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

  1. #1
    Hi,

    I would really love to understand this, since...

    What I know now, is that brokers do not care either you win or lose, they simply charge you comissions, they're only in the middle of the series, the individuals who lose and win will be the buyers and sellers.

    So why do some people say that brokers steal money from the traders?

    I understand some of them over bank ammounts, for this and that, I do not care about that, folks must realize, I am speaking specifically about trading.

    So, how can brokers can gain from you losing all of your balance? I think that is bad for brokers, because they won't be able to charge comissions on you .

    Please, I wan na na Observe the truth lol

  2. #2
    Quote Originally Posted by ;
    Hello, I would really like to understand this, since... What I understand today, is that brokers do not care either you win or lose, they simply bill you comissions, they're only in the center of the chain, the individuals who win and lose are the buyers and sellers. So why do some people say that brokers steal cash from the traders? I understand a number of them over charge ammounts, for this and that, I do not care about that, people should realize, I'm speaking specifically about trading. So, how could brokers could gain from you losing of your equilibrium? I believe that's...
    I know these kind of people are losers and they scape goat some one for their loss. If their egy brings pips gt;10pips, then the spread ought to be insignificant.

  3. #3
    Quote Originally Posted by ;
    Why do people say brokers steal traders regardless of what? They do it because they could. It would be very naive to think they don't have weekly meetings to devise the best egies to get the most money from their clients. I know this is true because OANDA screwed with my account. I am submitting a complaint.
    Hi ,

    Folks say that brokers steal because they're trading without enough knowledge or the brokers are market makers/b book.

    Either manner from what I know Oanda is about copy trading right? Correct me if I am wrong please. I am trading with a broker - a book - that allows me to see in real time the traders profiles, their stats, history and so forth. In this way I know if a guy has say 80% accuracy I will negotiate with him exactly what percent he will have from just how much he is making for me. If he is losing my cash he will not receive any commission from what we negotiated until he will make my cash and I have full control over the sl/tp and closing the transaction. I also will message him and so forth so it is not like an mt4 or 5 where I just find the transactions and charts...

    I am not kissing the broker's a^^ but I am only saying, if you copy somebody else he should put his money where his mouth is. What I find most upsetting is the fact that with the majority of brokers with copy trading you don't know if the guy you are copying has a demo account or not...

  4. #4
    Quote Originally Posted by ;
    Hi, I would really like to know this, because... What I understand now, is that brokers do not care either you win or lose, they simply bill you comissions, they're just in the center of the series, the individuals who lose and win will be the buyers and sellers. So why do some people today say that brokers steal money from the traders? I know a number of them over charge ammounts, for this and that, I do not care about this, folks should realize, I am speaking specifically about trading. So, how can brokers can gain from you losing of your equilibrium? I think that's...
    Simply look at the people who assert that brokers steal their money, and the answer will be clear. Many people trade a horrible system, which allows for enormous drawdown in pips, possibly 800 pips, and when someone says that the broker stole their money it's because they obtained margin called, then the order reversed following their account has been burst. Basically, deflection is why people assert that the brokers caused the loss. What makes these things difficult to prove is actual PROOF. Most, if not all, the people who claim to have dropped due to the broker, never have video or possibly . Those claims should be taken lightly and even ignored all together.

  5. #5
    Quote Originally Posted by ;
    quote Simply examine the people who claim that brokers steal their cash, and the answer will be clear. Most people exchange a dreadful system, allowing for enormous drawdown in pips, possibly 800 pips, and when a person claims that the broker stole their money it's because they obtained margin called, and the order reversed after their account has been burst. Basically, deflection is the reason why people claim that the brokers led to the loss. Why is those things hard to establish is PROOF that is actual. Most, if not all, the people who claim to have dropped because...
    I completely agree.

    A few months before, I was assitings to a trading courses, among the supporters worked for a broker, the instructor told me:

    I understand exactly what you do, I admire your work, but I don't respect what brokers do.

