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Virtual Dealer Plugin - Brokers Please read

  • #41
  • Jan 9, 2012 10:47pm Jan 9, 2012 10:47pm
http://thepiratebay.org/torrent/6943545
Bulls are stupid Animals!especially when Im short!
  • #42
  • Apr 8, 2012 8:57pm Apr 8, 2012 8:57pm
Make me wonder if stocks, commodity and futures brokers use virtual dealer(or something similar)!
Have a nice day! I hope everything is going well for you!
  • #43
  • Apr 8, 2012 9:44pm Apr 8, 2012 9:44pm
They all use variants of it, virtual dealer is just what it's called for the MT4 platform.

You can obviously and easily trade around it so it doesn't even effect you, or at least to a very small degree so just goes down to running costs.
My comments are not to be taken as trading advice, not a financial advisor
  • #44
  • Apr 9, 2012 12:41pm Apr 9, 2012 12:41pm
Quoting Titan Trader
Make me wonder if stocks, commodity and futures brokers use virtual dealer(or something similar)!
no they won't, stocks and commoditys are traded on regulated exchanges,
forex is not, so no need to worry.
Bulls are stupid Animals!especially when Im short!
  • #45
  • Apr 9, 2012 1:07pm Apr 9, 2012 1:07pm
Quoting billv
So if I understand you guys correctly the MT4 platform is the problem as it allows this particular MT4 plugin and a dealer who provides different trading software is ok?
we know that mt4 is used in shady inviroments and it it possible to scam clients, thats a fact, but there are no certanty that every broker using mt4 will cheat you, no, we just know that it's possible, and it has been proven that many brokers does it, so we should be suspicious and check those brokers and keeping a close eye on them if we still decide to use them, so is other brokers not using mt4 all legit and honest? probably not, they can code anything into their platforms, specially their own developed softwares, but they are not all bad, but atleast there is no proof against the none mt4 brokers, so maybe thats a better choise, this is only for forex, the forex is totally unregulated so it's posible to do a little bit as they wan't. allways use regulated large brokers registred with a proven regulator body.
then you have a better chance finding the good ones, the ones that cheat usually not stay around for long
Bulls are stupid Animals!especially when Im short!
  • #46
  • Apr 9, 2012 4:35pm Apr 9, 2012 4:35pm
I have come to this VDP a long time ago when I was just starting a forex. I have found that most broker is using this plug in in their MT4 server even what so called ECN, STP, etc.

I knew last year some brokers have been fined by NFA for using this plug in but still it is part of their business to include the plug in. It is an expensive plug in but can bring a huge profit in the broker's side.

If you trade using a web or stand alone trading paltform and without using MT4, you do not have to worry about VDP.

I have tried to trick the VDP so that I can trade better of this broker trick by trading manually eventhough using MT4, avoid using EA/robot (mostly don't make profit and can be easily cheated by the broker using VDP), avoid scalping (with no proper knowledge), and longer timeframe trading is the best of all.

So no need to worry about VDP. I know if you come across to this topic, usually it become very hot and intense (why I always lose). In fact, VDP will not affect a savvy trader and a longer term trader and manual trader.

If you know what features in VDP, for sure no need to worry about trading with this kind of broker that using a plug in as long as you are in the right side and has developed a consistent strategy for making profits.
  • #47
  • May 30, 2012 3:40am May 30, 2012 3:40am
Maybe the VD plug in that's being used, is not quite so effective when a Hedging tactic is applied. Could that be one of the reasons for this method to be frowned upon - I wonder?

pipdit
  • #48
  • May 30, 2012 7:06pm May 30, 2012 7:06pm
long term position trading = the only cure to VDP it's either that or stop using MT4 forever. software developed by proven criminals to steal your money, why should you use it?
Bulls are stupid Animals!especially when Im short!
  • #49
  • Jul 20, 2013 7:09pm Jul 20, 2013 7:09pm
Hello,

