Forex Zone - Forex Forum

Cheating is usually done by a broker company

Discussion started on Forex Education

  • Full Member
  • Posts: 121
  • Points: 0
  • Likes Received: 39
  • Reputation: +0/-0

What are the fraudulent actions that are usually carried out by this brokerage company, especially those belonging to the city (including binaries as well as this game):
1. Prices that do not fit the market, we can compare the prices listed on Bloomberg and Reuters, if the price is far apart, then there is something wrong at the broker, except if there is an error in the brokerage system.
2. Stop Loss or Price has not been touched but has been struck first, indeed this is difficult to prove, because our 3-4 point difference will also be difficult to prove, because the actual range is still reasonable but the effect is extraordinary for the customer, and usually this method is often used in the type of binary gambling so that the user loses and is hard to prove.
3. Don't ever get your funds handled by the marketing broker, because they are money-making craftsmen, because they have been educated with the science of inconsequential analysis from companies to spend money on customers.
4. When the closing profit is slowed down, while close loss is fast.
5. The server is intentionally made dead or stuck when we are going to make an order, this can be due to 3 things, namely indeed the real error of the broker's server and accidentally, market conditions that are indeed very volatile or hectic, or the accident is accidental.
6. The price difference when approaching the closing point, which if we compare with some credible brokerage companies, there is a slight difference (a little but very meaningful) and this usually happens when it reaches the cruisial points that will close the profit. This is often done at brokers whose types are Digital Options, Binary Options, Betting Spreads and City Bucket Shop Brokers
If a brokerage company is good and can be trusted, they will definitely provide compensation if we submit a claim regarding the condition of the abnormal order, provided we also provide authentic evidence and not because of our own mistakes or making it up, because the broker can also check on the system whether this is indeed due to a broker system error or not.



Linkback: https://www.forex.zone/forex-education/29/cheating-is-usually-done-by-a-broker-company/1559/
#1 - February 14, 2019, 10:58:11 PM

  • Newbie
  • Posts: 27
  • Points: -10
  • Likes Received: 2
  • Reputation: +0/-0
very true as you say, because I myself feel this way, once when we order but do not want to enter our entry, then the price is delayed than the other brokers, and also more unique when a broker who runs a copytrader program, this is very dangerous once when choosing a copy of a trader at a particular broker. then you must be careful
#2 - February 15, 2019, 11:14:37 AM

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
very true as you say, because I myself feel this way, once when we order but do not want to enter our entry, then the price is delayed than the other brokers, and also more unique when a broker who runs a copytrader program, this is very dangerous once when choosing a copy of a trader at a particular broker. then you must be careful
Such forms of broker fraud need to be watched out especially for market maker brokers who can have more opportunities to rig their member orders.
#3 - February 15, 2019, 11:47:28 AM

  • Full Member
  • Posts: 128
  • Points: 0
  • Likes Received: 15
  • Reputation: +1/-0
is a normal thing that happens in the world of forex trading, sir. service manager or we know brokers really want to get profits from traders who are in control. this happens a lot and I'm sure wherever you trade you will definitely experience the same thing. which is rigged by your broker. I'm sure of that
#4 - February 15, 2019, 01:51:11 PM

  • Sr. Member
  • Posts: 324
  • Points: 0
  • Likes Received: 49
  • Reputation: +0/-2
is a normal thing that happens in the world of forex trading, sir. service manager or we know brokers really want to get profits from traders who are in control. this happens a lot and I'm sure wherever you trade you will definitely experience the same thing. which is rigged by your broker. I'm sure of that
Broker cheating if it's still relatively reasonable, I don't think it's very influential with traders. Usually these little cheats cover like requotes and hiden spreads.
#5 - February 15, 2019, 03:29:04 PM

