Quote:
Originally Posted by PipCop  Interesting.
Personally, I think this is going to be a big issue in the very near future. Providing users with a demo account that serves up data that is significantly different than the live feed is deceptive. If customers are allowed and expected to be able to practice on a demo account, the data needs to be identical - or at least 99.9% accurate - to the live feed. If they can't provide the same data as their live feed, then they should not even offer demo accounts.
I for one think customers should hold companies accountable for this false accounting method they are providing. |
I completely agree.
How do we suggest that we hold the brokers accountable? I am doing so my taking my business elsewhere and by being as vocal as possible.
I suggest a sister site to pipcop, lets call it pipwarden, pipbrokertrustee, pipcopfink or brokerrat. It's job would be to:
1. verify the prices and spread between demo account and live are consistent
2. ascertain the best broker for a specific currency pair
Another issue I have is with Metatrader and the brokers where the spread is not available. Other than FAPT which shows you the current spread. The spread is nowhere to be found. I think it should be part of the statement.
Rick