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LMAX Review

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LMAX Review – Introduction

LMAX is a very exciting new Forex and CFD broker that uses a technology that differs from the coveted ECN and STP systems used by other brokers, namely “Multilateral Trading Facility” (MTF – more details below).

With a host of trading platforms, and supporting MetaTrader 4 via a bridge, it promises to have the best executions, spreads and no requotes of any retail Forex broker. As you may appreciate, finding an honest, reliable broker can be a challenge, so this may well be what we have all been looking for (please see this link for other Forex broker reviews, including impartial reviews from our members).

Below is a Q&A that forms the basis of this comprehensive LMAX Review.

[Important Update! Find out how to get rebates on commissions and also get an account with only $1.000 instead of the usual $10,000 - please scroll to the bottom of this LMAX review for more details of this fantastic offer for Forex FX Trader members and readers.]

LMAX Review – Q&A

(Thanks to Frederik Ohlson of Lmax for the answers to the below questions for our LMAX review.)

When was LMAX founded and what its relationship to Betfair?

  • LMAX was established and is majority owned by Betfair, the world’s leading sports betting exchange, and launched in October 2010 after nearly three years of development.
  • Based in the UK, LMAX is authorised and regulated by the Financial Services Authority as a Multi-Lateral Trading Facility (“MTF”). MTF is defined in the Markets in Financial Instruments Directive (“MiFID”) as a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments – in the system and in accordance with non-discretionary rules – in a way that results in a contract in accordance with the provisions of Title II of MiFID.

How is the LMAX Exchange trading technology different?

The LMAX exchange venue’s award winning ‘disruptor’ technology ensures orders are processed and matched with unprecedented speed and efficiency. Key characteristics of LMAX Exchange technology are:

  • Ultra-low latency and superior performance matching engine
    • Low latency (common execution speed <5ms)
    • High throughput capacity > 100k messages per second
      • Capability to process institutional trading volumes
  • Full range of connectivity options
    • UIs, APIs (.NET, Java, FIX 4.2), leading MT4 bridge providers (Gold-i and PrimeXM)
  • Straight Through Processing
  • Reliable and robust platform
    • Formal change control system with comprehensive software testing
    • Dedicated servers to run acceptance tests ( 4000+ tests run on new system functionality)

Which base account currencies do you offer?

At the moment we offer USD, EUR, GBP and AUD as base accounts currency. We are looking into offering more base accounts currencies as the demand grows.

What is your minimum lot size?

Minimum trading size is a micro lot, 0.01.

What is the maximum leverage you provide?

Maximum leverage is 1:100

Do you allow scalp trading and/or the use of high frequency trading systems?

Yes, we allow scalping and high frequency trading systems.

Can traders place S/L or T/P as close as they want to the current price?

Traders may place their S/L and T/P as close as they would like to the current price.

Can you please explain the commission charges?

The standard commission structure is as follows:

  • FX : $25 per million based on notional traded amount (or $0.25 per $10,000 contract). Minimum commissions apply to FX trades that are less than 1 standard lot. Please refer to Instrument information on the LMAX Exchange trading platform for further details.
  • If you are trading FX then the rate is 0.0025% of the notional traded value of the second currency (equivalent to $25 per million dollars traded)
  • CFDs:

-            GBP traded instruments: £0.25 per contract traded; subject to a minimum £0.50

-            EUR traded instruments: €0.30 per contract traded; subject to a minimum €0.60

-            USD traded instruments: $0.40 per contract traded; subject to a minimum $0.80

How does LMAX Exchange offer security and reliability?

  • For ultimate security, LMAX is regulated and authorised by the FSA as an MTF (Multilateral Trading Facility) and as a broker.
  • In compliance with FSA regulations ALL client funds are kept in 100% segregated client accounts.
  • All LMAX Exchange Contracts for Difference (CFDs) are centrally cleared via LCH.Clearnet and margin FX products are bilaterally cleared via our institutional prime broker, JP Morgan.

What is LMAX Exchange?

The LMAX Exchange is the first multi-asset trading facility that offers a new way for IBs, Brokers, Professional Traders and Institutional investors to trade FX and CFDs.  LMAX Exchange offers direct access to live, tight, executable, institutional prices.

