FPA, its admins and its members should understand the power that they have in bringing the corrupt brokers to book. But with power comes a lot of responsibility. Some of the traders and members are misusing that power to threaten even some good brokers so that they can make some easy money by arm-twisting the brokers.
That is why we find that most of the people who complain are those who have joined FPA just before starting the thread and just to make a complaint. Their contribution to the trading community and to the identification of good brokers and good practices is basically NIL. They are like "you give me what i want else i will post you as a scammer all over the internet and spoil your business". I trade with a few good brokers and their sales guys and tech guys have many such complaints.
Building a business, especially a genuine one, is a difficult, time-consuming and very costly affair involving the lives of hundreds of workers. The fact that it can be spoilt by just a single person posting all over the forums/FB etc. is a sad reality. I just hope that FPA and its community doesnt serve the needs of such traders/persons and isnt a party to such blackmailing. Just like how it helps to expose corrupt brokers, i believe that it should also help to identify and support good brokers. Just my 2 cents.
That is why we find that most of the people who complain are those who have joined FPA just before starting the thread and just to make a complaint. Their contribution to the trading community and to the identification of good brokers and good practices is basically NIL. They are like "you give me what i want else i will post you as a scammer all over the internet and spoil your business". I trade with a few good brokers and their sales guys and tech guys have many such complaints.
Building a business, especially a genuine one, is a difficult, time-consuming and very costly affair involving the lives of hundreds of workers. The fact that it can be spoilt by just a single person posting all over the forums/FB etc. is a sad reality. I just hope that FPA and its community doesnt serve the needs of such traders/persons and isnt a party to such blackmailing. Just like how it helps to expose corrupt brokers, i believe that it should also help to identify and support good brokers. Just my 2 cents.