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AntonioRobles
Feb 20 2021 at 22:31
posts 2
Hello guys, this is my second post in the forum, thanks for letting me contribute, now there's one serious thing i've been noting since the first day i started with trading and that thing is that i've been noticing that is not good to trade with market maker brokers and the reason is because they can MANIPULATE the prices, trust me, the first day i traded i was using XM.com and guess what, i anotated my entrances, i only had 1 open position and then guess what... well at the other day i was stumbed upon they changed my entrances they modified the TAKE PROFIT, the STOP LOSS and the original entrance, the thing is that i lost the trade because they modified everything but FORTUNATELY i took a screenshot of it and told the technical support department they were doing fraud, by that point they told me they weren't doing anything of that and to keep it short they told me that was the original position (WHICH I KNOW IS NOT TRUE BECAUSE LIKE I SAID I TOOK SCREENSHOT), after that i wanted to give another try to FOREX this time i tried with a broker whose name is ICMARKETS that is an ECN broker that means that your profits are not their losses and their losses are not your profits you are trading with someone real on the market, and i highly suggest you always do this cause otherwise what happened to me could happen to you if you use a market maker broker like XM, to describe everything above in short words my best opinion for novice traders is to always trade with an ECN broker because there's always an interest lying up in the middle betwen market makers and you :)

SofieAndreasen
May 03 2021 at 21:22
posts 736
Thanks for sharing your experience. It is really helpful.

Suradi (FXOday)
May 04 2021 at 00:01
posts 209
Sometimes different trader has a different experience in the broker, maybe I am the only trader that falls in luck, I don't faced any problem like that, but yes they provide variable spread, it's mean they, not market maker because the price will be depending on liquidity provider, and spread based on the market,

yana hansen (78678676)
May 04 2021 at 14:58
posts 137
Market makers are indeed a nightmare. They profit from your losses and manipulate prices.

LyudmilLukanov
May 05 2021 at 17:43
posts 735
It is a mind game of losing and winning money.

cameronstanley
May 08 2021 at 03:53
posts 18
FXOday posted:
Sometimes different trader has a different experience in the broker, maybe I am the only trader that falls in luck, because so far since trading in FXOpen, I don't faced any problem like that, but yes they provide variable spread, it's mean they, not market maker because the price will be depending on liquidity provider, and spread based on the market,

I don’t think it is because of your luck but if you simply focus on doing your research for a broker, you won’t have to suffer.

triticieek
May 08 2021 at 07:45
posts 35
Haven’t heard of this broker before and most brokers I use provide variable spreads too. It is better to trade with them instead of running after fixed spread ones.

cameronstanley
May 10 2021 at 04:36
posts 18
triticieek posted:
Haven’t heard of this broker before and most brokers I use provide variable spreads too. It is better to trade with them instead of running after fixed spread ones.

Yes, variable spreads do provide an access to cheaper and lower transaction cost which is good for maintaining the capital.

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