I have spent an incredible amount of time trying to find the "perfect" Forex Broker for myself. I've signed up with live accounts with four, only to be disappointed once I was on and really able to see the distinction between live vs demo accounts. Now I'm ready to look some more. It's discourageing.
First I checked with the reviews found in GoForex.com -- which as far as they go are excellent, albeit always negative reviews. Then I look even more, such as BastardForex.com -- but these are the only two sites offering reviews I could find through Google, etc.
The problems were many. First I insist on using the MetaTrader 4 platform -- but many do offer this. Next, I discovered that what I really needed was fixed spreads -- discovered this when I ordered a pair only to have the filled price be up one pip, with the price going back immediately afterwards.
I wanted a US broker, since I worry about getting my money back without hassels -- but am not sure even that is true, since I'm trying without success to get my money back from two of my earlier live accounts all in the US.
Then there are other things promised on their websites that somehow are just not available "yet". Of course each broker has an excellent salesman representative who could convince anyone of anything. But when you do question them closely, you find they are not as experienced as you, when you expected someone who could really help you.
There are many more things. By far the main requirment I have is for a Broker who really practices business ethics -- and that seems far apart these days of corrupt executive options backdaters.
Anyone who can help please do so. I'm even considering going for a broker abroad if I have to, if I can find one without extreme bureaucracy requirements. I've very tired of that!
Charles Wilkes
San Jose, Calif.