Complete Brokers ?
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Thread: Complete Brokers ?

  1. #1
    Hello, my name is Suhanto Agus.

    I am a new member, please kindly guide me in this entire world wide investment jungle.

    I am wondering is there any broker at which we could trade FX, asian stocks, commodity in a single account? (I have understood GCIFinancial, but I want to have a comparison)

    Thanks You.

  2. #2
    Offering You zek132, I have looked it, I get confused searching for what exactly spreads and total fees to exchange CFD shares. I have have a Currency Market account with Interbankfx, but I also have curiosity for CFD miniature share, concentrated in Mini Hangseng Index. Anyway, surely GCITrading.com isn't a scam, right? (I am going to open a CFD miniature share account with them, or do you have a different recommendation?)

    Thanks again.

  3. #3
    They aren't a scam, no... nevertheless, I have had a Forex trading account with them, and was quite disappointed. I would get requotes all the time (during quiet hours) and in general, implementation was quite poor. If this experience is anything to go by, I might avoid them. Loe a nice broker, it is going to save a lot of greef. I would always rather select a ECN or a STP or a Direct Access boroker rather than a market maker. But, I am not familiar with CFDs therefore the situation may be different...
    P.S if you're confused, simply call IB, I am sure they'll answer all your questions... and I am also fairly sure that they are one of the cheapest around, and also a good firm. Quality is also very significant, don't forget

  4. #4
    Really Thank You for your friendliness, right now it only you zek132 who post for me personally

    If it comes for forex, I've an account in Interbankfx, so far I've not trade any position yet, I am still practicing. Therefore I asked concerning the complete brokers, does InteractiveBrokers allow scalping? In fact in my own country for trading forex, stock index, never had any regrets nor policy about scalping trading (maybe because the spreads is really big, for major currency around 6 pips commission around $30 a standard lot, and also for inventory index it'd around 10 - 15 pips spreads commission around $25 a standard lot?)

    - I usually Buy / Sell and shut my position below 5 minutes, sometime it only 10 seconds, I've contacted GCITrading, they don't allow it and don't wish to tell me their policy (Interbankfx let me so long as I stay in the market for 90 seconds)

    I wonder if any broker that may traded Mini Hangseng Index and let scalping too? (right now I'll Attempt to contact InteractiveBrokers)

    Thank You.

  5. #5
    Again, there is a big difference between Interactive Brokers and InterbankFX, InterbankFX is a market maker, that means that every order you make, they take the flip hand. So for them, it is much better that you loose all your money so they get to maintain it. Interactive Brokers on the other hand, does STP(straight through processing), they simply receive the comission from you, along with the spreads are true interbank spreads (0-2 pips on Forex Majors) InterbankFX only has the Interbank in order to deceive you into thinking that you're trading interbank. Search google for ECN, Direct Access Broker, and STP to Learn more...

    Best regards,

    Vlad

  6. #6
    I'm Suhanto, from Indonesia (sorry if you heard bad things about my nation ), for me, I try to be a great one.

    The more I search advice, more fear commerce with GCI, most people explained that they're manipulating and throw away our desired price.

    Please inform me if you know brokers which could exchange Mini Hangseng Index (I figure in regards to CFD, it's forbidden in US) and Hangseng Index Options and low prices.

    Thank You.

  7. #7

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