Can anyone prove broker fraud?

Gaps.

I said I wouldn't take my thread out of context by arguing with the conspiracy theorist (that truly is a pointless exercise as they can cook up conspiracies that can angle them out of any argument,) but I can't help it.....


From the National Futures Association:

"One of the first things any investor should do before trading futures is conduct a background check on the firms and individuals offering these products. Using NFA's Background Affiliation Status Information Center (BASIC), investors can quickly and easily check the registration status and disciplinary history of every firm and individual conducting futures business with the retail public. "



If you have been ripped off, and can prove it, the NFA will discipline your broker and place it in their history. THAT'S THE FREAKING PURPOSE OF THE NFA! (Unless, of course, you are trading with a non-NFA member, which would be your fault for doing so.)


Now please post your FILED COMPLAINTS PipStar, so that we can see them here, and get on with this thread.

Meaning?

Gap = A break in price where nobody traded. It happens, esp around weekends. Look at this last weekend, lots of gaps. They tend to close over the next few bars, so they make good short-term trades with (usually) a good ROI.

Lets say you're long and have a negative balance on a trade. You're close to margin. The weekend comes, Sunday bar opens waaaaay lower and gaps down. Since there was no trading at a better price, the system can't possible fill you at a better price, the only thing it can do is call your trades in at the price it has... which is the gap price (the opening of the bar). Negative balance results, and your broker is probably going to want you to pay that balance unless they've got a guarantee against negative balances and are willing to just forgive it.

A stop loss has the same problem, a gap can cause you to stop out further than you intended.

All a broker has to say is that prices are indicative (which they are) and then you have no ground to stand on. Plus, spot fx brokers should be referred to as market makers. They make the market for their traders. How they make it is completely up to them. If they tell you that you are guaranteed to get filled at what you see or click on and then you dont get what you see or click on that is defrauding the client. I dont know of any market makers in the US that still offer a guarantee. Are there any?

While you are trading, you must open more than one broker's metatrader. So, you will able to make choice and know which is fair and unfair broker..

Here is one!

http://www.forexfactory.com/showthread.php?t=608817