Thanks for the response. We had tried fx pro on demo mode for a while and it just didn’t hardly make any trades at all. I got so frustrated with it I called up Fap Turbo to get a refund and then I was informed to go with Investtechfx and changed the lot risk reducer to 20.
After that everything changed and we were getting almost $50 per day profits off a $500 demo account.
It looked as if we really had hit the right buttons and after checking with Investtech they assured us the spreads on the demo and live accounts would be exactly the same. The most disturbing thing is that the emails were in total denial of the change and they repeated over and over the spreads were the same. It wasn't until I made a call and made it very plain that they weren't the same that it was relunctantly admitted it was a mistake but then proceeds to justify it by saying it was their policy!
They then placed Fapturbo into a scalping category that gained them a few more dollars for those fees. Even after I told him I didn't think we were really scalping based on what the definition of scalping is (very short trades made in around one minute or less) he said they would put us in the scalping mode and then determine later if we were really scalping and then decide whether we could get those charges refunded.
Sounds like a weird way of determinig whether you were scalping or not- penalize you up front- keep your money for 3 months - earn intrest on it or trade with it and then decide if you get any of it back.
Anyway it does seem like if I could find a 3 pop spread with no commissions I think Fap would perform great.
On reflection although FXPro offer good tight spreads, I think they operate a dealing desk and wouldn’t like a constant stream of small trades.
I understand that in the present economic panic around the globe many brokers have widened their spreads and have stated they will tighten them again “when” the global economy returns to “normal” whatever that might be.
That is likely to be a very long time and I’m sure they will love running on wider spreads. Having said that it is a very competitive industry and I am sure there are brokers who will be wanting to get an edge on the competition. I suggest you look for an introducing broker and let them do the ground work of finding you a cooperative broker, after all their function is to recommend brokers and put the two parties together.
Hi all, is anyone still using / testing PipZu? I have read a few good reviews in places but they are all over 12 months old. I see the EA seem to still be available from the site, which is a good sign.
Any help, pointers, etc. would be much appreciated. Thanks