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Author Topic: FXSalt.com  (Read 4357 times)

Offline alanhoo

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FXSalt.com
« on: January 14, 2013, 12:14:23 PM »
Have anyone heard or tried out this broker and care to share?

I personally haven't tried it and is baffled by how I missed this broker given it's "MARKET VOLUME CAPITALISATION".

Happened to chance upon this broker, due to myfxbook's new "MARKET VOLUME DEPTH" section.

This broker, beats all the major players like Alpari / FXCM / MBTrading / ICMarkets / ATC / Axitrader in terms of Market Volume across ALL CURRENCY PAIRS.



If they had such depth in the pool, it shouldn't be hard to miss, or I must have been blind, not to see it.

It however, also brought to my attention that this broker with such depth has.

1. NO regulations, NON EU / Oceania / US.

2. HAS NO WAY to be contacted via email, or about us page.

3. NO ADDRESS.

4. NO MARKETING.

5. Been around for more than 2 years I believe.

I've been trading ATC and Pepper for about 3 years, and started ICM 3 months ago, and couldn't believe I missed such deep pool broker.

I noticed there were no relevant or sustaining threads about it, so I decided to open one, and ask for opinions.

Anyone has any complaints or compliments? Fire Away!
« Last Edit: January 14, 2013, 12:17:18 PM by alanhoo »

Offline forexreward.org

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Re: FXSalt.com
« Reply #1 on: January 14, 2013, 12:28:36 PM »
There are lots of broker like this. May be based on BVI or cyprus where starting a forex broker very easy, no ragulatory body needed and no problem if they scam with cients. so that they offer very low spreads, attractive bonuses and many more.

Offline geektrader

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Re: FXSalt.com
« Reply #2 on: January 14, 2013, 04:15:31 PM »
I dont give to much about this new MyFxBook feature, its really misleading actually. All it does is to count the average amount of delivered ticks per minute and comparing this to other brokers. This still doesnt mean anything about the depth of liquidity available, just how many ticks the broker sends out on average during each minute - still the liquidity can be thin behind that tick volume as Ive seen it many times.

There is NO WAY for anyone of us, not even MyFxBook, to see the real order book for the broker. That can only be published by the broker itself and amount of ticks per minute doesnt really tell us anything about the real liquidity behind it.

Offline geektrader

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Re: FXSalt.com
« Reply #3 on: January 14, 2013, 04:20:42 PM »
Just seeing I am not the only one complaining about this misleading feature: http://blog.myfxbook.com/2013/01/14/forex-volume/comment-page-1/#comment-3469

Offline alanhoo

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Re: FXSalt.com
« Reply #4 on: January 14, 2013, 04:26:11 PM »
Alright, acceptable critic.

It definitely isn't a indication of market depth.

But if it's representation of ticks, they've obviously got a super fast price feed, or their liquidity pool's so thin that prices keep fluctuating up and down resulting in the ticks volume.

Still back to the question, any users who have tried it before care to comment their quality?

Offline geektrader

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Re: FXSalt.com
« Reply #5 on: January 14, 2013, 06:31:34 PM »
Alright, acceptable critic.

It definitely isn't a indication of market depth.

But if it's representation of ticks, they've obviously got a super fast price feed, or their liquidity pool's so thin that prices keep fluctuating up and down resulting in the ticks volume.

Still back to the question, any users who have tried it before care to comment their quality?

Exactly: many ticks dont mean much at all, can be bad liquidity, hence many price-changes, or good liquidity. Basically this measure is pretty useless in the end.

Online reinerh

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Re: FXSalt.com
« Reply #6 on: January 14, 2013, 06:48:24 PM »

scam broker beware,

you can read up on fpa.

Offline nostradam

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Re: FXSalt.com
« Reply #7 on: March 25, 2013, 08:50:04 AM »
Hi all,

I just accidentally stumbled upon this thread, and I will probably be the first one here to say that I am trading with fxsalt, and having a good trading experience. The volumes on myfxbook really look misleading, and they are probably wrong in what they are trying to show there, but regarding fxsalt as a broker, all I can say is good words. What I like most about them is that they care about their customers, maybe being a relatively small broker allows them to do that slightly better than the big brokers. Whatever problems I had with accounts or funds transfer, everything was always solved very quickly. They are not a bucket shop, they put all orders to the market through STP service, their execution time is fast and without requotes, and they do offer low spreads. I think in many ways they are similar to many STP brokers out there, they are completing their EU regulation process this year, and I am looking forward for the new features that this might bring into their service. Overall my opinion is positive about this broker and I am sure anybody who want to try them will not be disappointed.
Just my two cents...

Offline aheart

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Re: FXSalt.com
« Reply #8 on: February 02, 2015, 03:24:16 AM »
View this email in your browser
 
Dear FXSalt Client,
 
This morning, FXSalt Ltd, a BVI registered Company, has disabled all trading services as a result of the dramatic Swiss Franc movement on Thursday, 15 January 2015 followed by the notification that some of our partners have entered insolvency late last week.
 
More information will be provided as it becomes available.
 
 
Most Sincerely,
Your Team At FXSalt
 
www.fxsalt.com
 
FXSalt - Your Essential Trading Ingredient

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any

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Offline Kristofer

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Re: FXSalt.com
« Reply #9 on: August 11, 2015, 10:21:27 PM »
As I understand after the issues with the Swiss Franc this broker had collapsed?

 

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