"This poses a question. Do they really manage to fund the high cost of maintaining an office, run expensive servers and pay the salaries of dozens/hundreds of staff just on a couple of pips spread on each trade? From a recent conversation with an ex-employee of such an organisation, the answer would have to be a resounding "No"."
Interesting Alan.
Assuming that the people that set up such an organisation have that same knowledge, is it then fair to assume that 'cheating' is part of their initial business plan?
LOL
Ive got no problems Ross, whats not working for you?
Billi poses an interesting question - Alan do you think it is plausible that, say people worked at a company like FXCM who didn't award positive slippage intended or not (who subsequently got caught and fined) then go onto another company, carry on those malpractices?
There has to be a probability? non?
Some share prices not available until 40m after the open.
just waiting on something. will come back to you Monday/Tuesday.
Hi Francis,
It's now Friday. Have I blinked and missed something?
Cheers,
Jim
No response from anyone.
Hi Frank,
I guess you can't believe anything anyone tells you on FX forums these days?
Cheers,
Jim
We'd all hate to think that but, according to him, they, deliberately, target, and trade against, the smaller sized accounts (under £5,000). It seems that the Financial Ombudsman won't spend much time investigating a claim of broker cheating from someone who has lost £1,000
Evidence, of this type of unethical activity, formed the basis of the NFA action against Gain Capital. For all their clients who believed that they were trading on a level playing field, that belief was shattered. I suspect that there may be other types of "trade against the client" software out there, apart from Virtual Dealer.
Open question (to myself as well as anybody else).
How can they target smaller sized accounts without it impacting the larger ones as well? I guess I'd pose the same question about stop hunting
.....buggered if I know tbh