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  • #6,601
  • May 14, 2015 5:24am May 14, 2015 5:24am
Quoting WayToGo
{quote} FXPRO is fine
I don't trust so much fxpro...For my type of trading is not properly good..but anyway i'm worried about another thing.

FXpro global (the main company) is under cysec NOT FCA.

Fxpro limited (A subsidiary) is under fca.

But i'm guess if there will be an hypothetical insolvency will not be FCA to respond on it but most probably cysec.

Pay attention to these kind of brokers who have many societies and many regulations.

I'm talking just for who has a lot of money inside. I prefer to see ONLY FCA REGULATED.

This is just a trick...for let you believe on them they are regulated by FCA. But i guess they simply paid FCA for a shady protection and unclear terms in insolvency case procedure. Pay attention.
myfxbook: neoxis
  • #6,602
  • May 14, 2015 5:40am May 14, 2015 5:40am
Quoting neoxis
{quote} I don't trust so much fxpro...For my type of trading is not properly good..but anyway i'm worried about another thing. FXpro global (the main company) is under cysec NOT FCA. Fxpro limited (A subsidiary) is under fca. But i'm guess if there will be an hypothetical insolvency will not be FCA to respond on it but most probably cysec. Pay attention to these kind of brokers who have many societies and many regulations. I'm talking just for who has a lot of money inside. I prefer to see ONLY FCA REGULATED. This is just a trick...for let you believe...
I think the British subsidiary would regulated separately in case of insolvency of the parent company. that's also been with Alpari so. The Japanese subsidiary was regulated in Japan and compensate the customer for the Japanese law.
The cTrader FxPro is really good. very accurate in the execution at market prices. it is in fact an ECN.
  • #6,603
  • May 14, 2015 5:55am May 14, 2015 5:55am
I recommend ActiveTrades. They are only FCA regulated and offer fund protection till 500.000, GBP
  • #6,604
  • May 14, 2015 5:57am May 14, 2015 5:57am
Quoting muckele1
{quote} I think the British subsidiary would regulated separately in case of insolvency of the parent company. that's also been with Alpari so. The Japanese subsidiary was regulated in Japan and compensate the customer for the Japanese law. The cTrader FxPro is really good. very accurate in the execution at market prices. it is in fact an ECN.
I tried fxpro for news...not literally good in my case. High Slippage, low order execution. For now not for me. I'm with cysec too with little money i don't care.
myfxbook: neoxis
  • #6,605
  • May 14, 2015 6:18am May 14, 2015 6:18am
Quoting neoxis
{quote} I tried fxpro for news...not literally good in my case. High Slippage, low order execution. For now not for me. I'm with cysec too with little money i don't care.
Well, when I see the spread, partly below 0.5 pips. Is variable but. its not really high
  • #6,606
  • May 14, 2015 6:45am May 14, 2015 6:45am
Since the Alpari-issue I tried out 4 different brokers, all not satisfying:

Now I'm with Darwinex (5th)
- true ECN-broker
- good customer service
- low latency and fast servers
- FCA-regulated

I did not fund my account yet but the demo is really good and I've got a good feeling. Anybody some experience with Darwinex ?
  • #6,607
  • Edited 6:58am May 14, 2015 6:47am | Edited 6:58am
Quoting FXTune
Since the Alpari-issue I tried out 4 different brokers, all not satisfying: Now I'm with Darwinex (5th) - true ECN-broker - good customer service - low latency and fast servers - FCA-regulated I did not fund my account yet but the demo is really good and I've got a good feeling. Anybody some experience with Darwinex ?
And which were the first four if I may ask ?
And NO, no experience with your fifth broker. I have ActivTrades, since Alpari went to... and they are really good.
Per aspera ad astra
  • #6,608
  • May 14, 2015 7:15am May 14, 2015 7:15am
Quoting tayette
{quote} And which were the first four if I may ask ?

