Why local US newspapers are sounding the alarm
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For those who have not yet decided on the choice of a broker, I recommend No explicit or hidden commissions, only a fixed spread and swaps. Deposit/withdrawal of funds is free, there is no need to pay for opening and maintaining an account, and depending on the amount of funds on deposit, the spread is significantly narrowed. Nevertheless, I found a small minus: once on Friday evening, the terminal hung up, and support does not work on weekends, and therefore help came only on Monday. As a result, I did not have time for the beginning of the European session.
The advantage of cooperation is that the broker is managed by a company that provides data for the so-called “crowd trading”. The information window of the trading terminal receives information about the volumes of longs and shorts for all available pairs online, which allows you not to stupidly follow the crowd and with a high probability to see a trend reversal at its very beginning. Another plus is the round-the-clock availability of the support service. Beginners will have to study elsewhere as no training or advice is provided, but people with experience will feel comfortable with this broker.