FAPTurbo announced today that they’ve negotiated a deal with a new ECN broker FXCBS to provide liquidity for FAP Turbo traders. This could prove to be a very significant and profitable if this brokers lives up to it’s claims.

FXCBS is a ECN broker meaning your trades are NOT handled through an order desk and consequently you are far less likely to get trapped in the typical broker BS that can occur with dealer desk type brokers.

In addition to the Meta Trader 4 ECN broker the other major pluses being touted by the FXCBS broker are very small spreads (currently EURGBP is only 3.3 pips!) as well as a promise of NO requotes!

Here’s a little of what they are promising

1. Anonymous ECN trading via MT4 (means awesome conditions for fapturbo users)
2. No Dealing Desk (they do not profit when you loose)
3. inter-bank prices & liquidity
4. Spreads as low as 0.1 pips
5. Competitive spreads on FapTurbo’s trading pairs (EURGBP & EURCHF)
6. Mini lots trading (10,000 of Base Currency)
7. Scalping is welcome (hallelujah)
8. No Re-quotes (orders WILL be executed)
9. 24/5 Customer support

These features are a potential game changer for the already incredibly profitable FAP Turbo. The low spreads and the liquidity provided by the anonymous ECN access should increase the number of trades taken as well as increase the profitability of each trade.

At first glance it looks like the perfect broker for scalping with FAPTurbo. Of course only time will tell which is why I’m opening an account and will begin testing FAP Turbo with this new broker. I’ll be posting results for the new broker weekly right here on this site.

My only initial concern is the that they haven’t been around for long ans I’m not sure who they’re associated with …  NFA? I’ll investigate and report

You can read more about it here

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P.S. Please see new blog post regarding this broker. FXCBS Broker - Is this a Joke?