Several years of experience trading with Marketiva and there is no doubt that this company is the right choice. It's regulated by most respectable regulatory bodies in industry. There are several languages for customer support, no problems with registration and account maintenance. Communication with the back office and support is available for all customers. The registration process took me few days. And what's more important is I can withdraw money for up to two business days. If you profit of course))
Broker is not convenient in some cases. I wouldn't say it is bad, however I need to make some manipulations to get my trading strategies work. If you want to trade particular currency pair in the same direction by opening two or more orders, you can't do so. It's not allowed. If you want, let’s say, 2 long gbpusd orders with different take profits, you need to open second account. Otherwise broker will make it as one market order with one take profit. The same problem if you want to hedge position. I think, if you have multiple orders with different parameters, it would be better to open account where all trades can be processes with different take profits and stop losses.
Lots of server disconnects. The risk of possible disruptions when placing trades is too high. There are two explanations why broker has these problems. First is because company uses old systems to process trades. The second reason is that it is not preventing them to make profit by using old technologies. From my point of view, it's not a good place for trading because you can't seriously rely on this broker. It’s ok if you trade 0.01 lot per contract, but when my lot size starts from five lots per contact… You can’t seriously consider this firm as you partner in a long run.
With popularity of FX trading moving higher, the demand for the services of the dealing desks and brokerage companies grows subsequently. Thus, the question of making the right choice of a broker constantly remains on the agenda.
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Of course, it is not wise to make a final choice of a forex broker based just on other's opinions; however, comments and reviews about Marketiva shed some light on how responsible the brokerage company is, and what is the level of the services offered. When making a choice you may seriously take into consideration the amount of happy or unhappy comments about the broker that you have looked through.
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