Wednesday

COESfx Review

There are many fake reviews in FPA concerning many brokers like COESfx, which is well recommended by traders.
A bad review has been submitted by anonymous from USA:

"COESfx is blowing smoke op everyone’s “donkey”. With The MT4 they are trying to promote MT4 isn’t even theirs or dose it executes into their ECN!! Not though Mini’s nor normal accounts. I know this because we were asked to evaluate MT4/Coesfx API a couple months back. In fact it’s imposable to get MT4 API to execute properly into any ECN API; the infrastructures just do not work together. So Knowing to Promote MT4 into ECN especially to IB would be a home run so they came up with another scheme to offer it anyway. What they do is pretty simple yet very convincing. Thay use a cfgtrader white labeled MT4 (thay admit this with mini’s to throw users off) they run their ECN feeds into the MT4 server (that’s why when comparing COESfx MT4 to CoesFX ECN demo’s they are the same prices) but the execution side ( your trade) is not routed into CoesFX ECN, instead it’s routed to a retail dealing desk cfgtrader who owns the MT4 server. Now this is not a crime but it’s defiantly misleading, thought we should let all know what you’re getting into, I hate when firms try misleading us. It’s rather simple to verify this; just ask the COESfx rep for a MT4 demo and a corresponding CoesFX in-house platform demo, if MT4 is truly placing orders into CoesFX ECN you will see trades corresponding into their in-house platform, if not the trades are not executing into the ECN their going somewhere else

2006-09-13 update As predicted the guys (COESfx reps) over at Forexfactory.com are attempting to discredit all clams that COESfx-MT4 is nothing but a sham. All they needed to do to prove roomers wrong are producing a COESfx in house platform that mirrors MT4 but because they can’t, thay try dismissing roomers as planted by compactors. Come on guys put-up or shot up. Another way to verify their MT4’s going to a bucket-shop, get your hands on a COESfx demo (I’m sure you can find one from a trading buddy, COESfx reps where giving them out like candy la couple week ago, I’m sure thay will stop hading out when thay read this) I got one from one of the reps who was more then happy to email me and confirm over the phone that in fact it was a demo of their real COESfx feeds The server’s ( 209.61.206.23:443 ) and download and compeer IP’s with the demo of their bucket-shop buddies http://www.cfgtrader.com/ MT4 demo who also has an IP server’s ( 209.61.206.23:443 ) wow what a coincidence they share a server and even a bigger coincidence is they also share a principal http://www.cfgtrading.com/management.html Janjic who use to be head of sales and marketing at no other then COESfx, what a small world.. Another hint that these guys are crocked they will never talk to much vie email and prefer to spill their bullshit over the phone or undercover under made-up usernames on forums right stockwet? This way theirs no recourse if the lies they spit out are called on afterwards… You may ask yourself why would some go to this much trouble gathering all this avoidance, well I have my reasons and you will be right in back of me if you listen to them To COESfx NY office not a smart move guys, now who’s laughing Side note: Forexfactory.com trying to discredit forexbastards.com, they should start looking in the mirror sine they seem to be allowing this misleading promoting of COESfx and many other firms to go on!!! anyway im done , don't blame anyone but yourself."

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