  • Sr. Member
  • Posts: 315
  • Points: 0
  • Likes Received: 43
  • Reputation: +0/-0
What are the fraudulent actions that are usually carried out by this brokerage company, especially those belonging to the city (including binaries as well as this game):
1. Prices that do not fit the market, we can compare the prices listed on Bloomberg and Reuters, if the price is far apart, then there is something wrong at the broker, except if there is an error in the brokerage system.
2. Stop Loss or Price has not been touched but has been struck first, indeed this is difficult to prove, because our 3-4 point difference will also be difficult to prove, because the actual range is still reasonable but the effect is extraordinary for the customer, and usually this method is often used in the type of binary gambling so that the user loses and is hard to prove.
3. Don't ever get your funds handled by the marketing broker, because they are money-making craftsmen, because they have been educated with the science of inconsequential analysis from companies to spend money on customers.
4. When the closing profit is slowed down, while close loss is fast.
5. The server is intentionally made dead or stuck when we are going to make an order, this can be due to 3 things, namely indeed the real error of the broker's server and accidentally, market conditions that are indeed very volatile or hectic, or the accident is accidental.
6. The price difference when approaching the closing point, which if we compare with some credible brokerage companies, there is a slight difference (a little but very meaningful) and this usually happens when it reaches the cruisial points that will close the profit. This is often done at brokers whose types are Digital Options, Binary Options, Betting Spreads and City Bucket Shop Brokers
If a brokerage company is good and can be trusted, they will definitely provide compensation if we submit a claim regarding the condition of the abnormal order, provided we also provide authentic evidence and not because of our own mistakes or making it up, because the broker can also check on the system whether this is indeed due to a broker system error or not.
I once felt this in b * nary when I put a stoploss with a fairly far distance but when the price touched the stop stop I should still be profitable, but this is not me instead being floating min, that's what I've experienced, with that experience I became more careful about choosing the broker I used
#6 - February 15, 2019, 04:15:57 PM

  • Full Member
  • Posts: 247
  • Points: 1009
  • Likes Received: 26
  • Reputation: +0/-0
What are the fraudulent actions that are usually carried out by this brokerage company, especially those belonging to the city (including binaries as well as this game):
1. Prices that do not fit the market, we can compare the prices listed on Bloomberg and Reuters, if the price is far apart, then there is something wrong at the broker, except if there is an error in the brokerage system.
2. Stop Loss or Price has not been touched but has been struck first, indeed this is difficult to prove, because our 3-4 point difference will also be difficult to prove, because the actual range is still reasonable but the effect is extraordinary for the customer, and usually this method is often used in the type of binary gambling so that the user loses and is hard to prove.
3. Don't ever get your funds handled by the marketing broker, because they are money-making craftsmen, because they have been educated with the science of inconsequential analysis from companies to spend money on customers.
4. When the closing profit is slowed down, while close loss is fast.
5. The server is intentionally made dead or stuck when we are going to make an order, this can be due to 3 things, namely indeed the real error of the broker's server and accidentally, market conditions that are indeed very volatile or hectic, or the accident is accidental.
6. The price difference when approaching the closing point, which if we compare with some credible brokerage companies, there is a slight difference (a little but very meaningful) and this usually happens when it reaches the cruisial points that will close the profit. This is often done at brokers whose types are Digital Options, Binary Options, Betting Spreads and City Bucket Shop Brokers
If a brokerage company is good and can be trusted, they will definitely provide compensation if we submit a claim regarding the condition of the abnormal order, provided we also provide authentic evidence and not because of our own mistakes or making it up, because the broker can also check on the system whether this is indeed due to a broker system error or not.
perhaps by considering the causes of fraud brokers we need to recognize the difference between Market Maker and ECN / STP brokers

Basically, broker market makers act as bookies and seek profits by fighting the trading of their clients. They profit when you lose, and lose when you profit. Refuse, the ECN / STP broker acts as an intermediary and does not understand the position that is contrary to his client because it does not get any profit when the trader loses. In fact, the more clients who buy and develop profits in their account, the more profitable the ECN / STP broker is, identify the type of broker you are trading with me, a review of the broker so that it does not need to be harmed by fraudulent brokers.
#7 - February 15, 2019, 05:38:12 PM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
it is no longer strange if brokers are cheating, especially bro dealers, although not all city brokers are cheating.
#8 - May 24, 2019, 01:51:56 PM

  • Starter
  • Posts: 8
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0

That is why we need to look for trusted brokers who have long established so that we are not fooled.
#9 - May 24, 2019, 01:57:48 PM
« Last Edit: May 25, 2019, 12:27:26 PM by Admin »

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
do not let the broker cheat us, if we know the fraud then show the public so that the broker goes bankrupt.
#10 - May 24, 2019, 02:17:33 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
So be careful when choosing a good broker so you don't regret it later.
#11 - May 24, 2019, 04:37:04 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
fraudulent brokers usually won't last long because many customers are aware and leave the broker.
#12 - May 24, 2019, 06:36:36 PM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
many brokers are cheating so we must be careful, it's easy to detect whether the broker is cheating or not.
#13 - May 25, 2019, 02:43:08 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I have never known cheating bro like anything, except cheating about stop loss hunters.
#14 - May 25, 2019, 02:59:28 AM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
if the broker that we follow tries to cheat us and traders in general we should better act so that we don't suffer more losses, if possible report it to the relevant regulations so that the broker is acted firmly.
#15 - May 25, 2019, 08:04:16 AM

Members:

0 Members and 1 Guest are viewing this topic.