[Alex]

Why trade spot when you can trade futures? I can think of many advantages of trading in the futures market, but can think of none when trading spot. The only disadvantage is that the futures market is closed for one hour each day (the liquidity in the spot market is poor then anyway). Honest forex brokers are rarer than hen's teeth and with so many discount futures brokers to choose from these days, why put yourself through the pain. They're all bucket shops and anyone who says otherwise is just plain wrong! There is no obligation for them to carry out your trades and more likely than not, they'll just get tossed into the metaphorical bucket along with all the other mug punters' tickets.