Getting started at forex? The newbie would often turn to names with brand recall. I’m looking at you OANDA or CitiFinancial. Big brands are safe. There’s a catch, however. Due to their size, the average customer can’t expect premium services from a company that handles thousands of customers. You’re just one of the drones making the big companies money- therefore you’ll have to accept their limitations such as
- Massive spreadds
- Hefty commission fees
- Lagging customer service
- Crazy slippage
I’ve been a forex trader since 2005 and played with brokers like XForex, IronForex, CIC Asia and Performance Foreign Exchange. I’ve made a fortune from these brokers starting with as low as $2000- but then I realized that some companies aren’t so forthright (No naming names here). During periods of high volatility, for instance, I’ve noticed massive discrepancies between feed on their demo accounts and live accounts. Spreads go sky high. And orders lag. Worse- when it’s time to withdraw that hard earned cash- there’s a lot of hemming and hawing. You almost feel like you’re talking with donkies.
This is not the case with ExcelMarkets.com- The Best I’ve tried So Far
ExcelMarkets.com stands out as a truly unique company that spoiled me with customer service that truly served before and after the sign-up. If there’s someone burning up their chat lines, that’s probably me. And yet, they field calls with a smile.
And it gets better.
Imagine spreads from .6 to 1.6. That would be an insane proposition, even for lying companies that promise you stars but sell you mud. Execution streaks lightning fast even during periods of crazy volatility. I’ve never seen lags even during the advent of economic news releases.
Leverage is above average going up to 1:400, and lot sizes range from .01 to 8… something high risk traders like myself look to.
I love the fact that they let you use Metatrader while provide full mobile support. Tools abound on their site- all easy and straightforward to you.
Nope, this isn’t a paid review. I’m a happy camper and this accredited broker deserves all the support it can get.
Three cheers to you ExcelMarkets.com.
Oh- and are you wondering how to succeed at forex? Check this out
And now some eye candy for you forex traders: