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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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yan7181
post Nov 16 2017, 01:17 PM

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Is purple trading broker okay? It's from Cyprus, not atas regulations
yan7181
post Nov 17 2017, 02:10 PM

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Any broker that allows news trading? I have tried many, their slippage is killing my account. So need those fast execution. And slippage small.
yan7181
post Nov 22 2017, 03:28 PM

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Thanks for the recommendation. I used lmax before, but if I am not mistaken, they are no pending order function. All are instant market orders. Even in the mt4, I placed pending order. To them, they will just trigger it when the price reach there. And they do not welcome news trader.
yan7181
post Nov 22 2017, 03:30 PM

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QUOTE(duplicated @ Nov 17 2017, 05:08 PM)
Slippage is normal when you use market orders during economical events, even in 'better' brokers.
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I am using pending order to avoid slippage. But even with pending orders, when the orders were triggered, it's still far from my pending orders.
yan7181
post Nov 23 2017, 12:47 PM

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QUOTE(duplicated @ Nov 22 2017, 04:35 PM)
You are probably using a market maker broker who can manipulate your trades. Using a true ECN network broker should not give you any slippage using a limit order. Unless you use pending Stop Orders
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i am using straddle news trading method. pending buy and sell before the high impact news. The broker keeps telling me during news the slippage can be very high, but 20++ slippage is hard to swallow
yan7181
post Nov 23 2017, 09:49 PM

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QUOTE(duplicated @ Nov 23 2017, 05:06 PM)
Then it's a stop order. Even a reputable broker will have slippage during the news events.
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Thanks. Guess mt4 not suitable, will try fix api.

 

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