{quote} ok seriously FXCM ??? shut up please. That brokerage company gets fined very quarter. or you pretend you don't know ? or you missed reading reply number 412 of this thread??apart from that, i can easily spot some brokers who don't meet Yunben criteria. Yunben ,any comments, where are u heading? Aussi brokerage company or Abcxyz77's ?
I think FXCM also meet the ways in which you can be defrauded. But they are fined due to slippage and they claim to hedge their clients trades (which means they don't close profitable accounts). This means they are cunning shop lifters. but forex.com seems to be more like robbers by their malicious terms. Compared with their crime nature, I think the latter is more despicable and wicked. I will wait FOS's adjudication to decide whether I should get away from FCA regulated brokers or not.
@ Abcxyz77 I ever used Oanda.sg, I think I wouldn't recommend this broker because they increase spread frequently. They try to force you not to trade at the time when actually it is good opportunity to trade.
at the bottom of http://www.forexrealm.com/brokers-reviews/
Ways in which you can be defrauded:
Stop Hunting/Running That's Immoral: Forex brokers always advice on proof-less fact that you will hardly face any stop running in this market. This fabrication is the boldest and biggest claim of them. In fact the truth of the matter is that there exists much more forex stop running than there is in futures. The stop running in this market is possibly the same as in the equity markets.
Suspicious spike: Sometimes, on the chart of a broker, there's very fast increase in candlestick when there's nothing taking place on another's chart. Indicator like stop-loss is prompted mainly to give indication of that dubious spike.
You'll be banned for winning too much: You must have heard that winning frequently in forex can cause you to be banned. Win too much and be barred in Forex, you may ask yourself. But it's true.
Leaning: Brokers claim they charge you a three-pip layout when trading the well-known pair of currencies. But the pips they are making may run into double digit figures, for example 10 or even more. He skews the price to do this. As you are not conducting your trading at an exchange, your broker can proffer you any price he wishes to.
Skewing quotation of prices: Commonly, brokers in the forex market lean prices. The broker is capable of just giving you the currency price as quoted by the bank he uses to trade. Different banks have different currency pricing structures. You will never get to know what the true real price is, in the absence of a central exchange where all prices flow through.
Mentioning FXCM has exposed your inner intentions of pushing ppl from a hole to another.