The FCA issued a warning against the companies TRD Brokers and TRD Futures Group. According to the watchdog, the two are not authorized to provide financial services in the UK, but have nevertheless been targeting residents of the country. The FCA notes that being unauthorized, the companies might be actually committing share fraud – scams when fraudsters cold-call investors offering them worthless, overpriced or even non-existent shares. While they promise high returns, those who invest usually end up losing their money. The two companies share a London address and also have an address in Moscow.
{quote} ohh God, Dukascopy...genuine broker...please, kill me! Common guys, let's help him to find another genuine one or let's tell him why his post is quite lack of ingenuity!
- #314
- Jun 26, 2016 10:55am Jun 26, 2016 10:55am
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
- #318
- Edited 11:25am Jul 6, 2016 11:14am | Edited 11:25am
one of the problems is also that the software (especially MT4) is by design helping this brokers..
as example, if you place a Buy Stop .. after its been executed, there is zero proof that the order was there in the first place.
exept of a log file the software does write, but thats just a text file wich can be altered by anyone ..
just this morning i made a test for http://www.forexfactory.com/showthread.php?t=591957 (ctrader versus MT4)..
actually i wanted to compare the speed of execution .. and got this:
on mt4 the order was executed 0.2 pips late and tp was executed 0.2 pips early cutting off 0.4 pips on a 0.6 pip trade, turning a winning trade in a loss.
the log on mt4 did show the original prices .. but the order does not.
the Statement and transaction logs do not show pips as well (only money) ..
so the deign of the software is build arround dealing desks and the needs the brokers may have ..
basically a open invitation to the brokers to scalp the orders of the clients .. as there is basically no way to proof it after the orders been executed.
months ago i have seen some youtube video where the presenter did actually print all the orders he placed, and i was asking myself .. why the heck would you print every order ? .. this morning i found out why (and i did not even try to proof anything in this direction)
as example, if you place a Buy Stop .. after its been executed, there is zero proof that the order was there in the first place.
exept of a log file the software does write, but thats just a text file wich can be altered by anyone ..
just this morning i made a test for http://www.forexfactory.com/showthread.php?t=591957 (ctrader versus MT4)..
actually i wanted to compare the speed of execution .. and got this:
on mt4 the order was executed 0.2 pips late and tp was executed 0.2 pips early cutting off 0.4 pips on a 0.6 pip trade, turning a winning trade in a loss.
the log on mt4 did show the original prices .. but the order does not.
the Statement and transaction logs do not show pips as well (only money) ..
so the deign of the software is build arround dealing desks and the needs the brokers may have ..
basically a open invitation to the brokers to scalp the orders of the clients .. as there is basically no way to proof it after the orders been executed.
months ago i have seen some youtube video where the presenter did actually print all the orders he placed, and i was asking myself .. why the heck would you print every order ? .. this morning i found out why (and i did not even try to proof anything in this direction)