Many of you probably know about Anderson Copper's 360 podcast, in particular "Keeping them honest" show.
My idea is to create smth like that here, but about FX brokers.
My idea is to create smth like that here, but about FX brokers.
Could someone recommend an honest broker? 18 replies
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Mystic's "If You Can't Dazzle Them with Brilliance, Then Baffle them with Bullshit" 8 replies
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Honest answers please! Are you successful trading on Forex or not? 102 replies
DislikedSaxo Bank is a worse place to trade with..
Back in 2004-2005.. I opened an account with them with a good amount.
In 1-2 months time, my account got busted.
Reason: They do not sometimes show the actual market price, some how they manipulate it, the orders we trade, do not go to the market, they offset position themselves taking a risk on them. So they want a client to lose, so they make money.
Its a ratio like 5:1000 - out of 1000 clients 5 maybe win on trades always.. so they make more money..
I would stay away from them.. No idea right...Ignored
DislikedOk, they sent me an email with the link to SAXO Bank Best Execution Policy that 'proves their CME membership'.
http://www.saxobank.com/documents/bu..._policy_en.pdf
6.1 Clause that says ' Saxo Bank is a member of NASDAQ OMX Copenhagen and Chicago Mercantile Exchange (“CME“)'. No confirmation on CME website yet.
that's the way how they prove it
"I want to believe " but I do not buy it.Ignored
DislikedOn keeping them honest, all for it but as regards the details - how do we go about it?Ignored