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I don't have any experience with LatitudeFX.co.nz New Zeland forex broker. If you do, please kindly submit your review.
Thanks from forex trading community!
Gilles, New Zealand
Rating:
Date of Post:
2008-12-01
Review:
Been for few months now with latitudeFX and I have to say that the difference in service compared other brokers in USA is outstanding. You always have an answer in email or phone call in less than a day and when I mean an answer: a real one from someone willing to help instead of having the traditional useless answer that sometimes the kids in livehelps can give you. They also spend a lot of efforts in training and the platform is gorgeous. I love being able to disconnect part of the platform and keep on my charting software.
Well done Latitude FX and long life.
Any nonymous, New Zealand
Rating:
Date of Post:
2008-11-12
Review:
I have been with them a few months - they are a small operation.
They are NOT regulated - only a handful of NZ operations are (I believe CMC Markets is) as it is voluntary at present if I understand right.
Support is good so far. Platforms are fine, the Java based one just got an upgrade. MT4 is established and fine. I can't speak for reliabilty.
You do get requotes often.
Spreads are wide compared to CMC and others. Not a huge range of FX pairs though.
I went here as they were local to NZ - I have more trust than the off-shore places. Accounts are with ASBBank.
Jeff Kerwin, New Zealand
Rating:
Date of Post:
2008-10-31
Review:
I have been with Latitude for a couple of months now. Their old platform was very user unfriendly, and web based which I dont like. They have since launched MT4 which is fantastic, and a good sign they are an established company. I have been to their office in Auckland and met some of the team. They are almost all ex traders themselves and are full of advice and help. A big point they like to make is they dont open any positions themselves - so they dont open a trade against your trades like other brokers do. Therefore they do not hunt down your stop loss and stop you out all the time so that you lose and they win. I must admit since I have traded with them I have noticed the difference between their data and quite a few others I have used who hunt stop losses. Another good thing is they speak fluent english, so when phoning them up you know they will understand you and solve the problem. Being a NZ company I have no doubt they are heavily regulated, as regulations in NZ are to a crazy level. So I have confidence in their integrity. They only downside to Latitude is their spread is slightly more than the competition. However I can live with this. Overall, now they have MT4, I will never use anyone else.
paddy , Cape Town
Rating:
No Rating
Date of Post:
2008-06-25
Review:
At present they only appear to open trade with N.Z and Australian dealers,but with there STP and any lot size platform,will be a force when and if they should open to a world market.
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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 doubts.
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