ALL ABOUT FOREX BROKERS
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TopBrokers.com offers any investor the possibility to filter all Top Forex brokers of the market and find the one that suits best. Our mission is to analyze and rank companies according to their real services level. Here you can read reviews of real traders, compare Forex brokers using the maximum number of characteristics and choose the best company for trading on the FX Market! Our visitors can also use additional services, such as economic calendar, forex analysis, forex charts and others.
What complaint to the broker gives?
Advantages: They have a lot of offers and bonuses
Disadvantages: Some very clever market manipulation
Comment: This broker is a very good crook and I still don't understand how they do it. I demo traded for a number of months, making decent profit and turned my $500 account to $2000. I'm good at this, I though, and made the deposit for $500. No problems there, they were glad to take my money, and then I started losing like every trade. It didn't matter whether the stop loss was tight or not, I was always being stopped out. So I checked with another trading platform, and the figures seemed to match. I'm really confused whether I'm the one who sucks at trading or there is some very clever manipulation. I know they are not FCA regulated since the Alpari UK branch went bust, and I would not be surprised if they are crooked
Advantages: Been around over a decade, teaching tools, social updates
Disadvantages: Low leverage
Comment: Oanda is a good broker and it has been active since 1999. I chose them because no fraudulent broker can survive that long in business, and so far I was right. Everything about Oanda trading is effective and efficient, making them the best broker. I hate that I can't get leverage above 50:1, but in a way that also makes sure I don't lose too much money, kinda like an imposed safety net. Even with low leverage I don't want to change because I only see bigger complains about the other brokers, happy to stay where I am
Advantages: They have a lot of instruments in stocks, CFDs, commodities and Forex pairs
Disadvantages: They have not added virtual currencies
Comment: Fxpro is just an average broker with ups and downs, but they are not very dependable. Normally I got good spreads and fast execution speeds, but when there was important news the spreads widened significantly all of a sudden. Plenty of requotes and slippage too when market volatility is high. The number of instruments is also impressive, but you won't enjoy all of them unless you have a huge capital. I assumed that because the stocks and commodities were in the form of CFDs the margin requirements would be favourable, but you need a lot of capital to open these positions. On the positive side, the prices listed were accurate all the time, and they were not manipulating the markets. This is why I found them to be a reliable broker, but they are certainly not the best and which is why I only gave 3-stars.
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