Windsor Brokers have been around since 1988 and in my opinion I understand why they have lasted this long they are a market maker which means that if you Win they pay out if you loose they gain, I traded with them for only a week and I could not take it anymore, I could not believe how many "requotes" and "are you sure you want to buy this trade" I recieved and how long it took to execute the trades they even have requotes that come up on their demo accounts I did not get any myself but
I only used the demo for a couple of trades because I didn\'t need the practice I have been live trading for 3 years, however 2 of my friends have had requotes on the demo accounts if you try them on a demo for a week or two
I am sure you will get them too, when you are in profit on a trade and you try
to close the trade you get the same thing happen again dealer is reviewing your request, I usually make around $500 a day by selecting a couple of good entry points however I had several trades that I was in profit and tried to close the trade and lock in my profit and by the time I finally closed it my profit had dropped from $200 to $300 down to $85 or $65 on each occasion it makes you feel like they
are just bending you over and shafting you, making money trading forex is challenging in itself but when you get a dealer that is using tactics like this to openly "Steal" money from their clients I just had to write about my experiance with them so hopefully others will save themself from the frustration and dissapointment of a shady dealer, after I took out my funds I received a call from the account manager who asked why I was not trading anymore I told him was he joking about the call but he was
serious I explained what I had experienced and I could not believe his answer he said and I quote :
"WHEN YOU HAVE BEEN TRADING WITH US FOR SOME TIME WE WILL REDUCE THE AMOUNT OF RE-QUOTES THAT YOU RECIEVE"
I asked him do you think I would continue with a cheating company who does this type of tactics ? no doubt one of their managers will come on here and try to justify and defend their actions or try to say that I am a competitor or I am just a sore looser but let me reassure you that I was fortunate enough to find another dealer that is a STP which means that they don\'t manipulate the price or give requotes, my suggestion to anyone is if you feel like you must open an account with this cheating Windsor Brokers then open a practice account and do a lot of trades in short period of time and see how many requotes you get or open a live account and open with a very small deposit like $100 and do the same thing then your experiance will show it\'s ugly head.
I wish I had read something like this before I traded live and wasted my time.
P.S try Trading Point they have no requotes their spread is a little higher but instant execution and a fair dealer, finally I found a good one.