Has anybody heard about Mercaforex trading company?

[mercaforex]

Hi my name is Leandro and I've been advised Mercaforex as a trading company.

Has anybody heard about Mercaforex?

There site is www.mercaforex.com

I would be happy if someone who knows can replay.

Thanks

[bredin]

Hmmm username = sitename....

lets start:
* Leading Web-Based Platform, Trade From Anywhere!

Do serious traders use something like this?

* Receive up to 1:400 Leverage and No Re-Quotes!

Ok, so the broker takes the opposite side of the trade- thats the only way to avoid reqoutes, and 400:1 leverage is just to capture stupid people who have been taught that bigger numbers are better....

* Competitive Fixed Spreads

Theyre not fixed, EU bounces between 0 and 2 pips, according to the quote app on the main page.

* Trade Commodities such as Gold, Silver and even Crude Oil

meaningless plastering of more options- more is better, see above...

* 0% Commission and No Hidden Fees

Theres commission its just built into the spread so you cant see it...

and for the finale: from the software guide:
Deposit: This button is contained in the bottom section of the Trade window and it provides the user with an option of making a deposit into his live account directly through his trading platform.

WTF, the platform handles deposits? theres no corresponding Withdraw function from the platform.... This alone makes me very wary....

did I say finale.... but wait, theres more! theres no review at Forex Peace Army

G.

[newschool]

The best part is actually the first phrase : "As a world leader in the foreign exchange market, Mercaforex".

Deutschebank, UBS, Mercaforex.

[bredin]

Yeah, I thought "World leader?. Then why no reviews?"

Proceed with caution.....

G.