Hey, genius traders Russian territory! You deceive broker? Today I will tell about his 4-year-old trade, more precisely about the integrity of brokers, with whom I have worked all this time! The post will be very interesting, especially for those who doubt in choosing a broker! Your doubt will end!
My career as a trader began in 2008, the usual, nothing boded May day (after all, as the unpredictable twists and turns of our lives)! To be precise - 2 May 2008. That day, my hand turned the white arrow on the banner to drum up some website about forex trading. I promise to write a detailed story about the happy day, today we'll talk about something else! Since the beginning of my career I worked with only four brokers. Say it is not so, and a lot? Yes, I will agree. I also did not have the goal to work with all companies!
I do not want to advertise any of these companies, so the names do not wait, but I can say that this is one of the most famous forex brokers, the number of which tens of thousands of customers. With brokers who have clients 1000-2000 (or even less), I did not work and do not want to communicate, in this case, the risks are much higher.
Many traders believe sincerely that their brokers are deceiving! Take away all the money and do not give a profit! Horror! This often write on the forums in the form of complaints and heartbreaking stories of heart, but too impressionable I have upset as me not happened a single case of fraud! I do not deceive brokers (DC)! Maybe I was the only one or are still ahead?
So where do we take all these sad stories? A trite is simple. Traders simply do not understand the trading conditions! Remember the day when you open an account to trade with your broker! Remembered? Has anyone read the rules? His general no one opens, and it says a lot of interesting and useful information! For example, the fact that the graphics are drawn on sales prices (Bid), a buy order is opened by a little overpriced (they are called Ask). Therefore, when the level of the order schedule, the latter is not always open. It is necessary that the price went a little further. Beginners do not know such details, but ... sorry.
One more example. Some DC do not allow certain types of trading, scalping in most cases. This is stated in the governing documents. For traders, it becomes a surprise that he can not bring profit, and so on, although he did not show care and can blame only themselves. But usually it creates a topic on the forum with the title: "my broker lied to me." Once again - read the documents !!! Carefully read the documents!
Kitchens do not take your trades on a stock exchange. This is true. Most brokers are common kitchens. So what? Most traders are trading at $ 100, who needs them on the stock exchange? !!! If you have one billion $, then you are on the stock exchange at least yourself go! But what do you want with $ 50? You can normally deal with a kitchen with a few thousand dollars. I trade mainly medium-, and I do not need a supersonic speed of order execution, so I do on the drum will withdraw my deal on the interbank market or not. In my trade it has no significant effect (by the way, I told a little bit about your trading in the article: "6 methods of technical analysis that I have tried!").
Generally, if the broker is successful if he has a steady flow of customers, he earns a good commission selling advertising, training courses, etc. It is millions of dollars! Why did he have to spoil their reputation (if such available) for the sake of a few dollars? Imagine that a broker steals money, it merges the account and just live in your wallet! Who will trade with a broker? Do people not know of such violations? Of course, to know! And the influx of customers sharply cease trade turnover will be reduced, thereby lowering profits with fees and the sale of advertising - it is unprofitable broker! Why he would drown himself?
A successful broker will not deceive!
If you look at this issue from the other side, there are all the conditions to ensure that the broker cheated traders! This aspect of the legislative. For brokers there is practically no regulatory bodies, that is, they can do whatever their heart desires! And to state it has no business, unfortunately this is the case ... There are organizations such as KROUFR or RAFMM, but this organization, which is based brokers. Simply combine several brokerage firms have come up with the name and hyped themselves, no regulatory function, such organizations do not have.
The picture is not very happy, but as my heart is beating in the national body, it does not lose hope for a change for the better and not get tired to work, paying no attention to such trifles! And to be honest - you can work, but with some caution.
What should I do if I'm cheating on the broker?
If you think that the broker is cheating, please contact the support or write a complaint! I do not come across such companies, where there is no such possibility. Sometimes, there are failures, etc., in such cases, the broker will fix everything and return it relies. I had such a situation.
When choosing a broker see ratings and read reviews (only at multiple sites, with serious, as black PR is rampant on the Internet open spaces). Just look at the number of customers and the availability of licenses, if the company conducts activities in other countries (NFA, FSA and others.).
