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Trade Rush as a market maker.

Discussion in 'General Forex Talk' started by Siddharth, Aug 29, 2012.

  1. Siddharth

    Siddharth Private, 1st Class

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    To protect my privacy i changed my name to Jamy.
    Since when binary option brokers become Market makers ? I mean how many people would simply fell into this trap just because some greedy broker lure them into temptation . Other day i talked to banc de binary and they claimed to buy binaries from SNB. This business is lucrative and easily attracts anyone. Can we start a thread about these binary brokers and maybe we could save somebody hard earned money.
     

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  2. Pharaoh

    Pharaoh Colonel

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    It looks like the support person wasn't well-versed in the terminology. Try phrasing the questions like this:

    Do you have liquidity providers?

    If a client makes money, where does the money come from?

    If a client loses money, does your company keep the entire loss to itself?

    How does your firm connect to the real market?
     
  3. Siddharth

    Siddharth Private, 1st Class

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    Thanks for the reply Master Pharaoh, I believe by only asking this question "is this broker regulated " answers many other questions. Here is a SS of Banc de Binary chat conversation, now which bank in this world sell binaries and offer commissions ? I can bet 1000$ that this statement is wrong and is total misguidance.
     

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    #3 Siddharth, Aug 30, 2012
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  4. Siddharth

    Siddharth Private, 1st Class

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    Another Chat transcript from Opteck, they claim to be regulated by National Bank of Switzerland. Since when National Bank of Switzerland became regulatory agency ?
     

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    #4 Siddharth, Aug 30, 2012
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  5. Pharaoh

    Pharaoh Colonel

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    Let me think about this . . . . . .

    I know. I'll create a different style of trading called 2-Way Currency Calculations. Since it's not quite the same as regulated trading, I can set up hundreds of "brokerages" and similar companies that offer this new style of trading and not have to bother with regulations. :p
     
  6. Siddharth

    Siddharth Private, 1st Class

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    ;) Is it possible to open a sticky thread only dedicated to education about binary trading ?
     
  7. Pharaoh

    Pharaoh Colonel

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    Let me send a note off to our favorite AsstMod and see what he can do.
     
  8. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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  9. Siddharth

    Siddharth Private, 1st Class

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  10. prasanna316

    prasanna316 Private

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    http://www.forexpeacearmy.com/forex...er/27001-binary-option-broker.html#post134681
     

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