Armada Feedback

Discussion in 'Brokers' started by Ramy3, Jun 17, 2013.

  1. Ramy3

    Ramy3 May the pips be with you!

    Joined:
    Jun 17, 2013
    Messages:
    927
    Armada Feedback
    http://www.armadamarkets.com/
     
  2. rod178

    rod178 Well-Known Member

    Joined:
    Jul 16, 2013
    Messages:
    3,148
    I had a look at Armada. coclusions -

    very tight spreads (on average seem to be about 0.15pips lower than Pepperstone - ref Myfxbook)
    UTC offset +2/+3 (only interested in Brokers that use NY close candles ie +2/+3)
    Estonia regulated - well, at least preferable to Cyprus
    Website is not to my liking
    MT4 only
    ECN and Standard accounts
    Does not accept AUD funding
    default 500:1 leverage (maximum preferred so as to reduce Broker default risk - 1000:1??)
    rebates available (always first ask for a better price)
     
  3. jack

    jack Administrator Staff Member

    Joined:
    Mar 29, 2013
    Messages:
    2,427
    I've heard reports of their execution getting slightly worse after moving from the PrimeXM MT4 bridge to their own in house MT4 servers. They also mixed in enough non-LMAX liquidity feeds to make execution differ greatly from LMAX's own PrimeXM MT4 bridge.

    The change is new, so maybe they'll shore things up..

    If anyone has accounts with LMAX directly, and can compare an MT4 account to Armada's new MT4 offering, that would be interesting.
     

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