********.com

This is a discussion on ********.com within the Brokerages forums, part of the Commercial category; These last few weeks I have looked and tried a lot of MT4 platforms. This weekend I found http://www.********.com/ Can ...

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Old Mar 6, 2011, 1:26pm   #1
Joined Jan 2009
********.com

These last few weeks I have looked and tried a lot of MT4 platforms.

This weekend I found http://www.********.com/
Can this be to good to be true ?

Straight Through Processing STP/ECN Broker
Margin leverage from 1:1 up to 1:500
******** MetaTrader 4 Terminal
Scalping and Expert Advisors Allowed
Bonuses on new accounts and existing accounts
Spreads: from 0.8 pips
No Commission
Free Fast Deposits/Withdrawal by Debit Card
Regulated


I got the Demo platform downloaded and will try it out over the this coming week.

But on first impressions its all a retail trader would want

Anyone used ********.com ?
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Old Mar 7, 2011, 6:22pm   #2
Joined Jan 2009
Re: ********.com

JDTRADER started this thread Last night and today Demo traded the ******** MT4 platform.

Fast execution so far and I traded from the min to max lots with no re-quotes (But it is Demo !) No gaps in the charts.

Live Chat very fast and friendly

Email response within 3 hours

STP but I think not ECN. Seems compared to other MT4's ******** is nearly a pip above the bid on some and below others but tight spreads. Not seen a news event yet.

So far all good and if this continues seems the best option.

Only downside for UK trader, Accounts in Euro or USD no £. Conversion is at the GBP/USD rate on the MT4 platform.

Will be trading the Demo this Tuesday morning UK session.
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Old Mar 7, 2011, 7:54pm   #3
Joined Sep 2008
Re: ********.com

Hi JD,
Just some info for you. ******** is licensed(?) in Mauritius which is generally a hotbed of dodgy forex companies. Also the address listed on their webpage also houses at a minimum, 3 companies in the same suite 612. They may or may not be similarly owned, but phone # are different.
- bandafx
- Premier Financial services
- ******** (HF Markets)

Hard to believe there is no commission with those spreads. It says "typical spread". My guess you will find spreads somewhat wider if you go live. They probably tack on a fraction of a pip to each side (STP processing does that).

Peter

Last edited by wackypete2; Mar 7, 2011 at 8:35pm. Reason: changed their to there before meanreversion sees it!
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Old Mar 7, 2011, 8:31pm   #4
Joined Jan 2009
Re: ********.com

JDTRADER started this thread
Quote:
Originally Posted by wackypete2 View Post
Hi JD,
Just some info for you. ******** is licensed(?) in Mauritius which is generally a hotbed of dodgy forex companies. Also the address listed on their webpage also houses at a minimum, 3 companies in the same suite 612. They may or may not be similarly owned, but phone # are different.
- bandafx
- Premier Financial services
- ******** (HF Markets)

Hard to believe their is no commission with those spreads. It says "typical spread". My guess you will find spreads somewhat wider if you go live. They probably tack on a fraction of a pip to each side (STP processing does that).

Peter
Hi Peter

Thanks for the feedback
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Old Mar 7, 2011, 9:39pm   #5
Joined Jan 2009
Re: ********.com

JDTRADER started this thread
Quote:
Originally Posted by wackypete2 View Post
Hi JD,
Just some info for you. ******** is licensed(?) in Mauritius which is generally a hotbed of dodgy forex companies. Also the address listed on their webpage also houses at a minimum, 3 companies in the same suite 612. They may or may not be similarly owned, but phone # are different.
- bandafx
- Premier Financial services
- ******** (HF Markets)

Hard to believe there is no commission with those spreads. It says "typical spread". My guess you will find spreads somewhat wider if you go live. They probably tack on a fraction of a pip to each side (STP processing does that).

Peter
I sent Financial Services Commission (FSC) of the Republic of Mauritius an email to confirm that they are regulated plus they have a UK base which I will call tomorrow.

You got my detective spirit rocking
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Old Mar 7, 2011, 10:37pm   #6
Joined Sep 2008
Re: ********.com

Cool. Always good to be thorough!

Good Luck!

Peter
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Old Mar 8, 2011, 11:43am   #7
Joined Jan 2009
Scalping problem

JDTRADER started this thread Today noticed when a trade has gone green I tried to move SL to brake even but noticed on the ticket:

Stop Loss or Take Profit must differ from Market Price by at least 30 pips

On my other MT4 platform Smart Live Markets:

Stop Loss or Take Profit must differ from Market Price by at least 0 pips

Comparing the two platforms I see no difference in execution
Hot Forex is STP but ECN don't think so

Smart Live Markets has the Virual Dealing Desk ON but I see no difference in price or speed of execution.

Hot Forex 500:1/300:1
SLM 100:1

Hot Forex is losing plus still no reply to my emails
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Old Mar 8, 2011, 11:49am   #8
Joined Sep 2008
Re: ********.com

Don't forget 30 pips on a 5 digit platform is the same as 3 pips on a 4 digit platform. Is SML 4 digits?

Peter
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Old Mar 8, 2011, 12:10pm   #9
Joined Jan 2009
Re: ********.com

JDTRADER started this thread
Quote:
Originally Posted by wackypete2 View Post
Don't forget 30 pips on a 5 digit platform is the same as 3 pips on a 4 digit platform. Is SML 4 digits?

Peter
yes both 5 digit
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Old Mar 8, 2011, 12:13pm   #10
Joined Jan 2009
Re: ********.com

JDTRADER started this thread
Quote:
Originally Posted by wackypete2 View Post
Don't forget 30 pips on a 5 digit platform is the same as 3 pips on a 4 digit platform. Is SML 4 digits?

Peter
See my comparison on Hot Forex & SLM:
http://www.trade2win.com/boards/spre...ml#post1456186 post #1385
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