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Anyone used or is using pgfbest broker?

  • #1
  • First Post: Jul 1, 2009 11:40pm Jul 1, 2009 11:40pm
Hello,
Anyone is used or using the pfgbest broker? How comments about them? Are they true ecn broker? I like 4 digits feed broker with ecn broker. Are they only one broker is it?
  • #2
  • Jul 3, 2009 7:04am Jul 3, 2009 7:04am
Yup, I use them. Their execution is good and I am quite fussy about that. The spreads are pretty good too. Commission is $10.50 per lot which is middle of the road, so not cheapest but also not most expensive. I am lead to believe this is negotiable when you become a BIG client.

All round I would certainly recommend them. Be aware that they only offer 1:100 leverage and minimum trade size is 0.1 standard lots, so you need a minimum of $2500 to trade with them.
  • #3
  • Jul 3, 2009 7:16am Jul 3, 2009 7:16am
Which of their platforms are you talking about? Is this metatrader?
  • #4
  • Jul 3, 2009 3:59pm Jul 3, 2009 3:59pm
Yup, MT4
  • #5
  • Jul 3, 2009 9:05pm Jul 3, 2009 9:05pm
Quoting kennyhubbard
Yup, I use them. Their execution is good and I am quite fussy about that. The spreads are pretty good too. Commission is $10.50 per lot which is middle of the road, so not cheapest but also not most expensive. I am lead to believe this is negotiable when you become a BIG client.

All round I would certainly recommend them. Be aware that they only offer 1:100 leverage and minimum trade size is 0.1 standard lots, so you need a minimum of $2500 to trade with them.
Thanks for your comments. I am trying his demo with another brokers demo accounts. It seems the quoted feed price is keep stable. But, I just wonder about their mt4 server performance because within these days testing. Pfgbest sometimes would hold all of pair's price over 10 seconds and then still keep running. At the same time, anothers brokers mt4 which include ecn, stp, & mm based were still keep running. It make me raise a question for their server.

By the way, they have no live chat which cannot help me to answer my questions. Of course, I had been sent an emails to them since 30 June, but no any feed back at this moment. If I had live account to happen any problem, I don't know how long I can fix it by them.

I just only love their stable feeding price, but dislike their server performance with slow customer service.
  • #6
  • Jul 3, 2009 9:48pm Jul 3, 2009 9:48pm
Quoting kennyhubbard
Yup, MT4
I wonder why they charge commission though since I believe they are not an ECN.

Something I like to ask is how is their execution in fast markets? Requotes, slippage ? How long for execution?
  • #7
  • Jul 3, 2009 11:40pm Jul 3, 2009 11:40pm
Hi,

They claim to be ECN and I have no reason to suspect otherwise. Their spreads are good. I am not sure about the price holding.....I find their trade execution to be brilliant and I regularly check the logs and I don't like seeing a trade taking more than 1 second to execute.

I agree that they may be a bit thin on the customer service ground but I find that the person I use generally emails me with a response within a reasonable time so I don't really have an issue there.

Pipstar, I only scalp the asian session so I can't comment on the fast markets but in an illiquid market they seem to be doing ok.

I speak under correction here, but being a market execution broker, you will not see slippage or requotes, since you are sending an instruction to buy/sell at whatever price the market gives you. This is one of the reasons you cannot place a stoploss with your initial order since you do not know what price you are going to be filled at. I am going to amend one of my EA's to write the current price vs the fill price to a log so I can monitor the quality of fills.
  • #8
  • Jul 4, 2009 1:10am Jul 4, 2009 1:10am
tested on small acc.... good in news..execution 1-2sec
fills about 10-50% of the spike
but leverage 1:100 so you can take a long journey to double your account.

Quoting PipStar
I wonder why they charge commission though since I believe they are not an ECN.

Something I like to ask is how is their execution in fast markets? Requotes, slippage ? How long for execution?
Charting Markets into the Future...MǎҖ€¥.
  • #9
  • Jul 4, 2009 1:13am Jul 4, 2009 1:13am
maxey:
did you try broco?

I googled it and saw you mention elsewhere that it's initially good but played tricks with deals later?

Quoting MaXeY
tested on small acc.... good in news..execution 1-2sec
fills about 10-50% of the spike
but leverage 1:100 so you can take a long journey to double your account.
  • #10
  • Jul 4, 2009 1:25am Jul 4, 2009 1:25am
yea tried it from 2 years ago

deposited 300$... made them 5k
after that my account switched to manual execution which mean execution can take up to 20-40 seconds to open an order + they market execution
this was called DAY OF THE HELL

they not get enough of this too, they was edit clients trades
ex: we have NFP news today me and my friend made profit 60pips

after fews hrs we got an email from them says sorry you execute at wrong price... so your order modified you actual made 6pips

so totally scam... howcome they market-execution and clients executed at wrong price !

Quoting billye
maxey:
did you try broco?

I googled it and saw you mention elsewhere that it's initially good but played tricks with deals later?
Charting Markets into the Future...MǎҖ€¥.
  • #11
  • Jul 4, 2009 2:14am Jul 4, 2009 2:14am
em... probably need to put up a broker-robber list and put you there...

every new broker will be robbed by you .hahahaha.

Quoting MaXeY
yea tried it from 2 years ago

deposited 300$... made them 5k
after that my account switched to manual execution which mean execution can take up to 20-40 seconds to open an order + they market execution
this was called DAY OF THE HELL

they not get enough of this too, they was edit clients trades
ex: we have NFP news today me and my friend made profit 60pips

after fews hrs we got an email from them says sorry you execute at wrong price... so your order modified you actual made 6pips

so totally scam... howcome they market-execution and clients...
  • #12
  • Jul 4, 2009 5:49pm Jul 4, 2009 5:49pm
Quoting billye
em... probably need to put up a broker-robber list and put you there...

every new broker will be robbed by you .hahahaha.
- Changed 4 brokers Terms Conditions !
- Bankrupted 1world broker !
...........................
  • #13
  • Nov 26, 2009 9:54pm Nov 26, 2009 9:54pm
I've been with them for a week and they are terrible. Their system slippage is terrible. Prices reaches my limit orders and goes above it, limit does not get triggered, i've been with worst bucket shops that have faster execution than this. I'm closing my account.
  • #14
  • Nov 26, 2009 10:46pm Nov 26, 2009 10:46pm
Quoting darkness
I've been with them for a week and they are terrible. Their system slippage is terrible. Prices reaches my limit orders and goes above it, limit does not get triggered, i've been with worst bucket shops that have faster execution than this. I'm closing my account.
are you talking about there MT4 ECN
  • #15
  • Last Post: Nov 26, 2009 11:21pm Nov 26, 2009 11:21pm
Quoting BiggerPips
are you talking about there MT4 ECN
no, i am using ninjatrader with them
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