Like has been already said, many brokers have this line in their contracts.
I signed up with fxclub for the free 100 dollars last month. It's real, and it was truly free, it didn't cost me anything but time.
However, I had a major problem with their platform and their stream.
The platform is very slow, and constantly requotes. It's sometimes difficult to gut a trade through because it requotes you so many times. (Forget trading the news here...)
As far as their stream goes, I compare streams from more than one company at a time on demos. At the time I was running fxclub against fxcm and ACM. While fxcm and ACM had virtually the same pip movement, fxclub was much less pronounced. During news times, a 60-70 pip movement on fxcm and ACM would be reflected by only a 40-50 pip move on fxclub.
This really bothered me, as it 'appeared' that they were manipulating the prices. I say 'appeared' because I am new to this, only been running demos for about 3 months, and just opened my first personally funded 'real' account with North Finance last week.
If someone has a legitimate explanation for how this could happen I would like to hear it. I didn't complain though, as I didn't lose any of my own money. The hundred dollars that I opened the account at fxclub with, was the hundred dollars that they gave me. Hard to beat that, although it did end up beign a waste of my time, which has some value I guess.
Hope this helps...
Last edited by dkbwarrior; 04-23-2007 at 10:22 AM.
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