Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

leenora46

Looking for Genuine STP Broker with Low Spreads?

Recommended Posts

I am newbie here and I am thinking of opening an account with Tradingforex.com in Cyprus since I’ve heard they offer really low spreads.

 

Do you think it's safe for me to open account with them?

 

Any input is appreciated.

Share this post


Link to post
Share on other sites
I am newbie here and I am thinking of opening an account with Tradingforex.com in Cyprus since I’ve heard they offer really low spreads.

 

Do you think it's safe for me to open account with them?

 

Any input is appreciated.

 

Care to explain what an STP broker is?

Share this post


Link to post
Share on other sites

Hello,

 

It was recommended to me by another broker saying they have the best spreads in the market and no dealing desk execution!

 

But I am very active in Forex Forums therefore i wanted to get some feedback on them!

 

Thank you

Share this post


Link to post
Share on other sites
Hello,

 

It was recommended to me by another broker saying they have the best spreads in the market and no dealing desk execution!

 

But I am very active in Forex Forums therefore i wanted to get some feedback on them!

 

Thank you

 

 

 

I came across this spread comparison table showing this new company Tradingforexcom clearly has the BEST spreads in the market!!!

 

I thought I would post it here so I can get some feedback from you

 

 

 

Thank you

5aa7113631f34_spreadcomparisontable.PNG.1516fee8d0d17ce13fea4b96d0ab3acc.PNG

Share this post


Link to post
Share on other sites
I came across this spread comparison table showing this new company Tradingforexcom clearly has the BEST spreads in the market!!!

 

I thought I would post it here so I can get some feedback from you

 

 

 

Thank you

 

 

I don't get this post. The chart shows that their spreads are not a patch on Oanda's and thus will come a poor third to a real broker like Interactive Brokers. So was @leonelucy5 being sarcastic or shilling for the company --- I am always suspicious of first posts with such radical enthusiasm.

 

By way of a recommendation, I'd bet that both IB and Oanda were a better brokerage choice than tfc.

Share this post


Link to post
Share on other sites

Hello everyone,

 

Thank you for all your replies!I have been looking around and researching the past few weeks in search for a genuine STP broker that offers good spreads and as it seems everyone is talking about: TradingForexcom

 

I wanted to get some feedback from you if you know anything about this broker! i saw some spread comparison websites and as i saw the offer the very best on the market!!

 

 

If you have any info on them please let me know

 

Thanks

Share this post


Link to post
Share on other sites

Forex trading from what I understand is a losing proposition for over 90% of retail traders. Now giving up to 40% in extra funding is akin to broker going long on these net retail losers. This reduces the net profits of the broker with some increase in revenue due to a lot of new traders having some extra money to lose. Earlier only the new accounts were getting decimated, but now the broker loses up to 36% of their own money with each blown account.

 

The net result is an increase in probability of the non-survivability of the broker. In other words if I open an account with 10 billion dollars the broker is expected to add 4 billion to my account? In this cut throat world does this not sound a bit weird?

 

I have no clue about the broker or its operational and financial capacity. It's the logic of the argument that is perplexing.

 

Gringo

Share this post


Link to post
Share on other sites
Can you explain the definaiton of STP Broker?

 

What is STP/ECN trading?

 

ECN stands for Electronic Communications Network. Trading is performed on an OTC (Over The Counter) market eliminating the role of a third party in the execution of orders entered by the Forex broker.

 

ECN trading gives you direct access to the Forex market (interbank market) where you can trade with other traders and your orders are actually displayed in the market and are seen by others, who in turn can introduce their own orders and if the prices match, a deal is complete.

 

Spreads vary on an STP/ECN currency trading platform. Depending on the volume being traded in a certain pair the spreads will vary keeping in mind the available liquidity needed to support the trades.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.