Top Forex Brokers
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| Forex.Com Review |
Those that have had bad experiences with brokers might feel the trailing stops of forex.com to be heartening. The trailing stop of forex.com cannot be attached to any other order rather it has to be a separate order; however, since you cannot attach it to stop or limit order it kind of irritates. However, as soon as you are in the order with the trailing stop limit in pips you can trail the market based on the distance you have decided to with the closest distance that you can be being up to 10 pips. The order types of if-then, OCO, if-then OCO also come with guarantee stop and limit orders which makes the process reasonable but we cannot be sure if that will soon change. Interesting thing about forex.com is you will be able to download the tick data for 5 years on the major 5 currencies, which will be very useful to strategize your investment plan based on past flows and how you have experienced gain or loss with it. You can request the details by a DDE application form. There are some cons to forex.com too. You can deposit money only in USD which is a big headache for those investors that are non US based and would like to trade with their currency deposits. It would be better if they can facilitate multiple currency deposit option for clients. This will have the clients to enjoy income from trading actions and also some appreciation on the currently they have in their deposits. The only USD concept can be okay for those that are not appreciating for USD, but if they do it can be annoying. However some of them are feeling that the guarantee on the stop loss order is not true. Many have had their stop loss executed after 20 to 25 points, which is very bad. In cases of where you will have profits delayed you are not going to get anything rather they have it. Forex.com has its own share of invisible manipulations. A stop delay of 25 points for 100 people is enough profit for them! |
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