Forex Broker

Updated: March 2010

Min. Deposit: $500

Founded: 2009

Platforms: MT4

Regulation: SEC, US based. non-NFA member

Customer Support: good support (tickets, live support)

The Good: First innovative broker with raw spread STP environment

The Bad: Nothing bad so far. My broker of choice


I really like this one. Iamfx.com is very new however just in a few months it became a headline of the first innovative broker that "works for you", not against you like the majority of dealing desk market makers. Iamfx.com does not try to cheat you by skyrocket spreads during the asian session, sending spikes and offquotes when you try to exit the trade in profit (common broker trick).

Iamfx business model is comprehensive and fair - they give your raw (means real low interbank spread without adding additional 2-3 pips to the spread like other brokers) and charge you 1 pip commission (which used to be 2.4 pips in the past but they made right decision to lower it). This means that your scalping EAs will have a greater chance of covering the spread and reaching the TP target faster.

Iamfx does not make huge promotional campaigns spamming all the forums and blogs, they are growing by providing good service and I believe that "word of a mouth" is the best way for promotion for the "right company".