Order Execution - Forex Broker Testimonials
Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.
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Fondex is a solid broker that takes its place in the top end of my list.
However, it should work more to climb to the very top.
The speed of order execution delights me every time I trade in the market.
At first it seemed to me that I was trading in a simulator. Because such speed cannot be real.
Jan 25 2023
Good spread and trading conditions
Excellent customer service
Variety of deposit and withdrawal method
Very fast execution speed
This is a good broker with low spreads and a smooth-flowing platform which makes it easy to grow small accounts
Japanese candlesticks' closing and opening timings may vary across different time frames, but the price movement remains consistent with other companies in terms of market dynamics. Regarding the spread, I have observed that it is significantly narrow across various currency pairs, which is advantageous for this company.
In the past, the company faced a poor reputation and encountered numerous issues. However, they have successfully addressed and resolved those problems, resulting in a substantial improvement. The company has made positive changes to its policies, and one notable improvement is the reduction in lot sizes. This adjustment accommodates traders of all levels and preferences.
Depositing funds was a quick and straightforward process. Additionally, they provide the option to open an account using a business license, which is beneficial for those looking to utilize their company's funds for trading purposes.
However, there have been instances where the spread for gold has been considerably large, resulting in pending orders not being triggered. Moreover, the stop loss feature does not consistently execute tightly, often closing trades a few pips beyond the set stop loss level. Unfortunately, I have not yet had the opportunity to test the withdrawal process, as I have been experiencing losses during this period.
Not a bad broker actually, but I just can't stand that sometimes the spread could be quite huge for gold until the pending order was triggered. Speaking of order, there are some problems with it too. Stop loss is not as tight as I hope it would be. Plus, it usually will close my trade a few pips more than my set stop loss. It is really dangerous for my position. Due to this, I haven't got the time to withdraw yet as I am always loosing.
This is one of that broker that is good at the beginning but then slowly turns into something horrible. I don't know if horrible is the right word, but it is certainly not pleasant. I did have a good time with them in the beginning. Smooth trading, no problems with withdrawal, great service. All of sudden, they keep having withdrawal problems. The company would now release my funds despite providing all the docs they requested. It has been nearly two weeks since my withdrawal request, and my money is stuck in limbo.
After using this broke for at least 6 months or so, I can finally conclude. This broker is mediocre at best. I know this result is probably not the most ideal but that's what it is. They aren't bad either. But I guess it's good that they actually did what they advertise? IDK.
So far, I have yet to experience the worst. At least my order is executed properly. Spread isn't too good, I must say. But it's not too high so I can live with that mmkay.
Probably need more time to make up my mind about this broker.
Etoro is a good platform for beginners to trade and learn the markets. But, there are a lot of things that could have been better. For example, the graphs on the mobile version need alot of work, there is no visual entry, TP, or SL on the graph or no ability to draw boxes. Those are just on the top of my head. But well I guess I can't ask for too much since this broker is quite affordable. Will continue using them.