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how to know if broker lie and pretend that it is stp but it

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how to know if broker lie and pretend that it is stp but it

Postby mesi79 » Tue Dec 18, 2012 12:33 pm

some brokers say that it donot have a dealing desk but they have a dealing desk
it is not about the variable spread and fixed spread there some brokers have a variable spread and they are
market maket and have dealing desk
and it is not about regulation there is regulated broker with nfa and fsa and lie
please somebody tell me how to know the truth if the broker lie and pretend that it is not a mrket maker
and say it doesnot have a dealing desk and it is stp broker but it is really a market maker and have a dealing desk
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Re: how to know if broker lie and pretend that it is stp but

Postby Shawnmichal » Wed Dec 19, 2012 10:35 am

There is no hard and fast rules to know that broker is fraud and telling lie. However, you can use different methods to know it like following experienced traders' view regarding a broker. Forex Peace Army is a good website to know about a broker.
http://www.fx-insights.com
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Re: how to know if broker lie and pretend that it is stp but

Postby mdenamul » Fri Dec 21, 2012 12:51 pm

You don't have cast in stone rules to understand that broker is deception together with telling sit. Then again, you might use different approaches to know that like soon after suffered traders' view with regards to a broker.. Forex metal is a good website to know about a broker.
Need equities Trader to trade with our capital/ http://cbrtrade.com/
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Re: how to know if broker lie and pretend that it is stp but

Postby highway » Wed Dec 26, 2012 8:37 am

mesi79 wrote: and say it doesnot have a dealing desk and it is stp broker but it is really a market maker and have a dealing desk


There are some basic rules. You can watch how fast your broker executes orders (must be less than 1 sec), the amount of slippages and requotes (must be a tiny amount), you can watch the spread. And of course you can look at the execution of the limit orders and the stop orders.
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Re: how to know if broker lie and pretend that it is stp but

Postby Thomas012 » Thu Jan 10, 2013 7:50 am

hi
Its never easy to guess but being on the right track, dicussiong with the outcomes of how a trading broker can help as well as cheat you will give you a knowlegeable information. So before u start keep good knowledge of the trading business.

Thanks
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Re: how to know if broker lie and pretend that it is stp but

Postby adfxdt » Mon Jan 14, 2013 3:35 pm

There are many ways, first i would say that you should have an open mind to recognise it. A true STP broker will offer no stop loss and take profit restrictions. Delaing desk and market makers have either pip limit or time limit for scalping and hedging to ensure that there is profit opportunity on your trades.

You can also look at bonuses, if they offer bonus with trading equity then they can afford that by being a dealing desk broker! STP will offer rewards on a rebate basis!
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Re: how to know if broker lie and pretend that it is stp but

Postby Richard Morkel » Tue May 14, 2013 5:32 am

Choosing a broker is a big task as broker play a vital role in trading. If he pretend to lie he will not be reliable Genuine. He will give you fake offers and scheme inorder you will invest in it and lose your money. thanks to my broker "SAXfx" they never give fake hopes and promises. They are reliable,geniuine and trustworthy. They offer with ZERO spreads due to which anyone can make money in less time due to their this uniqueness they are making their position in the market. So choose you broker wisely... 8-)
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Re: how to know if broker lie and pretend that it is stp but

Postby Shawnmichal » Wed May 15, 2013 10:51 am

I think it would be easy for an experienced trader to recognize or else its only experience which makes you aware of it.
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