Originally Posted by
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Vdeluca:
Great find.
Rather Interesting. I just called them and talked to the rep. They have been open to people for about 1 year. Quotes are straight from the banks. Spreads are 1-2 pips (and according to the rep, occasionally there is no spread - bid and ask prices are the same). They make their money by charging a round turn commission of $20 per lot (equal to 2 pips).
According to the rep, brokers absolutely do manipulate their prices. I am not saying any particular broker does so, but in line with the COEfx rep, there is no doubt that this happens. Since COESfx is not a market maker and does not have a trading desk, there's not any manipulation or fitting. The price you purchase is that the price quoted by the banks. Conventional accounts take a minimum of $10,000 to start (no more minis). They've no issue whatsoever with entrance orders (straddles) around data launch occasions. I intend on trying one of their demos.
If anyone has had any direct dealings with the company, please let us know.
CA1962