Share your bad experiences at a broker

i have been using demo account with fxopen of St kitts for nearly a year and all seemed ok. After feeling comfortable i decided to open a live account....and yes its an error on my part not to have read the deposit/withdrawal policy.

What was disturbing was they charged me a fee to fund my own account and they again charged me a fee to withdraw my own money. i was livid.

Then after about 20 days of trading live, i decided to make a withdrawal. Only to be told i cant make a withdrawal until 30 days have passed since the date i first funded my account. This news is now sending jets of flame through my ears, mouth, nose and ass.

so i blamed myself for not carrying out my due diligence and just waited for the 30 days to arrive and withdraw every single cent from my account.


Please share your bad experience so the rest of us can avoid them.

Well I have almost fell for many traps by brokers . For example one of them offered 0.2 Spread & $0.4 commission per 10K volume , but when I contacted them it turned out I must deposit at least $5000 to get this deal or otherwise I'll have 2.4 spread ! (They didn't mention that in their website) . One of them was non-regulated broker . I thought they were UK based due to their phone number +44 but it turned to be in Belize ( a small country somewhere in south America I guess) and I was very close to make a deposit in this "suspicious" broker .

How is it a bad experience? It is an AMAZING experience!

This Broker MT4 platform also freezes, the same as another one i was using, during news releases. So i am wondering if there is any broker out there whose MT4 platform does not become unresponsive at this critical moment.