EFX: Experience Forex Freedom
a few people in this forum have mentioned it. but not sure anyone actually does go with EFX.
I called EFX today. They offer ECN and charge 5 US$ + "spread" of the pair traded. I asked what's spread at the time for gbyjpy? and he checked and told 1 pip. the minimum deposit is 400$
The other thing on memberships CFTC / NFA /FCM.
they refer:
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EFX Group is an affiliated introducing firm for MB Trading Futures, Inc (MBTF) that receives a volume based referral fee for its services. MB Trading Futures, Inc. is registered with the CFTC and member of NFA as a Futures commission Merchant (FCM). MBTF offers execution and settlement services for off-exchange foreign currency (forex) products through EFX.
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Do i need to be concerned on?
Any one uses EFX? please share experiences.
TIA