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fpa vs instaforex
Iepriekšējās 1 2 Nākamais
Jaypipin

Biedrs kopš Sep 15, 2011  77 ieraksti ForexTU-James (Jaypipin) Feb 01 2013 at 10:28
@ckommoju: i dont think your statement is valid, 'they are genuine and skilled' well lets start with genuine; this is case by case, as i see many complaints, so maybe for you the experience has been good, count yourself lucky. And genuine does not reflect the state of a brokerage, are you questioning if they are real and offer what they say they do, well they would have to be in order for you to have an account. Skilled almost impossible to gauge, do you know them personally, what qualifications do they have, how many staff, how skilled do you need to be to answer a phone and send money from one account to another. Most of the software eliminates human error, so effectively you are saying they have good software again giving you a fortunate experience. What do you mean they have a good system, they are a broker, they dont offer signals or robots or similar, they are an intermediary, the pamm service is maybe what you are referring to well that is case by case, and i see the performance overall is really bad on insta, alot of traders losing money on pamm and top performers have bad drawdown, shaky performance..

I think you get my point, and what of the spread!!! you say even new traders can succeed, what kind of statement is that! honestly 90% of traders lose money so how will a newcomer just be successful because they trade with insta. I would strongly disagree. their spread average is really bad, about 10 on non major pairs, major pairs fixed 3 is that what you experience? i ran a spread test and i do this for 20-50 brokers so i know what im talking about. Look at my current demo trading, insta has the worst performance because i would not allow my trade copier to enter trades with insta because EURAUD is 10.0 spread.

This is a strong argument for a new trader to lose money with insta. Try pepperstone, or alpari ecn these are good honest brokerages with spread averages at 2.5 not 10. Your comments leave me questioning your purpose. Are you working for insta perhaps.
Reason i started this campaign was because insta have a pamm system and leaderboard so it is good to promote activity. But 'alarm bells ring, you say your heart still sings' libertines. I wanted to open a pamm account, but soon as i saw fpa... i started this blog.

@XharpScalper: valid comments. but still i am not comforted in the manner which FPA have ignored my emails, and do not have contact details on their website.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Financialarts

Biedrs kopš May 30, 2012  134 ieraksti Financialarts Feb 01 2013 at 11:30
I'm with Instaforex for over 3 moth's now,
haven't had a problem with withdrawing money
3 Pip fixed spread you say?
enter a rebate provider promotion key when opening an account, it greatly reduces spread costs,
as I only trade the eurusd pair i don't care about the spreads from other pairs.
I only use the PAMM system to trade,
why? Because if they screw with you there, they have more angry people to answer to because its not only ur money at stake.
So overal: Only problems I had was to get the first cash uploading, after that, no more trouble.
I'm not encouraging others to trust them, I can only say things from my personal experience.
I don't take all the things people say about a broker serious. Most people don't know what they are talkng about.

Do you research, Before trusting a broker completely, only get in with them with a small deposit.
Never take welcome bonusses. Which cause the most reasons for discussion.
(And try not to scalp to much.)

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
myfxpt

Biedrs kopš Aug 06, 2011  345 ieraksti Gary Sharp myfxpt com (myfxpt) Feb 06 2013 at 21:08
Financialarts posted:
Do you research, Before trusting a broker completely, only get in with them with a small deposit.
Never take welcome bonusses. Which cause the most reasons for discussion.
(And try not to scalp to much.)


Agree totally!

learn to trade | receive trade alerts |
Financialarts

Biedrs kopš May 30, 2012  134 ieraksti Financialarts Feb 07 2013 at 14:46
And another big win for me at instaforex today ^^

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Jaypipin

Biedrs kopš Sep 15, 2011  77 ieraksti ForexTU-James (Jaypipin) Feb 07 2013 at 15:26
@Financialarts - Well done !
I wrote to FPA on their website on two occasions last week (2 Feb 2013) they simply ignore me.
So i am beginning to think FPA is not completely trustworthy
I will try a live account with insta in a few months

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Financialarts

Biedrs kopš May 30, 2012  134 ieraksti Financialarts Feb 07 2013 at 15:36
I think on FPA most brokers tries to set up bad stories about the other ones,
You don't know who to believe anymore.

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
moneygrows

Biedrs kopš Jan 14, 2011  35 ieraksti moneygrows Feb 21 2013 at 07:49 (labots Feb 21 2013 at 07:49 )
XharpScalper posted:
Further more FPA has no conflict of interest with traders where as brokers might have it , use your head FPA is Savior of traders.


If you derive income from advertisement slots sold to brokerage firms, then there is a conflict of interest :)

Financialarts

Biedrs kopš May 30, 2012  134 ieraksti Financialarts Feb 21 2013 at 20:26
moneygrows posted:
XharpScalper posted:
Further more FPA has no conflict of interest with traders where as brokers might have it , use your head FPA is Savior of traders.


If you derive income from advertisement slots sold to brokerage firms, then there is a conflict of interest :)


burn, thats true

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
myfxpt

Biedrs kopš Aug 06, 2011  345 ieraksti Gary Sharp myfxpt com (myfxpt) Feb 21 2013 at 21:06
moneygrows posted:
XharpScalper posted:
Further more FPA has no conflict of interest with traders where as brokers might have it , use your head FPA is Savior of traders.


If you derive income from advertisement slots sold to brokerage firms, then there is a conflict of interest :)


So who pays for FPA? Who pays for Myfxbook whilst we're on the subject? There is conflict of interest all around us from national television broadcast networks to your local newspaper, and especially online where we expect everything free of charge. Someone's got to pay somewhere along the line, and if it's not you or me, then it's usually advertisers. It's up to you and me to keep an open mind, tempered with just the right amount of healthy skepticism when performing our due diligence of a broker or service provider.

Personally, I ALWAYS start with forums to get a feel for community feedback. Myfxbook, FPA, and Earn Forex are good sources to begin with. Next I like to look at regulation and the credibility of the regulatory authority relevant to a broker, the legal jurisdiction in which they operate, segregation of client funds and the credit rating of the financial institution holding those funds, a physical business location, etc., etc., to build as complete a picture as possible. I have no problem communicating directly with regulatory authorities and financial institutions to confirm details provided by a broker and/or service provider, and if these details cannot be confirmed I run away!

Overkill? Yep! But I sleep at night knowing my funds are safe.

learn to trade | receive trade alerts |
Jaypipin

Biedrs kopš Sep 15, 2011  77 ieraksti ForexTU-James (Jaypipin) Mar 11 2013 at 12:35
@myfxpt : your spot on, i may have taken it even further. See the data i have collected on a excel doc (it was originally started by rooicol on forexfactory, but i took it for a spin).

Im sure you all will enjoy and find useful. Due to criteria some brokers will feature differently to your needs, (useful hint: once doc is open, press 'cntrl a' and 'cntrl a' again, now all data should be selected. select 'data' then 'sort data' - be sure top right box for headers is selected. then add and delete and adjust sorting by your needs, such as leverage; highest to lowest, or overall rating etc.)

find the recent update on my website, forextu.com (look on right of homepage)

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
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