Choose a Brokerage Services

Find a good brokerage services : Regulated vs Unregulated ones

To be honest, when i jumped to the forex forum, i'm tired with forum peoples that alwas give oppinion like

• You must find a brokerage services that regulated by 5 big regulator : UK, US,Canada,Japan, Australia, Swiss,or other good regulator, do not choose off shore brokerage services
• You must find ECN/STP/NDD broker, do not trade with market makers
• Do not use brokerage that offer under $1000 minimal deposit,thats stupid

When read this kind of comment, i just say. COME ON !!

Give me one prove/example, when i use a regulated brokerage services and they run away or bankrupt, regulator will return your money?and how regulator will paid your money?using their own money?do not make me laugh.
Regulator will sue this broker and they will return your money?if they declare bankrupt, how they can even pay you?

ECN/NDD/STP and do not trade with market maker?LOL ! Oanda is market maker, and lot of people still trade with them. not all ECN / STP/NDD broker are good, and not all market maker are bad.

Do not trade use broker that offer under $1000 min deposit?for certain country, $1000 is not too big amount, but for some country, $1000 is very very big amount to risk. Give me one reason why i must risk $1000 and not $1 or $10 in order only to learn forex trading?

What a cocky people.

Bear in your MIND ! Forex trading risk is not only from market fluctuation, but from broker side too.
Do NOT EVER BELIEVE any regulations. They do not have power to return your money.

If you want to choose a brokerage services, make some search, DO NOT LAZY!
of course we do not want investing our hard earned money in brokerage services that has low cashflow, do not have financial problem.

Do some research,ask other opinion.

For example : Instaforex, lot of people yelling this company is bad market maker,but the fact, they always people profit even your profit is too awesome.
Ask people that HAS EXPERIENCE trading there and never BELIEVE PEOPLE that never ever deposit even a single DOLLAR in a company, and said  scam coz some people say the same thing.

If a brokerage has IB programs, search and ask their IB,at least 10 IB. If you can find more than 10 IB's.that means this brokerage is good. Ask them,are they commision paid by the brokerage?

Do some deposit test and withdrawal test, i suggest you use MB or paypal,so if they refuse to pay you, just dispute them.LOL.

Make some search in popular forex forums, and if you find broker banner in a forum/blog/website, ask the admin bout advertising. We can find a good retail broker, pay huge amount only for advertising.This mean, this broker has money.

Do not rush into a new broker,just wait and see for 1 years

Look into their promotion and find out, are they terms to withdraw a withdrawable bonus is too complicated to reach/understand?if yes , Leave it.
If they offer creative promotion ,thats a good sign. Read the terms, if too complicated to understand, LEAVE IT

Read carefully the terms, some brokers offer huge bonus just for a lure, the bonus even its withdrawable,you can not maintain your trading position using bonus, if your deposit amount become zero, some of them will withdraw your bonus.Be carefull with this kind of broker.


Here is some of my suggestion based of my own experience.


 

Armada Markets Review

 Armada Markets Review

Now i will make some review bout brand new "estonian" broker called ArmadaMarkets


Rarely we saw brokerage services without client cabinet / member area. They claim, without client cabinet, they do not must install plugin into their server so its make armada server as they claim," become one of fastest server in this industry", with out no requotes or any trading restriction. So you can freely trading using scalping system, news trading,or extreme lot trading.

Because ArmadaMarkets does not have client cabinet, if  you want to open account, make deposit or withdrawal, you must sent request to their finance.For me its ok contacting Finance in order to make withdrawal /deposit request, but some other people this is a  complicated process. But as long as they pay your withdrawal and credited your deposit, i think no problem with that.

Deposit Withdrawal Operations

For payment methode for deposit and withdrawal, armada markets  provide traders with bank wire options, Neteller, Liberty Reserve ,MoneyBooker, and credit card deposit/withdrawal.
You can read bout deposit instruction here and withdrawal instruction here
They promises that you will got your money 1-72 hours if you choose wire transfer withdrawal.Quite fast huh?where you can find something like this if not in armadamarkets?

Account Specifications

Claim partners with LMAX and other big counter party /Liquidity Provider, ArmadaMarkets.  provide trader with awesome trading condition.
They Offer 2 kind of account, a fix spread account called Classic and Exchange for variable spreads account.

Classic Account Specification :

• Fixed Spreads,For Eur/USD , charged only 1 pip spreads- lowest spread in the fixed spreads market
• no commision 
• and minimum deposit only $100

and Exchange Account

• Spreads starting with 0 pips
• lowest commision : $2 for 1 lot, which as far as i know, lowest commision in the market.
• Low min deposit only $300

General Trading Account terms

• Leverage available: up to 1:500 (for balance from 0-10,000 USD, more than 10,000 USD leverage is 1:200)
• Execution model: DMA (direct market access), NDD (no-dealing-desk), STP (straight-through processing)
• Base currencies: EUR, GBP or USD
• Min trade size: 0.01 lots (0.1 for metals)
• Margin call / stopout: 100% / 30%
• Trading style: Absolutely all trading styles are accepted – high-frequency and high volume trading with EA-s and algos, hedging allowed, FIFO rule not applicable
• Primary trading server: London (backups in New York and Zurich)
• No requotes, no dealer intervention
• BBO, market execution, positive slippage
• Trading platform – MetaTrader4
• Spreads fixed or from 0 pips
• Forex instruments – 60 currency pairs
• Precious metals – gold and silver
• Maximum leverage up to 1:500
• Margin call / stop out level – 100 / 30% 
• Minimum opening deposit: 100 EUR, GBP or USD
• Minimum trade size – starting from 0.01
• Telephone trading – yes
• Account currency – EUR, GBP, USD
• Commissions – zero on Classic account
• Scalping, hedging and expert advisors allowed

Promotions

When i tried their 15 Euros welcome bonus for new client i quite surpraise and satisfied with their server,their fast execution and no rules trading terms,which means they do not ban trading system, and they will happy if customer made profit, good company condition, and i saw - as far as i tried brokerage services- only 2 broker in this blog has same condition,love is their client profit.ArmadaMarkets and NatureForex

Anyway their promotions is quite creative, i can't say unique because other broker has this programs too,but creative,out of the box.tried your luck and trading system and join their promo "Trader of The Month" to win money prize credited to your account. And their condition quite fair for this contest

Dont forget refer a friend programs,with unique terms, like if you refer a friend, you will got $15 and your friend got $15 too..its worthed win-win solution

well that s all i can say bout ArmadaMarkets
Give this new broker a chance, made some deposits to try their services. If you satisfied with them, spread armadamarkets name over the world.


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