What is the best way for the broker to succeed? Through making the client successful first. How to make it possible for the trader to make consistent profits over time, with moderate risk and on excellent conditions? The only way is to keep on improving the existing products and services while coming up with new ones.
Before making it available to the public, a new product or service needstesting. When it comes to Forex brokers specifically, most of us out there wish we had reliable feedback on certain brokers we want to go with. However, testing those brokers on your own can be time-consuming and costly. Luckily for all of us, Masterforex-V Academy once decided to launch a series of test drives to find out whether FX brokers are really what the claim to be.
Test Drives as Indicators of Brokers’ Strengths and Weaknesses
This time, the experts decided to take a closer look at NAS Broker. This broker is all about innovation. The broker has recently launched a whole new type of trading accounts – Tornado STP-DMA.
Previously, Market Leader already wrote about this innovative type of trading accounts in detail so to speak. We must confess that the actual popularity enjoyed by Tornado STP-DMA exceeded even the bravest expectations.
However, as we previously reiterated a number of times, any innovation goes public only when tested. In this case, it’s comprehensive testing by Masterforex-V Academy that precedes wider popularity of Tornado STP-DMA if it turns out to be as efficient as the broker claims.
According to Eugene Olkhovsky, CEO of EUTA Capital (Canada), which is a major investment company, and Pro-rebate.com, which is a popular online rebate service, all those test drives arranged by Masterforex-V Academy has been getting more and more popular with the international trading community since day one. The Academy has been really good at helping international traders and investors make well-thought-out decisions.
Not so long ago, Masterforex-V Academy got tons of e-mails asking the local experts to give Tornado STP-DMA and NAS Broker a decent test drive. This is exactly what they did.
They say, “Trust, but check you must”. This is the correct strategy when it comes to today’s financial market and everything related to them, including the broker you are about to go with.
To tell you the truth, Masterforex-V Academy experts were glad to give Tornado STP-DMA and NAS Broker a decent test drive since they had been planning to test the broker for a long time. Also, you should know that the test was performed in the real environment to be as unbiased as possible.
Now, you can learn about the strengths and weaknesses of NAS Broker in general and Tornado STP-DMA in particular.
NAS Broker: Test Drive Results
According to one of the traders (named Mester) who tested the broker, the overall impression is positive.
NAS Broker is a broker with excellent quality of services, including the 24/7 support helping clients solve their problems. The trader contacted the support team at 1 a.m. and was surprised to get an instance response.
On top of that, most of those pro traders who tested the broker managed to generate stunning profits in various markets (trends and flat markets, news trading). For example, these are the trading results made by a trader named PetrDavy over the testing period:
Execution of Orders.
If you’ve been trading Forex for a while, you probably know that the speed at which your orders are executed by the broker is one of the key factors to consider since they directly influence your trading results. As for NAS Broker, the speed is pretty fast, without re-quotes and slippage as well as without breakdowns overnight and on major news. Another nice thing is that you are not limited in trading styles, strategies and approaches.
The guys performing the test underlined the fact that all orders are executed fast and directly with the world’s major liquidity providers such as Swissquote Bank, LMAX, TopFX etc. regardless of the trading lot of the order. This nice little feature boosts your trading performance considerably. It’s called Tornado Bridge (the Tornado STP-DMA type of trading accounts). This is an exclusive technology developed by NAS Broker. This is claimed to be the only technology making it possible to get client orders executed directly with liquidity providers. The test shows that 95% of the time, the traders get their orders executed at better prices.
All the processes are automated and run smoothly, making it possible to be fast in everything you do in your trading terminal.
Spreads and Commissions.
As for the mentioned factors, the spreads are modest. Even during major news releases, there is no considerable spread widening. As for overnight trades, the spread grows since this is beyond the broker’s control.
Standard STP has no commissions.
With Tornado STP-DMA, the broker made a 50% commission refund within the first month.
Withdrawal of Funds.
This feature is flexible. You can choose between multiple options including online payment methods. The withdrawal procedure is fast. With some methods, it’s instantaneous.
Other Features.
Most of the testers also paid attention to the universal nature of Standard STP accounts. They can be used to trade almost any financial market out there. There are no commissions and the spread starts from as low as 0.7 pips for over 1200 assets available, including, currencies, stocks, indexes, and commodities (metals, energies etc.) You can access NYSE, Euronext, LSE, Tokyo exchange etc.
Tornado Bridge is an excellent liquidity aggregator, which makes it possible to reach some of the major liquidity providers in the world directly.
You can trade from anywhere, whether there is internet access. You can use laptops, desktop PC, and mobile devices when trading on the go. There is an all-in-one trading software solution.
You can use any strategies, from manual one to trading robots (expert advisors), from long-term trading to intraday scalping.
The geed news for beginners is that at NAS Broker, you can start really small – just $1 is enough to start learning by doing. You can even start trading without actually depositing funds through a feature named “Delayed Payment”.
Even if you are not an expert yet, you can make use of the trading signals delivered by the local experts. One of the testers decided to test the “Personal Analyst” type of accounts, where he acted as an investor. One of the local experts helped him to choose a decent investment option, which later paid off. That said, he is now thinking about investing more money.
Some other testers highlighted the exceptional quality of the local analytics, educational and affiliate programs.
Criticism:
When it comes to criticizing the broker, it’s mostly about the design and some of the content. For example, some of the folks say that the design looks unfinished, and the About the Company section lacks valuable information like the geography, awards and so much more. Still, these are minor things, which do not prevent the trader from being efficient in making money trading financial markets. Those drawbacks can be eliminated in no time.
The Bottom Line
The test drive shows that everything claimed on the website is really the case. The company’s products and services are efficient in doing everything they are required to do. Indeed, nothing is perfect in this world and there are some drawbacks with each and every broker out there. The good news is that NAS Brokers is really good at delivering the ultimate trading experience leading to increased performance and consistent profits.
