Dukascopy vs. MB Trading vs. Other? Small account

Discussion in 'Forex Brokers' started by bankroll, May 21, 2012.

  1. Do you mean they offer to pay for the limit orders on the second - slightly marked up plan right? Anyways, who would buy the marked up plan?
     
    #11     May 28, 2012
  2. Davidee2

    Davidee2

    Dukascopy Europe is one of the best ECN broker I have ever come across. There are only two downsides two them in my opinion, they are -

    1. No CFDs. You can only trade Forex and Gold and Silver with them.
    2. Opening an account can be a bit of a pain, they ask that you send them a physical certified copy of government issued ID. They asked me to send them a certified copy of my passport in the mail, no PDF scans.
     
    #12     Jun 24, 2012
  3. I almost find the no CFD's thing to be a plus... to be honest.

    I don't want my forex broker to do anything but forex really well as a core business. Plus, CFD's are a made market, and a broker who brands themselves as an ECN style setup doesn't mix well with that.

    It's like saying a broker who offers a really efficient (cost wise) way of gaining exposure to the FX market wants to offer a really inefficient way of accessing index/stock markets. Doesn't make much sense.

    Still, some brokers offer it, and that makes others offer it because clients ask for it... so can't fault them for fulfilling demand.

    I'm just saying I'd rather Dukas just do FX really, really well.. and if I ever trade CFDs, I'll go with a broker who does CFD's really, really well.
     
    #13     Jun 25, 2012
  4. jcvmw1

    jcvmw1

    The Swiss Bank turned over all the names of Americans who where using them as a tax shelter, which they didn't have to do, they betrayed those Americans, so I would never use a Swiss broker, the bank they keep their money in could do the same thing. Its not worth it.

    Also look at the strained relations between Russia and America. I would be pins and needles if I had my money in a Russian Broker.

    Craig
     
    #14     May 26, 2014