Thanks for all the valuable information in this thread! Especially you Marv - I totally agree with you about Armada. When I was thrown into the world of forex more than a year ago, bombarded with thousands adds and performing not detailed enough research I went for etoro - Sky high spreads, terrible trading platform, etc.
Huge mistake, but I learned the hard way. Choosing a bad broker with wide spreads and late execution of orders puts a substantial pressure on any trader, since one always opens positions far in negative. Thus, for novice traders it is extremely important which broker you choose. Take enough of time to perform sufficient research!