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That's a pretty (general) sweeping statement you make there buddy. Stick RETAIL in front of the above highlighted text & your comment maybe holds water.
I can assure you there are very distinctive levels of quality between the institutional & retail engines within the spot market. Pricing, delivery, execution & working practices are worlds apart. |
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Millard-
Fair enough, I am VERY interested in learning more about an honest and reliable broker, as would thousands of other people if they were to see this thread. You are talking to Joe Average here though- I don't have a $500,000 account.
If you would point me to a spot broker who:
1. Doesn't claim a NDD and is not lying
2. Won't ban you, like Livermore, if you end up actually succeeding
3. Have the platform "fail" when their is high volitility and not give you a B.S. answer that it is "slippage" (in reality they probably didn't have the liquidity to actually cover so they time the trade out or offer it too you 10 or 20 pips away at a loss)
I would Honestly be very happy to demo their platform to give them a test-run to see! I was banned from one broker twice! After the third run at it they changed their currency out to 1.XXXX decimal places and were STILL stealing my swap $ (i.e. on a GBP long I should be getting PAID at EOD if I hold my position not have that amount taken from my account) - I bailed on their program days later!
Right now the best answer I could provide Brownsfan is what I have lived and what I know. If you have a third option. I personally would like to know more about it and as said, I'm SURE others would too!
Sledge