After investing stocks for 10 years, I had a go at forex using 1pipfix broker. I found them to be very honest, legit and secure. They even wave the withdraw fee over 10,000 if you ask them. There just a broker with a personal, honest touch to them. I use different trading styles and each seem to workout within their feeds and execution. The low fixed spreads really help me to make this a profitable daily business.

I opened an account with 1pipfix so I could scalp. The account was easy to open (no having to mail in proof of residence with a utility bill) and they take paypal, which is great. However, that was the end of the nice features.

Gripes: 1) Sizable commission for each transaction you scalp. One microlot will cost you 10 cents, a mini, 1$, and a std costS 10$. On top of the spread. To their credit, they do mention that they charge commissions for scalpers.

#2) I had an issue with an order that I was not able to close. I had to email 1pipfx for a phone number. They emailed me back giving me investechfx's website, with contact information. (All the while, my live transaction was not closable) I called their tech support number only to be told that their lead tech guy wouldn't be in for another 3 hrs-- it was Sunday afternoon, and the market had only been open for 2 hrs. I was told to call back later.

#3) Once you place an order, you are not able to put a stop loss ANYWHERE NEAR your entry. You want a 20 pip stop loss? Forget about it.

#4) If you want to change either your stop loss, or your take profit, you must do this BEFORE the market price gets within 10 pips of either of these values. Otherwise, you'll get a message saying "market too close." That's right. If you're 8 pips away from triggering your stop, and you want to give yourself more room, or if you're 8 pips away from taking profit, and you want to increase your potential profit, you CANNOT change either stop or TP. This SUCKS.

#5) Perhaps the most annoying. The orders take nearly 8 seconds to execute. EIGHT seconds. That's a friggin' eternity when you're scalping. 1 pipfx advertises, "Offering low spreads and STP execution" but it feels like a dealing desk. Not fast at all. And I've made over 100 transactions with them. It always takes this long. Putting in SL and TP also takes forever.

To their credit, they did give me the 10 % bonus right away after signing on. But I lost more than that one day, on two trades, just because I couldn't move my stoploss back 15 pips, for trades that would have eventually profited me after they made a minor retracement. Robots DO work with this broker.

Honestly, for scalping, one would do WAY better with Gallantfx, a small broker in NY I've had for a while. They always answer the phone for software hiccups, and can fix stuff right away. And they really do have STP and low spreads (not NFA affiliated).

I will keep my 1pipfix acct for now, just for EAs and for swing trading. Scalping? Forget it!

Verstehe nicht warum hier so viele 5 sterne vergeben.

Versuchte live für 100 dollar und ist der wahnsinn. Margin anforderung viel zu hoch, sodass man schnell margin call verursacht.
Orders dauern oft viel zu lange bis zu 5-10 sekunden. Dann bezahlt man commison wie bei grossem ECN handel.

Vielleicht ist ab 1000 dollar besser aber für 100 dollar anderen broker empfehle ich.

Der service ist aber auch sehr gut.

ich empfehle für live masterforex. Gut zu testen mit EA. Bekommt man Cent konto und kann für viele tausende Cent handeln wie bei einem grossen konto

*******Translated from German********

Do not know why so many five stars.

Tried to trade live with 100 dollars and is the madness. Margin requirement is far too high, so that causes rapid margin call.
Orders often last too long as 5-10 seconds. Then you pay commisson as large ECN trading.

Maybe from 1000 dollars better but for 100 dollars, I recommend another broker.

The service is also very good.

I recommend it for live forex master. Good to test with EA. Cent account and can get to many thousands cent act like a big account

I just started out with them so I can only review the initial startup. Signup was very easy and fast. I was able to get my funds from my paypal deposit in 2 hours in my account and I was up and trading. All my orders went through fast in the live account, faster then even the demo. Support writes me back in under 1 hour usually.

You have everything here in one place for trading forex. I used to trade with a few brokers at the same time but now I don't need too. This place takes credit cards, has metatrader and low spreads. I am very pleased with the results here.

Lowest spreads of any broker I have found for deposits under 50k. They accept credit cards and especially paypal which is really cool. Try them, not sure you would have any regrets here

Broker is pretty good. I like the low spreads and I am able to trade feeling secure. Haven't had any issues at all in 1 year. Website is always working and platform is up