Hello everyone, I think this is a fairly important issue.But it is always difficult to know if brokers are manipulating operations.What are the first signs that a broker is doing this?Share your experiences!
Hello everyone, I think this is a fairly important issue.But it is always difficult to know if brokers are manipulating operations.What are the first signs that a broker is doing this?Share your experiences!
If you can't realize, do you really matter?
Yes it matters, because it means that the broker is interested in losing your operations.
Most brokers with operations table (Dealing Desk
Hello compatriot (state of the city of the Vatican
I agree that most brokers do not send all operations to the interbank market.I know from my own experience.I opened an account with a broker and, at times of low liquidity, my operations did not move the price at all.For me, this is a clear sign that they are manipulating operations.It doesn't matter if you operate with 0.10 lots or 10, there is an impact when you close a position at certain times.But if you are operating with more than 50 lots and the price does not move at all, something does not fit.Brokers who claim to cover all positions but do not really be denounced before regulators.
Something even more suspicious happened to me with a broker.He had a short operation in GBP/USD before FOMC with an adjusted stop.I entered 1,5980 with a stop at 1,5990.When the news of "No Tapering" arrived, the price rose up to 1,6025 in seconds, but interestingly my stop was executed exactly in 1,5990 without going through any other level.They were clearly manipulating the Stops.
Exact.That is why traders need a real eCN broker.In an ECN, your order is sent directly to the interbank market without grouping it with other orders.A legitimate broker should send 100% of the orders to other liquidity suppliers instead of being those who "provide" liquidity.
Totally agree.But the problem is that even the STP brokers that claim to be "Direct Market Access" do not always send all orders to the interbank.I have operated with one of these brokers and, when executing large orders, the Stops were activated in the exact PIP.When I asked them why my stop was activated at the exact level when the price rose 50 more pips, your answer was: "Isn't our liquidity incredible?"But what they should really have said is: "Are we not experts in retaining your operations internally?"Regulators should do their job and get these brokers from the market that continue to destroy the industry.
Whenever a broker talks about "deep liquidity," I wonder what it really means.Banks are not liquidity suppliers in the strict sense, they are flow suppliers.They process orders from their customers and balance them with the demand.When a broker says he has "good liquidity", many times it only means that it is good manipulating prices for their own benefit.
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