Last week I spent trading a demo account with LMAX (http://www.lmax.com/). I used the web interface because that was the path of least complexity. The web interface uses Oracle's Java runtime environment, and displayed some of the irritations I had encountered with Dukascopy. The platform was stable, and held-up better than OandA's fxtrade platform which I am currently using.
The main goals were to get a feel for the platform and see what could or couldn't be done. One thing you cannot do is open two positions in opposite directions on the same instrument, the second one closes the first trade (if they are of equal size). However the execution seems fast, the fees and spreads are attractive, and I am keen to open a live account when I feel ready.
I liked the fact that you are encouraged to trade mini-lots, and it is possible to use one-click trading and buy fractional mini-lots such as 1.2. There are not quite as many instruments to trade as with someone like OandA or FXCM, but forex traders will find all the majors and most of the ancillary stuff. There are Precious Metals and indices but I did not explore those.
I made 1% in the week.
The main goals were to get a feel for the platform and see what could or couldn't be done. One thing you cannot do is open two positions in opposite directions on the same instrument, the second one closes the first trade (if they are of equal size). However the execution seems fast, the fees and spreads are attractive, and I am keen to open a live account when I feel ready.
I liked the fact that you are encouraged to trade mini-lots, and it is possible to use one-click trading and buy fractional mini-lots such as 1.2. There are not quite as many instruments to trade as with someone like OandA or FXCM, but forex traders will find all the majors and most of the ancillary stuff. There are Precious Metals and indices but I did not explore those.
I made 1% in the week.
Carbon-Dioxide: the gas of life!