I think we should all get together to submit a petition to the relevant regulators to seek mandatory inclusion of the following requirements:

1) Official and Legal Declaration that no VDP(or its equivalent) is used by all non-dealing desk brokers. Random Inspection to be carried out by relevant Authorities.
2) Software vendors who are engaged by brokers to maintain or design/develop any FX http://www.forexpeacearmy.com/forex-...lossarlink.gif trading platform related project must also declare legally that the project requirement does not include any algorithms to trade against winning traders or to activate any fake price movements.
3) Employees and outsourced company Directors and employees of brokers involved in system maintenance must also legally declare to FSC(or equivalent) that they would not obey any instructions from their employer to compromise system integrity to deceive traders.
4) Every licensed broker must legally declare that they will not engage anyone with or without payment to post fake reviews on any FX forums.
5) Have an attractive reward system for whistle blowers from within the broker's organizaion, based on a percentage of the fine imposed on the guilty broker.

Alpari UK has been harping that they are FCA regulated, thus they won't play those tricks which I brought up to them.
I have video clips and I have also done some research to show that they are lying. My research is still ongoing.

The link below is a PDF file - a user-friendly analysis of what Alpari UK, like all other small bucket shops, are capable of, complete with a colored chart for ease of picturing the complete jigsaw puzzle in one piece at a glance. So do not believe that BIG=HONESTY AND TRUSTWORTHINESS!

LINK: http://www.dpherbal.com/alpari/Ratin..._Alpari-UK.pdf

And these are my video clips showing what Alpari UK did to my trades, and my pdf report.


http://www.dpherbal.com/alpari/1_Order30643544.wmv
http://www.dpherbal.com/alpari/1_Order30658677.wmv
http://www.dpherbal.com/alpari/2_Order30645479.wmv
http://www.dpherbal.com/alpari/2a_Order30659038.wmv
http://www.dpherbal.com/alpari/2b_Order30659038.wmv
http://www.dpherbal.com/alpari/3_Order30659054.wmv
http://www.dpherbal.com/alpari/4_Order30663890.wmv
http://www.dpherbal.com/alpari/ReportForFPA.pdf

By compromising their system integrity via manipulation they have also caused one of my profitable trades to completely disappear into thin air.

Brokers like Alpari UK need to be dealt with by the traders community. Even if we can find a way ourselves to get around with these unscrupulous culprits' VDP(or equivalent), let's do something also to protect the newbies and the innocent traders who are unaware.

If the regulators refused to take action, then we can find ways to make it a big news for the public. Eventually, the relevant ministries must take action. Else they will look like they are harboring scams and criminal activities.

I'm prepared to work together with any party(ies). Kindly leave your email for me to contact you, or simply express your interest to work together on this here, and I'll register a new gmail account to include in my post here.

Thanks!
  • #50
  • Jul 20, 2013 7:25pm Jul 20, 2013 7:25pm
Interesting, thanks for sharing, but you need to fix the links, not working
Bulls are stupid Animals!especially when Im short!
  • #51
  • Jul 21, 2013 12:40am Jul 21, 2013 12:40am
Quoting roughtrader
Interesting, thanks for sharing, but you need to fix the links, not working
Hi, Roughtrader.

thanks for letting me know.

I've uploaded them also to Youtube. See if they work

1. Order#30658677:
Inserted Video

1. Order#30643544:
Inserted Video

2. Order#30645479 :
Inserted Video

2a Order#30659038
Inserted Video

2b Order#30659038 http://youtu.be/6_eRNI56PA
3. Order#30659054
Inserted Video

4. Order#30663890 :
Inserted Video


As for the PDF report, I have now attached herewith on this post.

Best!
Attached File(s)
File Type: pdf RatingsFromForexbrokerz_Alpari-UK.pdf   1.7 MB | 542 downloads
  • #52
  • Jul 21, 2013 3:13am Jul 21, 2013 3:13am
I can't believe brokers like this are still operating, I haven't seen this type of plugin action for some time now, man it's bad!

