DislikedSome questions, how is your experience trading with lmax so far? I am concidering opening an acount with Them, are there any introducing agents with rebate programs i could take avantage of? appreciate any input, feel free to pm me.Ignored
Personally, I'm very skeptical about rebate programs, because remember that no one gives something for free, often there is a catch associated with a rebate, thats why I personally don't use them.
You have the possiblility to open an order with Armada Markets, which is IMHO the 2nd best broker in the market.
LMAX vs. Armada Markets
Lmax Advantages:
- API available
- Orderbook is visible
Lmax Disadvantages:
- Low Leverage Maximum 100:1
- higher commissions than Armada, but commissions can be negotiated with LMAX if you do the volume
- high Minimum capital required
Armada Markets Advantages:
- Much higher leverage than LMAX
- Lower commissions (if you don't negotiate with LMAX)
- Low Minimum capital required
Armada Markets Disadvantages:
- No API available
- No Orderbook visible, available liquidity is unknown
Forex is a losers game.