A reliable and efficient broker the cornerstone of every
successful trading operation, especially if you prefer to use Forex
robot traders to trade. One of my top recommended Forex brokers is Loyal
Forex, who have just become a full private brokerage on the 1st of
October 2010.
Since then, they have introduced many groundbreaking
changes for the benefit of their clients, and are well on their way to
becoming one of the best Metatrader 4 Forex brokers around. This review
will showcase the benefits of using Loyal Forex and demonstrate why they
are one of my recommended Forex brokers.
Prior to becoming a full
private brokerage in October 2010, Loyal Forex were an introducing
broker to Prime4x. As a result, they inherited all of Prime4x's problems
and limitations, and unfortunately did not help their own reputation.
Most
of the common complaints during this time were regarding fluctuating
spreads, trade rejections and frequent requotes - issues that put off
many serious Forex traders. Had Loyal Forex remained as Prime4x's
introducing broker, you can be sure that they would not be on my list of
recommended Forex brokers.
Once Loyal Forex decided to establish
themselves as a fully independent private brokerage, they introduced
major positive changes for the benefit of their clients. These changes
have sent their customer satisfaction through the roof, and put more
profits back into their clients' trading accounts.
Here are some of the highlights of what Loyal Forex have to offer:
1. No Requotes, Rejections Or Stop-Hunting
Loyal
Forex provides Direct Market Access, which means that orders are put
through to the market and executed immediately. That means that you
won't encounter frustrating trade requotes or rejections when trading
your Forex robot trader.
Loyal Forex also provides Straight
Through Processing, which means that they don't act as a market maker,
and they never take the opposite side of your trades. This ensures that
their interests are always aligned with yours and that you will never
experience the distasteful practice of stop-hunting as you would with
some other unscrupulous brokers.
2. Low Fixed Spreads Guaranteed
Loyal
Forex offers very low fixed spreads on over 60 currency pairs, metals,
futures and CFDs. They have two account options for Forex traders who
want the lowest spreads: the Fixed Standard account which requires a
$500 minimum deposit that guarantees a 1.8 pip spread on the EUR/USD and
2.5 pip spread on the major pairs, and the Fixed Pro account which
requires a $2,000 minimum deposit that guarantees a 0.9 pip spread on
the EUR/USD, 1 pip spread on the USD/JPY and 2 pip spread on the major
pairs.
Low fixed spreads are vital for the long term profitability
of an Forex robot trader because every pip less that you pay means a
pip more in profit for every trade that your Forex robot trader makes.
In the long haul, this will translate to tens or even hundreds of
thousands of dollars more profits than you would have made trading with
any other Metatrader 4 Forex brokers.
3. Extremely Forex Robot Trader Friendly
Loyal
Forex is extremely friendly to Forex robot traders, unlike many of the
Metatrader 4 Forex brokers out there. They fully support the use of
Forex robot traders, and have no restrictions on scalping or hedging
practices. There have been many horror stories of traders making
significant profits with their Forex robot trader, only to be refused
those profits because of some anti Forex robot trader policy that other
Metatrader 4 Forex brokers have in place.
Loyal Forex also offers
an unlimited demo account service where you can test out your Forex
robot traders for as long as you like, with no strings attached. This is
perfect for live testing and validating your Forex robot trader before
running it on real funds.
So, if you've been searching for a
reliable and efficient Metatrader 4 Forex broker, choose Loyal Forex for
their top notch execution, one of the lowest Forex spreads around and
their full support of Forex robot traders. Your account will be fully
protected by the FDIC and withdrawals are simple and easy. Try out Loyal
Forex and see the difference it makes for your Forex robot trader's
profitability today!
Thad B. is a Professional Trading Systems Developer who has
developed and managed dozens of profitable trading system over the years
for a private hedge fund. Forex trading systems are his passion and
expertise, and he has a wealth of helpful resources available for any
serious Forex systems trader.
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