FmrBrokerExecutive
Master Sergeant
- Messages
- 264
Not ECN?
It is almost impossible to make money as an ECN and keep a license in Australia.
The costs are way too high for not enough money. Just because a broker isn't an "ECN" (which is a marketing term) doesn't mean they can't still have great execution and good trading environment. If USGFX isn't legitimate, ASIC will shut them down. But they have been in business for awhile and having negative reviews is pretty common... so does Synergy, Peppersone etc... both ASIC brokers.
It is almost impossible to make money as an ECN and keep a license in Australia.
The costs are way too high for not enough money. Just because a broker isn't an "ECN" (which is a marketing term) doesn't mean they can't still have great execution and good trading environment. If USGFX isn't legitimate, ASIC will shut them down. But they have been in business for awhile and having negative reviews is pretty common... so does Synergy, Peppersone etc... both ASIC brokers.