I quite like renko too. Takes away the noise
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Yes all brokers make money off spread.
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I now feel less confident in building up my FXCHOICE account for fear that my account down the road could just be disabled and only initial deposit given back to me. My trading setup is not at all arbitrage or latency arbitrage but they could easily lie and say I wasā¦nothing at all I could do about it like you said. I do believe ā¦at least I hope that this is not common for them to do this to traders or we would have heard many stories over the last ten years of accounts getting disabled which we havenāt. The thing that throws me off is the information on site that says they allow Arbitrage and all EAās the trader decides to use. If latency arbitrage is the only kind they donāt allow they should mention it for sure. There are many EAās out there that are labelled latency arbitrage and traders could just end up wasting many months or years building up account only to gain nothing from it.
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Turnkeyfx Spreads/ Fast Withdrawal so far so good. 
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Couldnāt agree more, the way they have upped their game fascinates me.
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Turnkey would probably be my #1 right now if they didnāt have that pesky 1 standard lot minimum on Indices. Donāt enjoy tweaking an algorithm live using 1 standard lot. LOL
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FXChoice has been around a long time and they have 7 and 8 figure account traders. I really donāt think they are in the business of lying about anything. Iād say the dude from FPA is probably the one doing the bad things.
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Even @ the top of the FX food chain using single bank platforms or multi bank platforms like EBS/reuters matching where youāre trading direct with banks on the credit line of your prime broker, there are still spreads and they are usually worse than most ecn retail brokers.
Most institutional single/multi bank platforms also have last look where they have the option to requote or not fill if they canāt make money on the originally quoted price.
As shown recently in the gamestop situation, any trading strategy that is continuously adversarial to market making brokers or STP brokers liquidity providers (behind the scenes market makers) will eventually be shut down.
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An update on the brokers listed here.
The best spreads and commissions seem to be with Turnkey Forex, Hankotrade, Fair Forex, and CoinExx. Turnkey is acting somewhat funny, as SL seems to be triggered earlier than the price reaches it. When I look at the trade record later, it shows that the price reached SL, but visually it doesnāt look that way.
Hankotrade is funky because their spreads are the lowest on a demo account, but when you open a real account (you donāt need to fund it), you will see that the spreads feed is identical to Turnkey, so you are not getting better spreads and getting higher commissions. But if the SL problem with Turnkey turns out to be significant, Iād rather pay Hankoās higher commissions and have the SL and TP act normal. Lastly, Fair Forex has really high commissions on crypto, but for FX seems to be the best so far.
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It should go without saying that once the rules are established, any result obtained without breaking the rules MUST be accepted regardless of the outcome (e.g., a trader wins big). If the brokerās system allows for ālatency arbitrageā and thereās nothing in their contract with you that warns you and prohibits it in advance, they donāt have the right to dishonor your trades (much less take your funds) by simply claiming that youāve done some ālatency arbitrageā or whatever else they can make up on the spot.
Maybe they could ultimately issue a warning and prohibit such things in the future, but not retroactively. So I call BS on all these ālatencyā claims by the broker. If their system allows it, itās on them and they must eat it up. If they wonāt, we need to make a big stink about it and make sure traders leave them in droves.
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False accusations.
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I do not have an account with Hanko Trade, so cannot comment on that. But i do not agree with your comments on Turnkey. I have been trading with them for some time now (and i am full time trader) and I have not faced this issue with them so far. On the contrary, I am finding it difficult to find my third broker to diversify my funds since Turnkey Forex & Coinexx have been so good.
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I have been trading with Turnkeyfx for a while too, and I have not faced SL issue with them either.
Not sure how long you been trading but that there is patently false. The broker has no obligation to pay out anything to you. Especially if you took advantage of an exploit. Nearly every FX shop has had latency arbitrage issues at one point. Most get caught and trades invalidated. Some traders will have have their accounts closed and booted as a result.
Its been like that since inception of retail FX.
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itās not always the broker, sometimes itās their liquidity provider who flags trades, if the LP tells broker they not gonna honor that trade, there is nothing the broker can do
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No issues with me as well. i think, everyone here would agree, turnkey is working much better than before no?
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Broker has to make money some how!
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Very true. They are not in the business for nothing. People forget that.
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Crucial word there is ābusinessā. They arenāt a charity. But this also means they try to be competitive so allows for good choice as prospective clients
Same with any sector too. SHops are there to make money, window cleaners are etc.
People want everything for so cheap these days and donāt realise that those people are trying to make a living too.
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