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  • #141
  • Nov 13, 2016 6:20am Nov 13, 2016 6:20am
Quoting erkan123
These are the entities that can manipulates your orders in mt4 platforms and description of each entities. {image} MetaTrader 4 Server is the core of the system where all trade transactions are processed and all historical data is stored and managed.[This is where they screw you] MetaTrader 4 Manager processes trade transactions and manages traders' accounts.[This is where they screw you] MetaTrader 4 Administrator enables remote server administration, set-up of financial instruments, databases, etc.[This is where they screw you] MetaTrader 4 Data...
Learn how to trade forex, otherwise we blame brokers, MT4, platform. Some open live account without/before knowing the basics in forex.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 15.0%
  • #142
  • Edited 9:35am Nov 13, 2016 8:09am | Edited 9:35am
Quoting 9jatrader
{quote} Learn how to trade forex, otherwise we blame brokers, MT4, platform. Some open live account without/before knowing the basics in forex.
I believe you either represents brokers, Metatrader and bodies that live on the scam and deceive of traders or you are a total ignorant of what is going on in the market. Here is what is said about Forex market:


Global banks admit guilt in forex probe, fined nearly $6 billion

"Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market."]

Source:http://www.reuters.com/article/us-banks-forex-settlement-idUSKBN0O50CQ20150520

"The forex scandal (also known as the forex probe)

"The forex scandal (also known as the forex probe) is a financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $5.3 trillion-a-day foreign exchange market (forex) after Bloomberg News reported in June 2013 that currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts and pushing through trades before and during the 60-second windows when the benchmark rates are set."

for more info read the Source: https://en.wikipedia.org/wiki/Forex_scandal

Swiss Competition Body Opens Probe into Possible Forex Manipulation
" ZURICHA Swiss regulator has taken an aggressive position in what has become an international probe of possible manipulation of foreign-exchange rates among banks, by flagging a number of big lenders both in Switzerland and abroad for potential misconduct."\

for more read the source : http://www.wsj.com/articles/SB10001424052702303978304579472753042766662

Banks Manipulated Foreign Exchange in Ways You Can't Teach

["And six of the biggest banks in that market just settled charges of manipulating it, paying a total of about $4.3 billion to a bunch of regulatory agencies, with a bunch more regulators (and Barclays!) still to come. So that seems like a big deal. Bigger than Libor, even, though still a speck next to the Everest that is.... "]

for more read the source: https://www.bloomberg.com/view/articles/2014-11-12/banks-manipulated-foreign-exchange-in-ways-you-can-t-teach


JPMorgen appoligiezes for FX Market Manipulation.

Sources http://www.forexfactory.com/showthread.php?p=8282446
and the origenal site link https://www.jpmorgan.com/country/SA/...ures/fx_notice

and if you googled it you would find TONS of the articles how forex market is manipulated by either banks or brokers.
  • #143
  • Nov 13, 2016 9:56am Nov 13, 2016 9:56am
For the above mentioned reasons of banks and brokers manipulation of the market, the largest members of the European Union like Germany, France, Holland and Belgium had either banned trading the Forex and others instruments or banned their advertisement in their countries, Here are sources of article in this regards:

Belgium Bans OTC Forex, CFDs and Binary Options, Including from EU Brokers

Source: http://www.financemagnates.com/forex...om-eu-brokers/

Germany follows suit, considers ban on binary optons and forex trading

Source: http://www.forexbrokerz.com/news/ger...-forex-trading

Holland to join France in banning Forex, CFD and Binary Options advertising

http://www.leaprate.com/2016/09/holl...s-advertising/

Breaking: French Authorities to Ban Forex and Binary Options Advertisement

http://www.financemagnates.com/forex...advertisement/
  • #144
  • Nov 16, 2016 4:58am Nov 16, 2016 4:58am
Hi and sorry to go OT on a thread however I'm new and apparently can't start a new thread for a period. Nevertheless have joined to ask a question.

I'm looking for a CFD brokerage for UK retail clients which provides written statements of margin costs.

