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FXCBS - FOREX Central Brokerage Services reviews




Average: 2.5 based on 6 reviews
2.5

FXCBS

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Website: http://www.fxcbs.com

FXCBS - FOREX Central Brokerage Services broker reviews

FXCBS claims to provide the following advantages:

  • Anonymous ECN trading environment
  • No Dealing Desk. No re-quotes.
  • Spreads as low as 0.1 pip
  • Market depth feature.
  • Scalpers are welcome!
  • Up to 100:1 leverage
  • Hedging capability
  • Run and test your Expert Advisor
  • Desktop & Mobile MetaTrader4

FXCBS is regulated and audited by:
ESCA, DMCC, DGCX

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REVIEWS & RATINGS

Rating interpetation

Ty

February 9, 2010



2 years Total
1 week with this Broker
2


Be cautious about the MT$ platform with this broker. On the demo account I had my trades wiped out at 00:01 gmt at my stop loss rate when the trades were 50 + pips below . Result was not good and after contacting them their suggestion was to email the ticket numbers and the demo dispute tech would get back with me. Good thing it was a demo account or 2K would have been gone while they looked in to the reason their platform wiped out the account. Still waiting and curious what happened....

Ty

Arthur Beck

November 20, 2009



5 years Total
2 MONTHS with this Broker


Update to earlier comments: I have used their platform(Demo), until they cut me off....60 days. They seemed to have fixed former problem of platform going down as I had no further problems. They also have their Dubai regulatory approvals in place they say. I love the speed of an STP or ECN type broker and they are great for this. As mentioned they must have good liquidity because their variable spreads do not change all that much in low volume hours, such as Forex opening at New Zealand......unlike Varengold where I have seen spreads go up in the 20s during this time. There still remains the question of prompt payment requests which I cannot address of course. But it seems there is still a problem as reported on FPA (Forex Peace Army). The company also comments there and claims the problem is solved. However I will not open a live account nor recomment them until I see positive comments about this from live traders that can be confirmed. Arthur Beck


Kevin, US

August 28, 2009



about 5 years Total
demo with this Broker
3


Good spreads, quick straight-forward support, always helpful.
They now accept Us clients too.
Regultaory status is what's keeping many of us alert, but according to my latest conversation, we are abou to get a regulated broker:
...
Kevin: could you please also give me an update on your regulatory status?
FXCBS Support: Our registrations with the DGCX(Dubai Gold & Commodity Exchange), DMCC(Dubai Multi Commodities Center) and SCA（Securities and Commodities Authorities）are in its final steps, we are setting up our Headquarter in Dubai.
Kevin: ok, so when should I expect it to be done? any approx dates?
FXCBS Support: On the next month ( September )

Arthur Beck

July 23, 2009



5 years Total
2 weeks...demo with this Broker


This broker just moved from the US to Dubai and has applied for recognition with the Dubai regulatory body, which I am told is a good regulator. The platform and spreads are excellent as is usually the case with ECN type brokers. You get actual market bid/offer prices for a 8$ per lot fee which is a little high, but comes out ahead of DD type brokers usually. They must have good liquidity as the bid/ask spreads are not much different in quiet market hours. They usually respond the same or next day to emails....even on a demo account, which is very unusual. Unfortunately, twice now their platform has been down for whatever reason. The last time was for over 12 hours! So at this time I cannot recommend them until that is fixed and until they get approval from the Dubai regulatory body. (can't remember their name). Arthur Beck

Raymond

May 30, 2009



2 yrs. Total
Just started a demo. with this Broker


Leo, you're probably a newbie. No broker will guarantee your entry prices or stops. On entries there is always the chance of slippage because the market is moving too fast. If you use mt4, look at your order screen. At the very bottom there is a small box. Read it. Same for exits. If the market is moving to fast, you may not get filled.

Leo

March 29, 2009



2 years Total
0 months with this Broker


I don't know,

would someone like to trade with a broker, where stops are not guaranteed. Or am I missing something?
Found this from here: http://www.fxcbs.com/etemplate.php?id=27
"*Please note that we will attempt to accommodate clients need but there is no guarantee that your order will be executed at the specified stop loss or take profit rate. Therefore, you should understand that a Stop/Loss order will not necessarily limit your loss to the intended amount."