Hi Alex,
It's not true that MT5 is instant execution. I tried the demo, and it's actually exchange execution.
From the above quote, does this mean Alpari UK is also enticing clients? Because, on Alpari UK website for MT5, and for a few other account types, it clearly state that "spreads from 0 pips".
Imagine that your potential clients see the statement "spreads from 0 pips", and do the following:
1. download the MT5 and start a demo account, and then realize that the spread is actually starting from, say 0.7 pip, or
2. open a live account, and then funded it, then only realize that the spread is actually starting from, say 0.7 pip
Can you possibly imagine what will be their reaction and what will be on their mind?
The main reason I give the example of FxPrimus, is that, I like their honesty, because what they say on their website ("Forex Spreads from 0.3 pip"), is what you will get!
It's not true that MT5 is instant execution. I tried the demo, and it's actually exchange execution.
Quoting Alpari UKDislikedIt's no secret that the brokerage industry has been in the midst of a price war for the past couple of years. That combined with lower trading volumes last year have caused many brokers to struggle. There was even a UK broker that went bankrupt after trying to entice clients with 0 pip spreads. Last year also saw the failure of a US broker that had previously touted their razor thin spreads. This year an Australian broker went under. If recent events have taught us anything, it's that safety of your funds can have far greater implications than we previously thought.Ignored
Imagine that your potential clients see the statement "spreads from 0 pips", and do the following:
1. download the MT5 and start a demo account, and then realize that the spread is actually starting from, say 0.7 pip, or
2. open a live account, and then funded it, then only realize that the spread is actually starting from, say 0.7 pip
Can you possibly imagine what will be their reaction and what will be on their mind?
The main reason I give the example of FxPrimus, is that, I like their honesty, because what they say on their website ("Forex Spreads from 0.3 pip"), is what you will get!