Unfortunately, I have been reading disturbing reports on MBT of late from Forex Peace Army.
One of the major problems with ALL brokers is that is NOT in their best interest to provide us with A GOOD DEAL.
Why is that?
Because like all brokers in every profession the money ALWAYS must come from the customer whether from the front-end or the back-end through interest rate differentials.
THE BANKS NEVER - EVER LOSE MONEY!
(The only exception to that rule is in the case of risky package deals - such as the derivatives market blowouts recently, and etc.).
So since that is the case, where is the money going to come from?
From the brokers? Not a chance!
They are in business to make money just like you.
That's why the brokers like to provide you with their own version of software! This way the software can be manipulated - even MT4.
Slippage anyone? Servers down? Even margin calls that get too close to the mark, (a good way to slip in a few extra pips).
Find a true to their word broker?
Never, ever, and ever.
