Forex Broker Reviews


Broker Review (2014) - Global Prime: http://www.globalprime.com.au/

 

We are very satisfied with this broker. No re-quotes and fast executions so far. Their spreads are good and additionally their service is impeccable from an ever courteous Jeremy. No problem here at all. We give 5 stars!


Broker Review (2013) - CMC Markets


We have been quite successful with this broker and would have recommended them but it seems that if you make a decent amount of money with them they start playing funny games as they want it back. They will requote on every order you place and can take 30 seconds to accept your stop order, by which time the price may have moved beyond your stop. Be very careful with this broker. We give 1 star!


Broker Review (2012) - MB Trading


The customer service is the worst of any broker we have experience with. The MT4 platform stopped working and there is no way to open or close trades and even if the trade hit TP or SL, trades remains opened and TP or SL are not taken into account. These breaks lasted for more than 5 minutes many times, in some rare occasions they lasted for more than 45 minutes... We give 1 star!


Broker Review (2012) - Oanda: http://www.oanda.com/

 

Be careful if there are news in the market: Oanda opens the spread as much as they want and if you have the stop loss not far from the current price they will run to it. In the rest of the time it is okay but for news trader they are not recommended. E.g. you can see 15 -20 pips spread with the GBP/USD easily... We give 3 stars!


Broker Review (2012) - Dukascopy: www.dukascopy.com

 

We have a live account since some years now. Good help desk, good spreads and fast withdrawal. To us one of the best brokers. We give 5 stars!


Broker Review (2012) - FXCM


FXCM is one of the most famous Forex brokers. They are traded in the stock market, constantly renovating their platforms and have a great customer service. The spreads are fair in their ECN platform. However, several years ago FXCM were fined by the NFA for over $ 2 million for slippage. It appears the broker forced the stops out of its clients, resulting in significant losses. FXCM were forced to pay the fine by the US regulator and return the funds to clients that were harmed by their actions. As great as this broker may be we are very cautions about their poor history with the regulators. We give 2 stars!



Broker Review (2012) - GFT


We were trading really well and then all of a sudden it was taking longer and longer to execute trades. We called them and they had deliberately slowed our trades and refused to speed them back up. Speed went from 1 second to around 20 seconds. Then the market had moved and they started to requote us etc. We ended up getting requote after requote. We give 1 star!


Broker Review (2012) - GCI Financial


They are good for demo-trading but when you open an account you will be requoted, your take profits will not be given to you. They always claim bad-ticks and off market trading. We give 1 star!


Broker Review (2009) - AC-Markets


When you start with ACM everything is great, friendly people on the phone, the deposit is fast and the platform looks good. But then the people at the dealing desk start to manipulate the spreads. Especially when you open larger positions, not to mention the stop loss hunting they do! We give 1 star!


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Comments: 5
  • #1

    Ali (Friday, 21 November 2014 10:17)

    Great site, I love your reviews!

  • #2

    Jack (Friday, 28 November 2014 19:11)

    Best review site! (y)

  • #3

    Kathy (Tuesday, 30 December 2014 10:10)

    Thx for your excellent reviews!

  • #4

    Juan (Friday, 02 January 2015 09:33)

    Best forex review site.

  • #5

    RobertFX (Tuesday, 29 September 2015 12:43)

    Thank you for your great reviews, keep up the good work!