These guys are not so suited to short term trading unless you are highly profitable, lets say 75% winners out of 10 trades/day.
Commission
1 lot EURUSD - $12.50 round trip
1 lot AUDUSD - $10.00 round trip
Swaps paid/charged immediately.
8.5% deposit fee (total)
Spreads stay down at mostly zero which is awsome, slippage happens from time to time (which I would rather not have my order filled if it can't be filled at the price I want) but this is broker common, delays happen but usually not much greater than 1 sec, and I haven't detected any unscrupulous plugins (yet), just pretty much normal behaviour. Early days, will wait and see if it's maintained.
What is most interesting is I have had to adjust my indicator settings from thosed used on Pepperstone for 0.2-0.5pips tight spread.
It is so easy to see now the institutions and banks doing all the stop runs now which leaves brokers to run their business, I guess.
See USDJPY 3hrs after London open, disregard the displayed spread data, as that was at market close.
Overall a very high price to pay for zero spread.
Jafar,
What is with the mechanical switch in spread difference on London open? (Second image). This is not market liquidity etc. or any of that jargon, this is a server side switch at certain times of the day on then off for asian market.
Other brokers do it to, I would just like an explanation as to what it is and why. Why not set the limit for 24/5. I guess they must rely on most traders not noticing it?
Commission
1 lot EURUSD - $12.50 round trip
1 lot AUDUSD - $10.00 round trip
Swaps paid/charged immediately.
8.5% deposit fee (total)
Spreads stay down at mostly zero which is awsome, slippage happens from time to time (which I would rather not have my order filled if it can't be filled at the price I want) but this is broker common, delays happen but usually not much greater than 1 sec, and I haven't detected any unscrupulous plugins (yet), just pretty much normal behaviour. Early days, will wait and see if it's maintained.
What is most interesting is I have had to adjust my indicator settings from thosed used on Pepperstone for 0.2-0.5pips tight spread.
It is so easy to see now the institutions and banks doing all the stop runs now which leaves brokers to run their business, I guess.
See USDJPY 3hrs after London open, disregard the displayed spread data, as that was at market close.
Overall a very high price to pay for zero spread.
Jafar,
What is with the mechanical switch in spread difference on London open? (Second image). This is not market liquidity etc. or any of that jargon, this is a server side switch at certain times of the day on then off for asian market.
Other brokers do it to, I would just like an explanation as to what it is and why. Why not set the limit for 24/5. I guess they must rely on most traders not noticing it?
My comments are not to be taken as trading advice, not a financial advisor