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InfoBroker EA - know about your broker

  • #1
  • First Post: Feb 18, 2015 8:29am Feb 18, 2015 8:29am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Good morning people

today I'm sharing a new tool (very new tool). It's an EA that allows you to know almost everything about your broker.
So this EA doesn't trade and doesn't make money but it's usefull when you are looking for a good broker.
Run it on any TF and any PAIR and compare different brokers and different accounts (real and demo).

Hope you enjoy it.

Have a great day http://worldwide-invest.org/images/smilies/cool.png
Attached File(s)
File Type: ex4 InfoBroker.ex4   110 KB | 487 downloads
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  • #2
  • Edited 8:42am Feb 18, 2015 8:30am | Edited 8:42am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Many people think that Forex Brokers are more or less the same.
That's not true.
The task to find a good and reliable broker isn't easy and sometimes is painful because only after we discover it wasn't a good choice.
This tool can't give all the details for an accurate choice but at least gives an hint.

Look for example the below picture:
It shows 2 accounts. On the left a REAL Pepperstone Razor Account and on the right a DEMO Pepperstone account.
Look accurately and you see the values are the same (left compared to the right).
And what does it mean? It's so strange?

Yes, usually (not always) Forex brokers give better trade conditions for DEMO accounts compared to REAL accounts.
That's because they want you as a customer.
In this case this broker gives equals conditions for REAL and DEMO, for me it means he is a serious Broker.

There are many other aspects to consider, but it's not easy.
Attached Image (click to enlarge)
Click to Enlarge Name: broker.jpg Size: 257 KB
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  • #3
  • Edited 11:42am Feb 18, 2015 8:31am | Edited 11:42am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Stars on the right upper corner are the SCORE of your broker (0-9)

How many stars does your broker have??? http://worldwide-invest.org/images/smilies/confused.png
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  • #4
  • Feb 18, 2015 2:48pm Feb 18, 2015 2:48pm
Thanks Sym, for this tool. What I know is that brokers, tend to make indicators; specially, the separate windows type useless. They adjust their platform if you are winning. Not only you have to beat price movement but also the broker. Yes, the one who is holding your money. If I had know that 8 years ago, I would have never enter this crooked business. Therefore, if you want to beat their arse the main signal has to be from indicators on the chart. Good luck to all!
  • #5
  • Feb 18, 2015 3:08pm Feb 18, 2015 3:08pm
Hello sym,

Thanks for the tool but there must be something wrong.
Please apply it on Instaforex (witch the EA gives 9 stars) and you will see....
I checked how the EA rates the brokers and most pairs on Instaforex are 10 pip spreads so there must be something wrong with the calculations.

And I have another broker witch the spreads are amazing and it does not give any stars.....except if I have misunderstood something...

4x
  • #6
  • Feb 19, 2015 2:14am Feb 19, 2015 2:14am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting 4xPIPAHOLIC
Hello sym, Thanks for the tool but there must be something wrong. Please apply it on Instaforex (witch the EA gives 9 stars) and you will see.... I checked how the EA rates the brokers and most pairs on Instaforex are 10 pip spreads so there must be something wrong with the calculations. And I have another broker witch the spreads are amazing and it does not give any stars.....except if I have misunderstood something... 4x
Hi 4x

I'm going to try Instaforex and I'll let you know.
Do you mind telling us the other broker name???

Thanks



edit: I can't reach Instaforex website... it's still operating?????
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  • #7
  • Feb 19, 2015 2:14am Feb 19, 2015 2:14am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting h4xforum
Thanks Sym, for this tool. What I know is that brokers, tend to make indicators; specially, the separate windows type useless. They adjust their platform if you are winning. Not only you have to beat price movement but also the broker. Yes, the one who is holding your money. If I had know that 8 years ago, I would have never enter this crooked business. Therefore, if you want to beat their arse the main signal has to be from indicators on the chart. Good luck to all!
Hi h4xforum

100% agree !!!
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  • #8
  • Feb 19, 2015 5:24am Feb 19, 2015 5:24am
Quoting sym
{quote} Hi 4x I'm going to try Instaforex and I'll let you know. Do you mind telling us the other broker name??? Thanks edit: I can't reach Instaforex website... it's still operating?????

Hello Sym,

The broker with the tight spreads is XM witch it does not show no stars. Also a brokers witch I have been testing on demo is BTGForex with good spread also, this one it gives 5 stars.
Here is the link to Instaforex https://www.instaforex.com/

4x
  • #9
  • Feb 19, 2015 5:34am Feb 19, 2015 5:34am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting 4xPIPAHOLIC
{quote} Hello Sym, The broker with the tight spreads is XM witch it does not show no stars. Also a brokers witch I have been testing on demo is BTGForex with good spread also, this one it gives 5 stars. Here is the link to Instaforex https://www.instaforex.com/ 4x
Instaforex link doesn't work and I wonder if the broker still exist!!!!

I will try XM!

edit: are you sure XM has amazing spread??? What do you mean by "AMAZING"????
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  • #10
  • Last Post: Feb 19, 2015 5:53am Feb 19, 2015 5:53am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
OK, understood!!!!

I can access INSTAFOREX by a FREE FOREX PROXY on line.
I can't do it directly!!!


Edit: Instaforex spreads are pretty High, so probably it deserves ZERO stars. !!!
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