Anyone know one?

Many thanks

Jean
  • #145
  • Nov 16, 2016 5:59pm Nov 16, 2016 5:59pm
Quoting Jean1
Hi and sorry to go OT on a thread however I'm new and apparently can't start a new thread for a period. Nevertheless have joined to ask a question. I'm looking for a CFD brokerage for UK retail clients which provides written statements of margin costs. Anyone know one? Many thanks Jean
Welcome to the forum, Jean

FXCM is regulated in the UK by the FCA, and you can view the latest margin requirements in our CFD Margin Update.

Since you live in the UK, it's worth noting FXCM can offer you all the benefits of CFD trading with our tax-free* spread betting accounts.


* Spread betting is only available to residents of the UK and the Republic of Ireland. The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
  • #146
  • Nov 26, 2016 11:31pm Nov 26, 2016 11:31pm
Quoting erkan123
{quote} I believe you either represents brokers, Metatrader and bodies that live on the scam and deceive of traders or you are a total ignorant of what is going on in the market. Here is what is said about Forex market: Global banks admit guilt in forex probe, fined nearly $6 billion "Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market."] Source:http://www.reuters.com/article/us-ba...0O50CQ20150520...
I believed what you refer is that fix 30second before and after 4pm london . After the scandal regulator has changed the window into 5 minutes . It takes several bank to move the market on that 60 second window , that show how hard it is to rigged the market . It takes millions of dollars to move 1 pips especially at a crowded market where europe and usa market are open.
  • #147
  • Nov 27, 2016 11:44pm Nov 27, 2016 11:44pm
You can't have an ECN account with no slippage, that is a paradox. The closest you will get is an ECN broker that doesn't steal slippage ie it balances out. I've found Vantage's RAW ECN accounts to be very fair in this regard.
  • #148
  • Nov 29, 2016 11:28am Nov 29, 2016 11:28am
Quoting Badem
You can't have an ECN account with no slippage, that is a paradox.
  • #149
  • Nov 29, 2016 11:52am Nov 29, 2016 11:52am
Quoting asking
{quote} It takes several bank to move the market on that 60 second window , that show how hard it is to rigged the market . It takes millions of dollars to move 1 pips especially at a crowded market where europe and usa market are open.
A few hundert millions can move even EUR / USD significantly if thrown in the market the right way. Now put that in context that there are single persons with a net worth of close to 80'000 million USD. One person - even without leverage! What about banks, hedgefunds, big companies? Remeber the last flash crash in the GBP? If the shadow liquidity providers pull the plug how much liquidity is left from the real economy, that hasn't yet realized the the GBP has dropped like a stone during the last 30 sec?

You tell us that a market where 80% is purely speculative trading with no relation to the real economy, very short term oriented and highly leveraged can't be manipulated? Give me a break - just read the chat protocoll of the 4pm fix rigging and customer orders front running and you see how easy that is.

