Interesting - 0 pip spread, Commisions returned on losing trades?

the core of my point is that most people are only going to lose overall so a bucket shop has no great risk of owing clients any money, the broker is keeping you in the game longer by not pocketing your losses and by forcing you to trade at a slower rate, and the broker is gaining more by charging you more than normal when you happen to win.

there is going to be plenty of times that someone is going to give up and close a trade that is technically in profit, but the commission alone puts them into negative at which point the broker has the right to pocket the commission because under their rules you closed a trade that was in profit. you gain nothing, and in fact lose funds.... for what normally would have been a profitable trade.

i think the key to all of this is that they aren't going to attract the type of customers who have an edge and who will actually be profitable. they will attract customers who can't trade anyway, so they have little risk, and will pocket the commission on the times the trader happens to close a profitable trade. that's their low risk high reward setup.

Sounds about right to me.. Good Luck Expert

Which is good for broker and trader too....

I do not defend them, I do not know them.
BTW, I am going to explore this innovation, the ins and outs and post them here.
Everything looks attractive but there could be a trap in somethiing...lets see..

This is the face of the new generation broker.
http://www.fxclub.com/expressfx-terms-conditions/
Looks open and transparent.
I am to read it in my free time.

i am a bit uncomfortable with their PRIVACY policy. THEY have no problem disclosing my information to NON affiliates:

-----------------

Disclosure to Non-Affiliated Third Parties In order to support the financial products and services we provide to you, we may share the personal information described above with third party service providers and joint marketers not affiliated with us, including:

financial service institutions (e.g., advisers, dealers, brokers, trust companies and banks) with whom we have joint marketing agreements, such as agreements to market financial services or products that we jointly offer, endorse or sponsor; and
companies under contract to perform services for us or on our behalf such as vendors that prepare and mail statements and transaction confirmations or provide data processing, computer software maintenance and development, transaction 120 Wall Street, 16th Floor, New York, NEW YORK, NY 10005, UNITED STATES +1 (800) 881-3809, email: [email protected] processing and marketing services. These companies acting on our behalf are
required to keep your personal information confidential. Also, we may disclose personal information with non-affiliated companies and regulatory authorities as permitted or required by applicable law. For example, we may disclose personal information to cooperate with regulatory authorities and law enforcement agencies to comply with subpoenas or other official requests, and as necessary to protect our rights or property. Except as described in this privacy policy, we will not use your personal information for any other purpose unless we describe how such information will be used at

the time you disclose it to us or we obtain your permission to do so.

I do not like it either.
I asked them about it to comment it.
Waiting for the reply.