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Thanks for your input SOLID ECN LLCDear Karim S,
Unfortunately the scammers are spreading alongside with the technology growth. I hope these information help you in finding the right answer.The elaboration above may confuse readers, I will try my best to shed more lights in my future posts.
There is no such as a "scammer server"! But, there are owners/directors/shareholders with scamming policies, because they are too dumb to make their way up in the market. Unfortunately, Licensing and/regulation cannot stop a broker from fraudulence. A trading platform with its server requires to be bought from a platform provider such as MetaQuote or Spotware. The process is %100 legal. When you submit a request to create a live or a demo account, the broker receives and they do accordingly. When your account is open, the broker decides to A Book or B Book based on their internal hedge or risk policy.
To your point :
- Unfortunately, Licensing and/regulation cannot stop a broker from fraudulence.
I would say yes i agree it cannot stop fraud however I'm sure you'd agree that it certainly provides for much better accountability on behalf of the broker and their directors/shareholders to Government Laws and Enforcement of these. There are far more protections for the rights of defrauded people like me if a broker is legally licensed and regulated. In my case the broker represented themselves as being regulated in order to trick me into investing my funds with them. They shouldn't need to do this if what you say in your point that it doesn't really matter in the case of fraud. This is fraud in itself and companies like MetaQuotes who sell their software platform to criminals like this and allow them to operate and market themselves under their Company Brand so they can steal innocent people's money, indeed they do bear responsibilty as an accessory for this fraud being allowed to occur. This is certainly beyond dispute legally.