The European regulator ESMA recently spent over 2 years pulling apart the big broker's business models before introducing a massive raft of new regulations specifically aimed at the protection of retail clients, they did not find systematic price manipulation and the brokers would have lost their licence's if they had. They found profits were from spreads and parallel hedging. There is a thread on '2020 the years worst brokers', I've been doing this for 10 years and I only ever heard of 2 of the brokers on that list of 16. Where on earth do people find these scammers in the first place and why on earth would anyone give them money?Yodelx90 wrote: ↑Mon Mar 09, 2020 1:02 amThere's a party that believes that brokers are profiting just off the spread. I don't cater to that belief. I use a very large, worldwide and very old broker. Don't believe in the pairing of parties. They are the counter party. They are a very well capitalized and in a very regulated jurisdiction(s).
The CFTC doesn't pay attention to the small accts. Being a market maker is enough explanation for a stop run...because there are orders there regardless. You can't tell the them they can't fill orders below even if they take the market north immediately afterwards. They are just doing their job...
Viewing the forex (commodities actually) industry with the same secular and generalized securities vantage is a mistake.
Your broker is an adversary not your friend. They have no qualms of losing accounts and they want a fresh generation of paper and they get it.