Thursday, June 12, 2008


This company is not to be trusted.

First let me look at some of the comments made here regarding the "Spreads".

I defy any one who has posted the advantages of EFX spreads to actually demonstrate their accuracy. I am currently trying to trade with this platform and it is F***ing useless. I have been disconnected twice from the order server.

The quotes on my entry and exit trades bear no resemblance to those on the quotes board. I have experienced this phenomena several times before and several times today already, and complaints to EFX are dismssied with problems at my end. I know that this is not true.

Either their platform is unstable or their server is unstable. will give you an example. The quotes board is reading 83/43 USD/JPY. But, my position has yet to be updated it is reading79/80. Thids is within the same platform!!! It makes it hard to try and get out. Part of the problem might be that they use three servers.

A quotes server, an order server, and a perms server. I have been slipped over 6pips tonight on three trades because the quotes do not correspond with their feed.

When you combine this with the commission, the three trades have become expensive... I would like to mention the commission aspect of EFX. I am going to give them a scam rating and for this reason.

I have looked at the previous reviews and have visited the non dealer forum. There is to my mind an orchestrated campaign to deceive new traders with regards to the charges and spreads advertised. They mention commissions but not the Round trip.

I defy D Larsen - below - to spell out these magical trades mentioned below. I have kept a record of my entry and exotpoints. It is impossible to enter and exit without paying at least one spread. Trust me on that one. I have spent hours trying to. The system will not let you.

So much for non dealing desk. This brings me to another aspect of the review classification. They have set up this forum to clinically attempt to show a distance between themselves and an allegely impartial arbiter. You only have to look carefully at this site to realise that it is part of the scam. I have been sucked in by this tripe.

And, by the way, the constant reference to Barron's No 1 is not for forex. It is for MBTrading and the share market.

I do not recommend anyone to join this company until they can absolutely prove they are honest with their quotes and dealings. I'll be leaving very shortly. Do not put any large amounts of money with this company.

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