DislikedHi Bodyguard, I have personnally been with Pepperstone in the recent past and have been pretty satisfied in term of trading (execution, slippage, and so on) I didn't find their customer suport very good, but not that bad, and only dealt once with them, so hard to judge. Now, and it amazes me I don't read much about this, concerning the 15 january, there have been 2 main issues with BAD brokers imo: 1) The fact that some just SHUT DOWN everything on CHF pairs, with 3 consequences: - Nobody could open new trades in CHF pairs and benefit from the situation,...Ignored
Your reply to my question was the best and most explanatory I have received so I Thank you for that.
You have a very interesting way of looking at the situation and one that I am also amazed no one else pointed out.
Moving forward I will look at that data before making a final decision on what broker to use.
The Problem with IB is the leverage afforded is to low 50:1
My trading style requires 100:1
That being said I am in Talks with London Capital Group http://www.lcgfx.com/
As they seem to offer as close to my original broker BT Primes product as I can find
I have done extensive searches on them as well as the new CEO Charles-Henri Sabet
I find alot of good Information on them.
But it seems that even before Jan 15th they were in financial trouble that required a capital injection.
And they also sustained losses from the SNB situation
That being said it is a public company so financials are readily available
And it is regulated london capital group FCA # 182110
It has also been restructured and appears on track to rebound from its prior financial issues
I will be receiving a demo account shortly and will look at the 1 Min data for EUR/CHF & USD/CHF for January 15th to see how it was handled.
Do you have any knowledge of this Company?
If so your opinion would be appreciated.