    WHAT THE F%#$% DO BROKERS DO???

    He also said:

    What brokers need is...

    A= Wins B=loses
    A= Loses B=Wins
    A= Wins B=loses
    A= Loses B=Wins
    A= Wins B=loses
    A= Loses B=Wins

    Exactly what does it issue???

    I believe a broker makes LOTS OF MONEY IF THIS HAPPENS:

    A= Wins B=loses and quits.
    A= Wins
    A= Wins
    A= Wins
    A= Wins
    A= Wins
    A= Wins
    A= Wins
    A= Wins
    ....

    Because they will get comissions for ever.

    Is there a secret, so that brokers slip us, and they will reign, and conquer the world and the galaxy?

    Is there something I don't understand? Illumintis? Bermudas triangle? The Kennedys? Something?

  6. #6
    Quote Originally Posted by ;
    Please, I wanna observe the fact lol
    And you ask that on the internet?! Oh lord!

    Kidding aside though, it is dependent upon the model that broker is operating. Genuine brokers life (mostly) of commission (there are a few different sources of income like interest on your deposit but to cut it short here: your own losses are none of them).
    It is a little more complex with market makers... not all of them are poor but there's certainly a conflict of interest.

    Quote Originally Posted by ;
    So, how could brokers could benefit from you dropping all of your equilibrium? I think that's awful for brokers, since they won't be able to bill comissions on you .
    That assumption is accurate. If you've got a true broker, not a market maker, it is quite important for them which you remain motivated, robbing your account will probably lead into the reverse (considering I live 10 minutes from my brokers office it'll inspire me to do something else ).
    Actually in the event that you get in contact with a true broker, have a correctly sized deposit and a fairly large monthly volume you'll see the difference in how they treat you by the very first day on. But all of the net newbies moaning and insulting around here seem to have a terrible habit in choosing brokers (half-naked women, fast cars, leverage as high as possible no matter the current market scenario...) sometimes you must wonder just how many traders around this are actually over 15.

  7. #7
    Another thing people say is that in the event that you have a STP or market maker broker then one is more plausible then the other. Look at it like this. If you like a customer places a buy order, and 95% of trades placed is stopped out, then why wouldn't a broker consider the other side of your transaction? A broker taking the other side of your transaction does not indie that he is moving the market against you. It means that he is wagering from you, of what choices are to begin with, kind. If I as a broker take the other positions of my customer, I could use that as a contract which I could become any sort of alternative.
    Once again it comes down to a trader not wanting to accept responsibility for his action or in the case of prejudice traders in-action. A broker is a scammer, if all of a sudden you open your own account and one day that you see your entire account balance is gonebut it isn't reasonable to call a broker a scammer, or state they're out to get your money because you placed an order which ended up moving against you 1000 pips which stopped out you! The broker isn't responsible for that.... You as the trader are!

  8. #8
    Quote Originally Posted by ;
    quote And you also ask that online?! . . .your losses are not one of these ).
    That
    Quote Originally Posted by ;
    . . .it's important for them which you stay inspired, robbing your account will most probably lead into the opposite (considering I live 10 minutes from my brokers office it will motivate me to do something else ).
    Lol

    And also the regulators.


    Quote Originally Posted by ;
    The broker is not responsible for this.... You as the trader will be!
    That

    --

    Those two remarks, was what I was expecting, so, in the end, is all up to you and only to you.

  9. #9
    publiion a/b aside, I figure what they mean by stealing is price quotes differentials. Sure, one can say cause that they utilize various lps but that would only influence the gaps marginally rather than this, see SS. both of eurusd pairs. Btw these two are my prime broker accounts which should be receiving the best accurate rates compared to market


  10. #10
    Why is it that people say brokers steal traders regardless of what?

    They do it because they could.
    It would be very naive to think they don't have weekly meetings to devise the best ways of getting the most money out of their customers.
    I know this is true because OANDA just screwed with my account. I am filing a complaint.

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