Capital Forex Lite & Pro

mikedr6

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Greetings fellow traders,

I would like to take this opportunity to first introduce myself, I am a recent grad of Architecture and Philosophy, who's always had an interest in the markets. I have just recently started reading/researching/practicing currency trading, and the last few days I have been focusing on finding a decent broker for when I am prepared to go live.

Now, I have come to the conclusion that I would like to try an ECN broker. My main criteria are that the company should not have a vested interest in me losing, ie not taking a position against mine. It only seems logical, hence I want to avoid market makers. Unfortunately, minimum deposit is also an issue, as I want to start out small and build my way up to larger sums, hopefully. No need to rush things and start out with a large deposit. So, I am starting to narrow it down to MB Trading ($400 min deposit, ECN) but even more so, London Capital Group and their Capital Forex Lite and Pro have caught my eye as a potentially good choice.

Has anyone had experience with London Capital? How long have you been with them for? Also, do you have difficulty withdrawing funds? And discrepancies between your orders and the actual executions?
Also, their websites are quite limited in information. Now I am sure that Capital Forex Pro is ECN, they use Currenex and the other 4 major ECN networks. But I have no information about their minimum deposits and other requirements. They seem to be geared more towards larger institutional clientele.
I was under the impression that Capital Forex Lite is also an ECN, although it doesn't explicitly say so. Then I came upon an online review site that has it listed as a Market Maker:

Compare Forex Broker | Comparison Table

Which one is true?
Please, if you have answers to my particular questions, go ahead and answer, but also feel free to share any other experiences you may have had. Thanks and happy trading everyone!(y)
 
no, but i talked to them. there minimum is 35,000 to open an acct. and the average trade size is about 200,000k (2 lots)
 
no, but i talked to them. there minimum is 35,000 to open an acct. and the average trade size is about 200,000k (2 lots)

Friend the broker about who you are talking must be broker who only deals HNI (High Profile ) clients. That is why their deposit amount is so high. Most of the brokers who have their deposit rates hight deal high profit clients only. And do not entertain small clients.
 
exactly my point. if you want to be a real trader without mt4, then you have to get your money up. otherwise, you play a game with the brokers. no games with a real ECN like them. remember, the odds of us with far less capital usually don't ever make it to that point because the type of brokers we deal with on the smaller level will just get you the longer you stay. start off small then hope you trade style is consistent enough, then make then next step up, and keep making those steps.
 
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