Mayfair Markets

I waded into this storm thinking I had it beat. How bad could it be, right? I'll tell you how bad - slippage city over there. It's like trying to hold onto a greased eel! One minute you're placing an order at one price, and the next, whoosh! You're processing the trade at a completely different one. And guess what, spoiler alert, it's never in your favor. For three long, grueling months I fought the good fight with Mayfair Markets. Let me tell you, nothing will make you grit your teeth more than trying to wrestle profits from the grubby paws of relentless slippage. It's like running uphill in a hurricane - bruising, battering, and downright exhausting. But eventually, even I couldn't stick it out. So I dusted myself off, pulled up my boots, and moved further down the forex trail to better and honestly, for my sanity, safer grounds. I've now learned that when it comes to trading, my motto is straight and simple - "No to the Slippage Slippery Slope"!

I had bought 100,000 units of EUR/USD and decided to hold my position overnight. Typically, the interest rate of the base currency is always higher than the quote currency. In this case, I was expecting to earn a swap fee, but with Mayfair Markets, my expected profit was significantly reduced, eaten into by their overcharged swap fees.