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Is there such a thing as an honest broker
Feb 09, 2017 at 08:16
Anggota Sejak Feb 12, 2016
522 pos
I would say - a bit tricky question :)
If someone thinks that broker 'XYZ' is honest, fair - he will state and like the broker. Other, may had bad experience with the same broker due to delay of withdrawal, or big slippage in particular trade and etc., then he will think in opposite.
Then the true is somehow on the middle :)
If someone thinks that broker 'XYZ' is honest, fair - he will state and like the broker. Other, may had bad experience with the same broker due to delay of withdrawal, or big slippage in particular trade and etc., then he will think in opposite.
Then the true is somehow on the middle :)
Feb 09, 2017 at 08:28
Anggota Sejak Feb 22, 2011
4862 pos
BaldoN posted:
I would say - a bit tricky question :)
If someone thinks that broker 'XYZ' is honest, fair - he will state and like the broker. Other, may had bad experience with the same broker due to delay of withdrawal, or big slippage in particular trade and etc., then he will think in opposite.
Then the true is somehow on the middle :)
Well then you check FPA to see reviews of more users.
Feb 09, 2017 at 14:26
Anggota Sejak Feb 12, 2016
427 pos
I don’t think there will be an honest broker ever. You can’t tell your customers/clients everything. This is an unwritten law in every business. Even if you read a lot of reviews – you never know if they are not fake or maybe someone is hiring people to promote their services
Accept the loss as experience
forex_trader_375712
Anggota Sejak Nov 11, 2016
4 pos
Feb 27, 2017 at 14:57
Anggota Sejak Nov 11, 2016
4 pos
I agree with you! To give a definition to the trajectory of a broker should be done deep research. Not only comments but ratings, forums, news, blogs. Everything should be evaluated and weighed.
Full honesty does not exist when we are talking about money matters.
Full honesty does not exist when we are talking about money matters.
forex_trader_372845
Anggota Sejak Oct 31, 2016
36 pos
Feb 27, 2017 at 15:53
Anggota Sejak Oct 31, 2016
36 pos
Of course, today with so many complaints that are on the internet to the forex brokers surely many are afraid to deposit in any of them and they are right in part, the truth is that it is difficult to find really honest brokers. Some, even if they are not fraud, are irresponsible. With this we do not intend to discourage the investor so that he does not invest in any of them but rather motivate so that he is careful when selecting the broker where he deposited his money.
forex_trader_373781
Anggota Sejak Nov 03, 2016
20 pos
Feb 28, 2017 at 21:15
Anggota Sejak Nov 03, 2016
20 pos
proyecto posted:
Of course, today with so many complaints that are on the internet to the forex brokers surely many are afraid to deposit in any of them and they are right in part, the truth is that it is difficult to find really honest brokers. Some, even if they are not fraud, are irresponsible. With this we do not intend to discourage the investor so that he does not invest in any of them but rather motivate so that he is careful when selecting the broker where he deposited his money.
I think the main point is that you can not fall into the trap of 'blaming the other' when there is no honest broker.
Apr 21, 2017 at 05:28
Anggota Sejak Apr 18, 2017
45 pos
Of course! But, unfortunately it’s true market maker Forex brokers are available here and there, they are very active on marketing policy! So, retail traders start their trading journey with a market maker Forex broker most of the time! Regulation is one of the most important parameter here, regulated Forex brokers are honest, so invest your money after confirming the status of your broker regulation!
Apr 21, 2017 at 05:33
Anggota Sejak Apr 18, 2017
920 pos
Obviously, all of Forex brokers are not market maker, if you want to protect your trading capital from any unfortunate result then always stay with regulated Forex broker! For the reason that, only regulated type Forex brokers are able to ensure high security on traders trading capital and profit! Besides, mostly non regulated Forex brokers are scammers, so be careful on them!
Apr 21, 2017 at 10:48
Anggota Sejak Dec 11, 2015
1487 pos
There are honest brokers, though one needs to do serious research before they can be sure that the broker they’re working with is honest. When it comes to binary options brokers, however, the picture is a little different. Maybe there are some honest ones among them, but the majority seem to be shady at best, scammers at worst. Things are so bad that even the FBI issued a warning against the entire industry (https://www.forexbrokerz.com/news/FBI-Losses-from-binary-options-fraud-run-into-the-millions) and started listing the various ways in which they scam people.
Apr 28, 2017 at 11:03
Anggota Sejak Feb 02, 2017
32 pos
mlawson71 posted:
There are honest brokers, though one needs to do serious research before they can be sure that the broker they’re working with is honest. When it comes to binary options brokers, however, the picture is a little different. Maybe there are some honest ones among them, but the majority seem to be shady at best, scammers at worst. Things are so bad that even the FBI issued a warning against the entire industry (https://www.forexbrokerz.com/news/FBI-Losses-from-binary-options-fraud-run-into-the-millions) and started listing the various ways in which they scam people.
Agreed with your point! It’s sad to know that because of some scammers, the whole industry’s reputation is sabotaged. However honest brokers do exist. It just that traders need to be careful while choosing a broker.
Apr 28, 2017 at 11:51
Anggota Sejak Dec 11, 2015
1487 pos
The FCA ones seem honest, at least. Unfortunately, it turns out that the CySEC brokers aren’t nearly as honest, despite CySEC’s efforts to clean up their act. According to the French ombudsman, he majority of complaints (83%) filed at the French regulator AMF were against brokers regulated by the Cyprus Securities and Exchange Commission (CySEC). (https://smnweekly.com/2017/04/26/amf-ombudsman-83-of-complaints-in-2016-were-against-cysec-regulated-forex-brokers/) I’m disappointed, to be honest. I really thought that things at CySEC were genuinely improving.
Jun 29, 2017 at 13:37
Anggota Sejak Apr 18, 2017
920 pos
Of course! Forex trading is the number one profession, and broker is the must thing for trading! I would suggest new traders, please don’t select any trading broker based on their live trading facilities and features only! Besides, you need to know their previous activities by different blogs and forums!
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