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Exposing MT4 Scams - Brokers Plugin!

  • #81
  • Aug 17, 2017 8:21am Aug 17, 2017 8:21am
Quoting peepbb
{quote} You said 95% of Forex traders are losing money. This is not true because in reality 99.9% of Forex traders losing money! Traders can have profitable strategies, but brokers will use many tricks as spread widening 30+ pips, huge slippage, hit your SL, not execute your trades, slow down executions and select the worst price for you ( I had broker which slow down execution 50 seconds!!!!), ban your trading account, etc, etc. The broker can't afford you to be profitable due to his LPs. Do not count inconsistently profitable traders. If you become...
. gone are the days of insane spread widenings and fake spikes targetting sl. if there is a spike, trust me its industrywide. why? simple. because the fx market is so saturated. if one is running a bucket shop and manipulation. there's no stopping a customer from just going next door to another broker.
  • #82
  • Edited 11:22am Aug 17, 2017 9:12am | Edited 11:22am
First, in MT4 almost all providers are just market makers. ECN? Just a fancy term coined by market makers for marketing purpose. By definition, either you are a market maker or you are a (pure) liquid provider--there is no such thing in-between. Now, if someone claims that "hey, no worry. even though we are not a liquid provider per se, but we offer an ECN business model as if we were a liquid provider", either that person has no idea about what he is talking or is fully aware that he is using subjunctive mood correctly.

Second, certain so-called reputable brokers would even try to play tricks-- I really do not understand why people would dare to go to unregulated brokers.

Third, traders still can profit stably with retail brokers as long as traders are vigilant, developing a meticulously-monitoring system---If someone takes salespersons' word for it, it is really not their problem.

Looking forward to constructive criticism.
IG seems like a reputable company, but it is not.
  • #83
  • Aug 17, 2017 9:24am Aug 17, 2017 9:24am
Quoting Bicarus
{quote} . gone are the days of insane spread widenings and fake spikes targetting sl. if there is a spike, trust me its industrywide. why? simple. because the fx market is so saturated. if one is running a bucket shop and manipulation. there's no stopping a customer from just going next door to another broker.
However, I believe there exists rip-off-newbie-or-the-stupid mentality. Just look at those flamboyant advertisements...
IG seems like a reputable company, but it is not.
  • #84
  • Edited 10:12am Aug 17, 2017 9:34am | Edited 10:12am
Quoting daileycon
{quote} I'm confused, you say "99.9% of Forex traders losing money" but you are charging people for your forex signals. Why would anyone sign up for your signals? Are you that 0.01 percent or are you trying to rip people off? By the way, your myfxbook account is private.
You can check now. https://www.myfxbook.com/portfolio/f...nals-7/2221126

It is public. You do not need to sign up for any signals. You can trade yourself. The charge is very small for this kind of signals PAMM providers will charge you thousands or share profit 50% of your account if your account is large. You will also find out as PAMM providers are also unprofitable, 99% of PAMM providers do not make money for clients or use too risky strategies and one-day loss your deposit. I do not try to rip people off. Do you like to know real true or you will rather dreaming? I have a friend and he used to work in FXCM and he as their employee never seen any profitable account! Just three people said we have profit consistently. Maybe even more than 99.9%. If you thinking analytically you will find right numbers. A lot of people have the account which is a little bit in profit and they closed several accounts already. Are these traders profitable just because they are some bucks in plus now? The real trader is naturally shark and makes profit consistently! Brokers will ban your account if you will have these skills. I wish you all the best in your trading and I hope you will be on the side of profitable traders.

