If skills could be acquired by watching, every dog would be a butcher. Turk
- #1
- First Post: Apr 12, 2014 7:00am Apr 12, 2014 7:00am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
- #3
- Apr 14, 2014 6:33pm Apr 14, 2014 6:33pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
- #6
- Apr 21, 2014 4:03am Apr 21, 2014 4:03am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
Iam a Trader for many years and have a lot of experience in trading and with a lot of different brokers also.
I was testing Trading 212 for a short time because it was clearly its a scam broker. Dont trade with them, any trader with some experience wil notice about the bad slippage they doin and a lot of other things like almost all the time markups or re-quotings against the client and when you now what iam talking about you wil see it fast and if not you will lose a bunch of money as a beginning trader with no experience, because that the type of trader they searchin for.
There are always some special cheating ways, that can not be tracked by the regulatory authorities.
Brokers can easily bribe the regulatory authorities and ask them to be kinder to them and close their eyes on some events.
Many of the people who work in the regulatory authorities are the brokerage companies owners, and so they know how to bypass the rules
The “regulation market” started to become hot since a few years ago, and poor traders thought that the governors have finally decided to support them against the cheating brokers, but they were wrong. There are proofs that those regulations are done by the governors who directly or indirectly own brokerage companies and make millions through them. They made the regulation rules to prevent the traders to open accounts with the offshore brokerages, so that the money stays in their own countries, and the traders become obliged to open accounts with those brokerages owned by the governors. I am sure you can guess the rest of the story…The conclusion is that “regulation” doesn’t necessarily mean that the broker can not cheat. Also not being regulated doesn’t mean that the broker cheats definitely. For some cheating brokers, “regulation” is just a tool to attract more traders to open accounts. They get regulated and registered because they have to, not because they are honest. I am not saying that all registered/regulated brokers cheat their clients. What I am saying is that don’t trust a broker just because it is regulated and registered.
There are dirty hands behind these kinds of apparently good actions (regulation). When they found out that they could make a lot of money through the traders losses, they took actions to (1) prevent the traders’ funds to leave the country, and (2) make it too difficult for the small brokerages to become registered and regulated, because (1) they wanted to keep the traders’ money in their own country, and (2) only their own brokerages become regulated, and traders can not open accounts with the other brokerages. Indeed, they created a funnel to drain the funds to their own pockets. However, people just see the surface and are not aware of what is going on behind the scene.
Its a dirty game beter know the rules...
Greets
I was testing Trading 212 for a short time because it was clearly its a scam broker. Dont trade with them, any trader with some experience wil notice about the bad slippage they doin and a lot of other things like almost all the time markups or re-quotings against the client and when you now what iam talking about you wil see it fast and if not you will lose a bunch of money as a beginning trader with no experience, because that the type of trader they searchin for.
There are always some special cheating ways, that can not be tracked by the regulatory authorities.
Brokers can easily bribe the regulatory authorities and ask them to be kinder to them and close their eyes on some events.
Many of the people who work in the regulatory authorities are the brokerage companies owners, and so they know how to bypass the rules
The “regulation market” started to become hot since a few years ago, and poor traders thought that the governors have finally decided to support them against the cheating brokers, but they were wrong. There are proofs that those regulations are done by the governors who directly or indirectly own brokerage companies and make millions through them. They made the regulation rules to prevent the traders to open accounts with the offshore brokerages, so that the money stays in their own countries, and the traders become obliged to open accounts with those brokerages owned by the governors. I am sure you can guess the rest of the story…The conclusion is that “regulation” doesn’t necessarily mean that the broker can not cheat. Also not being regulated doesn’t mean that the broker cheats definitely. For some cheating brokers, “regulation” is just a tool to attract more traders to open accounts. They get regulated and registered because they have to, not because they are honest. I am not saying that all registered/regulated brokers cheat their clients. What I am saying is that don’t trust a broker just because it is regulated and registered.
There are dirty hands behind these kinds of apparently good actions (regulation). When they found out that they could make a lot of money through the traders losses, they took actions to (1) prevent the traders’ funds to leave the country, and (2) make it too difficult for the small brokerages to become registered and regulated, because (1) they wanted to keep the traders’ money in their own country, and (2) only their own brokerages become regulated, and traders can not open accounts with the other brokerages. Indeed, they created a funnel to drain the funds to their own pockets. However, people just see the surface and are not aware of what is going on behind the scene.
Its a dirty game beter know the rules...
Greets
