Is it better to choose FXDD or Gainscope?

@muhammad rusdy:

-... better to go with gainscope or fxdd?
Answer: Gainscope is a representative of the broker FXDD in Indonesia affiliated with FXDD Malta, but the parent company remains FXDD USA. For your information: FXDD USA has been acquired by FXCM since 2014, so FXDD and FXCM are now one group.

Gainscope provides support services for deposits, withdrawals and other assistance if you have trading problems. The funds you deposit go directly to FXDD, not to Gainscope.

Customers from Indonesia are directed to FXDD Malta (not FXDD USA) to avoid NFA/CFTC regulations, namely: hedging is prohibited, subject to FIFO rules (first in first out) meaning the first order in must be the first order out, maximum leverage of 1:50 and no swap free. FXDD Malta is one group or part of FXDD USA.

You can trade directly with FXDD Malta, but in my opinion it's more convenient through Gainscope because of the support service facilities, and it's free of charge for these services. From those who have traded and are currently trading at Gainscope, as far as I know there have been no problems.

- is gainscope non dealing desk?
Answer: Gainscope is not a broker, but a representative of the broker FXDD, and as far as I know FXDD is a type of broker that is non dealing desk.

- any suggestions between gainscope and fxcm for a daily trader type?

Answer: In my opinion it's the same, both FXDD (Gainscope) and FXCM are both large brokers regulated by credible regulatory bodies. There are also quite a lot of customers here, and both also have representatives in Indonesia. Spreads are also almost the same. Both can be used for daily trading.

It just depends on which one you feel more comfortable with in terms of communication, order execution speed etc. But if you want to scalp you can try to find another broker that is already regulated with lower spreads.
Because FXDD and FXCM are now one group, trading at FXDD or FXCM is the same.

Hello, I would like to ask, if using a hedging strategy, which broker is recommended and has a minimum deposit of under $100
And I would like to ask about the XM broker, is it a regulated/legal broker, is it safe to trade with that broker and is it NDD? 
What do you think about FxMax, is it good and does it have no commission on every transaction? 

@ RidhuaN:

With funds under USD 100, any broker is acceptable, including broker XM. As far as I know, almost all brokers allow hedging except US brokers regulated by CFTC and NFA, and these brokers do not accept customers from Indonesia.

XM claims to be an STP (Straight Through Processing) broker, so it's not NDD. Regulated by FCA, MiFid and CySEC. In my opinion, it's still safe for funds under USD 100.

The latest info is that fxmax is one of the official representatives of broker FXCM Market Ltd in Indonesia, and this broker is regulated by the FCA. There are no commissions for each transaction. As far as I know, quite a few people in Indonesia trade with this broker.

What broker do you trade with yourself??

And what are your recommendations for good brokers?

And one more thing, what is the difference between the mt4 & mt5 platforms and which one is better?

@ RidhuaN:

I trade with one broker regulated by FCA UK, and also with one broker regulated by ASIC Australia.

Broker Recommendation
For brokers, we recommend brokers that are already regulated by credible international regulatory bodies such as: CFTC, NFA, FCA, FSA, FINMA, MIFID, ASIC and FMA. Credible regulatory bodies are those that have been tested and are globally recognized, and impose strict sanctions on brokers if they violate agreed-upon terms.

You can see a list of broker companies that are members of a regulatory body directly on their website, such as the list of brokers registered with the CFTC can be seen on the CFTC website, as well as for other regulatory bodies.

Among these regulated brokers, you should determine for yourself which one to choose after trying it through a demo account, because the criteria for compatibility of each trader with a broker are different, especially in terms of comfort for trading and support.

We suggest you choose a regulated broker that has a representation in Indonesia to facilitate communication.

The assessment of whether a regulated broker is good or not is relative, depending on each trader. Some consider a broker good because of its fast support service but others say it is not good because the spread is a bit high, so it depends on which factor makes the trader comfortable.

Metatrader 4 and 5
For the Metatrader platform, MT5 has more technical indicators and time frame options, as well as other features not yet available on MT4 such as economic calendar etc, but there are some unusual restrictions for MT4 users. For more information, you can read: What are the Advantages and Disadvantages of Metatrader5?

To date MT4 is still more popular than MT5, and many traders still use MT4, especially those who use EAs with the MQL4 language must use MT4 because MT5 cannot read MQL4. MT5 has its own language, namely MQL5, and most popular EAs are still written in MQL4. So currently MT4 is still widely used and is still considered good.

Why are Brokers like FXMax, Gainscope, Fxdd, Fxcm etc. complicated in making deposits and withdrawals, requiring you to fill out a form first and transfer within 1-5 business days, even though these brokers are included in legal, safe, and trustworthy brokers. Unlike FBS, Instaforex, etc. where their withdrawal or deposit process is quite easy through their applications and transferred within 1-2 hours. What is behind all of this?

To Yaya,

Yes, that is because the broker has carried out everything in accordance with the Standard Operational Procedure established by a reputable regulatory body. As for deposit and withdrawal transactions, brokers with regulatory status from reputable regulatory bodies generally only accept transactions via bank wire. It is very rare for a reputable broker to accept transactions through third parties. Therefore, it is reasonable if there are various requirements and complicated processes that must be passed. This is done to create a recorded, safe and trustworthy transaction.

The higher or more reputable the license of a broker, the more requirements and complicated and lengthy processes the client will naturally go through. This is done to create a safe trading environment.

Hopefully this helps.

Could you please enlighten me, sir. For local brokers, in your opinion, which is better among Monex, GkInvest, Askap, Valbury? If possible, with a little review hehehe. Is there anything you can recommend, sir...? 

Thank you in advance

@ Mulyadi:

I have personally traded with 2 of the 4 brokers you mentioned. From my experience, the support is good. You can trade at the broker's office anytime (open 24 hours from Monday morning to Saturday early morning).

The facilities for trading are very adequate, with real time news provided, TV to monitor financial news, and regular reviews and recommendations, both in terms of fundamental analysis and technical analysis. You can also consult with expert traders or senior traders.
Regarding withdrawals, everything goes smoothly, as long as the requirements are met.

In my opinion, the support quality of the 4 brokers that are regulated by Bappebti is almost the same, because competition between local brokers is also very tight.

Good afternoon, if the gold spread is $0.30 (no commission), why does it show as minus 3 on mt4? Please enlighten me, thank you.

@ pili:

Sorry, could you clarify what you mean by: appearing as minus 3 on MT4?
Perhaps you could provide an example, or a screenshot of what you mean?