4evermaat
2nd Lieutenant
- Messages
- 2,705
Have you ever heard of a "long con"?? The broker is actually a scam artist in clever disguise. And in more developed countries, they are even able to legally scam their clients. In the same way that a casino can offer games that the odds of winning are unfavorable to the player/gambler. A broker can offer products for clients to trade and have complete control over the price feed and how they execute such trades.
So this means that the broker can create whatever trading conditions they want, and change them at any time.. And even try to invalidate trades already made. Because it is their platform, and they can attempt to make some obscure claim that you violated some condition in their terms of service.
So if their business model is "I, the broker, make a net profit if the client loses money", then they are 100% incentivized to do everything legally possible to ensure you lose.
Is that clear enough for you??
I will leave you with these two open cases to research for yourself:
Problem - Fortrade issue. My trade experience or inexperience...
Hello, i don't know lot about trading on forex but i got into it and quickly everything in my life got really messed up. I was like is this one real opportunity and if i now say no maybe i'll never get another oportunity like this. But now i know that i never should trust and do everything that...
www.forexpeacearmy.com
and
Fortrade Cheaters
About 1 year ago I opened an account with fortrade with the idea of exploring trading and to invest little by little. Being new to all this a manager from fortrade began assisting me. At first it was all high hopes for a bright future. He began assisting me real good..phoning nearly every day...
www.forexpeacearmy.com