  1. Below is the schematic overview of LMAX exchange
LMAX Review Schematic

LMAX Review Schematic

  1. Difference between an MTF and an ECN:
LMAX Review - MTF Vs. ECN

LMAX Review - MTF Vs. ECN

 

What are the benefits of trading on the LMAX Exchange?

  • Direct access to market maker liquidity
  • Market/limit orders & ultra-fast execution (orders typically matched under 5ms)
  • Anonymous/neutral trading with no re-quotes and no “last look”(unlike ECNs)
  • An open order book, price transparency and market depth (up to 20 levels*)
  • Competitive aggregated spreads set by the market – not by LMAX
  • The ability to make your own market by placing your order into the order book
  • Ultra-competitive trading terms (plus, LMAX does not oppose client positions)
  • Flexible connectivity options – MT4, MultiCharts, FIX Protocol, Java, .Net & mobile
  • The credibility of an MTF authorised by the FSA in the UK

* Available through FIX API to Professional account holders

 How are the prices set on the LMAX Exchange?

  • The LMAX Exchange offers clients direct access to live, executable, institutional pricing. Execution via our open, anonymous order book ensures the best bid and offer prices are set by the market.
  • Clients don’t have to accept the price offered in the order book – they can post their own orders at any level and wait for it to be matched.

Why is LMAX Exchange totally neutral and transparent?

  • On the LMAX Exchange there is no dealer intervention – and never any requotes. We don’t hedge, or oppose client positions either. LMAX purely and simply matches the best bids to the best offers.
  • There are no hidden charges on the LMAX Exchange. Nothing extra is built into the spread. Charges are entirely transparent. Just as on an institutional exchange, LMAX charges a commission rate per contract depending on the instrument.

LMAX Review – Conclusion

LMAX looks to be the most exciting broker to come around for years. Whilst the more sceptical amongst you will say that is not difficult, LMAX looks to address many of the problems we have seen with so many brokers.

Possibly the worst drawback was the account size needed to get trading on LMAX – $10,000 is the smallest for a Classic Account. However Lmax have agreed to reduce that dramatically.

Additionally, they do not accept US clients at the present time.

Despite this, the conclusion of our LMAX review would be to strongly recommend you take a look if you have the requisite account size and aren’t based in the United States.

LMAX Review – Important Update

If you sign up for LMAX from the banner below (simply click the link to open a new tab/window), not only will the minimum account size of $10,000 be reduced to $1.000, you will also be eligible for monthly rebates on commissions and your withdrawals will be free of charge (regular LMAX clients must pay a small fee for withdrawals).

We hope you take advantage of this fantastic service and that you enjoyed this LMAX Review

LMAX Review - Visit LMAX Now

LMAX Review - Visit LMAX Now

Dukascopy Review

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Dukascopy Review by Vassilis

[In this review, one of our members, Vassilis, shares his experience with the broker Dukascopy. Vassilis (AKA Capsmart) is one of the resident Forex experts in our Forum.]

Dukascopy Review

Dukascopy Review

This is a Swiss broker. It is more than a broker. It is a bank. You can have a saving account and use web banking to pay your bills. It was my dream when I started trading. At the time to open an account with Dukas you needed at least 50.000 dollars and the spreads varied according to the account size.

With 250,000 or more you get the best possible commissions. Competition did it again and Dukas will accept much smaller accounts now (5,000 is the minimum). Since I had this opportunity I could not refuse it. The paperwork takes a little bit longer but nothing extraordinary.

My Dukascopy Experience

The platform is a custom java platform that offers lots of indicators and adjustable time frames. They also provide P&F charts in case you like them and a kind of volume information, Level II style is available but it moves so fast that you cannot really use it.

Entering the platform is a pain. No way to remember your password that you have to type it every time, plus a non-readable field, like the ones we use when registering in sites with words that you have to type but are hard to read. Dukas uses numbers instead of  letters but it is hard to distinguish a 3 from an 8.

I did not face any problems with re-quotes. Execution is fast and spreads are ok for the majors. Since it is not a metatrader broker you cannot use the EA’s but some systems have been developed for them. They provide a toolbox that (if you are a programmer) you could use to open and close trades without using their platform (not advisable). A forum provides solutions and some extra indicators are created from time to time by experienced traders. Well to be honest, competition did it once again and they provide a metatrader bridge but I would not suggest it. If you want to use Dukascopy you better learn to use JForex (their own platform).

