Experience of Brokers that I’ve traded before

By Andeerson Wong

For ZEROMARKETS

Positive

I still using ZEROMARKETS as my choice of broker as of now.

ZEROMARKETS is an ASIC Australia license broker and the spread is so low, or as low as a liquidity provider. MT4 server is very stable and fast and can run using a high-speed trading Expert advisor.

No issue of withdrawal and they follow strictly ASIC rules on deposit and withdrawal, so the documentation must be in order for all transactions. ZEROMARKETS also has a good internal copy trade system and only be seen after sign-up.

Finally, The headquarters is in Australia and the other markets localize support is good and having local people to contact and Whatsapp you should you have any questions.

Negative

Strictly following ASIC is good but sometimes it‘s also too strict and sometimes customers may not like it. They also do not have a lot of advertising and promotions so many traders don’t see them often and they always think this is a new broker. In fact, already many years in Australia and expanded outside of Australia a few years ago.

Anyway, the Branding is not huge yet and that is why not many traders use ZEROMARKETS.

For FXTM

I had been using FXTM for some years and below are my experiences with them.

Positive

FXTM is good with a very fast server and can run using high-speed EA as well. Micro account is one of the best options for new traders and for those who like to start trading with minimum capital. If traders like to copy others' trading, they also can invest in the Fund Manager service where FXTM has a good Copytrade system.

Negative

FXTM is closing a lot of offices worldwide and more concentrate on centralized Customer support and a lot of clients lost contact with localized staff, so the local support is no more available now.

Sometimes, withdrawal has delayed and the feedback is not on time.

Finally, the localize office and localize support are no more there and it brings a lot of inconveniences to localize traders and a lot of new traders cannot have the questions answered on time.