Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Bucket Shops in Forex 23 replies

Dishonest & a bucket shop? 16 replies

Bucket shops 1 reply

Forex Trading In The Bucket Shops 9 replies

Arbing with Bucket Shops 1 reply

List of Forex Bucket Shops (Market Makers only)

  • Post #1
  • Quote
  • First Post: Jun 19, 2015 12:07pm Jun 19, 2015 12:07pm
Please, name Forex Bucket Shops - Market Makers, with short explanation.
Oanda and MahiFX, they declare themselves as market makers
What about forex.com? My s/l's seem to be hunted quite aggressively. When I do not place s/l's I profit nearly 90% of the time. This is not a coincidence as I've been experiencing this over the last several months since I joined the broker.
Quoting Rosalia
Oanda and MahiFX, they declare themselves as market makers
A market maker is not necessarily a bucket shop. Be careful when you determine such thing.
Market makers who are under heavy regulation (such as Oanda) are working fully legal and cannot manipulate clients. they are risking themselves by doing so.
Quoting ptoftangency
What about forex.com? My s/l's seem to be hunted quite aggressively. When I do not place s/l's I profit nearly 90% of the time. This is not a coincidence as I've been experiencing this over the last several months since I joined the broker.
Forex.com is a bucket shop, through and through. They not only stop hunt, but they also deny your withdraw requests if you make too much profit. It has happened to a trader here.

Avoid them at ALL cost!
Make your losses in demo. Earn your profits live.
Quoting Forexia
{quote} Forex.com is a bucket shop, through and through. They not only stop hunt, but they also deny your withdraw requests if you make too much profit. It has happened to a trader here. Avoid them at ALL cost!
Hello Forexia,

Thanks for the response. I am relatively new to forex so I appreciate the comment. Could you advise me on a broker you have good experience with? I have reviewed and searched quite a bit of brokers but it's difficult to get a concrete understanding on them.

Once again, thank you.
Quoting SessionGreen
{quote} A market maker is not necessarily a bucket shop. Be careful when you determine such thing. Market makers who are under heavy regulation (such as Oanda) are working fully legal and cannot manipulate clients. they are risking themselves by doing so.
Who's determine such thing?
I said they are market makers as they declare themselves.
I was hit by XM.com by a roque quote on 17 June when GBPUSD was rising quickly. I had a sell stop in place for 1.5680 in case the market retreated. They exercised it when they say slippage occurred and auto placed directly with market. Thecompany line is that the trade was executed during a major news announcement that saw a 96pip movement in GBPUSD and that some slippage can be expected. What they do not say of course is that it was a 96pip rise in market rate not a fall. Whilst any trader would accept some slippage - in the case
of my trade it was 6.8 pips below the limit price (1.56732 versus 1.5680 limit). That is not my complaint. It is fact that the trade should not have been executed if they had adequate controls in place to prevent out of market quotes. My trade was at 68.8 pips below the level of the market at the time and so was not at best price. They show a candle with a long tail but surely they were wrong to execute and I am now showing a significant loss. Comments welcome
Quoting Rosalia
{quote} Who's determine such thing? I said they are market makers as they declare themselves.
Hello Rosalia,
I apologize for the misunderstanding.
The request of Spox was:
"Please, name Forex Bucket Shops - Market Makers, with short explanation." it has the impression you also categorize these brokers as bucket shops.
Quoting islandlife
I was hit by XM.com by a roque quote on 17 June when GBPUSD was rising quickly. I had a sell stop in place for 1.5680 in case the market retreated. They exercised it when they say slippage occurred and auto placed directly with market. Thecompany line is that the trade was executed during a major news announcement that saw a 96pip movement in GBPUSD and that some slippage can be expected. What they do not say of course is that it was a 96pip rise in market rate not a fall. Whilst any trader would accept some slippage - in the case of my trade it...
they admit they are market maker long time ago on their FAQ.
I think Instaforex and actually most Russian brokers are definitely ones to avoid.
  • Post #12
  • Quote
  • Last Post: Edited 6:30pm Jun 23, 2015 5:42pm | Edited 6:30pm
I think most brokers are good
all have a nice day
focus while relaxed to see better
0 traders viewing now