The second I see any of the actions you have shared I bail out, I certainly don't place another trade with them.

Take your evidence and report them.

Have you got the videos from ECNJesus showing what a broker can do? If not I have them to submit along with your videos when you report them.
My comments are not to be taken as trading advice, not a financial advisor
  • #53
  • Jul 21, 2013 3:38am Jul 21, 2013 3:38am
Quoting pcbg007
{quote} Hi, Roughtrader. thanks for letting me know. I've uploaded them also to Youtube. See if they work 1. Order#30658677: http://youtu.be/9wbr1zd0gUU 1. Order#30643544: http://youtu.be/kiO-q8ii8T8 2. Order#30645479 : http://youtu.be/5YKRaJtBAHA 2a Order#30659038 http://youtu.be/uGhEuPFBpCc 2b Order#30659038 http://youtu.be/6_eRNI56PA 3. Order#30659054 http://youtu.be/hggAdqHmmSY 4. Order#30663890 : http://youtu.be/kGO69CXa2b4 As for the...
Hi

I am aware of vdp and completely disagree with it. But some of the videos you show have other possible reasons..... You have deviation set to zero, so on a slow connection or fast prices changes you will get requotes like that. At least one of your orders is an open, not sure how not allowing you to open a position helps the broker in any way. Context busy certainly use to be a technical issue on mt4 often need a terminal restart to clear...... The videos I have seen of vdp previously are much more bla tent. Than these which could just be Internet connection or dealer infrastructure being poor
  • #54
  • Jul 21, 2013 4:37am Jul 21, 2013 4:37am
Quote
But some of the videos you show have other possible reasons
I agree, but, you can clearly see in the data window data is flowing freely, so server to trade console data flow is fine.

Quote
You have deviation set to zero, so on a slow connection or fast prices changes you will get requotes like that
Brokers can switch off requotes all together, and orders deviation can be filled with trillions traded daily.

Quote
not sure how not allowing you to open a position helps the broker in any way
Your joking right?

Quote
Context busy certainly use to be a technical issue on mt4 often need a terminal restart to clear
Video 2 terminal restarted.
I was aware of this also and was looking for a restart which came in vid 2.

Having said what I did, pcbg007 have you tried another UK based broker and still using Meta? Did you get the same results?
My comments are not to be taken as trading advice, not a financial advisor
  • #55
  • Jul 21, 2013 5:53am Jul 21, 2013 5:53am
Quoting cogs
{quote} I agree, but, you can clearly see in the data window data is flowing freely, so server to trade console data flow is fine. {quote} Brokers can switch off requotes all together, and orders deviation can be filled with trillions traded daily. {quote} Your joking right? {quote} Video 2 terminal restarted. I was aware of this also and was looking for a restart which came in vid 2. Having said what I did, pcbg007 have you tried another UK based broker and still using Meta? Did you get the same results?

hey cogs I am not arguing just pointing out some facts and that not every mt4 problem is vdp....

Data flow of prices is completely different to data flow of a trade request, for instance a trade request will normally result in the terminal re-authenticating then negotiating the request via a live price update this takes around 500ms minimum. I have seen first hand what happens when you have either a poor connection or poor broker setup with mt4, it all appears fine until you try to trade then you get what these videos are showing.

Yes brokers can switch off re-quotes, that means you will get filled at whatever the latest price is though not necessarily the price in the order request. this is generally a feature you see with the ecn, stp brokers.

