For those wanting to know which brokers we'd generally recommend, our list would be below, but it is not to say they are better or worse, just that we have used them :-
AxiTrade, FXCM UK, FxPro, IBKR, SaXO, Capital Index
AxiTrade, FXCM US, IBKR, SaXO, ThinkandSwim
Australian/New Zealand Residents
AxiTrade, FxPro, FXCM Australia, IBKR, SaXO, IC Markets
FxPro, IC Markets, FXCM Hong Kong
When trading, you want good technology, strong customer service, consistent pricing, and a global presence. Being that we have worked with FXCM for many years, we know them inside and out and still have a lot of relationships there which we’ve known for a long time. Because of this, they take care of us and any clients who come under our banner.
Their TS2 platform is one of the most user-friendly platforms out there with a solid charting package. They also have their own MT4 with no 3rd party bridge which makes for faster execution. They also have the Active Trader Platform for accounts of 25K or larger where you get much tighter spreads.
You also do not want to trade with a small broker as they will trade against you since they do not have the number of accounts to offset positions internally. This is why we recommend large brokers.
The other retail broker we currently trade with is AxiTrader in the UK which offers solid technology, good pricing, and generally runs a tight ship.
If you are trading over 100K, then emails us and we can recommend institutional platforms for your trading needs.
FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries - and we are still growing.
FxPro offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals and Spot Energies. We provide our clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.
FxPro UK Limited is authorised and regulated by the FCA since 2010. FxPro Financial Services Limited is authorised and regulated by the CySEC since 2007 and by the FSCA since 2015. FxPro Global Markets Limited is authorised and regulated by the SCB.
As a strong proponent of transparency, we establish the highest standards of safety for our clients' funds. For this reason, client funds are kept in major international banks and are fully segregated from the company’s own funds.
IBKR and SaXO:
The professsional end of the platform market, fees are higher but with that you do get a very wide range of services, we use both on a regular basis for CFD's, Stocks, Options and ETF's.
Trading & Charting Recommendations:
We have been using MT4 since 2005 when it was released and I have never left. Well, not entirely true. I moonlighted with another charting platform Quotespeed before it got pulled by Morningstar so went back. Since then, Dave and I used nothing else but others have uses the TS2 platform and some software called smartcharts (But this is broker linked software, so not independantly priced). New boys on the block for us are PowerDESK powered by FINECO and CTrader from Spotware Systems, and they are both sound peice of trading and charting software.
Beyond this, we could scoope many platforms saying much about charting except doing so is not what we do, we use the free ones, like FXCM’s TS2 MarketScope Charts and MT4 whiich are sound charting packages. For new comers to the market place the webplatform Tradeview software is coming of age and is very usable now.
Hopefully that gives you some good information.
Any further questions, do not hesitate to email me email@example.com