You could let me know whether you can see the result or it is still private.
  • #85
  • Aug 17, 2017 10:32am Aug 17, 2017 10:32am
Quoting mathTrader8
First, in MT4 almost all providers are just market makers. ECN? Just a fancy term coined by market makers for marketing purpose. By definition, either you are a market maker or you are a (pure) liquid provider--there is no such thing in-between. Now, if someone claims that "hey, no worry. even though we are not a liquid provider per se, but we offer an ECN business model as if we were a liquid provider", either that person has no idea about what he is talking or is fully aware that he is using subjunctive mood correctly. Second, certain so-called...
Not all brokers are Market makers. A lot of them are just as happy collecting your commission to run an ECN bridge to their retail platform. I suppose you think an ECN broker is going to open themselves up to the risk of creating a juicy-arb just to come and stop you out of your .1 lot trade? Nope.
  • #86
  • Aug 17, 2017 11:02am Aug 17, 2017 11:02am
Quoting Nicholishen
{quote} Not all brokers are Market makers. A lot of them are just as happy collecting your commission to run an ECN bridge to their retail platform. I suppose you think an ECN broker is going to open themselves up to the risk of creating a juicy-arb just to come and stop you out of your .1 lot trade? Nope.
If broker will allow you to make a profit then LPs will ban broker. LP will not allow you make them a bill.

Forex is decentralized. You should learn about the structure of Forex trading. If somebody will allow you to make a profit this institution has to pay issued bill by your trading. This segment of retail Forex trading has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents just 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover). It is mean in retail Forex trading is not that much money and Forex traders use high leverages.

Institutions will most likely not pay you, they have a lot of arsenals such spread widening, slippages, slow down executions, do not execute the trades, ban your account, plugins as a virtual dealer, do not allow you withdrawals and much much more.

Of course, it is possible to make a lot of money in Forex but only depend on the broker. BTW it is financial crime what most of the brokers do, but Forex traders do not have even clue to defend rights and properly know the rules.

Sometimes is a possible market maker is more honest than ECN broker.
  • #87
  • Aug 17, 2017 11:42am Aug 17, 2017 11:42am
Quoting peepbb
{quote} If broker will allow you to make a profit then LPs will ban broker. LP will not allow you make them a bill. Forex is decentralized. You should learn about the structure of Forex trading. If somebody will allow you to make a profit this institution has to pay issued bill by your trading. This segment of retail Forex trading has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange...
That's not my experience... Maybe you need a better broker.
  • #88
  • Aug 17, 2017 11:49am Aug 17, 2017 11:49am
Quoting Nicholishen
{quote} That's not my experience... Maybe you need a better broker.
or probably you are the broker.

BTW I have a lot of brokers, not just one.
  • #89
  • Aug 17, 2017 12:24pm Aug 17, 2017 12:24pm
Quoting Soros
Please watch this youtube video and see that you will never be succesful as long as youre using mt4. https://www.youtube.com/watch?v=RTlnqHoIE6I
Paranoia is a Powerful thing, stop blaming the brokers for your failures.
  • #90
  • Aug 17, 2017 1:25pm Aug 17, 2017 1:25pm
Quoting peepbb
{quote} or probably you are the broker. BTW I have a lot of brokers, not just one.
How did you know that I'm an evil broker here to steal your pips?!

I have total control over the market!

I will sell the market down using 1000's of lots to get your 0.1 lots stop-loss! IT WILL BE MINE!

BUWAHAHAHA

BTW, whats's with the bold text in all your posts?
  • #91
  • Aug 17, 2017 1:38pm Aug 17, 2017 1:38pm
I normally do not trade 0.1 lots. I basically trade at least 10 lots per trade.
  • #92
  • Aug 17, 2017 1:41pm Aug 17, 2017 1:41pm
Quoting peepbb
I normally do not trade 0.1 lots. I basically trade at least 10 lots per trade.
Then like I said, you need a better broker.
  • #93
  • Aug 17, 2017 1:43pm Aug 17, 2017 1:43pm
Quoting AlexReid
{quote} Paranoia is a Powerful thing, stop blaming the brokers for your failures.
This video is very good known. I trade through MT4 and I am a successul trader.

All trading platforms are editable.

You can complain to the regulator.

