A trusted and efficient broker the cornerstone of every successful trading operation, particularly if you prefer to use Forex robot traders to trade. One of my top recommended Forex brokers is Loyal Forex, who’ve just turn into a full private brokerage on the very first of October 2010.
Since then, they’ve introduced many groundbreaking changes for the advantage of their clients, and are well on the solution 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’re one of my recommended Forex brokers.
Just before becoming a full private brokerage in October 2010, Loyal Forex were an introducing broker to Prime4x. As a result, they inherited every one of Prime4x’s problems and limitations, and unfortunately didn’t help their particular reputation.
The majority of the common complaints during this time period were regarding fluctuating spreads, trade rejections and frequent requotes – issues that delay many serious Forex traders. Had Loyal Forex remained as Prime4x’s introducing broker, you can be sure that they would not be on my listing of recommended us forex brokers.
Once Loyal Forex decided to ascertain themselves as a totally independent private brokerage, they introduced major positive changes for the advantage of their clients. These changes have sent their customer care through the roof, and put more profits back within their clients’trading accounts.
Listed below are a few of the highlights of what Loyal Forex have to supply:
- No Requotes, Rejections Or Stop-Hunting
Loyal Forex provides Direct Market Access, meaning that orders are subjected to to the market and executed immediately. Meaning that you won’t encounter frustrating trade requotes or rejections when trading your Forex robot trader.
Loyal Forex also provides Straight Through Processing, meaning that they do not become 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 go through the distasteful practice of stop-hunting as you would with several other unscrupulous brokers.
- Low Fixed Spreads Guaranteed
Loyal Forex offers very low fixed spreads on over 60 currency pairs, metals, futures and CFDs. They’ve two account choices for Forex traders who would like the cheapest spreads: the Fixed Standard account which needs 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 needs 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 future profitability of an Forex robot trader because every pip less that you spend means a pip more in profit for every single trade that the Forex robot trader makes. In the long run, this may translate to tens or even countless tens and thousands of dollars more profits than you would have made trading with every other Metatrader 4 Forex brokers.
- Extremely Forex Robot Trader Friendly
Loyal Forex is incredibly 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 has 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 provides an unlimited demo account service where you are able to try out your Forex robot traders for provided that you like, without strings attached. This is ideal for live testing and validating your Forex robot trader before running it on real funds.
So, if you’ve been looking for a reliable and efficient Metatrader 4 Forex broker, choose Loyal Forex for their first-rate execution, one of the lowest Forex spreads around and their full support of Forex robot traders. Your account will undoubtedly be fully protected by the FDIC and withdrawals are simple and easy. Try out Loyal Forex and start to see the difference it creates your Forex robot trader’s profitability today!
Thad B. is really a Professional Trading Systems Developer who is rolling out and managed a large number of profitable trading system through the years for an exclusive hedge fund. Forex trading systems are his passion and expertise, and he includes a wealth of helpful resources available for any serious Forex systems trader.