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Are there brokers that benefit from it's users winning?

Discussion in 'General Forex Talk' started by MakefxProfit, Jan 28, 2012.

  1. MakefxProfit

    MakefxProfit Recruit

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    I'd like to work with a broker that actually has it in their best interest to see me succeed rather than what I have seen. A casino style Player Vs House model. I don't see why this can't be a User Vs Market model with the Broker being just that a broker a middle man to implement trades, not having a vested interest in you losing, but rather wanting you to succeed so he still has you has a client.

    I don't want to play the House, I want to play the market and market trends. I dont' want to be limited by any timeframe for trades, for example I just found out that the broker I am with has a "2 minute rule" kind of a loose rule as they use this timeframe to help them find "cheaters" saying that frequent trades made in under 2 minutes is a sign of a 'cheater' and they can nullify at their discretion any of these trades.

    So far all i see are brokers who are market manipulators who get upset when the user does the same thing they are doing.

    Does this type of Money Market exist.

    I'm shopping around for a Broker who has a good affiliate program as well.

    I didn't know that my trading style would be considered "cheating", I didn't even know my trading style was called scalping. And I'm mostly upset that what I discovered to work for me is a negative for my broker, why would they care if I can make money, it should be their goal to keep me as a client.
     
  2. jpadventure

    jpadventure Private

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    Don't accept re-quotes and don't accept any limitations to trading. Plenty brokers don't interfere.
    Don't believe the hype either, if you suspect manipulation test it, don't assume. You may be surprised.

    Concentrate on developing a winning strategy and deal with real/imagined manipulation afterwards.
    Don't expect great customer service from anyone until you've proven yourself profitable, otherwise they'll assume you'll last 5 minutes like the rest.

    For goodness sake, use a broker who is established and has plenty of reviews!
     
  3. Pharaoh

    Pharaoh Colonel

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    A true ECN or STP broker won't make gains or losses based on your gains or losses. The problem is that there are plenty of bucketshops that claim to be STP or ECN.
     

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