Quote:
Originally Posted by singh  Hello Rick,
Isn't IamFX a better broker than Alpari because IamFX offers free VPS?
Btw, i just signed up for The Channel Scalper and will be testing that out in the weeks coming. 
Thanks,
Singh |
Hi Singh,
They should be better because they are an
STP, and do not have a dealing desk. Alpari UK is a market maker (unless you have a
Pro account) with a dealing desk and potentially, they can trade against you. In reality, however, the result is different. What I do on a continuous basis is to compare the same EA statement with different brokers. Just recently, I compared Forex Photon across multiple brokers and found a very wide difference. The only statement even close to the demo account I have with Alpari UK is a live account that Forex Photon itself has with FXOpen I think (I cannot check right now because the FF site is down...oh no!
). IamFX also has high commissions compared to other similar players (OneCorp, CollectiveFX etc).
The free VPS thing should not even be considered. Every broker so far that has offered a free VPS does so as a give-away and the stability and reliability of the VPS is no where as good as a commercial VPS provider. If anything, I am turned off by a free VPS offer.
I have been on the verge of switching myself. I even got on the CollectiveFX waiting list for a live account and cancelled when my turn came. There may be a better broker for scalpers but, at the moment, I am very happy with my account performance.
In preparation for The Channel Scalper, read my review thread here and download the set file I use on EURGBP. Also, watch the development that
misterocupo has with the USDCAD pair. I have requested the set file that is being used with this pair.
Rick