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Old 03-09-2008, 07:14 AM
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Pipperoni Pipperoni is offline
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Join Date: Jul 2006
Location: BELGIUM
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brokers

I think that a lot of traders hide their inabilities behind the "bad broker" excuse.
I have accounts with Money Garden, GFT , MB, Oanda, FXDD, Tradency, Ameritrade. I put and withdraw money from these accounts and never had any troubles. Sure they hesitate and want to convince you when you want to close an account, but thats only human.
Concerning the "bad MT4" phantom: I use for the moment FXDD. They execute my orders correct. When the price moves when I send an order they send me a requote. I find that only normal. For me that's not a problem. I am not a scalper. If you have traded stocks before than you better understand that Forex is not a video game and that your broker is responsible for the counterpart of your trade. I have charts open from Oanda, WHC, Alpari UK and FXDD at the same time, on 3 wide screens. Prices are very similar. If your trading success depends on 1 pip difference, YOU have a problem. I am in contact with traders in other parts of the world and we compare prices. I can only tell you that thinking that a broker will change his price to hunt your stop (unless you are his only client trading with 100 lots ) is such a bull shit. And yes it can go wrong. Than you have to discuss with the broker. The auto trading introducing broker Tradency had a technical problem at a certain time. They accepted responsibility and paied me back. It was only 110 USD but they showed that they are a correct company.
Brokers are sure not all angels. Like we are not . But it is definitively not in their interest to fxxx the clients. If a broker has a bad reputation like FXCM for me has. We can always ignore them.
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