They run contests (on demo accounts) every month and the winner gets a 5,000 dollars prize and a free trip to Geneva. Only manual trading is allowed. Starting amount is 100,000. For this month 1,064 are competing. The worst has 140 dollars in his account and the best 540,000

Plenty of info is available at their site if you like fundamental analysis or want to know what the big boys have to say about the markets. Dukascopy TV is also available if you prefer to have a pretty face reading for you what you usually find at forex factory.

Dukascopy – Conclusion

So if you look for a broker that is solid as a bank Dukas is your choice. You will have to learn their platform and it will not be easy to have robots trading for you.

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[In this review, one of our members, Alex, shares his experience with the broker Dukascopy. Alex (AKA Raa) is one of the resident Forex experts in our Forum.]

Dukascopy Review by Alex

Many of you know about this prominent Swiss broker. Recently, besides being a regulated Swiss FX broker, Dukascopy has became a Bank, by obtaining a banking license. Well, from a security of funds prospect it can hardly go any better, since all Swiss commercial banks are following strict banking regulation of Switzerland. So now it means not only you can trade with Dukascopy but also you can open an account directly with them and have your funds right there (it can be expensive though).

My Dukascopy Experience

Dukascopy has been notorious for a complicated opening process, however, in my experience it has been eased a lot lately. You need all your normal documentation, such as address verification, signed application and a notarized copy of passport, but it has to be sent to Dukascopy by a physical post. In my case it took only 1 day (from Czech Republic to Switzerland using ordinary post), and next day my account was open. It was faster than some “easygoing” brokers that don’t require much documentation but then don’t rush too much.

Deposit is done with a wire transfer, however, a new division of Dukascopy called Dukascopy Europe now allows credit card deposits, however at rather high cost. In any case, a minimal deposit now is just 1,000 USD or equivalent, so the entry is on par with most brokers out there.

So really it takes only 3-4 days to get your account open including a paperwork and a wire transfer deposit. If you live in Europe, at least. As far as I know, Dukascopy is not accepting US clients any more like many other brokers, due to US regulations and applied force.

Dukascopy offers you trading with 3 trading platforms: Java, JForex (also a java client), and Web. First and second are almost the same offering different layout, where Java is suited more for manual trading, and JForex for both manual with using technical analysis and algorithmic. Web one is good to use on the go.

Dukascopy has been experimenting with MT4 a while ago but finally dropped it. However, where Dukascopy has dropped, a company called Fair Trading Technologies picked up and now offers a fully-functional MT4 bridge to Dukascopy. FTT is being renumerated for its services with an additional fee you will have to agree to and post a limited power of attorney to Dukascopy. Currently this fee was lowered and stands as 10 USD per million traded. For currency pairs with quote currency being USD, it accounts to 0.2 pips per order (open and close).

Dukascopy itself is being renumerated in fees as well. If you are looking to open a small account and trade longer term shooting for 50 pips or more, it should not really bother you, however if you aim is scalping doing many transactions with a few pips profit, then it can be a show stopper. Dukascopy offers a progressive fee schedule based on a deposit size and volume traded per month:

==>  http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/commission-policy/

For small accounts fees can be quite substantial, as 48 USD per million will transform for example for 1 lot traded on EURUSD into 48*2*0.1*1.3 = 12.48 USD, or 1.25 pips. You may notice I use 2 as multiplier because volume of transaction consists of first opening a trade( for example buying EURUSD) and then closing a trade (selling EURUSD), and since we are buying and later selling 100,000 of euros, we are in fact transacting 130,000 USD each time (roughly) since volume is calculated in dollars.

If you are planning to use MT4 with FTT, then you have to add 10 USD per million for them, resulting for a small account into 1.5 pips commission.

However if you are about to invest 50,000 usd or equivalent then you are standing a commission of 18 USD per million, so for our example you will pay 18*2*0.1*1.3 = 0.468 or just 0.47 pips. With MT4 it will be around 0.65 pips.

Good news is you can open an account with Aslan Group, and receive a nice rebate of 33% of the commission back. Dukascopy pays rebates directly into your account so no need to worry about PayPal. This rebate does not apply to FTT comissions, but still it can be a nice option.

