It seems like broker has no real hedging options for retail customers. I choose the standard account only because it was possible to trade simultaneously in different directions. My strategy based on trading single currency pair, which I hedge. However, it makes a profit only because of hedging. Broker declared that it's allowed. As result, I lost several trades and $340. I also found other mismatches. Even if company based in UK, it means nothing!
Gulliver FX has changed its name to UK clearing house this summer. However, I hope that quality of services will be better. I don't say it was too bad but could off been better. I still trade and still have spreads on major currencies above 2 points. No matter if you have positive balance, you still lose opportunities and give away those hundreds of point on each trade. It might be significant number for one year. I think we overpay for wide spreads. So it's a reason to think twice if you want to stay with Gulliver.
I’ve never traded with Japanese broker before and GulliverFX is 100% owned by Japanese corporation. Here there is only currency to deal with and the leverage is very high 1:500. Besides I can trade without any additional costs as far as they do not take any commissions. I’m rather good with their fixed spread. What can I say? The list of instruments and possibilities is poor but until now it is rather quite trading. It is boring a little bit taking into account the lack of interesting options, but you can try if you want. There are USD and EUR accounts among others.
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Gulliver FX (FCA no. 595713) is a brand new forex company established by YJFX, Inc. and Yahoo! Japan. YJFX, Inc. is currently the world’s 3rd largest OTC provider* and, like our parent company, Gulliver FX aim to provide a first-class foreign exchange trading service for our clients all over...
Regulation: FCAGulliverFX trading information
Is it possible that your account breaks. while you opened an order with 7 lots and the order is in profit while your balance is 1000$. And your account breaks...Review rating
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after reading all your comments looks like FBS is just using retail traders to make more cash. save yourselves some unnecessary...Review rating