MT 4 bridge & how brokers scam | Forex Factory

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MT 4 bridge & how brokers scam

  • #1
  • First Post: May 20, 2011 2:36pm May 20, 2011 2:36pm
Hi,

Watch out this:

http://www.roustech.com/index.php?menu=page&name=bridge

Quote
Benefits
Automate Risk Management. You can configure the bridge to offset all, some, or no positions with the liquidity providers.
Reduce employee expense. Tasks are performed automatically: faster and more effective, with less manual operations.
Reduce corporate risk. You know at all times what happens accross your business.
Capture more profit from spread. Effective configuration of the bridge ensures access to increased spread profit.
Improve trade execution and confirmation speed. Modern technology allows you to work faster and be sure you get the business results you want.
Achieve more customers. You will be able to handle more customers due to increased execution speed and security.
Increase customer retention. Customers will be more pleased with your services and will find your platform highly reliable.
Complete transparency. Orders and transactions can be checked by you at all times.

Wonders of technology.

13
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Brokers are angels
  • #2
  • May 20, 2011 3:30pm May 20, 2011 3:30pm
MT 4 bridge & how brokers scam?
I don't understand how you can get this understanding from the website link you posted.
  • #3
  • May 20, 2011 3:49pm May 20, 2011 3:49pm
Hi,

This is bridge that connects banks feed pool to MT4 server. Watch the features aka benefits that broker can make. Like not offsetting all trades! Trading against customers & most of all trying to modify price feed to gain more pips.

13
Brokers are angels
  • #4
  • May 20, 2011 4:32pm May 20, 2011 4:32pm
Some traders who do not trade large enough to go STP to institutional price provider of the broker have to be managed internally. Most liquidity providers do not accept trades smaller than 10,000 USD position so this means that the broker needs to not accept trades this small or accept them as a risk to himself. As long as the traders are losing on there own like most retail traders then this is fine and not a risk to the broker and he can accept the risk himself on his books. If the trade position is larger than 10,000 USD position then he can STP it out to his Liquidity Provider with just a spread markup or a transaction fee attached. If the broker sees that this trader is losing on his own just like the other 95% of traders then he can decide to take the risk himself and not offset the trade through STP.
  • #5
  • May 20, 2011 4:32pm May 20, 2011 4:32pm
This isnt really new info, the virtual dealer (which has a lot of similar tricks) has been around for a few years now.

http://www.forexfactory.com/showthread.php?t=70582

Recently a few brokers have been sued by cftc for using the virtual dealer. Any US broker caught using this will likely face similar consequences if/when they are caught.
  • #6
  • May 20, 2011 4:36pm May 20, 2011 4:36pm
Trading against customers & most of all trying to modify price feed to gain more pips is not mentioned on this site and is not a function of this bridge. Adding the the institutional cost that he pays in order to make a profit is a perfectly legitimate business. Brokers cannot make money by offering to you the same price they pay. The spread must be marked up or a transaction fee charged.

Quoting fx13
Hi,

This is bridge that connects banks feed pool to MT4 server. Watch the features aka benefits that broker can make. Like not offsetting all trades! Trading against customers & most of all trying to modify price feed to gain more pips.

13
  • #7
  • May 20, 2011 4:38pm May 20, 2011 4:38pm
This is not a virtual dealer as has been known to be used by negative dealers.

Quoting traderjai_inhi
This isnt really new info, the virtual dealer (which has a lot of similar tricks) has been around for a few years now.

http://www.forexfactory.com/showthread.php?t=70582

Recently a few brokers have been sued by cftc for using the virtual dealer. Any US broker caught using this will likely face similar consequences if/when they are caught.
  • #8
  • May 21, 2011 4:21am May 21, 2011 4:21am
Quoting fx13
Hi,

Watch out this:

http://www.roustech.com/index.php?menu=page&name=bridge



Wonders of technology.

13
what about this:

 

  1. Increase customer retention. Customers will be more pleased with your services and will find your platform highly reliable.

Like others also I don't see the point of this thread.

  • #9
  • May 21, 2011 4:47am May 21, 2011 4:47am
Quoting 7bit
Like others also I don't see the point of this thread.
The point of this thread is manipulation by brokers and it's because you can't see it that they keep doing it. Of course it's nothing new and it's been happening for years.
  • #10
  • Last Post: May 21, 2011 5:02am May 21, 2011 5:02am
Quoting PipStar
The point of this thread is manipulation by brokers and it's because you can't see it that they keep doing it. Of course it's nothing new and it's been happening for years.
Yes, there might be manipulating bucket shops out there but I don't see the connection to the link that was provided in post #1, Its an ordinary bridge that is advertised as doing exactly what a bridge is meant to do. What does this bridge do that other bridges don't do? Where is the scam here? I can't see it?

Is it the fact that some retail br0kers allow trading of positions smaller than 100k or 10k? This is directly advertised by the br0kers/dealers themselves and many people chose their br0ker for exactly this feature, so I still don't see the relevance of the the linked website.
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