Hello everyone.
Could someone point me in the right direction, i'm looking for a serious broker that isn't out to screw you over.
Preferably with a hefty number of employees, good support, long time in the business, respectable among professionals.
I'm looking at FXCM as they seem quite legit with 700 employees and been running since the late 90's.
Would you recommend FXCM?
I don't care about hedging, but I do want my account to be an existing separate account (not a consolidated super account that they dump every clients' assets in) and I of course want fast execution, Reasonable slippage, semi-low spreads are ok, I do enjoy scalping, but I tend to go a bit semi on that so doesn't have to be super low spread.
There are SO many brokers out there and I get the feeling it's mostly not very serious companies.
I was "this" close to open a 5000USD account with Dukascopy in Switzerland, 10 years in the business, low spreads, fast execution, slippage control, really nice and smooth platform, No.2 on a global top ten review site!!
Sounded great!
Then I started to find reviews of people actually using them getting 30 and 60 pip slippage, despite they set it to max 10. Dukascopy replied quite a few times with only excuses and in the end stated that this is normal to happen in market conditions.
Ooook, I'm not gonna use a broker that considers a 60 pip slippage to be normal.
I do like the idea of a broker in Switzerland due to their privacy tradition.
Are there any legit and decent brokers in Switzerland?
I hope someone can turn me in the right direction in this seemingly large minefield of brokers.
With kind regards
Jesper