A perfect broker

Yeah, right.....

Two words:

Trade futures.

To paraphrase, the lunatic has taken over the asylum.

The asylum was this thread. You can have your own opinion as to the lunatic.

I'm not qualified to comment on the mental health of the OP, care in the community is a wonderful concept but it does have it's failings obviously.

Bingo! Mind you I think futures comes with it's own set of potential 'issues'.....

its completely BS that broker is playing a game against you, you probably only had a good streak of winners and that should be the reason why you were profitable that time....

1. they cant move the market, no possible with brokers size, so dont think they hunt your stoploss - only maybe some manipulation with price feed but i dont know how this works (i suppose every broker may have some difference(little) with their price feeds) - but if you are not having 5 pips stoploss it should not be very important for you

2. why would they do that?????? there is no reason or benefit for them to make you losing, because the more you trade more money they can make on spreads, its just big machinery matching orders, hedging and making money on spreads, so more you trade better for them....

And probably they have done some screening of their traders and they should have their HFT spread machines set according to it, like for example no much needs to hedge consistently losing trader's positions....but opposite for profitable ones....hedging and maybe even playing the same direction

That's fairly obvious.

Hey Ryder.

This thread was supposed to go on the brokers session but the mods decided to move it here.

Unfortunately the model here on FF don't let you even try to reason with the mods. You find threads so off topics on other sessions and they keep going because the thread starter has being here for a while meaning "politics", so go figure!

Now about those people that came here just to mock. Well they are unprofitable traders so their brokers don't give them a hard time.

The tactics brokers use to rip you off got discussed a lot of time before and they just can't get it because they don't see it happening with them.

Well I use to think the same way my first 3 years with oanda. If you lose or break even the broker has no reason to bother you.

Now when my account started to grow considerably, I was faced with platform instabilities that made trade almost impossible. I was scalping for 10 or 20 pips by the time.

So I adjusted my system to work in the range of 30 to 50 pips and thats when they kicked me out. I got a email about a "irregularity" with my account, docs missing or something. I emailed back asking for details and the next thing I got was a check on the mail with my account full amount.

They gave all my money ( including profits) back though.

lol, yeah that would be it! We're really all eccentric billionaires just trading for something to do.


'Or something'? What, you don't remember?

Here, this is for you.....

I was thinking more on the lines of a "9 to 5 stuck in a dead end job" amateur forex trader, who offers no threat for his broker. Actually that feeds liquidity to their brokers



No, I don't remember what bs they came up with. I'm no longer with them so it actually does not matter.

There's no 'threat' either way, they're just facilitating my trading activities is all and I'm paying for that service, seems like a mutually agreeable arrangement to me.


Hmmm.....

Well, did anyone know which online trading broker is good for choosing, please leave your message here, many thanks.

Instead of wasting time here pipmutt why you don't post something productive about what brokers can improve?

But I guess you don't have problems with your broker, right?

As soon as you start to get really profitable ( if you ever do) you will start to understand posters like me.

None to speak of, no not really, nothing I can't compensate for anyway. If I did then I'd find another brøker or find another market to trade, seems fairly simple and straightforward to me.


Something productive? What, you want me to suggest ways a brøker can help a client be more productive, is that what you're asking me to do?


I see. Anyway, 'really' is a relative term, for example someone could consider they're 'really profitable' returning 20% a year on a $100 account with Oanda for instance.


No I think I understand your mentality just fine thanks.

So now that the trolls calmed down a little maybe we can follow on a more productive talk.

I really believe sometime in the near future some smart people at some broker out there will realize that they can make more money being honest and straight forward with their costumers offering different levels of products for different kind of traders.

The "newbie customer" is usually under capitalized so they need the maximum leverage and small spread possible. This kind of model don't leave too much room for the broker to make money so, stop hunting, spikes, platform instability, less than perfect customer service etc are "acceptable" since the brokers has to cut costs on servers, personal etc.

I would never blame a broker for offering this kind of cheap entry level service as long as they advertise it as it is. Not as a premium service as most of them do currently.

They ( the broker) should allow no more than 5 to 10 grand in this accounts since newbies will probably blow it learning how to trade. It would be fair so they don't blow their lifesaving gambling.

They should come up with a model just for scalpers.

Another model for people that want to trade the news. I don't trade news events but I believe that a good idea for the ones who trade it is the "bet" scheme.

On this scheme people would be able to place trades up to 5 minutes ( or what ever time the broker chooses) before the news. than the platform would be close for trades and would re open 5 or 10 minutes after the news.

This way the broker would have time to hedge and match orders and the trader with the right bets would be able to profit from it.

I believe this to be a more fair model than what goes right now.

Than the traders like me that aim for 30 to 50 pips move would pay more for peace of mind in a rock solid platform via higher spreads and commissions.

I'm trading now my main account with the second most expensive broker in america, and in the beginning all was wonderful. lately some platform issues got me worried so I'm keeping my secondary broker so i can hedge and protect my gains.

If things don't change in the near future I'm gonna be forced to split my account among 4 or 5 brokers and trade smaller on each of them.

For God's sake, this thread is going nowhere! I only want to say that the significant problem I would be aware of my Broker is not about if they "stop hunt" me, give me a God damned slippage or freeze & requote often (it's not recote, but requote), but if they will give me my money if I want to withdraw it by a large chunk or not, and when my account got to six digit I would also aware about their availability to give liquidity to me to open and close my position.

Why? because the rest of it is just how the market structure works. My broker is the facilitator of my deal, they give me liquidity & even in illiquid market they maintain their risk balance by hedging to upper tier to give me liquidity, how good is that?

There are no such stop hunting by a broker, they just don't give a damn care about my position compared to their risk profile. If someone trading & deny that fact just to find a perfect broker, it's just a daydream. If someone got hunted or got huge slippage it's because they are fool enough to execute market order on the vacuum condition at the other side of skewing liquidity profile, that's all.

What we really need are pure ECN for smaller trader, that is, under $10,000 on hand. Does anyone out there in FX land know of any?
The one I am using now still has 1.5-2 pip spread AND charges commissions.

They are all bad!
No hope!
FXcube

The problem I see is the "bucket shop" mentality/culture. Thats a die hard one because is still lucrative.

Thats why I think the first broker to see the opportunity will crash the competition.

Again I don't believe in "one size fits all" model. Brokers should offer differentiated products and let the customers vote with their money.