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Forex Ratings' goal is to range forex brokers and provide analysis of the rates. This rating is based on votes from all sorts of traders from beginners to seniors. If you have ever traded a live account with any of these brokers, please rate it. You may rate several forex brokers, but only once a day. First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes. Monthly voting statistics can be found here.
29 July 2010 | Rick | Capital Market Services Server crashing way too often. 2 days in a row for approx. 5 hours without access. VT good platform, but not reliable. I wonder if CMS is shutting down the server on purpose for financial reasons or they just won't upgrade the server to handle traffic.
27 July 2010 | Cahyo Adi | MasterForex fast deposit and fast widrawl (less than 5 hour)...because i made a widrawl request everyday...hahahaha...little requotes its normal...office and support is friendly in my country...5 thumbs up...
27 July 2010 | trader | FxPro.com Always use a demo account first when changing brokers, then you know what your getting first and you cant complain about slow execution etc
26 July 2010 | Looks Good | ACM Indie review of the new ACM Web Trader.
forexmagnates.com/
I recently checked out ACM’s new WebTrader. It seems there are a host of new platforms coming out recently, and this is the latest one. How does it compare? Let’s take a look.
The first thing that struck me was its clean look. Definitely cleaner than Metatrader 4. At times MT4 can make the screen look a little clogged up, but with the ACM WebTrader, this isn’t the case. To be honest, it’s probably mainly because the charts and the main info screen are in different windows, (unlike MT4), but despite that, it still manages to deliver an efficient but useful main window, including the latest news, in detail, live quotes, large quote boards, (something which most platforms have), your latest positions, and of course your trade log. MT4 has the latest positions and trade log in the same window but you have to flick between them, meaning you can’t view both at the same time. WebTrader however has them in separate windows meaning you can view them simultaneously...
Now, when making or.ders, there’s a few things which I came across which was unique to this platform. The first is something called, a GTC or.der, meaning Good for the day. A GFD or.der remains active in the market until the end of the trading day. Now, since forex is an ongoing market, the end of day must be a set hour. For ACM the end of the trading day occurs at exactly 23:00 CET. So basically, it’s a time limited trade, which automatically closes, whether in loss or in profit, at the end of the day.
Other types of or.ders include, the IF DONE type or.der. This can be really useful, and I’m surprised other platforms don’t have this. Basically, it means, if for example, the trader believes that the EURUSD is going down but will reach a resistance at say 1.3650. At that point, the trader thinks that the market will rebound which is why the trader can place a sell or.der at 1.3600. This kind of or.der allows the trader to execute a strategy without constantly being behind the computer.
When the execution of an or.der reduces the exposure on the traded currency-pair, the FIFO (First In First Out) rule will apply, and the oldest position on the traded currency pair is closed or reduced. If the amount of the or.der is larger than the amount of the closed position, the next oldest position is reduced or closed. This process will continue as long as the entire amount of the or.der has not been booked. If all positions are closed and there is still an available amount which has not been booked, the or.der reverses the exposure from long to short (or from short to long). A new position with the residual amount will be created in the opposite direction.
There is also something called “linked or.ders”. This means, or.ders linked to an open position are called Linked or.ders. It means that the execution of linked or.ders will only affect the linked position by closing it. Linked or.ders are easily configured by the client. The client just has to select a position in the list of all open positions on it and selecting the appropriate or.der type to close that position.
As far as colour customisations go, there’s not really a lot to ACM’s WebTrader. It’s basically the option to have the platform as a dark scheme or a light scheme.
The advantage of a web based platform is that no installation is required (apart from Java if you don’t already have it). The problem is however, web based platforms are notoriously sluggish. Nothing can compare for speed to having a local based platform installed on your own hard drive. Having said that, this is actually quite a speedy platform for its web based nature, and I’m surprised at how smooth it was in regards to moving from different windows, clicking different buttons and icons, opening menus, dragging charts. Ok, if you’re used to say, MT4, you’re gonna find this slow, but it definitely holds up well against other web platforms, and it wouldn’t be far fetched to say it’s the quickest of them all.
Overall, this is a decent platform, easy to use, with lots of functionality. Obviously it’s missing expert advisors – that’s natural, but for a platform for purely manual trading, it does a good job.
22 July 2010 | Jack | eToro I wish people would not post 'empty' posts, but something others can at least learn from. I.e. ...
