Recommend me a forex broker that you have an acct with..

P

pipshower

Active Member
#1
#1
Hello everyone ,
i have been trading forex for quite a few years now
and till date i used oanda as my forex broker
But now i want to open an account with other broker
just recommend me a broker that you have an account with...
And write abt broker as --
Deposit method --whether accepts credit card
withdrawal method--
then your experience etc..
Waiting for your reply..
 
beethoven

beethoven

Well-Known Member
#2
#2
pipshower said:
Hello everyone ,
i have been trading forex for quite a few years now
and till date i used oanda as my forex broker
But now i want to open an account with other broker
just recommend me a broker that you have an account with...
And write abt broker as --
Deposit method --whether accepts credit card
withdrawal method--
then your experience etc..
Waiting for your reply..
Click to expand...
Why do you want to change from Oanda? What problems are you facing with them?
Bee
 
P

pipshower

Active Member
#3
#3
beethoven said:
Why do you want to change from Oanda? What problems are you facing with them?
Bee
Click to expand...
The reason for shifting from oanda is i am not able to fund the oanda acct now with my paypal acct using credit card , i am not able to understand why it isnt getting funded with paypal acct using my credit card
 
P

pipshower

Active Member
#5
#5
musicjunkie said:
Pipshower,
Do you live in india? If you do then what is the process of opening a forex account?

MJ-
Click to expand...
Before opening an acct with any broker you need to know which broker is suitable for you
which trading platform you need
what is your investment amount etc
and you need to have verification documents like driving licence or passport and electricity bill/telephone bill etc scanned ..

But before you go live trading , practice on demo so you can get idea of how to trade forex and after you have 3 months of profits on demo go live ...
Well if you are newbie do demo trading thats my advice
if you need any help just ask me..
hope this helps
Regards
Pipshower
 
M

musicjunkie

Well-Known Member
#6
#6
pipshower said:
Before opening an acct with any broker you need to know which broker is suitable for you
which trading platform you need
what is your investment amount etc
and you need to have verification documents like driving licence or passport and electricity bill/telephone bill etc scanned ..

But before you go live trading , practice on demo so you can get idea of how to trade forex and after you have 3 months of profits on demo go live ...
Well if you are newbie do demo trading thats my advice
if you need any help just ask me..
hope this helps
Regards
Pipshower
Click to expand...
Thank You Pips for your quick reply,
Here are a few questions,

What is the smallest contract we can take in forex, say for eur/usd or Usd/Jpy, how much will one basis point equal to in rupee terms with one (smallest) contract

I have heard, the RBI limits these investments, is it true?


Regards,
MJ-
 
Last edited:
P

pipshower

Active Member
#7
#7
musicjunkie said:
Thank You Pips for your quick reply,
Here are a few questions,

What is the smallest contract we can take in forex, say for eur/usd or Usd/Jpy, how much will one basis point equal to in rupee terms with one (smallest) contract

I have heard, the RBI limits these investments, is it true?


Regards,
MJ-
Click to expand...
The smallest contract as such differs with each and every broker
On oanda you can trade any size you choose and in forex you buy one currency and sell other which is a pair ..so you trade forex in pairs
About RBI regulations
Read here
http://www.rbi.org.in/scripts/faqview.aspx?id=53

I hope this helps

Regards
Pipshower
 
R

rockyrocksu

New Member
#8
#8
Hello

I know about MRC Markets. They have Meta trader as their platform, which is quite common and an open source. Along with that their spreads are very small (1 or 2 pips mainly). They are trying to setup a system, wherein, Indians would be able to pay by debit or credit cards directly. I know their Indian representative. I am still on demo on their platform, as not gaining proper confidence yet.

Hope it helps
 
S

starvx

New Member
#9
#9
I use forex.com. So far, I have had very little problems. But then again, I know there are a lot of options available and I have not yet compared them to all the rest.
 
D

duster

Member
#10
#10
pipshower said:
The reason for shifting from oanda is i am not able to fund the oanda acct now with my paypal acct using credit card , i am not able to understand why it isnt getting funded with paypal acct using my credit card
Click to expand...
You can try my company - Forex4you, maybe you will like it :)
At the moment we only got an office in Mumbai, but we will expand.
You can check: http://www.forex4you.com

Our CC billing works much better than PayPal.
 
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