No not joking, how can expect them to manipulate your position if you don't have one?

reality is that with these problems shown the internet connection should be checked including the trace time to the mt4 servers, if that is all okay then I would just change broker, even if they are not a bad broker it implies they have a poor technical setup and/or liquidity.
  • #56
  • Jul 21, 2013 7:18am Jul 21, 2013 7:18am
Quoting cogs
I can't believe brokers like this are still operating, I haven't seen this type of plugin action for some time now, man it's bad! The second I see any of the actions you have shared I bail out, I certainly don't place another trade with them. Take your evidence and report them. Have you got the videos from ECNJesus showing what a broker can do? If not I have them to submit along with your videos when you report them.
No, Cogs. I haven't got the videos from ECNJesus. I'd surely appreciate to have them. Kindly email to me at: [email protected]

Thanks very much!
  • #57
  • Jul 21, 2013 7:29am Jul 21, 2013 7:29am
Quoting cogs
{quote} I agree, but, you can clearly see in the data window data is flowing freely, so server to trade console data flow is fine. {quote} Brokers can switch off requotes all together, and orders deviation can be filled with trillions traded daily. {quote} Your joking right? {quote} Video 2 terminal restarted. I was aware of this also and was looking for a restart which came in vid 2. Having said what I did, pcbg007 have you tried another UK based broker and still using Meta? Did you get the same results?
Please read my report too. I've mentioned that these scenario occurred only after I have many win trades consecutively for several days, and not before.

They also occurred during non-volatile period and, by the way, Singapore's Internet Connection is always excellent. Moreover, when these weird activities occurred, I checked out also with my other PCs connected to other brokers' platform at that time and found the connection working fine. So, was that co-incidence that it occurred to me? Just bad luck? Then what about similar and identical encounters experienced also by so many other 1-star and 2-star reviewers at ForexBrokerz.com? Please read that report and see how they described Alpari UK. Isn't the Writing on the Wall already?
  • #58
  • Jul 21, 2013 7:55am Jul 21, 2013 7:55am
Quoting cogs
{quote} I agree, but, you can clearly see in the data window data is flowing freely, so server to trade console data flow is fine. {quote} Brokers can switch off requotes all together, and orders deviation can be filled with trillions traded daily. {quote} Your joking right? {quote} Video 2 terminal restarted. I was aware of this also and was looking for a restart which came in vid 2. Having said what I did, pcbg007 have you tried another UK based broker and still using Meta? Did you get the same results?
No, Cogs. No more live account after that. I was then very busy with my time mostly consumed at my full-time job.
Only did some demo trading on and off.

In another findings, after I posted on FPA forum on what they did to my trades with my video clips as proofs, out of the blue, Alpapri-UK had 53 5-star reviews posted at a stretch. Out of 53, there are 52 from UK and one from Canada(that's 98% from UK!)

My findings show that there were only twenty(20) 5-stars reviewers coming from 10 different Nationalities during the previous 56 months between Sep-2007 and Apr-2012. However, out of the blue 98% of the 5-stars reviewers all from UK suddenly decided to post between May-2012 and Nov-2012(a stretch of only 5 months!). Are they real or fakes? Simple math shows that it's a sudden leap of 2,120% 5-star reviews consecutively in 5 months!

Isn't this also another Writing on the Wall of what Alpari UK is capable of?

I will also post the complete findings of this report once ready.

Best Wishes!
  • #59
  • Jul 21, 2013 2:45pm Jul 21, 2013 2:45pm
Quoting WhoDunIt
Good Morning Is there a Broker/Dealer that trades MT4 that can honestly guarantee that they do not use the Virtual Dealer Plugin?
I can guarantee that FXOpen AU doesn't use such a plugin. We don't clear any trades within the Metatrader system. MT4 is just a front end to our proprietary ECN network.
  • #60
  • Jul 22, 2013 4:37am Jul 22, 2013 4:37am
FXOjafar,

I have seen and used your service and it appears legit and typical ECN network.

Be nice if you can streamline your deposit/withdraw steps and process.

MAXDoom, I understand what you are saying.
As for positions not yet opened - 'worst possible entry' when brokers are well aware of the potential direction of the market, due to having access to more info than the average trader, and to scare you out of your position, hit your stop/break even etc. I shouldn't have to explain that one.

ECNJesus -
Inserted Video
The vids I have are 25mb and I have a sh!t internet connection at the moment. The vids I have are no longer on youtube.
My comments are not to be taken as trading advice, not a financial advisor
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