I was reading about many broker companies reviewed here at FPA and what I found is that traders share the same problems which discourages me to make a proper decisions because of these facts which are real problems for money making:
1. Bad connections or server fails (I guess purposely to slow your SL or TP decision)
2. Trading the news is unacceptable because of very high PIPs
3. Small profits are acceptable until you start making big.
4. Problems with withdrawals
5. Fraudulent or unethical broker behavior (profit cuts, closing accounts with no reasons, excuses about disallowed scalping methods, changing informations about PIPs by surprise in a benefit of the broker company etc.)
This makes me feel like every broker is a SCAM on some way, but those who are true ECNs and require initial investment of $100,000 (which are hard to earn money just to invest them in FOREX). Please, I am falling in a mental trap maybe and need help to get out of it. I think that the good reviews about the broker companies are given by some infiltrators who cooperate with them, and the valid ones are the bad reviews which are always problems of the nature mentioned above.
1. Bad connections or server fails (I guess purposely to slow your SL or TP decision)
2. Trading the news is unacceptable because of very high PIPs
3. Small profits are acceptable until you start making big.
4. Problems with withdrawals
5. Fraudulent or unethical broker behavior (profit cuts, closing accounts with no reasons, excuses about disallowed scalping methods, changing informations about PIPs by surprise in a benefit of the broker company etc.)
This makes me feel like every broker is a SCAM on some way, but those who are true ECNs and require initial investment of $100,000 (which are hard to earn money just to invest them in FOREX). Please, I am falling in a mental trap maybe and need help to get out of it. I think that the good reviews about the broker companies are given by some infiltrators who cooperate with them, and the valid ones are the bad reviews which are always problems of the nature mentioned above.