|
10-20-2008, 08:01 PM
Yes, I totally agree with you. That extra pip mostly went into the pockets of the IB, I checked with the broker.
This double-dipping of trying to get both a percentage of profits AND increase the spread is not only extremely greedy, it also puts the account at risk. It was a grid system and compared to their demo account, the growth was much slower, presumably because of the increased spread.
This is like putting a lead belt on a swimmer that is already struggling to keep afloat. It shows they awere after commmissions while they last and not after increasing the account. Totally unethical and unacceptable.
No, as far as I know they are only registered as a company but not licensed.
|