upon my deposit :).

 

Yeah I also trade with Hotforex on premium. No issues so far

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Yes, I'm also using HotForex at this moment. I'm pretty satisfied with the service and I haven't had any issue so far either.

 

Hi FxFive,

 

What type of account do you have with them and what pairs are you trading? Looking for feedback of live testing of their zero spread account. Would really appreciate any input on this matter.;)

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I am trading with more than one broker at the moment for diversifying my investment purpose and the only reason for choosing them is that they are decent and reputed brokers of the market.

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Since the last 3 years, I was actively trading with Amarkets. When I was a new comer with them, I used to start with demo account which really help me to understand some aspects of trading forex market. After I get familiar then only I open the real account, and decided to join forex clases at least to learn from professional traders which mostly experienced more than 10 years in forex. Until now, I keep on trading with Amarkets, and if I faced some losses I will keep trade with this broker because he gives me all what i need for comfortable trading.

Edited by JohnyIve

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    • Date : 14th July 2020.Sterling in the Cross-hairs today.GBPUSD, H1UK data today has continued the pressure on Sterling, with the UK economy rebounding less than expected in May. Overall GDP lifted 1.8% m/m, compared to Bloomberg consensus of 5.5% m/m. With economic activity still falling -20.3% m/m in April, the modest uptick over the month still saw the annual rate falling back to -19.1%, from -10.8% y/y in the previous month. Industrial production actually lifted 6.0% m/m and construction output rebounded 8.2% m/m, but rebounds fell short of expectations and this also holds for the index of services, which lifted a mere 0.9% m/m, after still falling -18.9% m/m in April. Services are still down nearly 19% on last year’s levels, construction output is nearly 40% below the levels in May last year and overall industrial production 20%. Virus restrictions came later and subsequently were also lifted later in the UK compared to most other European countries, and forward looking confidence data are signalling that at least the construction sector is back in expansion territory. Still, the numbers highlight downside risks, especially as there is also not much progress in trade talks with the EU, leaving the risk that the transition period will end without a new deal in place.The Office for Budget Responsibility (OBR) also issued their latest updates today and it makes sorry reading for the UK economy, with expectations of record peacetime levels of public debt and the largest decline in UK GDP in 300 years.Cable carved out a six-day low at 1.2537, which has been partly a product of sterling underperformance following a much weaker than expected UK May GDP figure, and followed through to test 1.2505 following the OBR report. EURGBP concurrently lifted to a seven-day peak at 0.9069, and GBPJPY traded into six-day low terrain at 134.17.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 HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex 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 FX and CFDs 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.
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