  1. 1.FXPro
    They did not answer to mails. I had some questions regarding my account and the trading-conditions. So I did not fund my account.
  2. Global Prime from Australia
    The first 2 weeks I gained 50 % but then I lost every single trade. My last trade (SGDJPY) even had a slippage of 252 pips. The low at GP was even 750 pips lower than the low of other brokers. I asked the customer-service if they could provide a ticket for this trade (They are advertising transparency). But the one who assisted me was on holiday. So I withdrew my money. Exactly 5 days later I got an email from another member of the company that they can only provide a ticket for my trades within 5 days. Maybe it was only coincidence and it was all my fault but I found it was a bit suspicious. And besides the latency was very high and MT4 crashed allways when I switched to the M1-timeframe. I was very dissapointed because I really thought this was the broker.
  3. (and4) XM and Plus500
    They offer accounts funded with 25$. Ok, this was just for fun (25$/leverage 888%) and nothing serious. Try it out, you've got nothing to loose.

I wonder whom you can trust. I read so many negative reviews about brokers. Recently I read that forexpeacearmy is blackmailing brokers to pay them money. I don't know if this is true. If yes, I've to reconsider my broker-list. Forex is a really dirty business.

  • #6,609
  • May 14, 2015 7:38am May 14, 2015 7:38am
Quoting FXTune
{quote} My last trade (SGDJPY) even had a slippage of 252 pips.
I'm not trying to defend the broker here, but most of the time I hear those things it has to do with unliquid pairs ... plus there is (a potential) other problem: banks may fill small orders (they probably won't), but even if they do fill them, it's probably not happening for the price at the top of the feed. You wanted ECN, you got ECN one could say.

Quoting FXTune
{quote} I've to reconsider my broker-list. Forex is a really dirty business.
Only on the low-deposit retail side. I'd ignore everything that comes out of Cyprus or some off-shore islands.
What do you expect about the reviews? Just like in many other businesses a lot of people lose and they look out for someone they can blame - the broker comes really in handy here. Failed entrepreneurs blame it on the customers or the government, failed traders on the broker.
  • #6,610
  • May 14, 2015 7:48am May 14, 2015 7:48am
Quoting FXTune
{quote} 1.FXPro They did not answer to mails. I had some questions regarding my account and the trading-conditions. So I did not fund my account. Global Prime from Australia The first 2 weeks I gained 50 % but then I lost every single trade. My last trade (SGDJPY) even had a slippage of 252 pips. The low at GP was even 750 pips lower than the low of other brokers. I asked the customer-service if they could provide a ticket for this trade (They are advertising transparency). But the one who assisted me was on holiday. So I withdrew my money. Exactly...
although Global Prime advertises ECN, the broker is working with STP, and therefore has few liquidity providers. Only ECN has hundreds of liquidity providers simultaneously. Several hundred pips difference may not be possible. Moreover, it sounds as if this Broker often shuts down the server so that no trade is possible. And that's manipulation.
  • #6,611
  • May 14, 2015 8:09am May 14, 2015 8:09am
I know there can be slippage, especially on holidays (it was a holiday), but there was also a huge difference to the price-feeds of other brokers. And there where just too many things coming together as I allready mentioned.
But the main-reason I withdrew my funds was the really heavy latency (Australia is far away, 130ms) and the crashes of MT4, I now don't have with my new broker (latency 20ms, fast response to any action).

Regarding the reviews:
I know that many people loose in Forex and want to take revenge on the broker but I also read reviews about brokers not paying the winners of EURCHF-trades, blaming customers to use some forbidden algorithms and cancelling winning trades, traders having losses on their live-accounts and winning on the demo-account with exactly the same trade. And there I allready mentioned that there is a chance that these reviews are fake, but I considered this just recently. That's why I have to reconsider my broker-list because it relies on potentially wrong information.
With dirty business I not only meant the brokers, I also meant such review sites as forexpeacearmy. There is an article about the site, blaming them to blackmail brokers. I think this is even dirtier.
Maybe you misunderstood something.
  • #6,612
  • May 14, 2015 8:17am May 14, 2015 8:17am
Quoting neoxis
{quote} on 1.14 wall maaaan.....fuck!!! hoping not breaks 1.16 EUR TAKE YOUR ASS DOWN! if goes up 1.1390...i'm fucked up. EUR GUYS NEXT TO TAKE A LOSS ON PAYMENT!

