Brokerage debate
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Thread: Brokerage debate

  1. #1
    Which brokerage do you advoe? I am thinking of opening an account with GFT any input signal?

  2. #2
    I've an account with GFT, they have great charts ( I believe CMS are much better )

    their customer service is very good. One word of warning the way that they manage rollovers is somewhat strange. They actually close your position and open a new postion every day (assuming you have an open position in the conclusion of day) which completely throws me off. I found this out the hard way, only looking at the chart for your open position is not really where you started, and that means you have to bear this in mind.

    So far as I am concerned their statements suck, they have made them to complex to see.

    My two pips,
    AL

  3. #3
    I am presently on a demonion with GFT. I believe I'll be switching to them from FXCM. The major thing I enjoy about GFT is that they have a very comprehensive charting sotware which comes included if you open an account. You don't need to go out and pay for charting appliions. Customer support has also been amazing!

  4. #4
    Esndr?s
    Guest
    Black Pearl

    take a look at http://www.interbankfx.com To date I've found them excellent in all respects.

  5. #5
    Garciaal,

    Have you ever tested out CMS automated dealing service?

  6. #6
    I really don't auto trade were the software actually implements the trade, I really don't trust them much. You can set it to give you the alerts but not transaction auto. Thats what I do, simply await the audio alert and place the trade, I have not ever sat and observed to see if could work or not. The demo is too flakey to rely on.If you are interested in CMS go to visualtradingcharts.com, that must keep you busy reading for a fantastic long time.

    Al

  7. #7
    Well to be honest, I still haven't started my reside acocunt ever yet, but I have been demo trading for about 2 months now. If anybody is interested, it is possible to try MG Financial, mgforex.com, they are great, charting software isn't the best, but good, pocket computer trading available without installing an appliion in your pocket pc or pda, leverage up to 400:1, 1 free cable transfer per month, many order types, market, stop, limit, one cancel other (OCO) which include an integrated stop loss limit order, If completed order in which you may base a stop or a limit or an oco on the implementation of another one, and many different things.

    The only drawback of MG Financial I obtained from here on the forum is that occasionally they encounter slippage, but I intend to open my very first live mini account together.

    Another very nice thing with MG is that it is possible to trade around 50 lots, meaning $5 Million a pip value of $500 down or up

  8. #8
    Quote Originally Posted by ;
    The only drawback of MG Financial which I obtained from here on the forum is that sometimes they encounter slippage, but that I mean to open my first live mini account with them.
    Thank you for the information about MG.

    I just looked at their site, plus they seem appealing. I enjoy the fact that their platform may run in different environments. Sometimes, you are away from home and you don't always have your laptop with you, so you might jsut grap a computer somewhere and use their platform HTML or Java version and check your account.
    But I'm a newbie and got a few queries...

    1- what do you consider their spread? For EUR/USD, it seems to be 3, but greater on other currencies. Are they competitive?

    2- To be truthful, I never understood about FX brokers slippage. . .Can you please give some example of this?

    3- only for advice, I was thinking about FXSOL, since they offer a bonus for new accounts based on its dimensions. Butindeed, it won't be a fantastic idea at all to take this kind of incentive into account in order to select and choose a broker...

  9. #9
    Quote Originally Posted by ;
    1 free wire transfer per month
    Well, that isn't accurate.
    Actuallythey say that they won't bill any MG charge, however they WILL control your their bank charge. . .and who understand how much this will cost you...
    Seeing this stage, I'd rather prefer a broker who will tell you exactly how much a withdraw will cost you...

  10. #10

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