If you plan to use the renowned Million Dollars Pips EA  with Dukascopy via FTT, I shall worn you it does not work very well. While FTT MT4 is actually rather fast (faster than most brokers with native MT4), the way Dukascopy delivers its price feed (via FIX protocol that is notorious for bad backfilling) results in a lot of small chart gaps that influence MDP performance. I was running a live test with FTT/Dukascopy for about a month and found it unsatisfactory, as exactly the same configuration applied on other brokers with similar latency delivered much better results while Dukascopy result was negative.

Dukascopy – Conclusion

All that said, if you trade manually you will find JForex a relatively good platform to use (maybe slow on backfilling and few glitches here and there but still fast fills and much better for scalping than MT4), supporting many technical studies, and alternative charts like Renko, Range bars, Point and Figure, Heikin-Ashi.

Customer service is just fantastic, you will be assigned with a personal manager who will promptly assist you with your queries. Phone dealing is secure, just as a Java/JForex platform, that requires 2-factor authentication.

I personally like Dukascopy and feel safe with it, however due to my developments currently being tied to MT4 I am not using it at the moment, but I plan to re-develop my tools and strategies for JForex and move to Dukascopy.

There are few other brokers I feel as confident with as with Dukascopy and I will write later about them.

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If you are not based in the US, we are able to assist you with Broker Rebates for Alpari and other Forex Brokers. Just click the image below to find out more.

If you are interested in finding out about other Forex Brokers, please see our Broker Reviews section to find more independent reviews by our members.

We hope you enjoyed this review of Dukascopy

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Alpari Review

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Alpari Review by Vassilis

[In this review, one of our members, Vassilis, shares his experience with the broker Alpari. Vassilis (AKA Capsmart) is one of the resident Forex experts in our Forum.]

Alpari Review

Alpari Review

I have been trading with Alpari for some time now. It all started when I bought my first robots. This was the time that I also created my VPS account.

My Experience with Alpari

They are a well known broker. It is a metatrader broker but they also provide a platform for “the big boys” that has low spreads and no dealing desk. Unfortunately I am not using the no-dealing desk option because I have a small account with them. The result is constant re-quotes even on calm times. I would not suggest using Alpari for a robot trading because of the re-quotes. The best way to use this broker is with pre defined take profit and stop loss levels. I do not remember having problems using this procedure.

Spreads even for low-end traders are good. Every morning you receive a financial report with all trades. This is only if you traded. One more is available at the end of each month. It is useful to print it and keep it for your records.

Something that I used for some time is the AlpariSquawk. It is free for real accounts and you can hear the news as soon as they are out. On their site you can also find additional “goodies” that I never used, like a chart pattern recognition software, daily analysis that can be delivered to your mail box.

Alpari – Conclusion

The final verdict is that Alpari is a broker with a good reputation, low spreads where your money is safe. You will suffer from re-quotes when opening or closing your trades so it is better to use limit and stop orders. Not advisable for robots.

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If you are not based in the US, we are able to assist you with Broker Rebates for Alpari and other Forex Brokers. Just click the image below to find out more.

If you are interested in finding out about other Forex Brokers, please see our Broker Reviews section to find more independent reviews by our members.

We hope you enjoyed this review of Alpari

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FXOpen Broker Review

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FXOpen Broker Review by Omar

[In this review, one of our members, Omar, shares his experience with the broker FXOpen. Omar runs the Forex Robot Tests section of our website.]

FXOpen

FXOpen

Another broker I have used in the past was FXOpen and I will share my review here.

I used FXOpen for almost two years and had a great experience with them.  There was only one really bad part about the brokerage and that was live customer support.  I will get to that later.  I chose them because they seemed to offer a good ECN setup and extremely low spreads.  They truly delivered what they promised when it came to spreads.  On the Eur/Usd, I would regularly get as low as 0.1-0.6 during higher volume times.  I’ll get to all that in a little bit.

Who are FXOpen?

Location: Cyprus although you will be sending your money to a bank in Latvia if you send a wire

US Clients:  No, I was booted from there for being a US client

Account Types:  6.  They have a micro, a standard, retail ECN, PAMM (managed account) Standard, PAMM ECN, FASS (mirror trading) Standard, and FASS ECN.  The micro, standard, PAMM standard and regular FASS accounts are market-maker accounts meaning the broker takes the counter-position for all trades you make and are essentially done “in-house”.  The 3 ECN versions use FXOpen merely as an access to a liquidity provider and they pass through the orders to the open market.  The standard FXOpen ECN account is the one I used and will be discussing for the remainder of this review

ECN Conditions:  FXOpen offer razor-sharp spreads that I honestly have never gotten with any other broker I’ve tried (5 altogether).  Spreads are almost always less than 1 on the Eur and usually less than 2 on the GBP.  There are no restrictions to where you can place orders as they allow you to place a limit or a stop order 0 pips away from market price (excellent for some EAs and for very small time-frame trading).

