I’ve a demo account on Alpari Uk & other in Interbank Fx. Both forex broker have good features :
Interbank FX : MT4 broker, no dealing desk, tight spreads, good customer service. Mini account for $250
Alpari Uk : MT4 broker, tight spreads (better than Interbank Fx), good customer service but has dealing desk for live trading (5 – 15 seconds to accept an order). Mini account for $200. Withdrawal is more expensive in Alpari than in Interbank.
I’m wondering if it’s better to trade Alpari Uk than Interbank Forex because I live in France, thus I’m closer to Alpari Uk than Interbank Forex (in Utah) .
I’ve read some reviews and Alpari has better ranking than that of Interbank Forex.
What do you suggest me ? which one is better to trade Forex Market ?
Thank you
To The Positronic Pimp : Why dealing desk isn’t an important issue? since non dealing desk brokers means faster orders passed, with a dealing broker there will be slippage for istance or requoting.

I don’t really see what difference the distance makes. It’s all Internet and the forex market is a worldwide market, unless you were losing some money having to do with currency conversions with one and not the other, which doesn’t seem to be the case. As you said, and according to the source below which has forex broker ratings based upon invidudal traders opinions, Alpari (7.64) ranks better than Interbank Fx (4.81).

I think I would agree with the answer above, all other things being equal, go with the lower spreads.

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I would like to open a forex trading account and looking for a genuine platform for it. Please suggest few good platforms from your experience. Particularly expecting reivew on Paazee.com

http://www.paazee.com/ is more about what the web site doesn’t say. There is no explanation of their charges. They say it’s "commission fee"…. well so are 90% of other FX brokers. They don’t tell you about the spread charge (which is how they make money).

With all the rip off’s and scams in Forex Trading…. you’d be better off with a government regulated broker (which is still not great… but better than most).

GFT
One & One
InterbankFX
FXCM

These are legit, FX brokers with fairly good spreads. Hopefully you’ve taken a year or more to learn the basics of Forex ,"Technical Analysis", Trading Money Management and Trader Psychology. If not…. say good bye to your money.

Of the four listed (above) I use GFT. Be prepared to lose most (or all) of your money on your first account. Most successful FX traders start to succeed on their 2nd or third FX account.

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I am new to forex and I want to get an automated robot that can work for me whilst I am at work. My intention is to get to a level whereby I can use this robot as my full time income. I see from a lot of the Robot’s available like Fapturbo, Monster Forex, Ivybot, etc they all promise great returns but I am very sceptical about the results they show. Can anyone help me in finding a well organised company that can point me in the right direction to enable me to start forex trading and more importantly making some extra money.

Thanking you in advance,

Russell

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

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