Why do people say brokers steal from traders no matter what? - Page 3
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Thread: Why do people say brokers steal from traders no matter what?

  1. #21
    Quote Originally Posted by ;
    quote I'm curious please inform me more about that which Oanda did to your account. A larger portion of my account is deposited together as well so it is actually important for me personally.
    I have an account with them since about 2006. Never had any issues until now. I sent some money to cover a margin call. The money arrived in time, but OANDA made a decision to obstruct / hold the capital until I answered some adminiive question regarding cross border transfers in my personal account. By the time this was cleared up it was too late.
    IMO, the total disregard for their fiduciary responsibility is dishonest. I will be escalating to the FSO.

  2. #22
    Quote Originally Posted by ;
    quote According to some Swiss finance manager (who understands Forex brokers better than me, as due diligence is main part of his job) practically all transactions below 50 lots are B-booked by the brokers, i.e. the brokers are gambling against 99 percent of their retails customers. Which makes sense (from the brokers facet ), since they profit not just the spreads as well as the commissions, but also the customer funds which 95% of Forex traders shed. You're right, if 90 percent of traders obtained, then brokers would go bankrupt. That is why they have to use the digital dealer plug-ins....
    As this is becoming more evident and keeps more people out of Foreign Exchange. FX Brokers now market Foreign Exchange Binary Oprions... the new slot system in the Foreign Exchange casino (:

  3. #23
    Quote Originally Posted by ;
    There are some simple steps preventing a trader from becoming a customer of any type of shady brokerage.Only look into brokers who are regulated,so any type of Belize brokerage doesn't fall in that class from the start.Then check if you like their platforms,pricing etc.. Then check if they mention anywhere something about conflict of interest and how they manage them.When you still like what you see, then take a close look at the contract you would enter with them.Study carefully the parts that discuss the counter-party of your trades,the...
    Thanks, really useful!

    It appears logical, but it is not for rookies.

  4. #24
    Quote Originally Posted by ;
    quote HAHA. Go to google and type Forex Broker, or the true name of a Forex brokerage company, then sort FINE or LAWSUIT, then you will be introduced into the real world. I got some money back from FXCM when I used thembut when they hadn't been captured, I would not have. So, there ya go. Incidentally, when their Refco investor went bankruptthey kept their clients money. I have a friend they stole $20,000 from. Greed changes people, and not for the better. Listed below are two links for when they got captured using that virtual trader plugin which...
    so that your huge claim to brokers jobless everyone is when they take an opportunity given for them to make more money by giving you the trade in the price you've asked for while they pocket the difference, while still slipping you whenever they get a worse quote? Sure, asymmetric slippage is shitty, but quite honestly I'm surprised it is not the standard. Brokers are in this game to make money, also. It is not a charitable company. To me personally asymmetric slippage only sounds like good company. Department store sales clerks do that day in day out.

    Asymmetric slippage is a far cry from the nonstop cheating and corruption and stop searching and blah blah blah implied by a lot of people on this forum that don't really have anything to back any of the claims up. Your hyperlinks at least have something concrete behind it, though it is not at all surprising for me to see.

    I'm sure a few here believe the interbank market makers are giving everyone best rates as well.

  5. #25
    Quote Originally Posted by ;
    quote But I guess making the right moves makes you not stealable. I mean. In case you have 2000 pips on your favor, how can you get robbed?
    If you'd 2000 pips on your favor, probably they couldn't rob you legally.

    Though I seriously doubt that there would be any retail trader who would have a floating profit of 2000 pips. Not even 200 pips...

  6. #26
    . I've read each and every article and ought to say heard a lot about the sport. If you know who you're coping you can get much better prepared. Now I see why all those binary choices brokers offer such great profits, it always sounded too chy for me.

  7. #27
    Quote Originally Posted by ;
    Well men thats an wonderful read. I have read every post and should say learned a lot about the game. If you know who you're dealing with you can get much better prepared. Now I see why all those binary options brokers offer such fantastic profits, it looked too tricky for me.
    On a cfd broker you've got profit per pip - 1 lot buy for example is 10 usd profit/loss. A binary options broker features something like 70% guaranteed yield in one minute up to a few hours if you're even up BY ONE PIP in the available price... C'mon that has slot machines for me personally...

  8. #28
    Why do people say brokers steal from traders no matter what?

    Technically: Well they have commissions/spreads. . What would pay their salaries?

    As a trader: Because they have not taken complete responsibility of their trading yet.

  9. #29
    Because the house always wins.

  10. #30
    Since they have nothing else to say... So broker is the simple way to state they steal money.

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