too good to be true
Ok so I found a broker, LoyalForex, and they promise a lot (see below).
This is from the LoyalForex home page
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2 Fixed on eur/usd,
2 PIPS! On Majors
1. Never Trade Against your Client
2. Faster Deposits & Withdrawals
3. *No Slippage
4. Same low fix Spread, Especially on news!
5. No Stop Hunting
6. *Faster Execution of Trades
7. Give clients the top Platforms & Charts
8. We don't pick your leverage, you do.
9. No maintenance margin, no margin call and no automatic closing of positions
10. We will put in 10% bonus to new clients on initial deposit!
*(not Guarantee but we try to prevent & provide)
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So they promise not to wipe your account but offer up to 500:1 margin. Too good to be true? Could not find any information that showed them belonging to any regulatory membership like the CFTC. If you Google LoyalForex that have nothing but 100% rating every single time. Any feedback would be greatly appreciated.
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