Thursday, June 12, 2008

FX Open Scam Alert

At FPA brokers' reviews, FiboLoki from Kentucky writes:

"Just a word to the wise. I opened a live account to try these guys out. Well, long story short - They have dropped my connection in the middle of a profitable close on a trade - making me miss it. They requoted me 4 times in a row in the middle of the morning (no news) so that exiting a profitable trade the only order I got through was a $0.00 profit one.However, every single loosing trade when off without a hitch. Never a re-quote, online for days. I smell a rat, so I pulled my account. Oh, and noticed running ACM side by side that they're prices were off by about a pip or so in both directions, so besides 10 pip slippage and bullshit 'tight' spreads they are grafting a pip or two as well. Not a company I'll be doing business with, enter at your own risk. You've been warned."

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