Armada Markets is different from LMAX!

Okay, they got another liquidity provider so they no longer the same (or just an IB) as LMAX and i'm not an employee of any brokers. So (i hope) this thread should stay in broker discussion board.

With added LP, Armada quoted that they are better in term of liquidity, but at a slight worst spread.

Another cons with this is that they become another new broker with their own organization and most importantly their own money management (in Estonia, not protected by UK FSA). Does anyone familiar with Estonian regulation?

Also, there are some connectivity issue in the past. Last week i encountered one while trading and i quickly write a complaint. They said that they are already fixing this issue. Not long after that the spreads are the same again with LMAX, and since then I haven't yet encounter connectivity issue. Anyone?

Looks like i only write the cons, lol. Here's a list of pros
+Lower commission than LMAX regular commission
+(Currently) Has the same spread as LMAX
+MT4 platform (many trader already glued to this platform)

Why would the spread be slightly worse, when they ADD an Lp to the lmax feed. Doesnt add up.

I'm quite confused too. Maybe they had problems connecting LMAX with another LP? (it's MT4, you know...) Should've ask their rep, but i just went with the flow. Nevertheless the spreads are now the same again

me too! i just dont get it why their spreads r worst,since they have another LP

They have two account types, "Classic" and "Exchange". I suppose the confusion comes from people talking different account types..

Also, they told me that they are moving their operations to new servers, the 15th of December, 2012, to fix the capacity issues. Hopefully this will do.

nice information. i'm expecting armada to be much better next week. In today's Asian session i found my tick won't update , the trading function is still performing though

hopefully,armada is e broker that we,all r waitng for...

For sure it isn't the broker we waiting for with such a low regulation. Im on a small live account since March and so far nothing to write home about, just an average MT4 broker.

hi onu,which broker r u now using with bigger funds?