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Well, the spreads are still elevated from the original Velocity4x, where we had a pretty consistent 3-pip spread (GBP/USD). Now that's usually over 4.
Also, when you specify slippage...is it interpreted in pips (4th decimal place) or in 1/10th of a pip (5th decimal place). I'm guessing it's still in pips, as are TP and SL values.
__________________ Success is more perspiration than inspiration . . .
Gentlemen,
I have been trading futures for a long time and decided to try Forex. I am appalled at what goes on in the industry for the sheer purpose of stealing money from clients! I never had similar problems in the futures arena, thank goodness. I am trying ten different brokers just to find one that is NOT dishonest. For instance, I tried Forex.com. I made $3800 the first week and $700 this past week, even though it was a holiday week. When the market closed at 5 P.M. Friday night, I stepped away to take out the trash. When I got back I was shocked to find out that I was filled on my stop-loss and stop loss plus reversal orders over 80 pips below the closing bid-ask spread on two currencies. This put me at a loss of $1400 from were I was four minutes ago! I contacted three different departments via e-mail about this, and they did not respond. I then tried the chat option. I asked what hours may I trade forex. I was told 24/7, Sunday evening through Friday evening. I then asked what time does the market close on Friday night. I was told 5 P.M. I asked, then why was I filled on multiple orders at 5:03 and 5:04 P.M., after the MARKET CLOSED to stop me out of my positions and reverse me some 80 pips below the ending spread? I was then told to wait for Jonathan. Ten minutes later another operator entered the chat session and 'Session ended by operator' appeared, and I was not allowed further communications!
If some nice person could recommend an honest Forex broker, perhaps via a personnel message if you like, I would be indebted to you!
I agree about forex.com stay away from them , although they are owned by one of the biggest brokers Gain Capital but I have seen spikes while trading with them like no where else in my life , each time I had to call them and reverse some trades .
To be very honest, I love ODL and Alpari UK! why? because I have personal experience with Alpari UK without any problem. And one of my very close friend having forex account with ODLs and he is also happy. And good this is that both are MT4 supported. Hope it helps!
Best Regards,
Kashif.
Last edited by arsenic786; 12-28-2008 at 02:03 PM.