Reviews and Comments – Page 495

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Mohammad, How long did you trade news with them? We do not have news with good and fast move in this 2 months. I trade UK trade balance with 9 pip slippage last week (position opened at highest price of market)
Finex mohsen 19 Mar 2007 Reply

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They rip you off on their demo...at least they have that much integrity!
Oanda David 18 Mar 2007 Reply

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Their ranking reflects their integrity... That is, dead last and down the shit hole.
FOREX.com Kain M 17 Mar 2007 Reply

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Many of the comments here are completely wrong. The margin increasing at weekend was clearly signalled. In any case it no longer happens. When the market is moving very rapidly do you really expect a window on your computer relayed by god knows how many other computers to instantly reflect what is happening at Saxo? That said quote box requotes are not that common in my experience....and all i am talking about here is that is at these times it comes back for you to have another go....and you get in. The box changes colour when the market is moveing fast to show you it is requoting. I have never seen a limit fail to fill on a spike to my advantage. And never seen a stop missed by more than a couple of pips. I have the impression that people who write on these boards no nothing of the realities of retail forex. Service is excellent. Placing stops can be very very difficult in a fast market and there are other issues related to wanting to profit in fast markets about speed of access to change existing instructions and so forth. It could be better but it could be much much worse. Is there better somewhere?
Saxo Bank Survivor 17 Mar 2007 Reply

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The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

I can help you think if you want Merlin. When trades are rejected its because you are with either an ECN or STP broker. ACM is an STP broker and not a market maker. Therfore they depend on the liquidity on the market. Such brokers do not accept traders who try to scalp or arbitrage prices, they told me flat out. If you had 12 trade rejections from them it will be the same with any non market maker broker. A market maker will not let you get out of your position until it is in open loss so there is nowhere for traders like you to go. I know this because news trading was my first appoach to forex aswell. Its not as easy as people may think it is. After more or less a year of reading and education I finally am able to really trade based on technical anlysis, short and long term positions, hedging on multiple crosses. To end it I opened with ACM and frankly the platform works fine, it never freezes and they actually do honor the prices, they just dont bother with scalpers. Time to learn to trade for you or find something else to do because blaming the broker will not make you a better trader if you ask me. Try elsewhere and you will see yourself or believe me because I went though quite a few before understanding that I was the problem, not the brokers. The fact that you say they have a banner by the way really made you sound like if you were working for a jealous broker who cant match with ACM, there are banners all over this site. ACM is number one and thats why I trade there and they deserved my post. All you guys here complaining are just losers who dont know how to trade. Bye
ACM ECN & STP 16 Mar 2007 Reply

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And up from me !
Interactive Brokers Fred 16 Mar 2007 Reply

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Don't know about this one. Could be bad like Forex.com
We'll see what happens...
Gain Capital Chait Tran 15 Mar 2007 Reply

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I don't see what people are talking about, huge slippage. I trade news through them all the time and worst slippage I got was 2 pips. I got 54 pips slippage from IFX and 86 pips one time from FXCM. The execution at Finex is the best I experienced compared to the rest of the brokers out there.
Finex Mohammed 15 Mar 2007 Reply

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Just started trading with them recently and i am very positive about them. They have fast reliable execution and serve with very friendly customer support.
Finex Hannes P 15 Mar 2007 Reply

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fast execution but hugeeee slippage on economic news
Finex kiana 14 Mar 2007 Reply

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very bad. stop loss no guaranteed( I loss 2 more pips) - 5% fee for egold transfer - Bad slippage on news time - do not try it
Finex m. soura 13 Mar 2007 Reply

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Richard, I do not agree, demo is good. did they change their demo server?? Anyway, many thanks to you guys, your comments has helped me to understand how they achieve to be so big. It has helped me to understand their exe. Tks
Dukascopy Emmanual 13 Mar 2007 Reply

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One of the worst bucket shops out there. They claim all shown prices will be honoured - what garbage - In 5 hours they rejected 12 of my trades. One trade was preplaced and accepted by there platform just to be rejected when the price was reached - I would have made 80 000GBP on that one trade alone. Quite a surprise that they are rated as the best site - and there paying banner is above - Makes you think does'n it?
ACM Merlin 13 Mar 2007 Reply

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i love them !!!!!!!!!!!!!!!!
Saxo Bank dina 12 Mar 2007 Reply

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XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

Why bother with sister company? Why not just be one company?
NorthFinance skeptic 12 Mar 2007 Reply

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A broker that modifies the prices before a news announcement is a market maker covering himself just like FXCM. If It was STP or ECN the spread widening would be during the news announcement and last maybe one minute or 2 max. Its an easy way to spot a bucketshop market maker broker... 1 pip spread is their fake promise to get you in. take care.
Crown Forex bucketshop 12 Mar 2007 Reply

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NF and WestCap are sister companys.
Each site linked to other one (see the links on the botton of each sites)
NorthFinance Alireza 11 Mar 2007 Reply

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Their people populate the forums and give BOGUS accolades. THAT is scary and unethical!
Oanda Ken 11 Mar 2007 Reply

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Vse promolchat nikto ne skazhet
Crown Forex Arlum Bachelor 10 Mar 2007 Reply

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Very nice site!
Crown Forex John 10 Mar 2007 Reply

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this borker is scam, becauase i am a newa trader and this broker without any attention;in news times increase offset to 20 0r 30 up from your prices from 3 - 30 minutes before and after news.
Crown Forex Jack 10 Mar 2007 Reply

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i opened account and they gave a gift of $100 so my experience with them has been great!
Forex Club clay 9 Mar 2007 Reply

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Very good execution. I dont mind the spread as long as I get filled and the spread is competative. I use to trade through a firm that promised 1-2 pip spread but they would try to screw with me every chance they got. Slip me and requote me all the time especialy when I was trying to get out of a winning trade.
Finex franco coreli 8 Mar 2007 Reply

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Are they regulated and where?
Some one told me that WestCap owns NF. Is this true? If so then why have 2 different names?
NorthFinance skeptic 8 Mar 2007 Reply

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Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

guys, you can test it, you will enjoy... they have the biggest liquidity.
Dukascopy Robin 8 Mar 2007 Reply

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Noholdbars ... I bet you loose money where ver you go and with any broker - learn to trade you fool. People that complain about a true interbank broker simpply cannot trade.
Dukascopy 4xtrader 8 Mar 2007 Reply

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I just want to say that i tried many brokers and they all the same, the thing that i liked about finex is their execution. the spraed is little high. over all is worth trying
Finex David 7 Mar 2007 Reply

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Started trading with them recently. Great execution, great customer service. No complaints whatsoever.
Finex martin s 7 Mar 2007 Reply

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not bad-the new one
Finex forextramp 6 Mar 2007 Reply

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Okay sort of broker. Not bad, but not outstanding either. My trades seem to be executed in a timely manner but do encounter the odd unusual slippage
ACM Craig Shaffer 5 Mar 2007 Reply

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