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Which is better in these Ė FreshForex/Instaforex/TradeWiseFX?

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  • Which is better in these Ė FreshForex/Instaforex/TradeWiseFX?

    In past I have been trading with 100-200 USD, but now I am finally entering into big world with 5k Investment, but I am very nervous about which broker should I trade with? I want to work with one of these Ė FreshForex, Instaforex or TradeWiseFX. I have found them very attractive while FreshForex has issues with slippage and charging too much commission, I feel skeptical about InstaForex since they are rated as Scam on here (FPA) while TradeWiseFX is good in most department, but they are not entirely established, so what to do? Please suggest me something since itís a huge investment and I want to make with the right company!

  • #2
    I suggest you go with a good, highly reputed ECN Australian regulated broker. I use Global Prime, IC Markets and Pepperstone and have also used AxiTrader. If you are in the UK there are some good regulated brokers there that someone here may recommend. Each of these brokers may have an issue on occasion, but overall I feel they are the best for me.

    Many are happy with Tickmill but they don't have solid regulation.

    In general stay away from cent account brokers and those who offer bonuses.

    Good Luck,
    Rod

    Comment


    • #3
      Originally posted by Andre Astawal
      I’ve been working with FreshForex for past 3-4 years, it has been untroubled journey for me with making huge profits regularly, it’s due to their mouth-watering conditions and facilities which is to do with zero spread account, swap free option plus massive rebate program that gives 10 dollars on losing trades and 5 dollar if we win it while not just that, you can also check on their review section where so many clients have posted their positive reviews.
      So it's obvious why you are posting in in so many threads with really nothing to say then except advertising FF.

      Comment


      • #4
        I have been wondering how long it would take the Fresh Forex advertisers to show up. It actually took a couple of days longer than I thought.

        I also wonder why the original poster has not returned?

        Cheers,
        Rod

        Comment


        • #5
          Sound like the same poster every time, I'm really tempted by the 'mouth watering conditions' though.

          Comment


          • #6
            Thanks, explanation not wanted but you need to understand this is not an advertising outlet for you to promote FF services thinly veiled as advice to forum members.

            Comment


            • #7
              Originally posted by Andre Astawal
              I ...... but i don't have to time to explain my self for people like you.
              But you have plenty of time to do a lot of thread spamming!!!

              Comment


              • #8
                I am sad with reading above comments, I opened this thread so I can figure out the right broker, but it seems everyone is interested in their own world. Is there anyone out there who could give me fair idea or suggestion? I checked FreshForex, I donít like them now after reading their policy, so anyone has any idea about Instaforex or Tradewisefx? Please comment only if you can help.

                Comment


                • #9
                  Originally posted by Simson Bosy View Post
                  I am sad with reading above comments, I opened this thread so I can figure out the right broker, but it seems everyone is interested in their own world. Is there anyone out there who could give me fair idea or suggestion? I checked FreshForex, I donít like them now after reading their policy, so anyone has any idea about Instaforex or Tradewisefx? Please comment only if you can help.

                  I am not familar with Tradewisefx but used InstaForex several years ago. I had some bad experiences getting withdrawals. I eventually got them, but had difficulties in the process that I don't experience with the regulated Australian brokers. I can not at all recommend InstaForex.

                  I thought I gave you some useful information in my post right after your first post. Did you not find it helpful?

                  Have you limited your choices to InstaForex or TradewiseFx?

                  Cheers,
                  Rod

                  Comment


                  • #10
                    Originally posted by nwboater View Post


                    I am not familar with Tradewisefx but used InstaForex several years ago. I had some bad experiences getting withdrawals. I eventually got them, but had difficulties in the process that I don't experience with the regulated Australian brokers. I can not at all recommend InstaForex.

                    I thought I gave you some useful information in my post right after your first post. Did you not find it helpful?

                    Have you limited your choices to InstaForex or TradewiseFx?

                    Cheers,
                    Rod

                    Sorry, I missed out on reading that. Thanks for your suggestions. Actually, i have not limited my choices to those companies, but like I mention I have been working with them over the years, but of course with far lower investment. Now, I look for higher investment and obviously with that the withdrawal should be higher as well, so I am worried. I feel very nervous about Instaforex for the reason you mention and also reading many people usually having withdrawal issues, but their conditions are attractive to me especially wide range of instruments which I did not found with too many brokers, I am talking about low investments. Tradewisefx is one that I joined latest; they have been providing me solid conditions especially in terms of withdrawal while their support is also nice especially available on Skype, It doesnít have much history which worries me slight. Anyway, I will definitely try out the brokers you have suggested and let see if I can figure out anything worthy. Thanks again for your suggestion and advice.

