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Are you trading with an honest broker? Let us know

goodgbb

New member
As we know nowadays that it's not easy to find honest brokers which wanting to see our account grow for bigger commissions. I don't understand that they choose to take small money rather than massive commissions in the future.

If any winning trader have an honest broker to recommend then it would be much appreciated.
It will save us from wasting time and money on the dishonest ones.
I'm a scalper though.
 

Mila

New member
I agree getting a decent broker in forex is really challenging. I myself have tested many brokers so far; some of the decent brokers which I can recommend on the basis of my experience are
Turnkey forex,
tickmill
& fxchoice.
 

devoemark

Member
Please mention also which brokers are less reliable after been a customer, i.e. according to your first hand experience
 

goodgbb

New member
For me, when I was trying Tickmill. The result from demo and live accounts got huge differences. Demo got more than 30,000% profits in 6 months and continues growing nonstop, when live account shrinks to -95% in 6 months. They both trade in the same time, server, robot, and settings.

Also IC Markets, I've got 15% loss slippage instead of something around 2% loss. Also on big account has loss percentage more than small account when small account has 2% risk, but big account uses 1% risk. Sometimes it even make lost trades on big account but small account didn't even trade. Both accounts use same server, robot, time, and settings.
 

Ecpr

New member
Coinexx would be too good for you as scalper. The only broker which has low spread and low commission. I have few others brokers but this one is really good.
 

goodgbb

New member
Coinexx review:
1st link,
2nd link,
 

marusyafx

Member
For me, when I was trying Tickmill. The result from demo and live accounts got huge differences. Demo got more than 30,000% profits in 6 months and continues growing nonstop, when live account shrinks to -95% in 6 months. They both trade in the same time, server, robot, and settings.

Also IC Markets, I've got 15% loss slippage instead of something around 2% loss. Also on big account has loss percentage more than small account when small account has 2% risk, but big account uses 1% risk. Sometimes it even make lost trades on big account but small account didn't even trade. Both accounts use same server, robot, time, and settings.
It is not surprise, demo account has instant execution. That's why before I went live I had conduct proper backtesting with Tickmill. Basically, returns above breakeven are not enough you have to also include some "random" spread/execution premium from a broker as additional costs.
 

faisacan

Member
I am comfortable with Forexchief for now. I was using Profiforex before their fall from stardom. Profiforex worked pretty well for me back them. Everything was easy and server was fast. I got my money out and found Forexchief broker, the server is very fast too with even lower spreads. I love brokers without too many do's and don'ts. Just deposit and use any strategy.
 

Roberto David

New member
I agree getting a decent broker in forex is really challenging. I myself have tested many brokers so far; some of the decent brokers which I can recommend on the basis of my experience are
Turnkey forex,
tickmill
& fxchoice.
I have been using Turnkey forex out of the three. All i can say is they are very reliable in terms of services and have been good for me so far.
 

Raymonz

New member
I have been using Turnkey forex out of the three. All i can say is they are very reliable in terms of services and have been good for me so far.
Turnkey forex is bad for me, they shut down the server over 3 hr in the NFP time, i lost a lot of money in there, they are not the best one.
 

kevinA

New member
From my experience dealing with multiple brokers, I would say FP Markets is definitely an Honest broker, their customer support team is a good example for this.In addition to being regulated by ASIC and being in business for over 15 years.

FP Markets are very transparent and maintain some of the highest professional standards while dealing with their clients, you can expect a response in a matter of seconds while dealing with their live chat.
 

lewis47

New member
I'm trading with FP Markets for 8 months now and it is indeed an reliable broker. They hold an ASIC regulation and brighter side is that they also accept EU residents.
 

Zubhar

New member
Check out FP markets, they are quite flexible and can get started with a opening balance as low as $100. FP Markets is also regulated by ASIC since 2005.

I've been scalping with them for a while now and experience has been great so far, no spread widening issues or issues in Trading conditions. Their customer service responds pretty quickly as well.
 

Robbe.Dupont

New member
I'm trading with FP Markets, they are an ASIC regulated broker and has been serving clients for over 15 years.

I currently trade on their raw spread account, the spreads and trading conditions in general are the best that i've experienced.
 

natalie2

New member
If you want an honest broker better go with regulated ones atleast your funds are safe and lesser chance of things going against you.
Some of whom I prefer, out of my own list: XM, tickmill, IC markets, Fxview, Fxpro.
Always do your research though, Don't follow the crowd blindly.
 
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