The execution is fast (1500ms to open an order & 500ms to modify) but not mind-blowing by any stretch.  Many brokers promise less than 500ms (my current one quoted me 300ms when I opened account and it actually is 1700ms to open an order).  But fast enough to run just about any commercial EA with excellent success.

The commission payable to FXOpen when I was there was $7.00 USD per round-turn standard lot of 1.00 which equals 100k of base currency on the Eur/Usd.  If you plan on using an EA that trades large lots, these commissions rack up pretty quick (I was paying twice my mortgage payment a month in commissions on an account under 10k).  I just went back to their site and they seem to have gone down to $5.00 per round-turn standard lot which is way more competitive in my opinion.

The FXOpen ECN uses Metatrader 4 and also gives you a program to look at level II market depth which I thought was pretty cool.  You will find that EAs function well in the FXOpen environment.  Spreads are very low, nothing  weird happens to them around news (although they can open a bit, but that is normal with ANY broker unless you have a fixed spread which they will probably lock you out of the market during wild volatility).  Very consistent trading environment.  My favorite part of the experience.

Money Handling:  FXOpen has an AWESOME back office where you start with a “main” account, then you can create “sub-accounts” to trade with.  You send money in and out of your own bank to the “main” account and then from the “main” account, fund any of your trading accounts or remove money from them.  It’s very handy if you want to segregate different strategies and most money transfers between internal accounts is handled in less than one hour with my average experience being around 20 minutes!  FXOpen lets you withdraw and deposit money in a variety of ways, from Moneybookers, to bank wire, to actually sending you an FXOpen debit card linked to your account!  I found this impressive and unique to my experiences with brokers.

Support: A HUGE black eye to FXOpen in an otherwise wonderful operation.  This part STUNK!!!   The FXOpen live chat is hosted by people that don’t greet you.  I cannot tell you how many times on live chat the first line was me saying “Hello???????” Then after minutes of waiting for someone to respond, you get to speak to someone who either: Cannot speak the language you do AT ALL, and types like a child when you are discussing very technical and important financial matter.

OR, they take sometimes 30 minutes to respond back and their responses MANY times are very defensive or they just try to brush you off by referring you to a link on their website which does not answer your question.  When, they informed me that I would have to withdraw my funds from my account because of Dodd-Frank compliance, I used their live chat to initiate a bank wire and get the procedure (it would be cheaper getting a lump sum this way).

THEIR SUPPORT DID NOT KNOW HOW I COULD WITHDRAW MY OWN MONEY.  After an hour of frustratingly trying to explain I was making a withdrawal and NOT a deposit, they simply told me they couldn’t help me anymore because I’m a US client and they couldn’t talk to me and said goodbye!!! I was sickened to my stomach.  What was going to happen to my money??  They can’t even help me with a withdrawal!!

When I looked for a phone number to call………there was none!!  The closest thing was a “partner” in Russia.  Literally if you go to their “contact us” part of their website, the “call us” section literally has nothing in it.  It just goes to “fax us” (FAX US?? Really?? Still faxing away there people???).  There are a ton of email addresses though to various support and that was my only recourse.

Luckily FXOpen handled everything perfectly through the email process.  The people on the other end of the emails cannot be the same incompetent people doing live chat.  ALL my emails were handled promptly, courteously with knowledgeable responses.  My money transfer took a matter of days and all I paid was a Moneybookers fee to receive it (they couldn’t do the bank wire for some reason!)  Still support is a scary thing to deal with at FXOpen.

My Overall Experience with FXOpen

I truly enjoyed trading at FXOpen and would still have an account there if not for regulations in the US prohibiting that.  If they fixed their customer support operations, they would have a very top-notch brokerage.  My advice to others is that the trading conditions are great there but be prepared to take a risk on support.  I wouldn’t put a ton of money there until they fixed that.

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If you are not based in the US, we are able to assist you with Broker Rebates for FXOpen and other Forex Brokers. Just click the image below to find out more.

