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Is there such a thing as an honest broker

Baldo (BaldoN)
Feb 09 2017 at 08:16
522 inlägg
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 :)
vontogr (togr)
Feb 09 2017 at 08:27
4862 inlägg
mlfrx posted:
Megabot posted:
Pepperstone is in my opinion an honest broker

Good evening! you are still working with Pepperstone? Had no problems with the withdrawal of profits?

Not a single issue
vontogr (togr)
Feb 09 2017 at 08:28
4862 inlägg
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.
Tiffany (TiffanyK)
Feb 09 2017 at 14:26
427 inlägg
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
mlfrx
Feb 27 2017 at 14:57
4 inlägg
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.
Samm
proyecto
Feb 27 2017 at 15:53
36 inlägg
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.
phill
fellipefx
Feb 28 2017 at 21:15
20 inlägg
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.
Tiffany (TiffanyK)
Mar 03 2017 at 07:38
427 inlägg
mlfrx posted:
Full honesty does not exist when we are talking about money matters.

This is the quote of the day!! Really … Like 101% true
Accept the loss as experience
MeuLugar
Apr 21 2017 at 05:28
45 inlägg
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!
AniLorak
Apr 21 2017 at 05:33
920 inlägg
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!
mlawson71
Apr 21 2017 at 10:48
1487 inlägg
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.
MicTic
Apr 26 2017 at 11:24
10 inlägg
Check out the brokers reviews section here on MyFxbook. You can easily see the good from the bad
Bloomer
Apr 27 2017 at 14:57
16 inlägg
Most UK regulated brokers are honest. But stay away from any binary options broker
ema123
Apr 28 2017 at 11:03
32 inlägg
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.
mlawson71
Apr 28 2017 at 11:51
1487 inlägg
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.
vontogr (togr)
Apr 28 2017 at 18:45
4862 inlägg
As manager of clients fund I can tell you there are big difference.
Imagine the same trade copied at the same time to different brokers.
The results do vary a lot.
AniLorak
Jun 29 2017 at 13:37
920 inlägg
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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