agree re pepperstone.
Ok but you should know that.
They charge $3.50 per trade or $0.35 if your account is setup for mini pips
They also keep 1.8% of your deposit if you pay or top up your account using a credit card which IMO is stealing but you have the option to pay by bank deposit.
So far I'm very happy with them
pepperstone have a razor acct for $7.00 roundturn per $100,000 and a standard acct with no up front commish. spreads are padded in standard acct to give parties their commish.
all info available when you do your due diligence.
did you get a disconnect on your pepper acct when US trade balance was released overnight (Aust time)?
had three disconnects this week- 2 London 1 New York.
15 seconds last night. 2 x 2mins London.
Apologies for thread hijack.
It reconnected soon after and then got disconnected again but I managed to close the trade the 2nd time. It didn't worry me because my trade was going sideways at the time but it made me think that I should be using SL's.
I also had the GFT software Dealbook360 running plus esignal and they didn't disconnect
For a standard account they have 1 of the lowest spread on the market (for non ECN brokers).
I tried a few brokers before switching over to them.
The only thing I'm not sure about is execution time and delays because their server is in the US.
Axitrater are very good as well and you can also register for cashback
Here is a spread comparison site
The markets are closed now so the spreads shown are from earlier times but look at the chart on the right which shows the normal spreads.
Axitrader beats them all
Here is another comparison site
Last edited by Alpha_Bet; 14th-January-2012 at 11:09 PM. Reason: clarity
Where did the $7 figure come from?
size, volume....... $7:00
scroll halfway to " see table of trading commission"
I'm currently looking for a Forex Broker that doesn't have a dealing desk.I'm with IG Markets at present.I have been trading the FXCM Demo(trading station II) and it seems quite easy to use.I have also tried the Metatrader4 platform and I'm not particularly fond of it.
Every Forex Broker that I have read reviews about has had some negative feedback from users.Does anybody know anything about or have traded with FXCM?
On the subject of negative broker feedback, I'd be surprised if there were any brokers that didn't have some adverse feedback because there are always at least a few traders/investors about who prefer to blame others (brokers, financial planners, financiers etc.) for their losses.
Last edited by cynic; 27th-January-2012 at 07:26 AM. Reason: Additional comment
If you look at
it seems FXCM are not competetive in terms of spread against Pepperstone, Oanda, GOmarkets and other standard accounts.
Thanks for the replies.I've had a day off from work today and I spent it in front of my laptop researching Forex brokers and I've arrived at two conclusions 1) I have wasted a perfect weather day researching and 2) All Forex brokers cannot be trusted.
What a waste of a day