First people doing scalping should notice, FxCast never accepts scalping.
Quote:
If a trader always closes his trades in some minutes FXcast cannot accept this trading style. To avoid discussions with traders if 1 or 2 minutes or 1.5 or whatever (you will not imagine what traders discuss!) we have set this timeframe to a secure value.
And you can be sure, not even 1% of our traders fall into this category. Otherwise this respected and well known forum would be full of claims - see i.e. FXCM, IBFX or other well known Broker's reviews. If a trader trades as most traders do - on indicators, trends, swing and whatsoever and there are some short trades due to the market we do not care for this, we do not even recognize it. But if a trader's style is always some minutes and often within a minute we have to stop him. This weas exactly the case below.
The 99% of other customers don't care for this. And if a position runs into loss this trade can be closed immediately. There is no pressure to have a position in loss open. People should not understand that we hunt traders with profit. NO WAY! Profitable trading customers can tell you this.
The myth of so called scalping machines well known and spread over the internet with thousands lines of code (EA) are what their name tells: myths. None of the big retail brokers allows scalping.
If traders trade as the mentioned 99% of the traders they will not even hear about this. FXcast does not play any tricks. We expect traders also accepting our rules. You will not find any claim regarding FXcast hunting pips of customers.
And of course we close also accounts which lose if they scalp. Indeed most scalpers loose their accounts. Scalping is not a theme of profit or loss. No scalping is allowed with FXcast.
On the other side:
Fxcast does not widen the spreads in news times as most other brokers do to stop people from trading durcing news times.
FXcast does not stop servers or trading during news times.
If a trader is trading during news in his trades we will not play tricks to get his position.
FXcast is different, our customers know this.
Your FXcast Team.
Thanks for having the chance to answer.
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Also, I noticed that they mention
"© 2005-2008 FXcast Team"
at the bottom of their pages...
So they're already in business since 2005? Anyone can confirm this?
If it's really the case, I think I'll give it a try... Well...... I find I'm becoming so brave that I'm not too uncomfortable with all these unregulated brokers. XD
Update:
I'm downloading the terminal from FxCast...
It's about 10Kbps, their server seems too remote for my ISP...