I recently opened a demo account with OANDA and noticed that they were not following their own rules when it came to the leverage on the gbp/aud pair(20:1) but was instead giving me 50:1 leverage. When I brought this up to them through chat, of course they acted like I didn't know what I was...
I have not yet started a live account with any broker because I've been researching first. From my research for the past two weeks, there is only one broker that seems transparent and upstanding and it does not serve U.S. clients. I wont name it here because I dont want to be called a 'spammer'...
Thanks for that. Trust me, I've been scouring the reviews for a while and every broker seems to have people complaining about being scammed and a lot of the complaints seem legitimate. Literally, the only broker that I could ascertain as being upstanding is global prime and they don't serve U.S...
I hear they are very upstanding and they even make videos on Youtube EXPOSING the unscrupulous dealings of many brokers who use the market maker and dealing desk models. TOO BAD they don't accept U.S clients and therefore my search for an upstanding broker continues.
Sorry if this is a little off topic, but I cannot find a broker who accepts US residents who does not use a market maker/dealing desk model. In other words, THEY ALL SEEM TO BE THE SAME. If Im wrong can someone give me a suggestion?
FPA Forums Team Note: Do NOT ask for company recommendations...
U.S. residents are pretty much screwed. All of the best brokers don't deal with US residents. We are stuck with dealing desks whose best interests is in us losing.
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