Are you sure about suffering a loss due to the exchange rate.In the claim portal I noticed that the amount was also mentioned in GBP for me next to the
amount in USD.
  • #6,613
  • May 14, 2015 8:19am May 14, 2015 8:19am
I am currently considering FXCM UK which is FCA Regulated....just curious as to why no one else has mentioned the.Am I missing something?
  • #6,614
  • May 14, 2015 8:23am May 14, 2015 8:23am
Quoting neoxis
{quote} I don't trust so much fxpro...For my type of trading is not properly good..but anyway i'm worried about another thing. FXpro global (the main company) is under cysec NOT FCA. Fxpro limited (A subsidiary) is under fca. But i'm guess if there will be an hypothetical insolvency will not be FCA to respond on it but most probably cysec. Pay attention to these kind of brokers who have many societies and many regulations. I'm talking just for who has a lot of money inside. I prefer to see ONLY FCA REGULATED. This is just a trick...for let you believe...
Yes man, I agree with you, they do have the FCA regulation although its not the 1st priority for many of us specially after what happened with Alpari.
I had a meeting with them 3 months ago, they are trying to be on track.
But anyway, everyone can do what's logic to him.
if I should recommend broker, after many researches
I'd recommend 3 brokers

  1. Fxpro
  2. Pepperstone
  3. Forex .com

We have to face it, its a risky market, and we've agreed this rule.

  • #6,615
  • May 14, 2015 8:25am May 14, 2015 8:25am
Quoting muckele1
{quote} I think the British subsidiary would regulated separately in case of insolvency of the parent company. that's also been with Alpari so. The Japanese subsidiary was regulated in Japan and compensate the customer for the Japanese law. The cTrader FxPro is really good. very accurate in the execution at market prices. it is in fact an ECN.
Yes you are totally right.
  • #6,616
  • May 14, 2015 8:26am May 14, 2015 8:26am
Quoting FxFrontier
I am currently considering FXCM UK which is FCA Regulated....just curious as to why no one else has mentioned the.Am I missing something?
Yes Dear,
For my opinion after the 300 Millions loan they already had with very tough conditions I don't recommend them at all.
  • #6,617
  • May 14, 2015 8:28am May 14, 2015 8:28am
Quoting FXTune
Since the Alpari-issue I tried out 4 different brokers, all not satisfying: Now I'm with Darwinex (5th) - true ECN-broker - good customer service - low latency and fast servers - FCA-regulated I did not fund my account yet but the demo is really good and I've got a good feeling. Anybody some experience with Darwinex ?
I have an account with Darwinex since January and i'm quite satisfied! The only problem I noticed is often slippage in closing orders, and I talk about very small lots (0.05-0.1), then I think it is not a problem of liquidity!
  • #6,618
  • May 14, 2015 10:31am May 14, 2015 10:31am
mmmm someone of you know what draghi said??? i think something not properly so good looking at the chart GOOOOOOODDD!!! KEEP GOING!


PS: FSCS will pay over 10 milions to clients Enterprise The Business Credit Union declared in default on the next week.

I don't wanna say anything...but i don't think cysec or any other regulation can pay so high compensation in just within 7 days. And prepare in coming days to pay around 40-50 milions $ for alpari uk customers.
myfxbook: neoxis
  • #6,619
  • Edited 11:20am May 14, 2015 11:05am | Edited 11:20am
http://leaprate.com/2015/05/etx-capi...ceive-refunds/

This reporter should write a properly article and not say refund will be made to alpari clients from kpmg starting by June. This is just theoretical not rapresent the reality.
And reality is no one chosen to take any first interim distribution from KPMG. So all these money (most of the money) will be used for recovery FSCS asset and not us.

They should write a better article.

We will gonna take the first (for over 95% of us or more) interim refund only from FSCS. Even cause was not possible keep continue to claim with the company but only with fscs and second point no one would do it. Just an idiot.

I don't think i'm wrong on this. All of us are waiting funds from FSCS no one from KPMG or at least the first is surely FSCS and any further dividend if needed from KPMG.

I hate this misinformation. I ansewered on it.
myfxbook: neoxis
  • #6,620
  • May 14, 2015 11:23am May 14, 2015 11:23am
NEWS FROM KPMG ON FSCS COMPENSATION!!!!!!!

https://www.insolvency-kpmg.co.uk/Vi...3-c0098b008b0a

we gonna take money from today!!!!!!! motherfuckers!!!!!! MOST OF US WILL RECEIVE AN EMAIL BY 20 MAY CONFIRMED PAYMENT HAS BEEN MADE IN YOUR BANK ACC. Not all customers will receive the payment on the first tranche (for example who has changed his bank details or any changed information) probably they will receive a payment as soon as possible in a second tranche.
myfxbook: neoxis
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