Need Paying Forex Sites

India
August 29, 2009 3:28am CST
Hi all, I am searching for some forex sites which are paying. I signed up with Etoro but after reading negative comments from many. I canceled my account. Please don't refer me to any site just because you signed up with them. I want some genuine sites which have been around for some years and have a high rating. At the same time, I want to know sites where one can deposit a minimum of $25 to start trading.
1 response
@Mge3dme (29)
• United States
31 Aug 09
For $25 I would recommend MasterForex. They have micro accounts available and instant account opening. I think they even allow hedging which is no longer allowed in the United States and scalping also. There is a site http://www.forexeasynow.com that offers 75% off their prediction formula if you sign up with MasterForex through them. MasterForex doesn't have too many bad complaints about them too. Please keep in mind that you can not believe all bad reviews out there. I'm not saying that EToro is a good broker but all I'm saying is that many of these bad reviews are from amateur Forex traders who lose their money because they do not fully understand what they are doing so then they get mad and post bad reviews about the broker they traded with. Other bad reviews will actually be made by a broker's competition! Anyone can sign up and leave a bad review about another broker to keep traders from signing up with them. This is the oldest trick in the book. Also, all Forex brokers pay unless they are proven scammers. And if they don't pay it's usually because a trader either didn't make profit or lost all their money. I am sure EToro does pay or they would not be such a popular broker. I personally trade with IBFX which requires $250 to start. If you do a search on them you will find bad reviews abut them too. They are one of the best brokers ever but yet there are still bad reviews. I have never had any problems with them. Just keep this in mind if you already didn't know it. Good luck.
• India
1 Sep 09
Thanks Mge3dme for your informative post. I will check in to this link that you have given. I had signed up with Etoro but canceled my account after reading negative accounts. I had even downloaded their practice account and I found that it is easy to understand if one follows instructions. So I was surprised how this site could be a scammer.
• United States
1 Sep 09
Thank you and I'm glad to be of some help to you. Feel free to ask me if you have any questions about Forex later. Forex trading can be hard to learn in the beginning but I think it's worth the time.
• United States
1 Sep 09
This discussion was meant to be about Forex trading.