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Looking for broker for scaping and EAs

Steve B (stevetrade)
Sep 10 2010 at 09:14
1408 posts
I used to have an account with FXCBS a year or so ago that I was using for FapTurbo. They were hopeless for closing the trades and I ended up losing money when other people were making money at the same time with the EA with other brokers.

Maybe they have changed since then. However their dodgy credentials ( whole story can be read on Forex Peace Army ) with them claiming to be regulated and not being and then claiming to be regulated in Dubai but then showing as inactive makes me suspicious.

I'm also dubious about the spreads they offer, I really can't imagine who they are using for liquidity providers in order to offer spreads that low. I trade with both Dukascopy ( largest ECN, biggest liquidity ) and Jade FX ( who use the two largest banks in the world for liquidity ) and neither of them can match the spreads that FXCBS offer. Which leads me to the conclusion that there is something dubious about them.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Siitari
Sep 10 2010 at 12:15
111 posts
Did some search and found that FXCBS does seem to be somewhat dodgy. May be that they are good brokers but things do look starge. Thanks for pointing that out. I really have to demo on Dukas and Jade...

And about Bulletproof, one of it's strategies does indeed seem to be martingale. Uh...

Less effort, better results.
Steve B (stevetrade)
Sep 10 2010 at 12:27
1408 posts
Yeah I bought Forex Bulletproof. Just another dodgy Martingale. Backtest failed and I refunded within 24 hours.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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