Recommended brokers

[mentosan]

Hi,

I saw that the recommended brokers are Hotforex and Blackbull Markets. I know also that the EA Studio history data is provided by JFD and Dukascopy. I wish to know wich from the 2 history data fit best for Hotforex&Backbull ? And how is possible to be recommended 2 Brokers from which we have no history data provided in EA Studio?

 

regards,

Sebastian

[gert.ljungqvist]

Hello
I use Dukascopy as my broker. I get a quick response from the agent. The only problem was when signing up it was a tedious process of mobile phone verification and document uploading. Otherwise, I am happy with them after two months of use

[Petko Aleksandrov]

Hello Gert,

Yes, this is a trusted broker. This is why we have added them to the Trusted Brokers page (many students gave us good feedback about Dukascopy). I am using them as well mostly because of their Historical data, and the Forex Historical Data app works with the data they provide.

With some brokers, it is a headache to go over the verification process, but this is a sign of a legit broker. The scam broker would take your money first, and then they would ask for documents, so you can’t refund.

Anyway, I would appreciate it if you have any other feedback, so we will keep on the Brokers Page the most reliable brokers, and we will keep the students and the traders away from the scammers.

 

 

[Ilan Vardy]

Hi Sebastian,

We use the free Historical Data app, or Premium Data (DukasCopy) or Metatrader (JFD) data, as you correctly say. This is because they offer us the most amount of bars in the historical data. But this doesn’t mean that these are necessarily the best brokers to trade with.  That is why, in EA Studio setting, there is the Symbol Settings option. This is where we can customise the asset according to the specifications of our chosen broker. In this way, we have a huge amount of historical data available to us, and we can cutomise it to be suitable for any broker of our choice.

 

Thanks,

Ilan

 

[mentosan]

There is a difference in bar values and 2H between Premium Data and Dukascopy. I’m not sure that Premium Data is from Dukascopy.

[Petko Aleksandrov]

[mentosan]

Thanks Petko

[Petko Aleksandrov]

It is from there. You must synchronize the time zone. Check the time on your broker – look just above the Market Watch, and set the settings in the Historical data App before you download the data.

 

[mentosan]

My Broker is Dukascopy, from where is also the Premium Data. Look :

[Petko Aleksandrov]

I know that :)

Look at the market watch. Abot the market watch you will see your local time for the server. Then you need to synchronize it with the Historical data. Or you can compare any of the Hourly charts:

[Ilan Vardy]

Hey Riuzk,

It’s difficult to recommend a broker, and we avoid recommending brokers because there are a number of factors to take into account. For example, the spreads that brokers offer, are not always the same in every country or location. The same with leverage. In some countries the leverage offered is higher than others, due to the regulations there. Have you had a look at the Brokers page yet? You may find some useful information there.

https://eatradingacademy.com/trusted-forex-brokers/

 

Thanks,

Ilan

 

[riuzk]

Hey Petko,

May i ask which forex broker you recommend when it comes to demo testing?

Usually i see that most demo account expires after 30 days, and i have asked for unlimted time, but they would only give me very few of them, while i need much more for my testing.

 

Would love to hear back from you.

Thanks

[Stefanos Ioannou]

My broker is not listed for account sync. I did message them to provide me the info to add them or add themselves but they are a bit slow on requests. In the meantime is there any other place I could sync my account statistics?

 

[Petko Aleksandrov]

Hey Stefanos,

Welcome to the Forum! I am not sure if the broker will be able to list itself. I think the website chooses the brokers. Anyway, try with myfxbook. And if your broker is not listed, make sure it is big and regulated.

And the other thing you can do is to place the EAs on a separate Demo account with some of the brokers that are listed. Check out our Brokers Page for a referance.

 

[Stefanos Ioannou]

Great ideas Petko. Thanks for the reply!

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