Why are Brokers Cheating?!

Just wonder.. spread doesn't feel them satisfaction !

Because they're not real broker but dealer

Because they don't make enough through the spreads. 'Greed is good' so they take some from the traders too. The majority of brokers income most likely comes from traders losses.

They know about the 95+% trader failure rate - Its VERY TEMPTING to let them lose that money to the broker rather than the market. (Of course once you start taking bets personally - you start HATING winners that take cash from you.) - Its just greed. You can easily run a profitable STP operation - You'll just be smaller and make less profit BUT you only need a decent support staff and you can collect spread pips while on the beach (never worrying about the client that'll break you).

because brokers are made to cheat

Because if they're not broke they're not called broker

because forex is unregulated. therefore broker of forex can be called "bucket shop".

thats why choosing a a broker is actually the first step to do if u want to learn forex. there hardly any decent honest broker in this world.. they are all profit-oriented

because they have mortgages, yatchs, mistress/gigolo, kids, all sorts of doodads and they want bigger bonuses and performance bonuses at the end of the year!!! where do u think they get their money from??

their income has taken a beating after their trader screwing antics got out. not much people want 2 trade with them anymore. spread income is not enough 2 pay 4 what they need. furthermore, they're losing market share 2 the ecns. so they stab u in the back while you're not looking.

why?? because they can and they can get away with it and there's nothing u can do about it.

So.....how's your trading going?

ahaha, i guess its booming ....

I guess MaXeY is too pro and scares brokers off badly.

When we open pos say BUY 10k...where it goes ?....it goes to broker and it stay there, it is not passed to Bank...why ?...Bank don't accept small orders..they need Big orders to settel. so what broker do is...he Accumulate all small order till order quantity is sufficient which is acceptable by bank. so all our order get's accumulated in Brokers Bucket (Bucket Shop)...so when Bucket get's full..broker send that order to Bank....now here is catch....if during this accoumulation period average value of total order which is in bucket goes down then broker will send total BUY order to bank at better price and difference between average value and setteled value goes in Brokers pocket...broker makes money in this.

When reverse happens broker is at risk...so they start giving you re-quotes, order rejection, platform frezz..this all happens to protect broker's loss....sometimes you see sudden dip.
when market is moving nice with volume and retrachement. broker makes profit on spreads..since he is setteling orders fast with banks.

So broker do not cheat always..when broker find himself in wrong position...he start cheating....if he do not cheat or protect himself ...he will go bankroupt..and all clients acount's will be under threat.

You can add further or correct me if i am saying anything wrong.

Best regards
Ramdas

brokers suck u dry like mbtrading

My recommendation is to stick with commission based and ECN brokers. ECN brokers get the liquidity and spreads straight from banks and hence have tighter spreads and better fills. Though they charge commission but you are better off paying commission rather than higher spreads.

Market Makers are usually notorious for manipulating prices in their favor and some also take opposite positions when you trade. Plus the spreads are higher.

They aren't. From what I read online, you are.

Interbank spreads are far wider than the speculative spreads offered by bucketshops. If you want an interbank spread (4pts on eur + comission, on spot under 1mill) you would complain its too expensive.

Its just a fact that someone who loses is losing and wants to blame others.

Have fun though Considering there are 1 million threads by you about the same crap. Trying to weed through the garbage on this section of the forum now and have just become frustrated.

Chose a big name broker, and dont try and scalp or news trade, the liquidity makes spreads widen. Trading daily TF broker would need to manipulate the price by 100 pips or so to screw you which aint going to happen.

I am new to forex, just trying to learn, but everywhere I go it seems ALL brokers cannot be trusted. So how do I find a good one?