"31 March 2010 | Samuel | eToro
At eToro has one huge problem - they work against clients. And this problem the most important for them."
What exactly do you mean and how do you know it? Most people on here want to learn and comments like that just does not help and devalues this site.
19 July 2010 | asia fx | AtlasCapital my experience:
trading conditions - 9/10
Customer support - 7/10
Payment (deposit and withdrawal) - 9/10
12 July 2010 | Joan | Alpari Worst customer support I have ever seen, Too rude and unwilling to help customer. Seems their customer support guys never learned abc of customer orientation.
11 July 2010 | Chris.J | AtlasCapital They seem to be regulated in Cyprus as is 85% of the companies on the list on this website ... Not sure if thats a good thing or a bad thing. They are new indeed but they appear to have solid backing ... the parent company mentioned on their website owns one of the biggest banks in the Balkans ... Can't be that bad.
7 July 2010 | Not Aussie | Askobid forex-ratings review claim they is ASIC regulated (Australia)....this is incorrect....they are from Cyprus....not nearly the same.
20 July 2010 | Askobid:
In response to the above comment, Askobid does in fact hold an ASIC license (no. 343628) through it's parent company, Webgine Australia PTY Ltd. Please visit to the following link to view our ASIC profile:
http://www.search.asic.gov.au/cgi-bin/gfs010c?origin=flb&licence_no=343628&role_type=FB&cond_sdate=&cond_stime=&rep_no=%20&a7=&a8=&a9=&a10=&a11=&a12=&a13=&start_date=
Please feel free to contact our support team if you have any questions regarding this or any other issue.
Regards,
The Askobid Team
4 July 2010 | Jean Betons | FXOpen I am with fxfrench.com and I am scalper with ECN. They didn't have a real licence from the african island before so losing it is nulle :D Always paying me on the liberty reserve.
30 July 2010
| FXCM Japanese Yen Poised to Extend Gains as Risk Aversion Continues The Japanese Yen outperformed overnight as carry trades followed stocks lower after a round of disappointing economic data. Equity index futures are sharply lower, hinting more of the same is ahead in European hours...
30 July 2010
| FXDD Japan’s Industrial Production Industrial Production fell below the survey and came in especially weak month over month; the indicator could eventually struggle further if the Yen continues to hold its high valuation...
30 July 2010
| GFC Markets Coming Up Today It appears that risk appetite stalled on Wednesday, as the continuation of poor data on the US economy was confirmed again, this time by a lower reading on Core Durable Goods Orders...
30 July 2010
| FXOpen U.K. Consumer Confidence Falls Again British consumer confidence declined for the fifth straight month in July, with consumers growing more cautious of the outlook for the economy and their personal finances, the results of a closely watched survey showed on Friday...
Asian equity markets have opened in the red this morning, this of course following the US equities’ highly volatile and lower closing yesterday (the Dow closed -0.30% lower, after touching an intraday low of 10387). The Nikkei was trading -1.64% lower on a combo of weaker data emerging from Japan earlier in the morning. Data showed that the Japanese jobless rate was a tick higher than expectations showing a reading of 5.3% act v 5.2% exp. Housing starts in Japan dropped to 0.6% v an expected 1.8% and both industrial production and construction orders dropped; MoM industrial production was at -1.5% act v 0.2% exp/0.1% prev, YoY industrial production dropped to 17.0% from an expected 18.9% (previous was 20.4% while construction orders came in at -10.2% v a previous reading of 9.2%.
30 July 2010 Daily Forex Analysis USDJPY formed a cycle top at 88.11 level on 4-hour chart. Now the fall from 88.11 is treated as resumption of downtrend from 92.88 (Jun 4 high)...
30 July 2010
| Askobid Sterling Ignores Weaker Than Expected Consumer Confidence Sterling is largely ignoring a weaker than expected consumer confidence report from the GfK group. Just moments ago the organization reported that the UK’s headline consumer confidence index declined by 3 points...
29 July 2010
| iFOREX Technical Analysis EUR/USD 1.3064 On Thursday the Euro/Dollar resumed the ascending movement. The European currency appreciated from 1.2981 to 1.3101 yesterday, not exactly matching the neutral Interbank sentiment projection, at nearly +3%, closing the day at 1.3083..
