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Was seriously considering an ECN Pro account with FinFX but their commission seem very high. What other ECN brokers offer NO commissions?
How about MyFxchoice.com or 100forexbrokers.com for reviews on a ton of them!
FinFX is only for you if you have a large balance, you will open the ECN Pro account, and you will scalp for less than 10 pips using sizeable lot sizes. Otherwise, not for most people.
I have used FinFx because there are now very few brokers that accept U.S. customers. Agree with Alva. Poor spreads on micro accounts with limited pairs. I can say their customer service has always been good to me.
FinFX offers 3 types of accounts:
– micro: only a few currency pairs; spreads are very bad
– normal: some more currency pairs; spreads are bad
– ECN: spreads are okay; commisions are very high, so the profits are small or disappear, especially when scalping. There are other good brokers with NO commision when using an ECN-Account.
Withdrawal is complicated and time consuming.
Alva,
Did FinFX say anything about their “managed accounts” through Pinnacle Management? I’m just curious if this is something they market or if its a new product