And the most important piece of advice - work with several companies! Even if one broker cheat, it will not be for you to collapse of all hope!
If a dishonest broker - change, so you do not regret!
These were my thoughts and observations about the brokerage cheats! Two days of writing this post, I sincerely hope that it is at least someone can help! In order not to miss the following positions, I invite you to subscribe to updates in the form below, so you will find all the useful information!
I do not want to advertise any of these companies, so the names do not wait, but I can say that this is one of the most famous forex brokers, the number of which tens of thousands of customers. With brokers who have clients 1000-2000 (or even less), I did not work and do not want to communicate, in this case, the risks are much higher.
Many traders believe sincerely that their brokers are deceiving! Take away all the money and do not give a profit! Horror! This often write on the forums in the form of complaints and heartbreaking stories of heart, but too impressionable I have upset as me not happened a single case of fraud! I do not deceive brokers (DC)! Maybe I was the only one or are still ahead?
So where do we take all these sad stories? A trite is simple. Traders simply do not understand the trading conditions! Remember the day when you open an account to trade with your broker! Remembered? Has anyone read the rules? His general no one opens, and it says a lot of interesting and useful information! For example, the fact that the graphics are drawn on sales prices (Bid), a buy order is opened by a little overpriced (they are called Ask). Therefore, when the level of the order schedule, the latter is not always open. It is necessary that the price went a little further. Beginners do not know such details, but ... sorry.
One more example. Some DC do not allow certain types of trading, scalping in most cases. This is stated in the governing documents. For traders, it becomes a surprise that he can not bring profit, and so on, although he did not show care and can blame only themselves. But usually it creates a topic on the forum with the title: "my broker lied to me." Once again - read the documents !!! Carefully read the documents!
Kitchens do not take your trades on a stock exchange. This is true. Most brokers are common kitchens. So what? Most traders are trading at $ 100, who needs them on the stock exchange? !!! If you have one billion $, then you are on the stock exchange at least yourself go! But what do you want with $ 50? You can normally deal with a kitchen with a few thousand dollars. I trade mainly medium-, and I do not need a supersonic speed of order execution, so I do on the drum will withdraw my deal on the interbank market or not. In my trade it has no significant effect (by the way, I told a little bit about your trading in the article: "6 methods of technical analysis that I have tried!").
Generally, if the broker is successful if he has a steady flow of customers, he earns a good commission selling advertising, training courses, etc. It is millions of dollars! Why did he have to spoil their reputation (if such available) for the sake of a few dollars? Imagine that a broker steals money, it merges the account and just live in your wallet! Who will trade with a broker? Do people not know of such violations? Of course, to know! And the influx of customers sharply cease trade turnover will be reduced, thereby lowering profits with fees and the sale of advertising - it is unprofitable broker! Why he would drown himself?
A successful broker will not deceive!
If you look at this issue from the other side, there are all the conditions to ensure that the broker cheated traders! This aspect of the legislative. For brokers there is practically no regulatory bodies, that is, they can do whatever their heart desires! And to state it has no business, unfortunately this is the case ... There are organizations such as KROUFR or RAFMM, but this organization, which is based brokers. Simply combine several brokerage firms have come up with the name and hyped themselves, no regulatory function, such organizations do not have.
The picture is not very happy, but as my heart is beating in the national body, it does not lose hope for a change for the better and not get tired to work, paying no attention to such trifles! And to be honest - you can work, but with some caution.
What should I do if I'm cheating on the broker?
If you think that the broker is cheating, please contact the support or write a complaint! I do not come across such companies, where there is no such possibility. Sometimes, there are failures, etc., in such cases, the broker will fix everything and return it relies. I had such a situation.
When choosing a broker see ratings and read reviews (only at multiple sites, with serious, as black PR is rampant on the Internet open spaces). Just look at the number of customers and the availability of licenses, if the company conducts activities in other countries (NFA, FSA and others.).
And the most important piece of advice - work with several companies! Even if one broker cheat, it will not be for you to collapse of all hope!
If a dishonest broker - change, so you do not regret!
These were my thoughts and observations about the brokerage cheats! Two days of writing this post, I sincerely hope that it is at least someone can help! In order not to miss the following positions, I invite you to subscribe to updates in the form below, so you will find all the useful information!
