Richbynature
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I was reading through details on Globex and found one of the first references that I have seen on "positions" taken by brokers actually stated by a reputable (I think) source:
http://transcripts.fxstreet.com/fil...ngfxfutures.pdf
If you scroll to page 4 of 6 a reference to wide spreads (up to 5 pips) and most noteworthy "prices are produced for the interested counterparty only". Presumably this means that a broker could control your account if you become too profitable?
Surely, if this is true, these brokers (spreadbetters only?) should be closed down or carry a warning in bold pt size 42 "We WILL take money off you"? A clear separation should be made between DAT and spreadbetting (assuming that's what this reference is to).
At least when you go to a casino there is a (small) chance that you will win. The implication here is that you are under control. Is this how you read it?
Who would you trust to work with rather than against you? IB is a name that comes up quite often.
http://transcripts.fxstreet.com/fil...ngfxfutures.pdf
If you scroll to page 4 of 6 a reference to wide spreads (up to 5 pips) and most noteworthy "prices are produced for the interested counterparty only". Presumably this means that a broker could control your account if you become too profitable?
Surely, if this is true, these brokers (spreadbetters only?) should be closed down or carry a warning in bold pt size 42 "We WILL take money off you"? A clear separation should be made between DAT and spreadbetting (assuming that's what this reference is to).
At least when you go to a casino there is a (small) chance that you will win. The implication here is that you are under control. Is this how you read it?
Who would you trust to work with rather than against you? IB is a name that comes up quite often.
