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Hi everyone and sorry for my absence i was on a trip to the emirates and Quatar for business and just came back yesterday.
I am pleased to see all of my traders friends here and to see that my partner and head IT nnjeim is here to to help moderate this thread.
This is the new info i would like to submit to all of you in the matter of my teams finding in the search of a "Decent Broker" ( if the word can apply as Mr MiniMe so justly Said)
We Finished our First Broker investigation and made a SLA (service level agreement ) with him to be able to reassure ourselfs and our clients that the service will be honored and the downtime will be taken on its responsability and that the accounts are safe from any harm.
and ask for the aleccoh's team personal POA when you open the account
MAY I REMIND ALL OF YOU THAT WE ARE NOT AND NEVER WILL BE AFFILIATED WITH FASTBROKERSFX IN ANY WAYS AND OUR ASSOCIATION WITH HIM IS MERELY TO PROPOSE TO OUR CLIENTS A DECENT SERVICE THRU OUR GROUP IN ORDER TO MAKE THE BROKER THINK TWICE BEFORE MESSING AROUND WITH THE SERVICE PROVIDED BECAUSE HE WILL LOOSE ALL OUR GROUP AT ONCE AND WITHOUT PRIOR NOTICE.
This is the first broker we think and trust will provide you with a good service and are in the endeavour of finding more with the same criterias.
We are as we speak in discussion with FXDD , MIG and SPACEVISION.SA in order to take the same reassurances as Fastbrokersfx gave us in order to publish our findings on the thread and propose to our customers a choice of brokers that we THINK are reliable
at last i want to thank EACH AND EVERY ONE that posted on this thread there findings in the matter of brokers because i was really touched by such an overwhelming support to our Team and hope we will always provide you with the best service available in the most dangerous and volatile market in the world FOREX.
Yea, sorry... Here's the poop on IBFX. You can follow the paper trail on the NFA web site, but: IBFX truely doesn't have a dealing desk. In fact, they are basically just a hugh IB for a clearing firm call Forex Liquidity, but that's where it all falls apart. Forex Liquidity does have a dealing desk and one of the most sophisticated. Forex Liquidity is to the retail forex, what Halliburton is to the Iraq war. They are hugh and provide liquidity to a lot of the larger FCM's. Mini accounts are the key to staying under the radar. However, I would just stay away from them altogether.
if one follow the path for opening an account with fastbrokers.com, you get the account opening forms from forex liquidity. So obviously fastbroker.com is an IB for them as well like IBFX. So what would be the difference between them an IBFX???
if one follow the path for opening an account with fastbrokers.com, you get the account opening forms from forex liquidity. So obviously fastbroker.com is an IB for them as well like IBFX. So what would be the difference between them an IBFX???
Jens
Hmm... tread carefully my friend... FXLQ = big nasty problems
Like I said, they are behind the sceens clearing trades for a lot of brokers. Unfortunately for us, FXLQ can only use Metatrader as their platform...
What seems a little strange is that the server is near Zurich (Suiss), and it's the same server adress as ForexDayTrading Managed, from Miami.
Something looks not so clear.
But for me, the worst remains the double margin of hedged positions.
The difference between Fastbrokersfx and Interbankfx is , eventhough they use the same liquidity provider,that Fastbrokersfx signed a SLA wich stipulates that he will provide good services and that I (aleccoh's Team) will PERSONALY assume any losses or unachieved gains or any SL and TP or Pending orders not honored to any trader under the aleccoh's team private group trading if there is a problem with Fastbrokersfx and will sort the manner with Fastbrokersfx later on
This is why i chose Fastbrokersfx to be a Broker trustworthy and would advise my clients to trade with eventhough i am not and never will be affiliated to them in any sort or manner in order to be able to monitor there behavior rationaly and independantly for the well beeing of my clients assets and accounts.And you saw what happened when my team sensed a danger with our past affiliated broker, the accounts stopped trading instantly and the traders advised and the funds withdrawn in a couple of days.I think that would be dissuation enough for any broker, making him think twice before commiting any foreplay like the one you witnessed live on this thread.
The difference between Fastbrokersfx and Interbankfx is , eventhough they use the same liquidity provider,that Fastbrokersfx signed a SLA wich stipulates that he will PERSONALY pay any losses or unachieved gains or any SL and TP or Pending orders not honored to any trader under the aleccoh's team private group.
This is why i chose Fastbrokersfx to be a Broker i would advise my clients to trade with eventhough i am not and never will be affiliated to them in any sort or manner in order to be able to monitor there behavior rationaly and independantly for the well beeing of my clients assets and accounts.And you saw what happened when my team sensed a danger with our past affiliated broker, the accounts stopped trading instantly and the traders advised and the funds withdrawn in a couple of days.I think that would be dissuation enough for any broker, making him think twice before commiting any foreplay like the one you witnessed live on this thread.
Good Day
aleccoh
I am curious now. I've never heard of a broker agreeing to those conditions before. At least not in writing. I will be monitoring this thread to see how well they honor their promises in the coming weeks and months...
Hope lingers.... only time will tell now....
UPDATE: aleccoh asked me to clearify that "aleccoh's team will pay any loss incured by the wrong doing of the broker and THEN take it out with the broker." I suppose so the investor/trader won't have to wait for compensation from the broker first. Good idea aleccoh, because waiting for a broker to pay could be a very long wait... lol...