Metatrader makes it easy for brokers to scam you

I thought I’d post this video that I found about the various plugins used by MT4 brokers to scam you out of your money:

The vast majority of metatrader brokers will scam you. They might not do it right away, months can go by with good service but then one day they get you. I’m sure you have heard about this in all types of online forums. ForexPeaceArmy does a nice job of reporting bad brokers and also filing complaints on behalf of users.

Personally I use Oanda for FX and am very satisfied with their service. I don’t utilize their charting, mainly I use NinjaTrader and for some purposes MT4. Another broker I use for trading indexes is Capital Spreads and I’m happy with them so far. Nice tight 1 pip spreads on the 5 markets that I trade: Euro, Aussie, Yen, FTSE, DAX.

PS. I’m not promoting the plugin that he’s offering, I haven’t checked it out as I don’t use MT4 for my trading. Those types can be useful if you do use MT4 but if you’re computer crashes or you lose internet connection you could be in the market without a stop…