Thought I'd try out a US broker this week, signed up for demo last weekend. Placed 2 trades, long, USDJPY & USDAUD-thinking medium-long term.
Opened up MT4 this morning, (wasn't impressed with their own platform), checked the trades-despite a 40-pip stop loss I was stopped out of USDAUD...BUT WAIT-there was 26 pips between my stop and the highest price in the past 4 days??!! I took snapshots, sent them to the persistent acct mgr (who sends me 2-3 emails/day & calls at least once trying to get me to go "live"). His response, "It's the spread. Because it's not one of the "popular" currencies and there was news last night out of Australia, we had a 30-pip spread this morning. Just widen your stop losses. Have you thought about funding your account next week? We can just take $50-$100 to start and you can start building it up.....ya da ya da ya da.." (Slightly paraphrased)
Guess who's not getting a penny of my money??!! NOT "popular"?? AUDUSD??
*30* PIPS??!! Over 12 hours AFTER news??!!
UGHH!!
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