Friday, June 13, 2008

ANB AMRO SCAM CASE





Been trading for 5 years now and tried numerous brokers, but this is going nowhere with AbnAmro, although I thought they were a big bank and cared about their customers.

Delayed executions caused me losses.

And to start with, it took me about 1 month to open the account!!

ANB AMRO SCAM CASE


worst broker ever even compared to oanda


be prepared for shitty taxes, 3-5 seconds order delay, huge spreads when news are comming in and the worst: sometimes during volatile periods their server is down sometimes for several hours
that means your stops or take profit will not be executed during that breakdown sometimes this means the margin call will f*** u
no chance to reach them on the phone its like u gamble with the devil i have other brokers to hedge the position if they have a breakdown
they have often broken charts due to technical problems
their pivots suck and the charts are from the stone age
only useful to trade dax and ftse because of the cheap 1 pip spread but the fact that they are very often down (even in nonvolatile times) makes this plattform for short term traders a gamble

imagine u want to scalp the dax for example for some pips and suddenly they are off u are caught in your position without a stop even if u set one. last time i traded the S&P500 i entered the market at 21:15 European time
suddenly the the server said good bye and i couldn't trade till next day at midday so the server was down for about 14!!!! hours

nobody can tell me it takes so long to fix the problem. if there are miss trades forget to hope that u will ever get back the money they will not even write back if u send a complain email. lol and compare once oanda with abn market index
all thoughu would think oanda provides abn the platform that they have the same taxes they don't oanda has much better and precise taxes.
they have in the same underlying sometimes a
3-5 pips difference just compare and u will find it out.

ANB AMRO SCAM CASE



I won`t recommend this broker because of the following issues:

- platfoorm is unstable and freezes quite often
- huge spread widening (esp. for news events)
- bad fills
- complicated way of opening an account
- unfriendly customer service

the positive thing about abn is the possibility to trade xdax there.
however, there are lots of better brokers out there. no need to sign up with this one.