I will discuss how to recognize broker forex online brokers who are fraudulent and dangerous, but before I will discuss Broker forex online in passing, so you do not confuse what Broker forex online is ...
Broker forex online is indeed an interesting way to make money, and often people use broker forex online trading opportunities in the hope of getting rich quick, but is that true? does not it seem like a TYPE
The answer can be IYA can NOT, or even MORE to the deeper valleys when entered into Broker forex online Fraudsters.
Broker forex online or commonly referred to as foreign exchange or foreign exchange is a method of transactions that use the object currency as a product, ie buy or sell one currency against another, or referred to as Broker forex online Trading
From the World Bank's information, that the turnover of broker forex online transactions is so great, that USD $ 4 trillion PER HARINYA makes it more attractive than stock transactions or other, and I was also initially so acquainted with the so-called BROKER FOREX ONLINE, in hopes of getting a piece of of the super large broker forex online cake.
If you want to know more about broker forex online, in fact there is so much of this broker forex online information scattered in cyberspace, one of them like the online Broker forex online website that contains the explanation and articles broker forex online it what.
Through this medium, I do not discuss about how to make money in broker forex online trading, because this is certainly a lot of knowing even have hung life from broker forex online trading results, as I was so until today I also still a broker forex online trader, and I also once exposed to deception on broker forex online brokers who scam.
BROKER FOREX ONLINE and BROKER
Broker forex online and brokers are inseparable, and definitely related, because to be able to trade Broker forex online you need a mediator or gateway (gateway) that can connect into the broker forex online market, and the gateway is called the Broker forex online Broker. Without this broker then you can not transact in the broker forex online market.
Choosing a brokerage company must be careful, because if not jelly in choosing then can fall into the swindler brokers.
I classify the type of Broker forex online Brokers companies there are 2 main types, namely:
- Dealing Desk Broker
- Non Dealing Desk Broker
Dealing Desk Broker or Bandar Broker
It is a broker who is fighting your trading position, for example you order with BUY position, then the broker will order with SELL position, so that if you suffer losses then your money will go to brokers pocket (and vice versa), and usually this broker type will be happy if you suffer losses because it means income for the broker.
The dealing desk broker also surely does not fit the actual market conditions, but he uses the market conditions he makes himself.
How to recognize a dealing desk broker is:
- Provide Fix spread (the difference between the purchase price and the fixed currency price fixed by him / herself)
- provide funds and withdrawal of funds at a fixed price exchange rate, such as in the market the exchange rate has been Rp.13000 Rupiah exchange rate but the broker can still provide fix exchange rate Rp.10000, well that is one example of market settings that can be spelled out like he
- provide leverage or leverage up to 1: 1000 even more
- the percentage of margin level for stop out is UNDER 100% (often 0%)
- can use illegal 3rd party funds depositing media, such as unregulated payment exchangers / money changers, pay phases, bitcoins, other titles (not on behalf of the broker company) or local transfers. It is actually intended that the brokerage company can avoid tax or monitoring regulator.
- provide bonus deposits that are beyond fairness like 30% and even up to 100%, because the profit of this type of broker is not derived from the spread spread spread but rather from the results of your losses, so he would give any bonus anyway later ends of money this will go back to the pockets of the broker
- there is a limit to using certain trading techniques or forbidding Trader to close his transaction position for less than a few minutes or to be considered unlawful
Broker NON Dealing Desk
It is the opposite of 180 degrees from the Dealing Desk type brokers above, and Non Dealing Desk brokers are the best to use, because these types of brokers do not intersect with your trading results, as they are purely profitable only from the spread and sell spreads.
Be careful also with FALSU Non-Fault Desk brokers, because today many claim to be non-dealing desk brokers, but not. Below I will show you how to recognize that I get the references from some trusted sites and also based on my own personal experience that was once cheated on the scam broker.
OK, Once you know about the types of brokers above, then it's time to recognize about the swindler broker.
Broker forex online Broker Fraud
As quoted from the website of broker forex online brokers, here are the frauds that are often done by broker companies are not responsible:
- Price that does not match the market, we can compare with the price listed on bloomberg and reuters, if the price is far adrift then there is something wrong in the broker, unless there is a mistake in the broker system (if it is due to errors in the broker company then a claim may be made to the brokerage company for damages or refund of the affected funds).
- Stop Loss Hunter or Price has not been touched but already struck first, it is difficult to prove, because the difference of 3-4 points we will also be hard to prove it, because the range is still reasonable but the effect is remarkable for customers, and usually this way is often used in the type of gambling binary so that the user is defeated and hard to prove. The user can only be stunned if this happens. In this type of binary gambling is hard to compare the price, therefore they often use this trick to deceive customers to lose.
- Price and order execution between customer one with another can be difference, and this usually happened in customer who often get profit in broker.
- Never once your funds are handled by the marketing brokers, because they are craftsmen, because it was educated by the science of inconsequential analysis of the company to spend money customers. The marketing staff was also unfortunately not aware of this, so as if it had been hypnotized and brainwashed by the company that it was not his fault. And finally the customer loses money and this money goes into the pockets of the manager and the director as a commission called the commission PNL (commission profit loss), if it succeeds in making loss customers then the commission is bigger, then the rest goes also to the bag of the town and pay tribute to regulator. This is already the path of their vicious circle.
- Implementation of restricted orders, such as should not close the order less than a few minutes or so many seconds, because it will be considered invalid and order canceled. Then restricted also should not do news techniques, scalping there are even brokers that prohibit using Robot Trading. Well these things actually aim to complicate the customer so hard if for profit and eventually there was loss because of the space has been limited this movement and finally the tradenya become stiff and not good.
- Chargeable commission fees and use of inflexible lot volume, such as can only use all regular lot, and can not use micro lot 0.01, not to mention get the commission. Well this can also be fatal, because we will be difficult in managing our risk management. The goal is not not so that we are hard to find profits at the broker.
- Using trading software that is not standard, aka the broker's own makeup, well this is even more dangerous, because there is no comparison, so customers difficulty if you want to compare, usually this is found in local brokers who snooty.
- When closing profit is slowed, whereas if close loss is fast.
- Server trading deliberately made dead or stuck when we will make an order, this could be because of 3 things, which is a real error server brokernya and accidentally, market conditions that are more volatile or hectic once, or jammed it because intentional ... Well this can be proven from when we filed a claim to the brokerage company, whether replaced or not ...
NOTE: If a brokerage firm is good and trustworthy, they will surely provide compensation if we make a claim regarding the condition of the unreasonable order, provided we also provide authentic evidence and not by our own fault 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.
Broker forex online regulator
From the above matters, it is important for us a trader to choose a company that is already registered with an authorized and trustworthy regulator, such as those already registered in CFTC / NFA regulator, MFSA, FCA UK, MiFID. And according to my experience AVOID broker forex online brokers from Russia, Cyprus, New Zealand, British Virgin Island, Seychelles, Vanuatu, Ireland, St Vincent, Panama, and the like because there are so many brokering brokerage firms and there are often adverse cases customers and there is no settlement, some even to be taken away funds, including for local broker Bappebti was unfortunately he is also weak and many cases of local brokers where customers always lose.
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The Best Broker Options
The choice of brokers is dependent on each of us. If we want to trade safely and comfortably, then using the choice of a credible broker company is better.
Do not just choose a brokerage company that many ads, because the ad does not guarantee the broker is safe and credible, and I was once a victim of advertising that ultimately harm me.
So much information from me about Broker forex online Brokers Fraud, hopefully adding information for you.