What's the best to trade?

Charly · Mar 31, 2010

Quote from Jayford:

Sorry for the delay, haven't looked at this thread for a few days.

I have not kept up with the changes in the FX broker department as i am very happy where i am. if you want to trade stuff in addition to FX, go with IB. Its a commission firm, so they will give you best possible price, and you can trade damn near anything with them (which is why I use them).

for FX only, the one firm i still know of that isn't a bucket shop is hotspotfx. i have a friend who is a pro FX trader who uses them. Not sure what the commish is, but lower than what you'd pay on a spread with the bucket shops, and fills are computer matched which means instantaneous vs the bucket shops "deciding" if they want the trade.. Money is insured there as well against any fraud. this is BIG in this industry. A third party bank holds the bond.

my trader friend uses the charts and news provided by hotspot. Also uses Xtrader provided by them for DOM and entry.

this company caters to pros, but anyone can open an acct with 7500 i believe. must trade full size lots however, so know what you are doing before trading there (100k min trade size). i personally wouldn't trade anything less than this anyway as you'd never make enough money to live on.

hope this helps.

jay
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MB is quite a good one, too.

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What's the best to trade?

Charly