For example, FXCM had penalty £16 900 000 & £4 000 000, but some institutions were fined up to £350 000 000.


watch this: http://4xtrader.net/4xguardian/
  • #94
  • Aug 17, 2017 1:44pm Aug 17, 2017 1:44pm
Quoting Nicholishen
{quote} Then like I said, you need a better broker.

Which one broker?
  • #95
  • Aug 17, 2017 1:49pm Aug 17, 2017 1:49pm
Quoting peepbb
I normally do not trade 0.1 lots. I basically trade at least 10 lots per trade.
On a demo account? Have you even traded live before? If not how would you know that brokers hunt stop losses or ban your account when you make consistent profit. Educator yourself on how the Forex industry works, don't be fooled by the words of a failed trader who are convinced the brokers were against them from day 1. These traders normally find illegitimate brokers in order to find tiny spreads and so on.
There are hundreds of thousands of people making consistent profit in Forex around the world. Either your one of them or your part of the 94% that claim its impossible (not the 99.99%).
  • #96
  • Aug 17, 2017 2:01pm Aug 17, 2017 2:01pm
Quoting peepbb
{quote} Which one broker?
If your UK based IG is a very reputable regulated broker, with 20 years in the forex industry.
  • #97
  • Aug 17, 2017 2:14pm Aug 17, 2017 2:14pm
I trade many live accounts. Read properly: demo for safety reason.

I can show you live accounts, but without my account number and private pieces of information.

You do not know what you are talking about. I know how Forex industry works. I explained many things regarding Forex industry above. Just read it at first and then start accusing.

Consistent profit is month by months or even day by day. Can really hundred of thousands of Forex traders do that? or just Forex broker said you that?

I guess you were not best in math. Did you even hear about precise compounded lot size? (Traders who made profit consistently can optimize lot size for the best result. Please explain to me who will pay that bill? Broker? Bank? Liquidity provider? Rest of traders? Who can afford to pay that bill?

On the demo account, there are almost ideal trading conditions. Small slippage + spread + commissions + swap. Just all of these mentioned are against you, but you obviously "know better" how Forex industry is working, so here is not efficient to waste time by explanations.
  • #98
  • Aug 17, 2017 2:25pm Aug 17, 2017 2:25pm
Quoting AlexReid
{quote} If your UK based IG is a very reputable regulated broker, with 20 years in the forex industry.

Check this about your preferred Forex broker IG http://www.forexpeacearmy.com/forex-...109/www.ig.com

probably these reviews will open your eyes.
  • #99
  • Aug 17, 2017 2:44pm Aug 17, 2017 2:44pm
Quoting peepbb
{quote} Check this about your preferred Forex broker IG http://www.forexpeacearmy.com/forex-...109/www.ig.com probably these reviews will open your eyes.
Loool what a joke look at just about every broker on Forex peace army and it has terrible reviews, why? Because novices that couldn't develop a profitable strategy go onto these sites and blame the broker for there losses. I've been with IG and FXTM for 3 years making consistent profit, they haven't shut down my account, drastically increased spreads or slippage, hunted my stop losses or one of the many other ridiculous things you claim happen in EVERY brokerage.
Tbf its hard to understand what your sentences mean as many of them have very poor broken English, but i understand that you are one of the many blaming the broker. I didn't even mean my first comment as an insult but you clearly took it as one, not sure why. Where is this knowledge you talk of? I see a basic understanding of Forex mixed with paranoia.
Whether you take insults from my comments or not i am just giving my opinion just as you were. My original comment was not meant to offend just my opinion, i was a bit abrupt but i always am when i see ridiculous threads such as this.
  • #100
  • Edited 3:15pm Aug 17, 2017 2:55pm | Edited 3:15pm
Dear Alex Reid,

So, you are a professional trader and you making consistent profit day by day. You trade 3 years, so you know everything about Forex industry now. That says it all! You are actually genius.

I will give you also advise. Never make fun of someone who speaks broken English. It means they know another language/languages.

Anyway, good luck with your professional trading for a living.
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