What is also strange about this broker is that there are no information about the costs of the services. The broker doesn’t have any information about trading costs and which traders will incur when there is a trade being executed on the trading platform. There is a very small 2 pip spread on the benchmark currency which is the starting point for the spreads and that is the only information available.
Bitsgap is a platform that allows traders to trade on multiple crypto exchanges by only one interface. This is a very interesting idea in theory but in practice, it was shown that is doesn’t work as good. The idea is to allow one to access all accounts via API Keys which is a good idea which can grant the ability to make arbitrate trades. Users didn’t found it so useful.
CMC Markets at first look seems like a reliable platform. However, clients complained multiple times of the broker being a scam after they lost funds and couldn’t withdraw them later.
Globtrex is a commission-free platform which offers its clients three account types with a leverage up to 1:200. There are micro lots available for trade and a fixed spread on demo accounts. However, the users find it difficult to find any further information on the platform’s website on the different account type.
FXORO is a broker that offers multiple account types so the clients can choose between the fixed and floating spread. Users find it difficult to choose and very confusing. The account types are all commission-free except the ECN one.
OctaFX was formed in 2011 and it was registered at first in Saint Vincent and the Grenadines. However, users found it weird that the main operations were run from Jakarta. It did get a lot of support from users in Asia but many believed that it was a scam since there weren’t too many information about this broker.
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