Here is the question that I just got in my PM:
"Hi, Igrok!
Last year you posted the following message:
"Just avoid those, who have been in business for less than 5-7 years, those who would allow keeping opposite positions on the same pair open (definitely a scam!!!) and those who charge interest both ways for overnight position keeping (in case it's not based on LIBOR differentials)."
I was wondering if ALL brokers (http://www.forexfactory.com/brokers.php) that allow keeping opposite positions on the same pairs open are scams. Dukascopy, for example, is an broker that uses several ECNs (hotspot, currenex, citi, lava) and allows this. Does this mean they are a scam.
I am asking this since I am considering opening an account with them."
I'm quite sure that this question is no different than the question in this topic's header. Answer it for yourself and you will get the idea about how to chose a broker.
"Hi, Igrok!
Last year you posted the following message:
"Just avoid those, who have been in business for less than 5-7 years, those who would allow keeping opposite positions on the same pair open (definitely a scam!!!) and those who charge interest both ways for overnight position keeping (in case it's not based on LIBOR differentials)."
I was wondering if ALL brokers (http://www.forexfactory.com/brokers.php) that allow keeping opposite positions on the same pairs open are scams. Dukascopy, for example, is an broker that uses several ECNs (hotspot, currenex, citi, lava) and allows this. Does this mean they are a scam.
I am asking this since I am considering opening an account with them."
I'm quite sure that this question is no different than the question in this topic's header. Answer it for yourself and you will get the idea about how to chose a broker.