In the financial industry everything can be manipulated. The question is how easy such manipulation is detectable, because most of it is illegal. So where to hide manipulation the easiest way? In a huge, decentralized, global market with no or very little coordinated oversight?
  • #150
  • Nov 29, 2016 2:08pm Nov 29, 2016 2:08pm
Quoting HudithePfupf
{quote} A few hundert millions can move even EUR / USD significantly if thrown in the market the right way. Now put that in context that there are single persons with a net worth of close to 80'000 million USD. One person - even without leverage! What about banks, hedgefunds, big companies? Remeber the last flash crash in the GBP? If the shadow liquidity providers pull the plug how much liquidity is left from the real economy, that hasn't yet realized the the GBP has dropped like a stone during the last 30 sec? You tell us that a market where 80%...
Yes they only trade at that particular time 4pm . If they have the ability to keep profiting from market why they only trade during that particular time ? . That show they cannot guarantee a profit outside that time.
  • #151
  • Nov 30, 2016 7:53am Nov 30, 2016 7:53am
Asking,......I hope you are just about 10 years old with a lot of time to learn before beeing able to lose your hard earned money. If not you are ideal prey for the forex hunters and they will get you - for sure.
  • #152
  • Edited 7:51pm Nov 30, 2016 2:12pm | Edited 7:51pm
Quoting HudithePfupf
Asking,......I hope you are just about 10 years old with a lot of time to learn before beeing able to lose your hard earned money. If not you are ideal prey for the forex hunters and they will get you - for sure.
If you think they spend millions of dollar to just move the market to get to your stoploss then there's nothing i can say anymore . There are many profitable trader at myfxbook and if you think all of them have the expertise to hack their broker and rigged their stats then well I guess you believe what you want to believe. And if you mean forex hunters which selling system and doing seminars , well they won't get me because i question their integrity in the first place .
  • #153
  • Dec 4, 2016 6:37pm Dec 4, 2016 6:37pm
Quoting Badem
You can't have an ECN account with no slippage, that is a paradox. The closest you will get is an ECN broker that doesn't steal slippage ie it balances out. I've found Vantage's RAW ECN accounts to be very fair in this regard.
Slippage is a natural part of trading when your orders are executed by an ECN broker and as Badem has said, you are slipped in your favour as often as it goes against you.

Small accounts traded with market makers may be able to guarantee no slippage but as it isn't a true indication of the market, it isn't going to last when you start trading a larger account.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #154
  • Jan 12, 2017 3:42pm Jan 12, 2017 3:42pm
hi ,
i have been trying to identify FCA regulated STP ECN broker, Can you guide me that
how terms & conditions should look like ? i mean they claim STP ECN but smell like
Dealing desk. Can STP ECN use words "execute on behalf of client" in their terms ?
i mean i heard that they just pass or forward ?
secondly if the broker is hybrid, the trading activity will be regarded as regulated activity or not ?
Thanks
  • #155
  • Jan 13, 2017 2:34am Jan 13, 2017 2:34am
Quoting hasan12
hi , i have been trying to identify FCA regulated STP ECN broker, Can you guide me that how terms & conditions should look like ? i mean they claim STP ECN but smell like Dealing desk. Can STP ECN use words "execute on behalf of client" in their terms ? i mean i heard that they just pass or forward ? secondly if the broker is hybrid, the trading activity will be regarded as regulated activity or not ? Thanks
This website can be helpful https://www.100forexbrokers.com/fx/broker_results.php
Search for ECN/STP and DMA and FCA regulated. Rather avoid hybrid brokers. Remember that FCA lowers maximum leverage soon to 1:50.
http://www.financemagnates.com/forex...-leverage-cap/
  • #156
  • Jan 13, 2017 7:36am Jan 13, 2017 7:36am
THANK YOU insomniawaw please guide where to select DMA in th link , which drop down menu to click for DMA ?
  • #157
  • Jan 13, 2017 11:56am Jan 13, 2017 11:56am
how i can be assured that my is not using any B book against my trades ?
  • #158
  • Jan 13, 2017 1:21pm Jan 13, 2017 1:21pm
Quoting hasan12
THANK YOU insomniawaw please guide where to select DMA in th link , which drop down menu to click for DMA ?

Here you are:
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Attached Image (click to enlarge)
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How can you be sure that broker don't have b-book? I wish I know In the end broker can break agreement... Always ask broker if all trades are passed to real market.
  • #159
  • Jan 16, 2017 3:43am Jan 16, 2017 3:43am
Quoting Badem
You can't have an ECN account with no slippage, that is a paradox.
ECN ist just a means of routing orders, and has nothing to do with slippage. The real impertinence in forex is that MetaTrader-type of brokers simply ignore the slippage parameter in the MetaTrader orders. There is no IOC or FOK type of ordering. The term ECN is only meaningfully applicabe to regulated exchanges. ECNs in forex terms is just marketing BS.
Return To Disorder
  • #160
  • Jan 16, 2017 4:44am Jan 16, 2017 4:44am
Largest Forex Brokers by Volume in 2016

http://fairreporters.net/economy/lar...olume-in-2015/
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
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