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Default 09-03-2005, 05:08 PM

An interesting post about online brokers for "inactive traders" was made by fireinak on FW:

"I have accounts at Scottrade and Firstrade. Neither has any inactivity fees, or hidden fees (as long as you receive electronic statements from Firstrade). If you are only looking at investing in stocks, I would say Scottrade is better since they have brick and mortar offices you can visit, and they seem to be a much larger company. Since you are new to investing, you may be more comfortable speaking with someone in person. The only downside on stock trading with Scottrade is that they do not offer dividend reinvestment.

If you think you may get into mutual funds as well, then Firstrade wins hands down, since Scottrade charges $17 for every mutual fund transaction, whereas Firstrade is free if you hold for 180 days. Both have similar costs for market and limit orders. Although, Firstrade does offer free dividend reinvestment.

Each broker is required, by law, to disclose all fees and charges on their websites, so you should be able to find that info linked somewhere on their main page.

Also, each broker offers ACH so you shouldn't have to worry about paying for a bank wire. "

Source: fatwallet.org/t/52/515623/





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Default 10-02-2014, 04:21 AM

I have heard and have seen so many brokers taking advantage of an inactive trader which i am completely against as i feel if we deposit our own money then we have the right to trade or not to and that is why i prefer a broker like OctaFX which gives me complete freedom and also features like Instant payments, low spread and amazing bonus like 50% on every deposit which is seriously helpful especially for newbies who have low capitals to trade with.





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Default 11-14-2014, 03:30 PM

Quote:
Originally Posted by Caine View Post
I have heard and have seen so many brokers taking advantage of an inactive trader which i am completely against as i feel if we deposit our own money then we have the right to trade or not to and that is why i prefer a broker like OctaFX which gives me complete freedom and also features like Instant payments, low spread and amazing bonus like 50% on every deposit which is seriously helpful especially for newbies who have low capitals to trade with.
I completely agree with your view. It is okay for any broker to close a demo account if we are inactive there, but if we have already made investment and still if a broker decides to close out our account than it is against the laws, therefore I prefer trading with a regulated company like you mention OctaFX, as that ensure that our investment is safe from these kind of actions and OctaFX is always known for their amazing attitude towards newbies which is why they are so popular amongst youth.





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Default 11-17-2015, 03:28 PM

I believe if any trader is inactive then we can never achieve success no matter which broker, but just matter of answering I will also go with suggestion that you guys said which is OctaFX since I am too working with them and they are pretty special company to work with given they donít have any conditions or restrictions in what way we work, so that makes trading so easy and straight forward, but I again see no sense in trader working consistent inactively, as Forex is a type of work where high level of concentrate is necessary and without that, it is very likely that we will go nowhere, therefore we must be pretty consistent in working in Forex to get success.





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Default 08-18-2016, 11:58 AM

For me, itís no rocket science with OctaFX been the best for every right reason. They are one of the most reliable and bank able broker plus have epic set of conditions that works nicely for me especially low spreads from 0.1 pips to high leverage up to 1.500 plus there is also massive rebate scheme that gives me 50% back on all trading orders which includes losing trades too, so thatís why I am able to work so nicely and it brings a lot of rewards to me. Also, they have 24/5 active customer service which adds up to me being comfortable, I believe when you know that your broker is there for you all the time then it helps in working better.





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Default 06-21-2017, 05:49 PM

Yes, it is like that only but obviously the level of motivation and all that is different. So, thatís what we need to be careful about. I operate under FreshForex where I can get awesome $2017 No Deposit Bonus, itís extremely good and allows one to perform well in every way. Also, itís ideal alternative to ordinary demo account.





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