Ive been demoing these guys, but dont know if I trust them with real money. Is anyone here using them with a cash account?
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The Collective FX
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Re: The Collective FX
Other brokers with very narrow spreads often have very large differences which are apparent after establishing a live account and then comparing the live data action to the demo- the demo with this broker did so poorly for Grail2 EA (a scalper), I am now not sure if this would reflect the real world or if the data is utterly incompatible with this EA... the demo on other low spread brokers had great results, but did poorly live so far
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Re: The Collective FX
The monthly fee is very low...but depends on your trading style and activity.
It's not a moneymaker for The Collective, just to keep costs in check.
Advantage: new huge liquidity provider, best low spreads in the business, no messing with EAs and play other broker games.
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Re: The Collective FX
i am happy with jade. If I do not trade i dont pay anything. Collective may be interesting for they entry level with low monthly cost. But they are not available right now. It always depends how much you trade. Maybe a professional trader can afford those monthly costs as it will them cost always less than elswhere.
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Re: The Collective FX
When I calculated how much I have paid to GoM because of the spread difference it appearce to be more than the monthly fee for CFX. Spread is much lower and price feed looks pure and unfiltered.
Othere issue I found is that EA that show good performance as MD are not trading in the same way as in GoM, they trade less for some reasons.
Cheers
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