new broker with a spread of ZER0 on all majors!!!!!!

this obviously would be great, i just wonder where there profit comes from? i mean, can they live off the newbies to pay for the profits of the big guys?
 
Quote from trade4succes:

this obviously would be great, i just wonder where there profit comes from? i mean, can they live off the newbies to pay for the profits of the big guys?
More...

The model is too bucket trades from undercapitalized traders who quickly blow out.

Anyone who wins for too long is sent packing. You can play lots of games, increased requotes, dropped logins etc. Or you can simply tell them they arent welcome.
 
you can open 2 accounts with them with 2 differents dsl line ( 2 differents IP) :)
Then take The 2 sides of each trade and wait for a moove to cut the wrong side.
Id they change the spread to fight one of your side you will win on the other one :)
 
Quote from Xenia:

P.O. Box 173
Kingston Chambers
Sea Meadow House
Road Town, Tortola (B.V.I.)

Profinum Ltd. is incorporated in the British Virgin Islands.
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I dont think that is correct, this is the address i see on their webpage:
Contact
Address

Profinum Ltd., 2nd Floor
145-157 St John Street
London EC1V 4PY
UK
Fax: +44 20 77883407
 
Their website states only the first 15 trades per day are free...the 16 th trade and on there is a 1 pip spread charge (on all the majors)... the minors and crosses have spread charges from 5-10 pips...

Aloha.
 
Quote from spieler:

they are in london even if registered in BVI.
A friend of mine opened an account yesterday and credited his account with his Visa card within 1 hour.
He sent his first trade was proposed a requote for 1 pip he refused resent and was ok.
Then he cut with 2 pips spread and made 4/5 trades with between 2 to 8 pips holding the positions for 4/5 minutes.

The soft is good and it takes less than one second to get a fill.

My main concern personaly will be the security of fund with this broker ( he only sent 1000$ to test.)
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only 1000$ to test? their site says a 25,000$ min? or is that just order side? do they have an API?
 
Deposit Requirements
The minimum opening deposit for a Trading Account is US$1000.
You can trade 10K mini lot but cannot have at any moment an open position of more than 1mios$

15 trades a day is enough ,
My main concern is the safe of the deposit
 
If any of you make bigger amount of money nothing can stop them to delete your balance
You will be lucky to receive your initial deposit back
Stop wasting your time
I learn that lesson one year ago
because it happened to me with another scam forex broker
 
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