Okay, they got another liquidity provider so they no longer the same (or just an IB) as LMAX and i'm not an employee of any brokers. So (i hope) this thread should stay in broker discussion board.
With added LP, Armada quoted that they are better in term of liquidity, but at a slight worst spread.
Another cons with this is that they become another new broker with their own organization and most importantly their own money management (in Estonia, not protected by UK FSA). Does anyone familiar with Estonian regulation?
Also, there are some connectivity issue in the past. Last week i encountered one while trading and i quickly write a complaint. They said that they are already fixing this issue. Not long after that the spreads are the same again with LMAX, and since then I haven't yet encounter connectivity issue. Anyone?
Looks like i only write the cons, lol. Here's a list of pros
+Lower commission than LMAX regular commission
+(Currently) Has the same spread as LMAX
+MT4 platform (many trader already glued to this platform)
With added LP, Armada quoted that they are better in term of liquidity, but at a slight worst spread.
Another cons with this is that they become another new broker with their own organization and most importantly their own money management (in Estonia, not protected by UK FSA). Does anyone familiar with Estonian regulation?
Also, there are some connectivity issue in the past. Last week i encountered one while trading and i quickly write a complaint. They said that they are already fixing this issue. Not long after that the spreads are the same again with LMAX, and since then I haven't yet encounter connectivity issue. Anyone?
Looks like i only write the cons, lol. Here's a list of pros
+Lower commission than LMAX regular commission
+(Currently) Has the same spread as LMAX
+MT4 platform (many trader already glued to this platform)
Be the market