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Can anyone recommend a good Forex Broker?

Ashish Kulkarni

Contributor
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Aug 20, 2018
90
66
Stirling, UK
Hi guys,

I am looking for a broker that will allow Forex Trading and 1:400 to 1:500 leverage.

Any broker with good reputation, fast pay in and pay out would be great.

Thanks in advance for any recommendations.

Best regards,

Ashish.
 
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V8Bill

Gold Contributor
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Speedway Pass
Feb 9, 2012
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2,109
Australia
I've been using IC Markets for ages. Being in the UK they will allow you to open an account. Because of the strict (and insane) US laws they don't accept clients from the US but the whole rest of the world is welcome.

IC Markets is one of the best (if not THE best) brokers/dealers out there. In Forex they're called "dealers" not brokers.

Fast in and out (instant in - I use POLI - and next morning out). 500:1 leverage on currencies and 100:1 on oil (trading oil against the USD - WTI/USD - is the best thing to trade in my opinion) but more importantly they're an ECN dealer which means they're not market makers which means you're trading directly to the market, which means you're not trading against them which means that more importantly...they're not trading against you.
 

V8Bill

Gold Contributor
Read Fastlane!
Speedway Pass
Feb 9, 2012
642
2,109
Australia

Not really very helpful. OP asked for a recommendation based on (I presume) personal experience. Asking the internet for "good forex broker" isn't going to help anyone. It's such a broad term and addresses none of the specific requirements OP asked for but at least you got to roll your eyes which would make you feel good so at least you got something out of making a totally unhelpful post.
 

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