It is true for some brokers who try every method to attract customers. Only a few customers read terms and conditions and thus fall right into the trap.

But regulated and renowned brokers, usually, dont do such things.

Who are these brokers then?

Some brokers are both Market Makers and ECN at the same time. It depends on your trading account and can be eaisly distinguished (most of the times not always) by minimum deposit.

Originally posted by megrawab

Who are these brokers then?

Some brokers are both Market Makers and ECN at the same time. It depends on your trading account and can be eaisly distinguished (most of the times not always) by minimum deposit.

 

megrawab how can it be that a Broker is market maker and run an ECN model? It's the most ridiculous concpt and internal conflict of interest I can imagine.

It's like the dietiian selling candy and chocolate cakes - it doesn't make any sense whatsoever. If their interest is for me to lose, how can I trust that my profit making strategy is not "messed with"???

Originally posted by PamLeg

megrawab how can it be that a Broker is market maker and run an ECN model? It's the most ridiculous concpt and internal conflict of interest I can imagine.

 

It's like the dietiian selling candy and chocolate cakes - it doesn't make any sense whatsoever. If their interest is for me to lose, how can I trust that my profit making strategy is not "messed with"???

 

Hi!

As I said it depends on your type of account. Try searching hybrid execution model.

Or before you start you ask them first via live chat.

I think this should have been on General discussion..

I cant remember exactly but I think it was FXCM where I read that they offer different types of accounts. One type of account was where if trader looses, they make profit. They have disclosed it very clearly that if a trader continuously makes profit then they will automatically convert his account type so that this profitability doesnt affect FXCM anymore.

I think it’s only to do with wanting clients to join their service which I believe is really bad because if any company is able to make a client join with wrong promises then they will never have the company last too long as the reputation will get hit badly. I trade only with OctaFX broker since apart from been one of the most trustworthy company they also have best cTrader platform where we never get any manipulation since this platform is especially designed that way.

Originally posted by GlennTrimble

I think it’s only to do with wanting clients to join their service which I believe is really bad because if any company is able to make a client join with wrong promises then they will never have the company last too long as the reputation will get hit badly. I trade only with OctaFX broker since apart from been one of the most trustworthy company they also have best cTrader platform where we never get any manipulation since this platform is especially designed that way.

 

Frankly speaking a good broker is one which accepts all type of traders whether it’s scalpers or long term trades and I also believe that we need to be sure about selecting a broker with good and smooth conditions because that’s what going to be the difference maker between a successful trader and a failure.

I am also working with OctaFX broker and their service is just brilliant which allows me to do whatever I want, it’s great for doing long term trading or even short term and it’s not just acting support but providing real support with their master piece offers which includes 50% bonus on deposit, it’s also available to be used in margin levels and lastly their smooth platform make it really worthy.

Originally posted by PatSymcox

 

Originally posted by GlennTrimble

 

I think it’s only to do with wanting clients to join their service which I believe is really bad because if any company is able to make a client join with wrong promises then they will never have the company last too long as the reputation will get hit badly. I trade only with OctaFX broker since apart from been one of the most trustworthy company they also have best cTrader platform where we never get any manipulation since this platform is especially designed that way.

 

 

 

Frankly speaking a good broker is one which accepts all type of traders whether it’s scalpers or long term trades and I also believe that we need to be sure about selecting a broker with good and smooth conditions because that’s what going to be the difference maker between a successful trader and a failure.

I am also working with OctaFX broker and their service is just brilliant which allows me to do whatever I want, it’s great for doing long term trading or even short term and it’s not just acting support but providing real support with their master piece offers which includes 50% bonus on deposit, it’s also available to be used in margin levels and lastly their smooth platform make it really worthy.

 

I don’t know much about market markers, it is only because I have never traded with them and my main purpose of trading is to work with a ECN company where I am able to do scalping without any trouble and I don’t believe in trusting brokers with just saying instead I like it more with one who has proven it.

That is where OctaFX broker is so powerful for all like you said, it has proven everything with their track record in which they have achieved 11 awards in just 4 years and more crucially have even won the award for best ECN broker, so that’s why I love it so much to do scalping with them, it has allowed me to be successful.