A new forex broker 'crown forex' is offering unprecedeted one pip spread on Fx Trade. Can we trust it.
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Answer:
Well, besides doing a company check on them, to detarmine where they operate out from. Do they have a technical trading hotline besides Online trading ? Do they have a number to call ? Call them up. See if they even exist.
I will stay with the tried and true. Why ? The most important thing for me is that i will be guranteed a trade especially during peak period. That my "stop" will be "Stop" regardless if there is a gap up or gap down.
I will go for reliability. 1 pip is alot over a long period of time. But look, you are going to try your chances, afterall its one pip. It becomes like gambling, a matter of possibility and not probability.
Look mate if you are not sure, why bother, there is plenty in the market. And also tried. FXCM does 3 pips for majors. Thats not too bad for reliability. And there is 1800 toll free trading number as well.
do you have a broker already? and why are you thinking of leaving them?
sometimes its better the devil you know... just because they have a good opening offer, doesn't mean they're going to be there in the long run.
And remember.. it's your money you could loose to a relatively unknown broker!
Thanks, Matt
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