Tradealot
Tradealot™ is a trading name of AFX Markets Ltd. AFX Markets Ltd is authorised and regulated by the Financial Conduct Authority (FCA) FRN: 560872. The address of AFX Markets Ltd. is: 33 Sun Street, 2nd floor, London, UK, EC2M 2PY. Reg. no.: 07612002.
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Tradealot
Overall
Anybody know that their slippage during news releasing?
Overall
I didn't check slippage because it is of no use with a demo account .
Also, I found annoying that their instruments have a dot placed after the name of the currency pairs.
I don't know why they would do that, I'm suspecting that they want to stop some people from using EA's.
I'm always suspicious of brokers who do things like this.
Overall
I installed an MT4 account and tried them.
Trades have no commissions but the spread is higher than that of my main broker ICMarkets and the additional spread is at least as much as the commission I pay with ICM so for me there is no incentive to open an account with Tradealot.
In fact for pairs other than the EURUSD, AUDUSD and GBPUSD, the spread difference is considerably higher than the commision I pay with ICM and on top of that, plus they will charge an additional 25 EUROS per month.
In summary, this broker could be Kk for some people who already pay high spreads with UK brokers BUT not for me.
