Michi,
the following example explains just one of the systematic edges against you as a retailer based on a recent CFTC ruling against FXCM. That's the reality all over the globe in this industry. Some do it blunt, some do it smarter, and some don't even care much to hide it because they are located in countries they don't even have to bother about a efficient regulator....
http://www.cftc.gov/PressRoom/PressReleases/pr7528-17
Well, FXCM is not one of the countless tiny Cypress based fraudster brokers, its the CFTC / NFA regulated FXCM, the 3rd largest forex broker by volume....
http://fairreporters.net/economy/largest-forex-brokers-by-volume-in-2015/
Understand how they did it and think further about the countless other ways how you can build a systematic edge against retailers. I could imagine a hundred ways to screw them..... so can they.
It is a systemic problem - so best for society is to implement a global marketing ban for retail forex and binary options and drain this swamp. This is underway on a global scale, with European Countries taking the lead but others to follow soon.
the following example explains just one of the systematic edges against you as a retailer based on a recent CFTC ruling against FXCM. That's the reality all over the globe in this industry. Some do it blunt, some do it smarter, and some don't even care much to hide it because they are located in countries they don't even have to bother about a efficient regulator....
http://www.cftc.gov/PressRoom/PressReleases/pr7528-17
Well, FXCM is not one of the countless tiny Cypress based fraudster brokers, its the CFTC / NFA regulated FXCM, the 3rd largest forex broker by volume....
http://fairreporters.net/economy/largest-forex-brokers-by-volume-in-2015/
Understand how they did it and think further about the countless other ways how you can build a systematic edge against retailers. I could imagine a hundred ways to screw them..... so can they.
It is a systemic problem - so best for society is to implement a global marketing ban for retail forex and binary options and drain this swamp. This is underway on a global scale, with European Countries taking the lead but others to follow soon.