Do You Trust Your Broker?

[samuel23 10]

Do you believe that your broker managed your account effectively without getting any charges from us? What is the best way to determine if they managed our account efficiently? Please share your suggestions so that we can also know how they really works!!

[David Fx 10]

Nowadays am in a trading game- competing against other trader in some 1on1 or tournament games. I find this one more profitable and interesting than trading with a broker.:haha:

[samuel23 10]

Alright well this is a good way of earning money as Forex games provide a lot of advantages in some way. I presume Forex contest is another way of making money as the best is that it is more easy and it allows you to connect to people around the world.

[MaksymGra 10]

Well I have some experience trading with 3 brokers, with all of them I have remained dissatisfied.

 

Problems: execution is very slow and horrible on the re-quotes. Then: too often price reaches stop loss and then goes back, but nothing like that with take profit. The rest is secondary, the main thing - trading problems.

 

This is my question as well - does is it work like this with all FX brokers or maybe there are better brokers? I would join TS and will be glad to hear some feedback from you, based on your personal experiences with different brokers.

[Patuca 13]

Nope .....trust no broker.

[MaksymGra 10]

No advice, personal experience, anyone?

[henryduncan12 10]

I think it is better to learn about trading and manage your own account and also if you will have good knowledge then you can coordinate very nicely with your broker.

[fxpartyguy 10]

of course I trust, is proven when I finished yesterday's trading session and then reopen my mercerfx platform balance is not reduced amount, even increased lol:haha:

[prax 10]

brokers trust are not simple thing gained from just trading condition, or any promotional offers. it;s a thing need to built regularly, once it's broke it's hard to start over people's trust.

I use many brokerage service for years, and there's only a few account who I held for long time. my ECN account with Tickmill (use to Armada markets) are among those long period account.

after the CHF event, my trust are getting more stronger as they fully protect their clients for negative balance. and for start over trader, they now offer 15% deposit bonus, wish I could another detail for registration because it;s only limited for new clients.

[fxeconomist 11]

brokers trust are not simple thing gained from just trading condition, or any promotional offers. it;s a thing need to built regularly, once it's broke it's hard to start over people's trust.

I use many brokerage service for years, and there's only a few account who I held for long time. my ECN account with Tickmill (use to Armada markets) are among those long period account.

after the CHF event, my trust are getting more stronger as they fully protect their clients for negative balance. and for start over trader, they now offer 15% deposit bonus, wish I could another detail for registration because it;s only limited for new clients.

 

Got two my friends signed up under this promotion.

Very good conditions on bonus release, btw.

[fxpartyguy 10]

Got two my friends signed up under this promotion.

Very good conditions on bonus release, btw.

 

Do they have IB system working? It shows as "coming soon".

 

Or it was simply plain recommendation by you?

[Ammeo 10]

Maybe i do , Maybe i dont.

 

I dont have any problems with my broker as of yet.

[CrazyCzarina 17]

Yes, i do trust my broker. LMFX offers are very good and attractive. They have high leverage for newbie so do try with opening Demo account with LMFX. 

[zdo 20]

Long long ago I worked in the brokerage business and for a time was a principle in a brokerage where I networked with and recruited  from brokerage firms of all sizes and types... I can categorically state that if you trust your broker you are a rube at best.  If you have all you funds at one broker or even two diff brokers, you're an idiot.  Brokerages and the people they attract from the top to the bottom are everything fiduciary is not.   While it's perfectly fine to be satisfied with the costs, fills, and service you receive from a brokerage... it is not perfectly fine to let that cross the line into 'trust'.  As a client, you need to stay vigilant and ALWAYS be ready to jerk your money at the very first hint of trouble.    

as vaguely as possible,

zdo

[tradeforever 10]

I trust my broker but not the market 😃

Edited January 26, 2021 by tradeforever

[CrazyCzarina 17]

After hiring a broker you should trust your broker for better trading result. You should analyze  broker initially.