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

Unsure which broker is stealing cash from traders. . Better to go with those broker who've repute in the market and that is it!

The easiest answer here is that people are right. Brokers are often leery with their clients. Not all of them, but enough of them to make general poor impression on the trading community. Https://www.forexnewslab.com/2017/03...00-in-h1-2016/ and that number has risen to 7,026, or up by 36.4percent from the past six months. The majority of these complaints were focused on order implementation, lack of proper information and brokers working without a license.

Traders can say brokers steal whenever they participate in spread widening. This occurs during moments of high volatility. The broker can fail to alloe your standing, even if it's totally upgraded, at the amount that it quotes, the broker saves himself by employing a wider spread than normal on the customer. Nothing can really stop the broker from needing a wider spread to acquire profit from the customer. If brokers can do so, it's stealing and there is not much you can do to stop them.

I believe we should get another term for what brokers does coz so far as I am concerned they can't steal on an OTC market in case you don't enjoy their price and transaction quality then proceed. They're only cheating if they don't fulfill your order. When you believe that you're loosing for real you are really trading on demo. If they're not loed well regulated nations then you've got a chance to trade with among these.

Apart from that, f you're blaming spreads to your reduction believe again may be you are only trying to find a simple way out

Plus the way folks complain when they're using such enormous leverages. I mean you can trade 400 days of what you own no one asks or if it is right but they're asking our brokers cheatin on us?

I think people must keep in mind that all Brokers are a Company which means that they need to be making profits.

Unfortunately the majority of those profits will come at the Traders who use their platforms cost.

In my opinion, looking at it Brokers stealing from Traders is not the appropriate way to approach it.

They supply you a service and in exchange accept commission off your wins/losses or whatever other charges. But if you are a profitable Trader, these
prices are generally not outrageous, they will be in line with the amount of units you trade with in most cases.


Being margin called is not really stealing. In case you've allowed yourself to eliminate a trade without closing it to the point where you are near broke. It is to get it closed for you. Typically, you should not maintain a trade with such a deficit and trusting it turns back and moves in your favor, or you should not have been trading with that unit dimension at your current balance.

Brokers have a lot of trading conditions to find the money out of you, but if it whould be so scamy nobdy exchange on Forex.

Broker is happy once you lose your entire account because all of the money goes in their pocket, what people say that brokers live off commisions on a transaction is a lie. If you start winning, the broker will make damn sure you don't keep winning for much longer.

I believe, disbelieving in Forex most importantly, due to people get loses at the beginning once and after they give up to improve their trading skills.
Every trader get looses at the beginning and occasionally it occurs for quite a very long time. Traders lose hundreds and thousands dollars, but if Forex whould be the scam it would have expired long ago.

Hi there,
the ultimate goal is to maintain the traders as long as you can.
Sometimes the rollover and disperse fees may overexceed the first investment.
As you just saw almost everyone is creating a loss initially.
Losing all your investment - yes, the broker gets your money for their pocket,
nevertheless mostly make money from fees long term.
And where the spread is higher more taxes they get.
Regards,

I read what you wrote here about spreads (fixed and variable)... What came to my mind is, what you believe, which spreads are better, fixed or variable? And also, what is more important, to have better spreads, or better implementation (platform)?