Traders often come to me with broker issues asking who I suggest to use.
Recently a colleague of mine was able to pole thousands of traders on what they wanted in a broker. The great thing is he was able to influence the way a brokerage operates based on those trader suggestions.
Obviously www.worldprofx.com is the best bet since that’s where Tom’s EA testing has been done and the performance is proven.
WorldProFX is one of the few brokers that can actually offer fixed spreads but also have an ECN solution with one of the best order routing systems in the industry. Their fixed spreads start at just 0.4 pips. Having fixed spreads like this is especially useful to traders using robots for their transactions since the amount of the spread will always be static and thus accounted for prior to the trade.
World Pro FX is an economical choice as well. You only need $250 to open an account. Although this entry price is a bit higher than some other brokerages’ they make up for this by giving their traders access to 400:1 leverage. This will allow you to multiply your profits immediately.
World Pro FX is truly on the cutting edge of quality in trading. They offer a refreshing and unique approach to the forex market. This works in favor of you, the trader. Because of their fair pricing model you can pocket more of a profit and stop worrying about your current forex broker pocketing money that should be going into your account.
Why use 400:1 broker like World Pro FX?
Very good question. Yes it matters greatly. With higher leverage you can “use” more of your money rather then have it used up in margin. You can do the math. with $2,500 in a 400:1 leverage you can trade the exact same as the World Pro FX account in myfxbook. If you have 50:1 then you need 8 times the money to have the risk. Less money =more draw-down percentage and more money = less draw down percentage. It is not that it can’t be done with less money but you just have to live through greater percentage draw downs.
Keep an eye on the margin level of your account. Trade the amount of pairs and the risk settings that you can live with. Trade safe and long live your trading account.