How does privacy work in online brokers? | Forex Factory

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How does privacy work in online brokers?

  • #1
  • First Post: Edited 6:07pm Jul 6, 2017 4:31pm | Edited 6:07pm
Hi guys, im very noob in this topic.
In the specific : Could regulated brokers retrace your trading system and so, violate your privacy?
I ask this because i saw many people in forums (not this one) who complaint about that.
  • #2
  • Jul 6, 2017 5:24pm Jul 6, 2017 5:24pm
Quoting gvsee
Hi guys, im very noob in this topic, but yesterday i asked a question to myself (as above). In the specific : Could regulated brokers retrace your (winning) trading system? So, violate your privacy and years and years of study to make a decent strategy to make it their? I ask this because i saw many people in forums (not this one) who complaint about that.
IMO, just because someone can see your entries and exits, does not mean they can follow your strategy. All they see is your orders. They have no idea what you are doing to execute them. That being said, even if they did, it would not matter. There are thousands of profitable strategies in the market. Yours would be one of many. It wouldn't stop you from doing what you're doing.
  • #3
  • Jul 7, 2017 5:34am Jul 7, 2017 5:34am
Yes, brokers can see all your trade history, entries and exits, stop losses, trade sizes etc. I'm not sure what you mean about privacy? All brokers need to have access to your trades in order to make any edits needed.
  • #4
  • Jul 7, 2017 12:36pm Jul 7, 2017 12:36pm
Quoting Catch-22
Yes, brokers can see all your trade history, entries and exits, stop losses, trade sizes etc. I'm not sure what you mean about privacy? All brokers need to have access to your trades in order to make any edits needed.
yes I know almost all kinds of broker can ensure about our trading details . and for that reason some broker cheat with their clients. I think brokers have to make sure traders privacy first of all. but practically no way .
  • #5
  • Last Post: Jul 7, 2017 12:58pm Jul 7, 2017 12:58pm
The only way to have "true" privacy is to trade on a futures exchange or through a prime broker, where your orders are looked at as volumes of different scales and not under your "username". If you're trading through an internally filled broker, they will know your ins and outs (literally and figuratively), and that's where you hear about scams happening.
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