Looking for Genuine STP Broker with Low Spreads?

[leenora46 10]

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.

[ForexTraderX 10]

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?

[henryduncan12 10]

Why and how did you come through to "Tradingforex" broker?

[leenora46 10]

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

[leonelucy5 10]

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

[MadMarketScientist 11]

Pretty cool comparison tool for FX Brokers

 

Compare Forex Brokers | Investopedia.com

 

MMS

[SpideySense 10]

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.

[leenora46 10]

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

[barako 10]

I thought your were looking for an STP broker, but I guess you already found, and there is this feeling that you've made up your mind, well from one trader to another BEST OF LUCK

[xuzhu 10]

My current broker is hotforex, which is STP broker, you can have a try to see whether it's your fit.

[TradingForecom2012 10]

My broker is TradingForex.com and i am very satisfied with them they even launched a very professional website

[Savant 10]

Will check it out. Ty

[Gringo 10]

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

[TradingForecom2012 10]

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.

[Savant 10]

Sound interesting about that broker...

[TradingForecom2012 10]

What is a Spread?

 

Spread can be defined as the difference between the bid and the ask price. Generally speaking, more liquid currency pairs have smaller bid/ask spreads. Less liquid currency pairs have larger spreads.

[Galacticus 10]

IB

cant be wrong

 

http://www.interactivebrokers.com/ibg/main.php