As you probably know, the results of an independent test drive of a certain product or service can be viewed as an indicator of its quality, experts say. It is not accidental that international brands give their new products a decent test drive. Mercedes-Benz and Toyota, Apple and Samsung, Siemens and Bosch… this is not the full list of such brands.
In such cases, professionals with many years of expertise test the product and rate it while giving their suggestions to the manufacturer. Masterforex-V Academy is the only online resource doing the same thing with the products and services provided by contemporary Forex brokers. Some disreputable brokers do not want to give Masterforex-V Academy experts a try since they know for sure that such a test will fail. However, truly client-oriented companies backed by decent financing and a team of committed experts in every filed of the business are not afraid of such tests. On the contrary, they are looking forward to such tests in order to show the international trading community that they are transparent and honest when it comes to providing their services and products to retail clients worldwide.
PrivateFX is one of such companies. Not so long ago, Masterforex-V Academy experts finished testing the company and are ready to share their impressions with you within the scope of this article.
First off, the experts that have been testing PrivateFX’s products and services say that the in-depth test took almost 4 weeks and was a good start for the company in advance of introducing multiple innovative solutions in December 2015. Most of the testers were truly impressed by the quality of the company’s products and services. They expressed their delight, which is something you can rarely hear from cool-headed trading experts used to depressing their emotions.
Let’s find out what exactly impressed the traders…
1. First of all, it is registration. It is simple, easy, and fast. Becoming an PrivateFX trader is easier than buying some food in the local food store. PrivateFX is about to revolutionize the industry by allowing plain folks to capitalize on financial markets without being personally involved in the process. I.e. this is going to happen in the passive mode. Simply put, plain folks are going to have a decent alternative to low-income bank deposits as well as some risky investments in order to make sure their savings are safe and sound while professional investors are working to multiply them.
2. Super-tight spreads. As you probably know, the spread is one of the biggest headaches for any intensive trader. Intensive intraday traders make the majority of today’s trading community, which is why tight spreads are something like a dream coming true for anyone trading Forex.
With that being said, what can be more pleasant than a super-tight spread starting from 0.1 pips for EURUSD, for example. Even if this were the only competitive edge of PrivateFX, it would still be worth opening a trading account with.
3. No slippage. There has been no slippage seen even on such major news as Non-Farm Payrolls. For those of you who don’t know, slippage is something like hidden widening of the spread by the broker on major news and strong price moves also known as volatility spikes.
PrivateFX seems to avoid such tricks, which is another pleasant surprise for the trader as well as another major reason to become an PrivateFX client.
4. Decent swaps for mid-term and log-term traders. This is something most traders ignore since they belong to intraday traders and don’t leave their trades overnight. Still, this means that PrivateFX does care about all kinds of traders, including those who like leaving their trades open for days and even weeks and therefore have to pay swaps. Is there any trader who would say “no thanks” to $2 of swap per 1 trading lot for the BUY order on AUDJPY? For md-term and log-term traders, swaps are more important than spreads. With that being said, al kinds of traders can be rest assured that PrivateFX has got them covered.
5. Scalping opportunities for cross pairs. This is something you will hardly find with other FX brokers out there. This is a true gift to both rookies and advanced scalpers who are used to trading low-spread currency pairs. When it comes to trading AUD/CHF, AUD/JPY, NZD/JPY, CAD/JPY, PrivateFX charges just 1.5-2.5 points while the spread for those crosses is somewhere between 5 and 12 points with other Forex brokers.
Even when you compare their quotes with Thomson Reuters they perfectly match. The order execution is nearly perfect, if to ignore minor requires happening occasionally.
6. PrivateFX allows traders to trade exotic currencies like the Russian Ruble, for example. The spread is just 6.6 points.
7. Active Investor by PrivateFX is the best offer in the investing world and even more. This is the next level of investments for anyone, including plain folks. You can copy successful traders, make changes to any trades and do whatever you want to do to stay in control of the situation.
8. The level of technical support provided by PrivateFX is exceptional. This is another proof that PrivateFX is a serious broker backed by Concorde Capital, a major investment company with spotless reputation and many years of expertise.
However, Masterforex-V Academy experts still have some suggestions to improve the company’s service:
- expanding the list of assets at the expense of more of those exotic currencies
- preserving the initial quality of products and services while making sure it is going to improve
The bottom line is that PrivateFX is an excellent option for anyone seeking stability, transparency, comfort, flexibility and decent profits!
