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Broker cheaters

  • #1
  • First Post: Apr 20, 2010 10:05pm Apr 20, 2010 10:05pm
I don't have extensive experience with real account trading. I just open real account for a month .. and so far i am good with my broker.

But from other sources I have heard that some brokers do cheat. for example when our trading is positive .. they close our position. When we are in a loss position they close our position before it reaches SL.

Is it true?

Which broker is safe? I don't want to waste my time forexing with cheaters
  • #2
  • Apr 21, 2010 12:24pm Apr 21, 2010 12:24pm
Quoting iCarumba
I don't have extensive experience with real account trading. I just open real account for a month .. and so far i am good with my broker.

But from other sources I have heard that some brokers do cheat. for example when our trading is positive .. they close our position. When we are in a loss position they close our position before it reaches SL.

Is it true?

Which broker is safe? I don't want to waste my time forexing with cheaters
Best of luck mate, Welcome on board to the forex world..

Can you please provide more information about the broker you are trading with and the forex community here can help you to assess and provide a detailed review about the broker that you are dealing with.
  • #3
  • Apr 21, 2010 2:40pm Apr 21, 2010 2:40pm
There are no safe brokers mate, all of them try to make you lose, and if you win they will try you can't get back your money. Face it.
  • #4
  • Apr 21, 2010 2:49pm Apr 21, 2010 2:49pm
Well i dont want to put it the same way that Trad3r put it there.

brokers are in this business to make money, Just 99.9% of them get too greedy for what they can make. and they will make the money and will do anything just to get it done.

Just be very safe with selecting your broker. Do not get fooled for the FLASHY lights. Be very very careful selecting your broker.. and when you find one.. hang to them and share them with us.

Just do not put your expectations high, If you have high expectations, keep trading demo!
  • #5
  • Apr 21, 2010 3:24pm Apr 21, 2010 3:24pm
Quoting iCarumba
I don't have extensive experience with real account trading. I just open real account for a month .. and so far i am good with my broker.

But from other sources I have heard that some brokers do cheat. for example when our trading is positive .. they close our position. When we are in a loss position they close our position before it reaches SL.

Is it true?

Which broker is safe? I don't want to waste my time forexing with cheaters
fxopen does that all the time and their alibi is that you are using wrong expert advisors or scripts
  • #6
  • Apr 21, 2010 3:37pm Apr 21, 2010 3:37pm
I make money with ATC Brokers and Collective FX - I'm assuming MB Trading and Dukascopy are good too with MT4. Oanda seems OK if you dont need MT4. The list gets shaky from there onward...
  • #7
  • Apr 21, 2010 11:26pm Apr 21, 2010 11:26pm
Quoting Trad3r
There are no safe brokers mate, all of them try to make you lose, and if you win they will try you can't get back your money. Face it.
totally wrong, depends on if you trade with regulate provider or an actual broker and not a provider.

Moving to Interactive Brokers has been the best thing I have ever done. half the things I see people on FF complaining about never happen to me anymore.

There are good guys out there.
  • #8
  • Apr 21, 2010 11:58pm Apr 21, 2010 11:58pm
I reccomend ATC Brokers and Osirisfx. Both are offshore brokers. ATC Brokers is an ECN and Osirisfx is Straight Through Processing to the banks. Osirisfx utilizes CFH Markets (from the UK) Pro Trader platform which is very fast and has all the bells and whistles of anonmyous direct market access to the interbank.
  • #9
  • Last Post: Apr 22, 2010 12:45am Apr 22, 2010 12:45am
Quoting forexlion
fxopen does that all the time and their alibi is that you are using wrong expert advisors or scripts
ummm, please stop talking nonsense dude.
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