FIPFX
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Overall
Been trying out their demo accounts for the last month, I am setting up a small account to test them in the live environment now here in Jan to see if they hold up in the real world. NFA membership , which is a requirement for me as a US resident, not lots of other tools or services, but for me all I am looking for is better spreads and consistent fills.
Overall
This sounds good. Their website looks really un proffesional and I am leery. What leverage do they offer? Has anyone cashed out from this site and how is their withdrawl process?
Overall
Read these reviews and appears no one has traded with them for long but I'm always looking for a better spreads out their so Im gonna try out a mini account and see hows things go. I noticed they don't have news feeds available on MT-4 , so for those people who need wire feeds, not the right place for that.
Overall
So far so good. Everything they told me so far has been true i.e. spread, bonus, execution, and service. I'm glad they talked me into trying a small account to compare FIP with my other brokers. If everything continues they will get more of my business.
Overall
I was asked by my account rep Jim as well to post a review here. Nice site actually my fxbook! Never heard of it. Forex Invest Pros are small as people have mentioned but I prefer that given we only have a few HUGE brokers out their in the US left, and they dont have thousands of customers. Spreads are great, and like other people mention here , they are a IB, not a direct broker. Not very often can you find better spreads with someone who isnt the direct broker these days, but I kind of get the sense that the spreads are available because of ILQ not doing retail, so they pass discounts on their operations to their IB's. Whatever, as long as they execute my orders and I can get my funds at anytime ( which i tested, and ILQ processed the wire in less than 24hrs...which was FREE ) I would rather trade with a firm where the person who answers the phone I know personally. One negative to note though since I opened in November 2012, which is the spreads are NOT good when liquidity is thin, like Sunday opens. So if you dont trade on active hours I would do your research.
Overall
Same as other brokers , but cheaper spreads without having to trade tons of volume. FXCM's so called "elite pricing " is about the same on eur/usd BUT they want a commission on top of that! When are these big brokers going to realize that all volume is good volume? Anyway, good job FIPfx
Overall
they have low spreads and good service for sure, but they need to get a better platform option than JUST MT4. I believe that is more ILQ and I kept my self directed accounts at my existing brokers for that reason. Just have a small amount of capital in one of their CTA managed accounts. They said they are getting ninja trader soon, but I haven't seen anything yet. They are better than average but lacking in certain areas like software options, id give them 7 out of 10 or so because of that.
Overall
all they have is low spreads, and since they are new, I would be careful.
Overall
These are good people, they dont bs me like other brokers. I like the fipfx spreads 1.2 or better on eur and like others here, people service is of the highest importance. Cheers fipfx
shahid
Overall
So my account rep asked me to register on here and given them a rating, which I would normally not entertain, but like the guy and I am happy with everything since I started with them in February. I only self-direct trade, so I don't use any of their other services, but my spreads are exceptional and execution has been satisfactory as well. Most importantly, I can contact my account rep Ryan any time I need and he answers! This may seem like a small thing, but with my other accounts at larger brokers, I never speak to the same person twice if I need help. I very much prefer someone who knows who I am and vice versus, so if service is something you care about FIPfx is a great choice.
Overall
Great staff, so glad someone has already commented on FIPfx already. So far so good, never heard of ILQ before either but after I did my due diligence on the NFA site I signed up for a live account. They also have signal providers , and a advisory service I am looking at using but what convinced me was their customer service & spreads... which were significantly lower than my live account at Gain and so far when ever I am in the live account, have been consistent.
Overall
I guess I can't fix the vote I put in on my phone on this site, but FIP is fantastic. I'm no big fish, I trade a few standard lots a day , EUR/USD , and unlike gain and FXCM, who wouldnt even speak to me about their active fx pricing, forex investment pros , an IB mind me about a pip, +- .1, had my mt4 and my acct rep actually knows wtf he is talking about. Crazy. Pleasantly surprised for sure . They have an nfa license and clear through ILQ , 6 months with them so far.
