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Old 01-21-2007, 08:12 AM
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topchess topchess is offline
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Join Date: Dec 2006
Location: Cairo, Egypt
Posts: 328
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Those are false claims from immature experiences. We can't call a broker "Scam" because of our inability to trade news with that broker.

We already know the fact that most brokers widen the spreads during major news announcements. So we have to accept it.

In fact if you are a swing trader, you won't have any trouble with any broker. But It really seems some brokers use stops against their clients to trigger stoploss falsely.

A scam in my definition would be a broker that runs away with my money. Oanda is so fine as long as I can trade, and I totally understand that I can't trade news (that does not make it a scam as falsely claimed by many traders).

My funds are safe with a broker like Oanda, I will deposit and withdraw when I want, I will be able to run positions (not aimed for scalping the market), no requoting, and I won't be able to trade news which is not a big issue to position traders (those traders never argue about brokers If you notice.)

Good luck and Good bye!
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