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Is there such a thing as an honest broker
Feb 12, 2016 zamanından beri üye
507 iletiler
Feb 09, 2017 at 08:16
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 22, 2011 zamanından beri üye
4573 iletiler
Feb 09, 2017 at 08:27
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
Feb 22, 2011 zamanından beri üye
4573 iletiler
Feb 09, 2017 at 08:28
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 12, 2016 zamanından beri üye
394 iletiler
Feb 09, 2017 at 14:26
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
Nov 11, 2016 zamanından beri üye
4 iletiler
Feb 27, 2017 at 14:57
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
Oct 31, 2016 zamanından beri üye
36 iletiler
Feb 27, 2017 at 15:53
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
Nov 03, 2016 zamanından beri üye
20 iletiler
Feb 28, 2017 at 21:15
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.
Feb 12, 2016 zamanından beri üye
394 iletiler
Mar 03, 2017 at 07:38
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
Apr 18, 2017 zamanından beri üye
40 iletiler
Apr 21, 2017 at 05:28
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 18, 2017 zamanından beri üye
700 iletiler
Apr 21, 2017 at 05:33
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!
Dec 11, 2015 zamanından beri üye
1462 iletiler
Apr 21, 2017 at 10:48
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.
Feb 04, 2017 zamanından beri üye
10 iletiler
Apr 26, 2017 at 11:24
Check out the brokers reviews section here on MyFxbook. You can easily see the good from the bad
Apr 27, 2017 zamanından beri üye
15 iletiler
Apr 27, 2017 at 14:57
Most UK regulated brokers are honest. But stay away from any binary options broker
Feb 02, 2017 zamanından beri üye
32 iletiler
Apr 28, 2017 at 11:03
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.
Dec 11, 2015 zamanından beri üye
1462 iletiler
Apr 28, 2017 at 11:51
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.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Apr 28, 2017 at 18:45
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.
Imagine the same trade copied at the same time to different brokers.
The results do vary a lot.
Apr 18, 2017 zamanından beri üye
700 iletiler
Jun 29, 2017 at 13:37
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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