27 Brokers Tested Using Same EA!! - Very Kool! | Forex Factory

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27 Brokers Tested Using Same EA!! - Very Kool!

  • #1
  • First Post: Edited 1:51am Oct 4, 2009 12:47am | Edited 1:51am
Nice Broker comparison from Developers of Forex Bling they're running the EA on 27 diff brokers. After a quick lineup and sort of current profits here are the results. I wish more brokers did this kind of testing. Very Kool! - http://forexbreakthrough.com/

Top 10 for $25,000 Demo Account
1) FastBrokers (50K Demo) - http://www.forexhope.com/mt4/report/Bling-FastFX.htm
2) Collective FX - http://www.forexhope.com/mt4/report/...llectiveFX.htm
3) IamFX Inc. - http://www.forexhope.com/mt4/report/Bling-IamFX.htm
4) Forex Place - http://www.forexhope.com/mt4/report/...ForexPlace.htm
5) FXOpen - http://www.forexhope.com/mt4/report/Bling-FXOpen.htm
6) FXCM - http://www.forexhope.com/mt4/report/Bling-FXCM.htm
7) FXPro - http://www.forexhope.com/mt4/report/Bling-FXPro.htm
8) Gallant FX - http://www.forexhope.com/mt4/report/Bling-FXGallant.htm
9) JadeFX - http://www.forexhope.com/mt4/report/Bling-JadeFX.htm
10) Forex Meta - http://www.forexhope.com/mt4/report/Bling-ForexMeta.htm

Top 10 for $2,500 Demo Account
1) Tadawulfx - http://www.forexhope.com/mt4/report/Bling-TadawulFX.htm
2) MIG Investments - http://www.forexhope.com/mt4/report/Bling-MIG.htm
3) Alpari UK - http://www.forexhope.com/mt4/report/Bling-AlpariUK.htm
4) Forex.com - http://www.forexhope.com/mt4/report/Bling-Forex-com.htm
5) PFGBest - http://www.forexhope.com/mt4/report/...BestDirect.htm
6) Prime Forex - http://www.forexhope.com/mt4/report/Bling-PrimeFX.htm
7) Forex Metal - http://www.forexhope.com/mt4/report/...ForexMetal.htm
8) Interbank FX - http://www.forexhope.com/mt4/report/Bling-IBFX.htm
9) ActiveTrades - http://www.forexhope.com/mt4/report/...ctivTrades.htm
10) FXDD - http://www.forexhope.com/mt4/report/Bling-FXDD.htm

This list is a nice starting place for choosing a broker even though it cant be relied on 100% since Demo and Live results can vary wildy. For example MIG is a Requote Monster on Live!! but it does give you a nice starting point for comparison. In fact its fairly accuracte since I know for a fact that InterbankFX and FXDD are some of the worst brokers on the planet and even on demo they still suck. (And Live they widen the spreads, freeze the feed and Requote you to Death!) - FXOpen is pure Scam too. (Hopefully their Dukascopy ECN is a upgrade over their in-house MarketMaker stuff)
  • #2
  • Oct 23, 2009 5:35pm Oct 23, 2009 5:35pm
Thans for your post ,It's helpfull.
Seems to me IAMfx is very good company

I just download demo and had conversation with live support and it was really cool.
I have asked about the liquidity provider and he told me some of big names
Also he promise start thread here.

Anyone have live account with them??

Thanks
  • #3
  • Oct 23, 2009 11:13pm Oct 23, 2009 11:13pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting egkid
Thans for your post ,It's helpfull.
Seems to me IAMfx is very good company

I just download demo and had conversation with live support and it was really cool.
I have asked about the liquidity provider and he told me some of big names
Also he promise start thread here.

Anyone have live account with them??

Thanks

the worst support i ve ever seen so far.... waiting since weeks of answering some support tickets
  • #4
  • Oct 24, 2009 1:52am Oct 24, 2009 1:52am
Hey these jokers ripped off my name Iamfx. They are only brand new and I 've been around all year. Anybody know a good lawyer---I'm suing
We are all One. Be present. Be the Observer
  • #5
  • Oct 24, 2009 4:27am Oct 24, 2009 4:27am
Cool Fulltime,

Interesting yet annoying at the same time. It would be hard to rate some better than others just purely on monetary value.

