Armada vs Pepperstone vs MB Trading | Forex Factory

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Armada vs Pepperstone vs MB Trading

  • #1
  • First Post: Apr 14, 2013 11:54pm Apr 14, 2013 11:54pm
Hello all, trying to decide between Armada, Pepperstone and MB Trading. Would like to know which one would you guys prefer? Thanks and happy trading.
  • #2
  • Apr 15, 2013 9:56am Apr 15, 2013 9:56am
Armada Markets.. the lowest commission and more flexible to fund and withdraw money...
  • #3
  • Apr 15, 2013 11:24am Apr 15, 2013 11:24am
My experience with MB trading was not good. Rude, unhelpful, customer support after (Pacific Standard Time) business hours non-existent. I would strongly discourage an account with them. They are also connected with 4xMAde Easy software, which is a bunch of nonsense. I recommend strongly, - FXCM and for training purposes: On-line Trading Academy. No nonsense andthey train you to trade properly.
CA Bez -
  • #4
  • Apr 15, 2013 6:11pm Apr 15, 2013 6:11pm
Armada are in Estonia. Call me racist, but that just doesn't sound good to me...

Pepperstone live chat support is awful. Every time I ask a question it takes forever and often the wrong information is given.

MB trading make things complicated. I prefer to pick an Aussie broker. I'm currently using go markets and Think Forex. So far, Think have lower spreads, but they are both good.
  • #5
  • Apr 15, 2013 8:06pm Apr 15, 2013 8:06pm
Quoting gregosv
Armada are in Estonia. Call me racist, but that just doesn't sound good to me... Pepperstone live chat support is awful. Every time I ask a question it takes forever and often the wrong information is given. MB trading make things complicated. I prefer to pick an Aussie broker. I'm currently using go markets and Think Forex. So far, Think have lower spreads, but they are both good.
yep i share ur pain. despite several positive reviews, just don't feel too safe with 'estonia'. as for pepperstone, spreads don't look as nice to me tho but haven't tried their live support yet. however, they are in australia, which imo is much better than estonia. read a couple of books on fx when i first got start tho and mbtrading has been mentioned quite a bit. i admit they could be better organized, but definitely seems like a better choice than pepper and armada.
  • #6
  • Apr 15, 2013 10:41pm Apr 15, 2013 10:41pm
Quoting gregosv
Armada are in Estonia. Call me racist, but that just doesn't sound good to me... Pepperstone live chat support is awful. Every time I ask a question it takes forever and often the wrong information is given. MB trading make things complicated. I prefer to pick an Aussie broker. I'm currently using go markets and Think Forex. So far, Think have lower spreads, but they are both good.
I've waited for over 15 minutes with Go Markets Live Chat before... talk about delays between live chat responses haha. I was also considering Think Forex but found that their support were too unsure about the questions I was asking / lacked knowledge in certain areas...
  • #7
  • Apr 15, 2013 11:09pm Apr 15, 2013 11:09pm
Quoting mmaker
Have you asked the same questions/tests with Armada Markets?
No, I haven't with Armada Markets. What I hear about them is generally positive. However, I'm a bit of a stickler when it comes to the country I'm sending my funds to.
  • #8
  • Apr 15, 2013 11:17pm Apr 15, 2013 11:17pm
Quoting jeuro
... the most beautiful blondes ladies per capita in the world??
Where do I sign up for that? !
  • #9
  • Apr 15, 2013 11:26pm Apr 15, 2013 11:26pm
Quoting Ras al Ghul
Where do I sign up for that? !

..
Really..

Just google the country and you will see.
I have been to their offices a couple times. Very clean operation.

J.
  • #10
  • Apr 16, 2013 12:21am Apr 16, 2013 12:21am
Beautiful blondes is all well and good, but my girlfriend is blonde and beautiful and I'm not trusting her with my money.

Saying that, the support she will give is probably better than Pepperstone!
  • #11
  • Apr 16, 2013 12:23am Apr 16, 2013 12:23am
Quoting Ras al Ghul
I've waited for over 15 minutes with Go Markets Live Chat before... talk about delays between live chat responses haha. I was also considering Think Forex but found that their support were too unsure about the questions I was asking / lacked knowledge in certain areas...
True, at times Go markets is not as live support as I would want! I've been dealing with Rob and Matt at Think, they seem fine but I don't know about the others. Maybe I got lucky!
  • #12
  • Apr 16, 2013 1:55am Apr 16, 2013 1:55am
Quoting gregosv
Beautiful blondes is all well and good, but my girlfriend is blonde and beautiful and I'm not trusting her with my money. Saying that, the support she will give is probably better than Pepperstone!

good one

j
  • #13
  • Apr 16, 2013 2:00am Apr 16, 2013 2:00am
Quoting gregosv
True, at times Go markets is not as live support as I would want! I've been dealing with Rob and Matt at Think, they seem fine but I don't know about the others. Maybe I got lucky!
Go Markets seems to have a lot of bad press due to their recent actions to shut down client accounts suspected of arbitrage trading, see another forum.

Same complaints at ForexFactory too,
http://www.forexfactory.com/showthre...01161&page=309
No longer trading forex. Looking for full time job.
  • #14
  • Apr 16, 2013 8:14pm Apr 16, 2013 8:14pm
Thanks for the replies guys. Guess I should give a little background. Currently residing in Indonesia. I usually scalp around 5 to 10 pips with cut lost at 5 pips. Was making good money for 3 to 5 months till I started to notice that when I enter the market or liquid my position, the delay is starting to get longer and longer.

I was looking at a broker where my money gonna be safe and they'll leave me alone when I trade.
  • #15
  • Apr 17, 2013 4:29pm Apr 17, 2013 4:29pm
Quoting Arya323
Thanks for the replies guys. Guess I should give a little background. Currently residing in Indonesia. I usually scalp around 5 to 10 pips with cut lost at 5 pips. Was making good money for 3 to 5 months till I started to notice that when I enter the market or liquid my position, the delay is starting to get longer and longer. I was looking at a broker where my money gonna be safe and they'll leave me alone when I trade.
If you're scalping and absolutely can't have a delay, you should be looking around for brokers with servers closer to your location.

Armada is in the UK, so the other two choices you mentioned being in the US would have less latency to the server in comparison.

Keep in mind though, even if you find a broker that's based in Indonesia with an Indonesian server location, they may still need to process trades in Japan or North America, as I don't think many liquidity providers run shops in Indonesia. So do a little research first.

In any case, sometimes your best bet would be to try out a few. Most have lower account minimums so you can get a feel for how they process your trades without tying up too much capital.

Hope that helps!
FXGears.com
  • #16
  • Last Post: Apr 17, 2013 4:36pm Apr 17, 2013 4:36pm
Singapore comes to mind..
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