                    Comment


                    • #11
                      Originally posted by Simson Bosy View Post


                      Sorry, I missed out on reading that. Thanks for your suggestions. Actually, i have not limited my choices to those companies, but like I mention I have been working with them over the years, but of course with far lower investment. Now, I look for higher investment and obviously with that the withdrawal should be higher as well, so I am worried. I feel very nervous about Instaforex for the reason you mention and also reading many people usually having withdrawal issues, but their conditions are attractive to me especially wide range of instruments which I did not found with too many brokers, I am talking about low investments. Tradewisefx is one that I joined latest; they have been providing me solid conditions especially in terms of withdrawal while their support is also nice especially available on Skype, It doesn’t have much history which worries me slight. Anyway, I will definitely try out the brokers you have suggested and let see if I can figure out anything worthy. Thanks again for your suggestion and advice.

                      I am very dubious of any broker that offers bonus's. And the regulation in St. Vincent and the Grenadines is not typically considered anywhere near the same level as the Australian regulations. I have no experience with this broker but from what little I have seen on their website I would be cautious.

                      Good luck,
                      Rod

                      Comment


                      • #12
                        Originally posted by nwboater View Post


                        I am very dubious of any broker that offers bonus's. And the regulation in St. Vincent and the Grenadines is not typically considered anywhere near the same level as the Australian regulations. I have no experience with this broker but from what little I have seen on their website I would be cautious.

                        Good luck,
                        Rod
                        I obviously understand your point, but unfortunately sometimes we need to sacrifice something to gain bit and bonus in my view is requirement of all new comers including me, I know with big investment you might say why, but it just feels secure to have more in the tank to work with. As per regulation by St.Vincent, I think now days many brokers have that regulation, so perhaps itís not always something could doubt, but again whatever you said holds value and grateful to you for suggesting and even explaining it. Maybe, I might try out one of your suggestions too. I will still consider looking for others views and perhaps more input.

                        Comment


                        • #13
                          Originally posted by Simson Bosy View Post

                          I obviously understand your point, but unfortunately sometimes we need to sacrifice something to gain bit and bonus in my view is requirement of all new comers including me, I know with big investment you might say why, but it just feels secure to have more in the tank to work with. As per regulation by St.Vincent, I think now days many brokers have that regulation, so perhaps it’s not always something could doubt, but again whatever you said holds value and grateful to you for suggesting and even explaining it. Maybe, I might try out one of your suggestions too. I will still consider looking for others views and perhaps more input.

                          I suggest that you research the dangers of using a Bonus, and look very carefully at the brokers terms on their bonus. I believe that beginners especially should avoid using a bonus because they often don't thoroughly understand how they work. You will find that most experienced traders do not use bonuses.

                          About Regulations - There are many different regulatory agencies and they do not all offer the same protection. Many offer almost no protection. Again research is in order.

                          Cheers,
                          Rod

                          Comment


                          • #14
                            I have a $5000 real account with InstaForex. So far I think it offers friendly service, good low spreads and easy to deal with.

                            Comment


                            • #15
                              Originally posted by nwboater View Post


                              I suggest that you research the dangers of using a Bonus, and look very carefully at the brokers terms on their bonus. I believe that beginners especially should avoid using a bonus because they often don't thoroughly understand how they work. You will find that most experienced traders do not use bonuses.

                              About Regulations - There are many different regulatory agencies and they do not all offer the same protection. Many offer almost no protection. Again research is in order.

                              Cheers,
                              Rod
                              Yeah, I actually realize the risk factor with going for attractive offers. I honestly like your suggestions whether itís to do with brokers or with the regulation. In fact, I have usually done research based on brokerís history and stuff like that, but now I have increase my research to locate about regulated companies as well to see what protection they provide me (clients), so thanks again.



                              Originally posted by taylor View Post
                              I have a $5000 real account with InstaForex. So far I think it offers friendly service, good low spreads and easy to deal with.
                              Hi, how many years you been with them? I have some friends who had horrid time with IFX support service especially their Anti-Fraud department, they were very rude and use to reply for simply stuff after several weeks, so I am really doubting them, but anyway can you tell me more, I mean like how many years and how much you have withdrawn and all those things?

                              Comment

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