If you are interested in finding out about other Forex Brokers, please see our Broker Reviews section to find more independent reviews by our members.

We hope you enjoyed this review of FXOpen

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Forex.com Broker Review

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Forex.com Broker Review by Omar

[In this review, one of our members, Omar, shares his experience with the broker Forex.com. Omar runs the Forex Robot Tests section of our website.]

Forex.com
Forex.com

Forex.com was the very first broker I ever used when I started trading forex.  I chose them because they had a commercial on CNBC (oh boy, great way to make a decision huh?).

I had no idea at that point there were a billion brokers worldwide but I figured Forex.com must be the biggest because they had a commercial and they were the only forex broker I ever saw advertised.  I didn’t know anything about brokers in forex because my only trading experience up to that point had been in equities.

Who are Forex.com?

Location:  44 Wall St., New York, USA

US Clients?:  Yes,  with restricted trading (Dodd-Frank rules: FIFO, no hedging, 50:1 leverage on majors, 25:1 leverage on exotic pairs…..YUCK!!!!!)

Account Types:   Three.   Forex Trader Pro which can be used in a variety of ways (their trading platform, a web-based version, mobile platform).  The second is the Forex.com standard MT4 account using metatrader.  The final one is for high net-worth clients and is “true” ECN.  I used their MT4 account so that’s what I’m going to discuss for the rest of this review.

MT4 Account Details:  This account is a “market-maker” account.  You are essentially trading “in-house”.  There is NO commission but spreads ARE higher than a commission-based broker.  They say the average spread is 1.5 on the EUR/USD.  This was NOT my experience.  I would say the average spread is 2-3 on the EUR and 4-6 on the GBP!  On more exotic pairs I regularly saw spreads over 10! Forex.com make their money from the spread AND when you lose a trade.  The trades have weird restrictions on open like you have to set your order AT LEAST 5 PIPS away from current market price!  Your trailing stop has to be a MINIMUM of 5 pips if I remember correctly.

Support:  TOP NOTCH!  Forex.com have a 24-hour a day toll-free number where you can call and speak to someone almost immediately.  You can place trades over the phone, move stops, get technical help with your account and everyone I ever spoke to was very friendly and helpful.  THIS IS THE VERY BRIGHTEST SPOT OF FOREX.COM.

Personal Experience:

I signed up for Forex.com and deposited my $500 and got started.  I threw an EA on there (FapTurbo) and started my adventure in trading.  The experience I had at first was that it was very easy to sign up and deposit money with them and I was trading live money within 2-3 days of signing up.

I chose the Forex.com MT4 account because that’s what my EA used.  At the time I had no idea about different types of platforms or accounts and I had signed up for a “market-maker” type of account.  What a “market-making” broker is one who every time you take a trade, they are the actual counter-party in the trade meaning when you buy something you are buying it not from the open market, but your own broker.  When you sell, same thing.  So in essence, if you win, they lose money and if you lose, they make money on the trade!!  Conflict of interest anyone??

I also started to notice spreads were very high.  At this time in my forex experience I was starting to see advertising promising spreads I wasn’t even in the same ballpark as and began to wonder why not MY broker?  The execution was horrific.  Slippage and trying to do ANYTHING in a fast moving market was almost impossible!!  Spreads would widen by 10s of pips during news.  If you had a stop anywhere near price (and I’m talking 30-40 pips away sometimes), you would get stopped out sometimes during more volatile times.

Needless to say I continued with them when they transferred me to the UK branch because of Dodd-Frank, and shortly thereafter they made me come back to the US and trade under the absolutely ridiculous restrictions that now exist for US traders.  I withdrew my money and looked elsewhere for a broker.

Would I Recommend Forex.com?  

Nope, not even a little bit.  There are so many other brokers out there that are not market makers that why would you use one??  All aspects other than telephone support failed in my opinion.  Knowing what I know now about brokers and trading, I would DEFINITELY not use this one.  Now, I can only speak on the Metatrader accounts.  The other ones they have may be very good but MT4 is my “weapon of choice” in the market and that is what I used and that is what I experienced with them.

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If you are not based in the US, we are able to assist you with Broker Rebates for Forex.com and other Forex Brokers. Just click the image below to find out more.

If you are interested in finding out about other Forex Brokers, please see our Broker Reviews section to find more independent reviews by our members.

We hope you enjoyed this review of Forex.com

 Forex Broker Rebates

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