An efficient and reliable broker is the foundation of any trading operation. This is especially true if you are using Forex robot traders. Loyal Forex has just been made a fully private brokerage. They have made numerous changes to their business for the betterment of their clients since then and are fast on their way towards becoming the best Metatrader4 Forex broker. This review will show you the advantages of Loyal Forex as well as why they are my favorite FXCM Markets.
Loyal Forex, a former introducing broker to Prime4x, became a private brokerage in October 2010. Unfortunately, their reputation was damaged by inheriting all of Prime4x’s limitations and problems.
The most common complaints were about fluctuating spreads, trade rejections or frequent requotes. These are all issues that frustrated many serious Forex traders. You can be certain that if Loyal Forex had remained Prime4x’s introducing broker you would not have them on my list.
Loyal Forex became a completely independent private brokerage in order to make positive changes for their clients. These changes have resulted in a high level of customer satisfaction, as well as increased profits for their clients.
Here are some highlights from Loyal Forex:
1. No Stop-Hunting, Rejections, or Requotes
Loyal Forex allows direct market access. This means orders are immediately sent to the market and executed as soon as they arrive. You won’t be faced with frustrating trade requotes and rejections when trading Forex robot traders.
Straight Through Processing also means Loyal Forex doesn’t act like a market maker and never takes the opposing side to your trades. This means that they will always be in your best interests and you won’t have to experience stop-hunting like you would with other unscrupulous brokers.
2. Low Fixed Spreads – Guaranteed
Loyal Forex offers low fixed spreads on over 60 currency pairs and metals, as well as CFDs. For Forex traders who are looking for the lowest spreads, they offer two accounts options: Fixed Standard account, which requires $500 minimum deposit, which guarantees a 1.5 pip spread over the EUR/USD and 2.5 Pip spread across major pairs. Fixed Pro account, which requires $2,000 minimum deposit, which guarantees a 0.9% spread on EUR/USD, 1p spread over the USD/JPY, 2 pip spreads on major pairs.
A Forex robot trader’s long-term profitability is dependent on low fixed spreads. This is because for every trade your Forex robot trader makes, you will receive a pip more profit. Over the long term, this will lead to thousands or even millions of dollars in additional profits than if you trade with other Metatrader Forex brokers.
3. Forex Robot Trader Extremely Friendly
Loyal Forex is a great choice for Forex robot traders. They are openly supportive of Forex robot traders. There are no restrictions on scalping, hedging or any other trading methods. Horror stories have emerged of traders who made huge profits using their Forex robot trader only to have those profits denied by Metatrader 4 Forex brokers because they have an anti Forex robot trader policy.