AskOBid
If you are looking for a quality European forex dealer, you may be delighted by what AskOBid has to offer. The variety of tradable instruments is substantial, and includes several rare exotics as well as XAU and XAG (Gold and Silver). You can see the full list of tradable instruments below. With account sizes starting at $100, fixed spreads, and decent order execution even at times of low market liquidity and strong (but not stifling) regulation, it's easy to see why AskOBid is becoming the dealer of choice for many smaller investors.
AskObid also offers above average payment processing, with a staggering number of convenient withdrawal and deposit methods that (unfortunately) do not include PayPal or Moneybookers. Customer support is helpful with technical issues (which do arise with the Tradorz platform), and order execution is very good considering the fact that AskOBid presents clients with fixed spreads. The fixed spread does cause some execution problems during illiquid market conditions, but this is to be expected, and the problems are quite minor compared to most other fixed spread dealers who more or less lock you out completely during news/volatility/illiquidity.
The AskOBid browser platform is developed by Tradorz, and is a decent (though not impressive) offering. This is the platform to use if you happen to be on a PC without MT4 installed, or on a Mac. Otherwise, we would highly recommend the MT4 platform, as it is significantly more endowed with features and stability, including the ability to program your own auto-trading systems. Scalping policy is also much more lenient on MT4, where all trading styles are encouraged, while the Tradorz platform locks you out from closing trades within 2 minutes of opening.
AskOBid also offers a very generous bonus on new account deposits. Some terms and conditions apply in order to ensure the bonuses are not abused. Here are the details:
- Silver Accounts (up to $1,000): Bonus is equal to 10% of your deposit. Volume equal to 1000 times the deposit amount must be traded before bonus can be cashed out.
- Gold Accounts (up to $10,000): Bonus is equal to 15% of your deposit. Volume equal to 1500 times the deposit amount must be traded before bonus can be cashed out.
- Platinum Accounts ($10,000+): Bonus is equal to 30% of your deposit. Volume equal to 3000 times the deposit amount must be traded before bonus can be cashed out.
Please note that AskOBid no longer accepts American traders.
* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.
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