Metatrader forex bucket shops

[oilfxpro]

Today the Forex bucket shops are those Forex brokers that you are dealing with on the Internet from the comfort of your own home. They offer you a free trading platform, an account that you can start with as little as $250 and up to 400/1 leverage, and they wait for you to go broke. i

Why are these Forex brokers bucket shops?

They are doing exactly what UNSCRUPOULOUS bucket shop brokers did . They are serving you a redirected price into a set of charts that they give you for free. The feeds that bring those prices into your charts are capable of being manipulated by the brokers, and they do it all the time.

There's two ways a bucket shop broker can cover his risk in the market:
he can operate a dealing desk, and trade against you.
he can manipulate the feed into his charts and trading station, and give you false price fluctuations to suit himself.

[oilfxpro]

Here Is The Plugin To Steal

[oilfxpro]

You can read about how they can steal your money and rob you blind using the plug in

MT4 Brokers' Virtual Dealer Plug-In - Forex Factory

[rnettles]

I agree with your statements about brokers taking advantage of clients by offering high leverage and very low minimum deposits, but you forgot tight fixed spreads. Being an insider myself and work for a german bank's retail fx department and have worked for FX brokers in US and Switzerland, I can say that there is a market for these types of brokers, there are many small traders that want to try forex and can't do business with myself, they need a place to hone their skills before they leave these brokers and go to a more legitimate company to trade with. I'd rather see someone try forex with 250 USD and lose trying then someone deposits 100,000 USD and lose. No one with a big deposit will ever open their account at a bucket shop. So, as long as the bucketshop is regulated, then I'm ok with them offering their services to the beginning traders to try forex. Most "bucketshop" brokers are located in offshore locations, like Cyprus, BVI, Belize, Panama, etc. which are all locations where enforced regulations are slim to none.

Where I think there should be more regulation should be on the companies that offer trading schools/courses. I've seen some of their advertisements and many of them giving people false hopes and charge alot of money to learn their losing strategies. I've been one of these people when I first got into trading and I paid 2500 to learn how to trade a certain strategy. Not only did I lose 2500, but I lost 5000 on my trading account.

[oilfxpro]

Originally Posted by rnettles

I agree with your statements about brokers taking advantage of clients by offering high leverage and very low minimum deposits, but you forgot tight fixed spreads. Being an insider myself and work for a german bank's retail fx department and have worked for FX brokers in US and Switzerland, I can say that there is a market for these types of brokers, there are many small traders that want to try forex and can't do business with myself, they need a place to hone their skills before they leave these brokers and go to a more legitimate company to trade with.

no real broker can control spreads .If goldman sachs and lehman brothers tried to manipulate spreads , they would need hank poulson to lead another bailout.

These crooked bucket shops offer fixed spreads for a reason, to hide true liquidity on their own platforms.Imagine a true picture scopyo fx spread on cable is 12 pips on bucket shop .Why would anyone open an account with scopyo bucket shop fx?

So they change the spread and fix it,and then use the zuppy fills at 2 miles away

[oilfxpro]

What is a Pure Trading Environment: In order to succeed as a trader, you need two things. First you need pure prices that are not altered to hunt your stops or alter your results. Second you need the best Institutional pricing and spreads. For example, our EURUSD spreads are usually around 1/2 pip wide during normal liquidity times (yes, you read that right, 1/2 a pip wide), and around 1 pip in other times , it's the only way to make money trading Forex, on pure quotes and razor thin spreads.


We are a counterparty to your trades. We trade against you.We stop hunt, price delay or use other predatory practices. We ourselves are too busy raping your account either directly, or in-directly by widening spreads.
We widen, move, shift, adulterate, alter or just plain mess around with quotes and spreads. What you see is what you don't get.You get no fills sometimes ,we call this bad market conditions.Period.Your funds are always held in a non regulated bucket shop.

[oilfxpro]

This is what happens when you deal with scammers

http://www.fxfisherman.com/forums/fo...investors.html

[oilfxpro]

I became IB of Instabucketshopforex and opened some accounts with them.
They were requoting, every trade I was losing at the least 15 pips to them, going straight to their pockets. I beared all this.

But then on 19th June, they did the ugliest thing on the earth.

Their server got disconnected so many times. For so long time.
Their were 6 accounts I was managing at the moment with the sizes of $4500+ collectively.

Here are the logfiles of my multiterminal -

07:34:28 IFX Trader 4.00 build 218 started

07:34:42 IFX Trader 4.00 build 218 stopped

[oilfxpro]

FX OPEN is not a SCAM

fxopen scam scum scammers - Google Search

[oilfxpro]

Originally Posted by oilfxpro

You can read about how they can steal your money and rob you blind using the plug in

MT4 Brokers' Virtual Dealer Plug-In - Forex Factory

I tink FXOPEN do not need to use dealer plug in

FxOpen - Forex Trading

Maybe they got new slippage software called @maximum slippage infliction plug in.It would be aimed at hitting clients with slippage on stop and market orders