Which is the best and most honest

[stocks1984]

forex broker out there to use? Thinking about trading in Forex but I heard there are tons of brokers out there and some are scams. I know many of you have been trading forex for years or know already which brokers are good or not. Can someone please list which broker is most reasonable and is great with the charts. Thank you

[mattman27]

have you checked out this thread?
http://www.hotstockmarket.com/forums...d-7-total.html


i use interbankFX and dont have any problems

[stocks1984]

thanks for you reply! I will look into it now. I know many have heard of forex.com but I heard they are all not that great. Theres a website called forexbastards.com . This site is helpful by analyzing which brokers are scams and legit.

[Morpheus]

Originally Posted by mattman27

have you checked out this thread?
http://www.hotstockmarket.com/forums...d-7-total.html


i use interbankFX and dont have any problems

huh? Interbankfx ? Well, in my opinion, interbankfx is probably the worst broker out there. I use Oanda. They get top ratings from forexbastards.com. If you want to hear all the complaints about certain sites, go to forexbastards.com and read what they say.

http://www.forexbastards.com/public/...broker_reviews

Oanda used to be #1 but they've moved down to the middle but that was because some of the other forex brokers put on a massive negative campaign about them and it was all untrue because I've been with them for about 7 to 9 months and never had any problems. I was with interbankfx first and they were horrible. They would disconnect you for about 7 hours at a time....no joke so I cashed out from them and went with oanda and I've been happy ever since. One of the drawbacks about Oanda would be news time trading but here is the deal......... Oanda at least allows you to trade during newstime but they increase the pip spread. Many dealers wont even allow you to trade at news time and will just disconnect you right before news is released so it's really your choice as to what you want. Interbankfx just disconnects you. I don't trade news so I'm happy where I'm at.

Oh and by the way, Oanda pays you interest on your money even when you aren't trading. Everyday, I open my account to found a little more change in there.

[stocks1984]

yeah but now the market is open the lowest pip i found on oanda is 10 pips! for a buy on any currency! whats up with that

[mookie9920]

Originally Posted by stocks1984

yeah but now the market is open the lowest pip i found on oanda is 10 pips! for a buy on any currency! whats up with that

during the weekends the spreads are always wider, it will tighten up tomorrow

[stocks1984]

oh ok good to know because I really like Oanda platform and I believe they are a trusted broker.

[stocks1984]

actually forex.com has usd/chf at 5.0 spread and oanda has usd/chf spread of 10??? wtf

I thought forex.com was a pos?

[mookie9920]

It's the weekend, not much buying....so there isn't really a need for a tight spread....check it and compare this week not on the weekend......

[aceline]

oanda will have the lowest spread around for eur/usd tomorrow.

the exchange just opened back up and the spreads are jacked