Recommended Forex Brokers - 3 Reasons to Make the Switch to Loyal Forex Today
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.