I wish to get recommendation of good broker that allows demo accounts. I will be going "live" after testing.... Any recommendations?

I use Metatader 4 software, of course.

Thanks.

Of the three brokers I've used, I like Oanda the best, but since they don't use MT4 the next best in my opinion is MIG. I was with InterbankFX for a little wihle, but they're spreads are higher and I've heard some pretty fishy stuff about them. There office is close to where I live and I stopped by there and asked a few questions and found the man I talked to to be contradicting himself. As for MIG, they have good spreads, but what I didn't like about them was way too many requotes and the occassional limit order not being filled when the Market Watch hit my price, and they simply would tell me it was a wrong quote. Oanda on the other hand never gives me requotes or falls to fill a limit order when they hit and their spreads a good. I just wish I could use MT4 with them.

Look up WHC Traders.

Wow, I just looked at the demo on WHCforex.com and saw that they advertise that several of their spreads are 1 pip, including the GBP/CHF, which I sometimes like to trade, but then on the platform they are all a lot higher, higher than what I am getting at my current two brokers (Oanda and MIG). But then I saw their stocks had a bid and ask price that were the same and thought that would be great! Only to find out that in reality they have a minimum of 30 pip spreads! Outrageous! I would never want to trade with such rip off conditions!

Is there anyone here that is trading with them? If so, why???

I don't know whether brokers deliberately mislead on spread advertising or not. But here's what I do know...

I was using Velocity4x for demo trading and the demo has the same spreads as advertised (2 pips on EUR/USD, 3 pips on GBP/USD, etc.).

Then I opened a real account and the GBP/USD spreads varied frequently from 3 to 5 pips, but mostly were 4 pips.

So I contacted them and they switched me to another server. Now all the charts (currency pairs) have a stable spread that agrees with the advertised spreads.

I don't know what this means, so I think I'm happy, but don't know whether I should be!

Regardless, if you have a concern, you should discuss it with your broker.

__________________
Success is more perspiration than inspiration . . .

try interbankfx demo, just click on my signature

Interbankfx's spreads are 1 pip higher than Velocity4x's. This is based on my experience demo trading with them recently over a couple of months.

__________________
Success is more perspiration than inspiration . . .