I don't particularly like fxcm, but Propfx looks great to me. I went on the demo and the spread on pretty much all the majors looks to be 2 most of the time. It is through currenex and I guess they add a pip to the spread. No commission. They also give 100 ( and up to 200 times depending on account balance) times margin. For this sort of platform the margin sounds awesome to me! Has anyone traded on Propfx? Is there some trick up their sleeve? ...cause every hands a winner and every hands a loser....
I would also like to know of others experience with them. I used the demo which seemed nice, although I don't like the fact that it's Java based. I really like the idea of it being an ECN with no commissions. Just haven't figured what's the catch!?
no catch... i still use fxcmpro from time to time, which is v.similar, same platform, but more liquidity providers... if the extra pip bothers you try hotspot retail (or IB?)
The commission is just built in. Actually its pretty expensive commission when you compare to IB or Hotspot retail.