| They would not let me demo (practice) their demo acct. When I went live I made a mistake and couldn't get out of the trade. When I called the trading desk they said I was too inexperienced to trade with them so they closed my account. These folks are just rude. Why would I want to do business with them |
Friday, June 13, 2008
TRADESTATION SCAM CASE
TRADESTATION SCAM CASE
I have used trade station for the last 8 months, and have been subjected to EVERY problem mentioned by others, and then some.
BAD data feed for forex. Gain runs a dealing desk against the clients, and trade station also likely partners with them against your trades. You will RARELY see green on your order bar. Check trade stations list of brokers to choose from. Looks like a small telephone book.
They will trade against you, and they have the money, and obviously the right contacts,to guarantee that you will loose money. I have 14 years experience trading the stock market, and about 4 years experience trading the futures markets. I know how to build trading systems that work, (at least reasonably well), but have had every system that I tried fail. You can put together the best system in the world using their software, and their broker teams will just annihilate your trades.
The only way to come out ahead using trade station is to buy and hold like a rock for the long haul, (ya better be on the right side tho), but then you will pay the monthly platform fee.
I would not recommend them to anyone for forex trading!!! And very questionable for trading stocks also!!!!1
I have used trade station for the last 8 months, and have been subjected to EVERY problem mentioned by others, and then some.
BAD data feed for forex. Gain runs a dealing desk against the clients, and trade station also likely partners with them against your trades. You will RARELY see green on your order bar. Check trade stations list of brokers to choose from. Looks like a small telephone book.
They will trade against you, and they have the money, and obviously the right contacts,to guarantee that you will loose money. I have 14 years experience trading the stock market, and about 4 years experience trading the futures markets. I know how to build trading systems that work, (at least reasonably well), but have had every system that I tried fail. You can put together the best system in the world using their software, and their broker teams will just annihilate your trades.
The only way to come out ahead using trade station is to buy and hold like a rock for the long haul, (ya better be on the right side tho), but then you will pay the monthly platform fee.
I would not recommend them to anyone for forex trading!!! And very questionable for trading stocks also!!!!1
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