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How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
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jeffreyosr
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 Apr 1 2022, 06:37 PM
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New Member
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Btw DrFX, like to ask you on a good broker you would recommend ? Conditions:
1. Actual market quotes & No artificial slippage via plug-ins / mark up at the bridge
2. Preferably with insurance compensation scheme in the event of insolvency of the brokerage.
3. No B-book / minimal
4. Security of funds
5. Leverage not relevant
I've been using Global Prime for some time and they recently moved clients to their Seychelles regulated entity. What are your thoughts on Seychelles ? What brokers do you use ?
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jeffreyosr
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Apr 3 2022, 09:22 PM
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New Member
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QUOTE(DrFX @ Apr 2 2022, 06:38 PM) Hi Jeffrey, Global Prime is an Australia ASIC regulated broker. Seychelles is mainly for leverage purpose. It should be fine. Most of the top tier brokers are operating from offshore for leverage benefit. Below are brokers offering indemnity insurance protection with ECN spreads. 7. ICM.com21. AIMSThanks DrFX. Considering moving to Interactive Brokers as after making comparisons, should be the safest for funds security. Any experience using IBKR to trade CFDs for forex, metals, energy, indices ? |
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jeffreyosr
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Apr 3 2022, 10:02 PM
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New Member
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QUOTE(DrFX @ Apr 3 2022, 09:34 PM) IB is more to shares trading. For FX CFDs, you need to compare the spreads yourself. The spreads are comparable to the other brokers. Haven't used IBKR to trade CFDs on other instruments to experience the execution. |
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