Hey, not so fast calling them a scam… We have so few brokers,
it’s worth taking a closer look. I chatted with Anastasia in their
support chat, and learned that they are U.S. friendly, and that
their “Standard” account has commish included in spread so
EUR/USD spread shows like 3.0 PIPs… But if you open an ECN Prime
account which requires a minimum of $500 then you get decent
pricing variable spread plus $5 round trip commish… Their MT4
servers are in western Russia.
So U.S. persons would be required to transfer funds through Bitcoin or
Ethereum she said, which I think is fine… On the face of it, although their “Standard” minimum $10
account has poor pricing and commission included in the spread, any
serious trader would use the ECN Prime and get reasonable pricing and
So who’s gonna sign up and dig deeper ? My impression is that it
would be a decent Forex broker for U.S. persons to use.
[EDIT]Transcript of our chat:
Me: What MT4 account has your best spread variable pricing plus commission? The Standard account I am looking at 44xxx15 has EUR/USD spread of 3.0 pips, when most brokerages have 0.3 pips spread…
Spread is floating , data for past week for different account types can be found here - grandcapital.net/trading/contr… [truncated]
Me: Yes, but if I see 3.0 pips when another brokerage sees 0.3 pips… that is truly terrible…
Anastasia M.: Well , you have the right to choose , you can take no deposit bonus for real account $25 bonus - Grand Capital to test our services
Me: Thank you. That pricing would not work at all for me… The ECN Prime does show more reasonable pricing
What are the conditions to open an ECN Prime account type?
Anastasia M.: Min deposit for ECN Prime is $500
Me: That is a variable spread plus commission? What is the standard commission, please?
Anastasia M.: standard doesn’t have comission
Me: For the Standard, commission is included in the spread.
Anastasia M.: Right
Me: So for the ECN Prime account, what is commish
Anastasia M.: $5
Me: OK, thanks.
Anastasia M.: fixed
Me: Are you able to allow U.S. persons to set up an ECN Prime account with no issues?
Anastasia M.: You’re welcome , feel free to contact when you have questions
US residents can deposit and withdraw with cryptocurrency only
Me: That is perfectly fine with me, personally…
Where are your MT4 trading servers located? I have servers in Amsterdam and Miami, FL
Anastasia M.: I can’t give you information about server location , sorry
Me: OK, I am only asking because I need my servers to be as close as possible to the MT4 servers
Anastasia M.: Ours in East Russia
sorry I ment west
Me: OK, that is fine ! So if I decided to fund a test at $500 via BTC then I could open an ECN Prime account and get good pricing?
Anastasia M.: you need to open ECN prime , then deposit to that account with BTC , then contact support Private Office — Sign in and inform about your deposit ( with txhas )
Me: OK, thanks for the information. Have a good one ! BYE