As stated, each broker will have different volatility/spreads/slippage etc which effects all sorts of factors when trading.

While some brokers might produce a slightly higher payout, there DD could be much higher also. Same comparison could be said about the profit factor, amount of trades taken.... quality of trades taken etc.

I guess what im mumbling through is that its very difficult to rate another broker higher/lower than others listed with the multitude of factors involved and without knowing exactly what sort of EA they are testing with and its requirements for entering/exiting.
Luck is where preparation meets opportunity.......
  • #6
  • Edited 5:38am Oct 24, 2009 5:26am | Edited 5:38am
Quoting onu
the worst support i ve ever seen so far.... waiting since weeks of answering some support tickets
How long you been with them?
So far so good ,I didn't find bad feed back about them!

Seriously Deserve to check them, I like this creative video they use and good reviews About them
http://forex-systems-reviews.com/brokers
http://www.iamfx.com/index.php

If they are really
Fast exection- no requte- low spreads/easy deposit/withdrawal Then i will join them but let me take some more time to tell
  • #7
  • Oct 25, 2009 10:04am Oct 25, 2009 10:04am
The returns for a 1.0 lot size were not very impressive. Big risk, little reward.
  • #8
  • Oct 25, 2009 10:52am Oct 25, 2009 10:52am
Quoting sanchez
As I promised EG in IamFX live chat I would come here and contribute to this thread. Any questions or comments can either be left here or you can send them to [email protected]

@ Ona Very sorry that your experience with support was so fatal. We are new and our popularity has caused a great deal of backlog with support tickets. I know an apology does nothing to help you at this time however we promise to do better. Our goal is to provide exceptional support along with the other great benefits in place such as...
Aha here we go,Thanks for keeping your promise,It's great to see you around.

Online application Have "Account option" And it's have Micro Account leverage choice, Do you accept micro or only stander you working with?
How much the min deposit?

Thanks
  • #9
  • Oct 26, 2009 5:39am Oct 26, 2009 5:39am
Hello EG,

Micro accounts are said to be launched this week. Minimum deposit $500.00 USD

Sanchez

Quoting egkid
Aha here we go,Thanks for keeping your promise,It's great to see you around.

Online application Have "Account option" And it's have Micro Account leverage choice, Do you accept micro or only stander you working with?
How much the min deposit?

Thanks
  • #10
  • Oct 26, 2009 8:16am Oct 26, 2009 8:16am
IamFX is the same as all those other smaller MT4 shops that keep popping up like Gallant, One Corp, etc.

They all use the same RIA Sunspot Capital as the custodian of funds, so all these guys are exactly the same, just a different name.
  • #11
  • Oct 27, 2009 9:57am Oct 27, 2009 9:57am
Don't waste your time with FXCM or IBFX.....their order fill is very poor...Courtesy of Boston Technology Virtual Dealer Plugin "Type" of programs...killing good trades for traders.... With all the insanity from the NFA it makes absolutely NO sense to trade with these brokers....
  • #12
  • Oct 28, 2009 8:39am Oct 28, 2009 8:39am
just wondering... is that 27 test on a live account or on demo ? because on demo account, i doubt there is so much to learn from the difference....
  • #13
  • Nov 10, 2009 1:50pm Nov 10, 2009 1:50pm
I came across a good thread in regards to this. I also would say don't waste your time with them.

http://www.fxfisherman.com/forums/fo...ges-fraud.html


Quoting ENWBill
Don't waste your time with FXCM or IBFX.....their order fill is very poor...Courtesy of Boston Technology Virtual Dealer Plugin "Type" of programs...killing good trades for traders.... With all the insanity from the NFA it makes absolutely NO sense to trade with these brokers....
  • #14
  • Last Post: Nov 11, 2009 6:07am Nov 11, 2009 6:07am
yes its really worth to test the same under real conditions

i have live accounts at 9 brokers

LETS GO
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