DislikedAnd finally one with hard facts. We had a customer who deposited 50k and traded it up to 350k. Of course he never got his money back, not even the deposit. Such traders would blow up the whole company. The money was away, it was spent for stuff, advertisment, fairs, cars... for example: cost for 3 days exhibition fair: 100k. Who is paying that? 5 dollar per roundturn Standard lot trader?And we had many who lost millions with a manipulating desk in Swiss. Rich Swiss who were bored. Some of them Were losing 50k every day. Then the next million next...Ignored
I think that manipulation can be a reason why retailers lose, but it is not the main reason. I mean, if you own a brokerage, why should you manipulate? Your customers lose anyway, because the mathematical odds are against them.
Forex is a losers game.