eforex-asia.com Review

this company is now closed. operating under a new name. same employees, same managers, same partners (except Robert "Bobby" Boromeo), in short, SAME RATS! keep away, these rats will take advantage of your interest in fx trading.

PFEC is the worst forex company you could trade in. The people there DO NOT know what they are doing. They are a bucket company who's main purpose is to get a client to put in more money to burn in the market. In the end they would say that that's the way the market moves, no one could ever know. Read the reveiw above its pretty accurate. The Management there are nothing but common theives dressed in suits. AVOID AT ALL COSTS!!!
P.S.
The spread now is 9 pips the commision is $70 so that's $160!!!! What a SCAM!

Don't ever use this broker. I worked there once. I am very familiar with PFEC (company name) and its culture. The trading training is very basic. What gets emphasized more is sales and marketing. Agents are trained to get more accounts than to trade profitably. You wouldn't want sales agents to trade for you, right?
The company earns much more commissions from your losing trades. Also, notice how the company continuously advertise for job
openings every Sunday in Manila Bulletin. The high employee turn-over rate is not a good indicator of the mindset of the management.
Not a shred of integrity in this company. "Traders" are encouraged by their managers to "burn" their client accounts. On the numbers side, your effective cost per trade is 15 pips worth ($150) because of the wide spread (8-10 on majors) and commission fee of $70 per trade. They will also try to discourage you from withdrawing from your account even if you were profitable. Oh, by the way, the platform freezes consistently on crucial moments. ;-P