FAP Turbo Broker - FXCBS or GallantFX?

Choosing a decent broker for FAP Turbo isn't an easy task I've discovered. While the FAP Turbo guys have endorsed the broker FXCBS I'm not too sure I'm ready to jump on board after reading the following post from the FAP Turbo Expert Guide titled 'FXCBS Broker - Is This a Joke?'.

Rob's warning for FXCBS seems fair to me and points out two reasons to be cautious;

First is that FXCBS is not NFA regulated. Normally I would agree with this being a bit of a red light but I have to say I'm not too keen on the NFA's recent announcement that they will be dissallowing hedging in a starting in a couple weeks. I'm really starting to question the purpose of the NFA as to whether they're real intention is to watchout for the little guy or to watch out for the large FOREX liquidity providers who lobby the NFA and try to keep the smaller brokers from entering their space.

I realize there are pros and cons to the NFA but I think that the requirement for my broker to be NFA is becomming less provided the broker I choose is reputable and in a juristiction I understand.

Which brings me to GallantFX. This broker is the broker recently endorsed by Charles from FAP Winner. GallantFX is also not an NFA member. Interestingly, Charles from FAP Winner made similar remarks about the B.S. with the nwe NFA hedging rules and is one of the reasons he's also not stuck on his broker being NFA.

You can read Rob Casey's perspective on GallantFX in his FAP Turbo Expert Guide post titled 'FAP Turbo GallantFX and the NFA'.

So both FXCBS and GallantFX are not NFA regulated, but at least GallantFX the introducing broker for a parent company who is an SEC member. Not sure how much that helps these days ;)

Anway, this brings us to the second reason Rob seems to be hesitant on the FXCBS broker and that is that you can't seem to get a hold of them when you need to. I think this is one of the  fundamental differences between the FXCBS broker and the Gallant FX broker. NFA issues aside, if you can't get in touch with the people who have your money is it still your money?

Maybe that's a bit harsh but seriously, if you can't get anyone on the phone and their website doesn't give you any real background on the people behind the operation then you have to wonder what kind of an operation it really is?

Maybe FXCBS will turn out to suprise a lot of us and become the FAP Tuirbo broker of choice but in my mind I think I'm going to give GallantFX a try instead. When I called GallantFX in the phone I got through to them right away and they were hugely helpful.

And of course they offer Straight Through Processing which is always a bonus not to mention their  FREE expert advisor hosting.

I'm going to start with a demo account at GallantFX and see where that takes me and my fancy new FAP Turbo robot.