April 21, 2008
Which Broker Should You Use?
I recently got a question from one of our JumpStart users about why we recommend downloading the Meta Trader (MT) platform from InterbankFX (IBFX). I’m sure there are others with the same question. So here it goes:
A company called Meta Quotes out of Russia writes the Meta Trader trading platform. There are many brokers that use the MT platform, and IBFX is just one of them. I personally like IBFX because they have been around for awhile and seem to be financially solid. They also seem to be improving their processes quite often to make things better for the trader.
One of the most important aspects is that IBFX doesn’t have a dealing desk, which means they do not take the other side of the trade. The trades go directly to the banks so they are not trading against you like brokers with dealing desks. There are many other brokers that are exceptionally good as well. The main thing we recommend is that the broker you use performs the way you like, and that they use the MT platform. The platform is great because the charts, order history, current trades and prices are all in one place. Most importantly though, it’s free.
Topics: Forex Brokers
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