I am looking at opening an account with CoesFX. The sales stuff looks good but has anyone here traded with them or have any info positive or negative about them to share before I sign up? Thanks for your input. Steve aka forex5x
Its exactly why they charge a commish that people use them. Tighter spreads, and not taking other side. If you are consistently profitable, no worries that they will screw you. They tend to cater to a higher end clientele. Not the min account size. jay
Their ECN-like business model is the way direct access forex trading should be. The published commissions are on the high side, compared to their direct competitors. However, if you do certain volume, at least nine figures a month, the commissions are fully negotiable.
I would be wary of dealing with a firm that seems to have constant problems with the CFTC and NFA. http://www.nfa.futures.org/BasicNet/CaseInfo.aspx?entityid=0314715&type=reg