Dislikedmmswe, each trader need to evaluate which broker is best depending on his/her trading style, I choose my Australian broker based on the criteria in this order: 1. zero cost to deposit & withdraw ( to Aussie banks) - I was surprised some not homegrown Aussie brokers charge for local withdrawal !. 2. Has Bpay facility to deposit. For those traders intending to use Australian broker, fly to Aus and open a bank account here. Do not use internet banking to fund, use Bpay. Bpay is a Australian wide vendor payment facility. Vendor receive a file each day...Ignored
Commission is not cheap and slippage is quite high.
I have seen my terminal log into their hongkong data center in the log. The trick they play is log customers in north america to the hongkong server which cause extra latency and price of course slippage. Be careful with this scam broker.
It is a STP at best, if not a market maker. Pure STP brokers are rare to find because it is less profitable. All of those that offer 500:1 are either market makers or connect to market makers. There are fake prime brokers that share profit with retail brokers that bring flows to them. fake prime brokers are mushrooming in recent years.
I also know that slippage is higher once u pay $5.5 per lot instead of $7 per lot. I had 2 accounts with them and compared side by side.
In my opinion, $7 per lot is too much. In addition, there is slippage.
I do not know about GTX platform. But when I was with forex.com, my stops were left untouched even if it is 0.1 pip away from the market price. The issue I had was disconnection when my ea modify orders. Never had my profit revoked. forex.com is the only broker I used that mail cheques, for no charge of course. Other brokers can do wire transfer when I request withdraw. If the broker does not charge fee, my local bank always take 20-30 dollars for incoming wire transfer.