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Broker discussion area

trader

October 18, 2009

yeah, thanks a lot Guru, I've been on this site for almost a whole day now.

trader

October 20, 2009

Hi BrokerGuru,

Congrats on a great site.

I am looking for a broker who facilitates money managers through a Multiple Account Management (MAM) type platform. They should allow for hedging, micro-lots, and opening capital of around USD 500.

Thanks.

BrokerGuru

October 21, 2009

Thank you!
I don't have the info about all MAM brokers yet to be able to answer your question.
I'll work on it, already on my list. Just give me a week or two.

trader

October 28, 2009

Hi, Does Broco and UWC have a regulatory bodies above them.

BrokerGuru

October 28, 2009

Both brokers are regulated.

Broco is regulated by Federal Financial Markets Service - is the federal executive body that controls and supervises activity in the financial markets, including the activity of exchanges, and issues the relevant regulations in Russia.

UWC is regulated by CySEC - The Cyprus Securities and Exchange Commission, as well as falls under MiFID – the Markets in Financial Instruments Directive.

trader

November 1, 2009

On your site, under "scalping" What does it mean when it says "yes - monitored"?

BrokerGuru

November 1, 2009

When classifying brokers regarding their scalping policies, and a broker says that they allow scalping, the challenge is to find out to what extend the scalping is actually allowed.

"Yes - monitored" means that a broker states that they allow scalping, but then it is a remark added (for each broker it's different) that if you scalp aggressively and they discover this (obviously they will do, if you show consistent profits with quick in-out trades) you'll be asked to stop scalping or your trading conditions may change (e.g. widening of spreads, delayed execution etc).

So, since broker says they don't ban scalping entirely, we list it as "Allowed", but a further remark suggest that aggressive scalping won't be possible in the long run.

Rahman.S.

November 29, 2009

BrokerGuru,

I have been practicing for over two months on a Demo Account with Easy-Forex and have got some angles on forex trading. I don't agree with their set pips as I think there are not very competitive, plus in volatile market trading, their system response at snail pace.

I am planning to start a modest Live account next month, but is still hesitant as I am very uncertain and confused as to whom I can trust my money with.

Any suggestions?

Rahman.S.

BrokerGuru

December 9, 2009

Hi Rahman,
If you don't like execution and spreads on a demo with a broker, I woudn't hope that things will improve once you start trading live.
I'm not suggesting brokers, because every trader has own preferences about an ideal broker and ideal trading environment. My advice would be to read reviews about 4 and 5 star brokers across multiple websites and then pick few brokers, and do a detailed research on them, including demo testing a platform at the end.


trader

April 15, 2010

InstaForex is not coming out even if i not choose any condition. Please have a look and thanks for your Great Search function. :)

BrokerGuru

April 15, 2010

InstaForex is not yet listed in the Search.

trader

September 25, 2010

Almost all Binary Option brokers are located in Cyprus. Are they save to deal with ?



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