Sorry to hear about that.......I believe your government is trying to ruin it for everybody. Just for the sake of answering your question.......
It goes without saying that I like Jade.....at the moment. I tend to have a mercenary attitude towards brokers. I change live accounts like some poeple change underwear, so the fact that I am currently with Jade says it all.
Deposits and withdrawals happen at lightning speed. The feed is pretty good, but their liquidity provider is Citi Bank and Citi Bank have had liquidity problems from time to time, most notably at rollover time, leading to some pretty huge spread spikes. There was a 180 pip spike on the EURCAD about 10 days ago with several brokers that use Citi Bank. I have personally seen 30 pips on the EURCHF at rollover.
Often people will mistake this for stop hunting but that kind of reasoning is simplistic and demonstrates a lack of understanding of the market we operate in.
They are not regulated and some people insist on that. I don't know why because I also traded with MB trading and regulation never once protected me from the myriad of technical problems they experienced....and they did cause me losses. Furthermore, the hedging prohibition actively prevents me getting full use out of my scalpers, as sometimes they disagree on positions resulting in opposite positions.
Their commission is reasonable but their swap rates are a bit harsh. Other than that I am pretty happy with them.
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