Forex Trading In The Bucket Shops Forex Factory

I used to work at one of the largest retail FX (forex) dealing desks, basically a bucket shop operation, AMA

So, I've seen a lot of people recommending failed investors/traders to start trading forex instead of stocks/futures/bonds. Having worked at one of the largest dealers, I can tell you that this is a huge mistake. 25% of the time I was trading the firm's money, while 75% of the time I was tasked with figuring out which clients we could bet against and which clients we should target to attempt to reverse engineer their strategies. AMA
submitted by fxdealer to IAmA [link] [comments]

What happend?

What happend?
Hi guys,
I've been trading for 4 years now and i have not witnessed what I'm seeing right now on my Metatrader 4. I'm watching GBPCHF as it creates the right shoulder for the inverted head & shoulders and I have a massive sell on as the market closed for the weekend. However; on every other broker this price is no where to be seen.
AxiTrader chart via Metatrader

Look at the attachments....can anyone explain this?
Oanda Chart via Tradingview
submitted by Snoo_37754 to Forex [link] [comments]


I want to start trading stocks and I'm looking for full service brokers, ICICI Direct vs HDFC Securities, which is better ? I don't have any experience with trading securities but I have been trading crypto currency (successfully) for about 6 months. Do both these banks offer 3in1 accounts ? which one is better. I would like to know about their trading platform and banks also. Please share your opinions and let me know if there is are better options available.
I also had some bad experience while trading forex, oprions and US CFDs with a popular foreign brokerage firm that turned out to be a bucket shop manipulating the trading platform and prices to make me lose money. So I don't care if I have to pay higher fees and charges but I want good reliable broker who offers good service and doesn't cheat - this is my first priority.
submitted by Plip_Plip_ to IndiaSpeaks [link] [comments]

Can I use infinite leverage to short the pound?

I'm not here to learn, just tell me the bare minimum I need to do to make money off Brexit. I'm looking to create another Black Wednesday.
open letter to George Soros requesting collateral
To George Soros, King of the Jews, Soros Fund Management, Jerusalem
I started trading options several hours ago, and plan to weaponize my asperger's and short the english economy. Unfortunately, my job as a sandwich artist gives me very little in the way of collateral.
Given your absolute control of governments and the media, I was wondering if you could spot me several million dollars.
Coocoo4Seppuku, Wallstreetbets, Wework headquarters
Let me know what you think
submitted by CooCoo4Seppuku to wallstreetbets [link] [comments]


I want to start trading stocks and I'm looking for full service brokers, ICICI Direct vs HDFC Securities, which is better ? I don't have any experience with trading securities but I have been trading crypto currency (successfully) for about 6 months. Do both these banks offer 3in1 accounts ? which one is better. I would like to know about their trading platform and banks also. Please share your opinions and let me know if there is are better options available.
I also had some bad experience while trading forex, oprions and US CFDs with a popular foreign brokerage firm that turned out to be a bucket shop manipulating the trading platform and prices to make me lose money. So I don't care if I have to pay higher fees and charges but I want good reliable broker who offers good service and doesn't cheat - this is my first priority.
submitted by Plip_Plip_ to india [link] [comments]

Broker advice needed

I use to trade on 1Broker but then they shutdown. 1Broker provided:
I am looking to use another broker and need some advice.
I looked at whaleclub and simplefx which are both bucket shops but I frequently see user complaints against them which makes me wary. There is also okcoin, bitmex, and bitfinex but they only offer cryptos.
I am thinking of using a USD denominated traditional broker now like Interactive Brokers. I assume I could get my required leverage through options trading. They offer plenty of products. However, I heard their API is subpar. And I am not sure if I need to get my data independently from them or not.
What are your thoughts?
submitted by SatoshiReport to algotrading [link] [comments]

Any Legit BTC Exchanges Accepting US Customers and Offering Decent Leverage?

I am looking all over the internet for a reputable bitcoin exchange accepting U.S. residents and offering ~10x leverage. I would like to day trade bitcoin like one would trade spot forex and make money off smaller fluctuations in price. I came across and liked the demo, but upon further research on reddit discovered it is a bucket shop and many people had a bad experience, having trades voided. I am open to a crypto exchange, or forex broker—so long as they meet said requirements. I am only trying to trade with a couple thousand dollars max—I do not have the kind of money necessary laying around to day trade BTC futures with Interactive Brokers or anything like that unfortunately. Perhaps what I am asking for is impossible at this point in time, but any suggestions would be greatly appreciated, including any workarounds. Thanks.
submitted by jleg094 to Bitcoin [link] [comments]

About the BITEX.ONE

About the BITEX.ONE
The use of cryptocurrency is spreading fast among business communities around the world. One niche with great potential for cryptocurrency use is the market of traditional tradable assets of foreign currencies, shares, bonds, interest rates and minerals.
As soon as the right regulations on blockchain are put in place, traders will be able to use cryptocurrencies such as bitcoin to trade assets. The doors will be wide open for institutional investors, international manufacturers and merchants to start using cryptocurrencies for transactions. Paying for delivered products with cryptocurrencies will greatly reduce transaction expenses since the system is fast, secure and free of additional fees. These qualities will enable buyers and sellers in these markets to guard against risk and save a little cash.
You can imagine the asset demand the use of cryptocurrency in the stock markets would create. The volume of speculation and hedging operations of traders will grow significantly. Combined with high-frequency robots and trading algorithms that help perform transactions faster and more accurately, the market volumes and the income of trading platforms is bound to skyrocket.
Market analysis
As per the Bank for International Settlements (BIS) over the counter derivatives were traded for a whopping $632.5 trillion in 2012. In the same year, traditional exchange markets garnered $52.5 trillion. When the two are compared, the former made 92% of the global derivative market while the latter only made 8%.
For comparison
According to WTO,
· Global commodity trade made: $18.255 trillion in 2011, $18.323 trillion in 2012,
· Service trade made: $4.2433 trillion in 2011 and $4.4232 trillion in 2012
These values are still way behind the derivative market trade volumes.
What are the challenges?
Delving into the asset markets with cryptocurrencies as a means of trade comes with a few challenges. For one, it is difficult for private persons with small investments to access these markets. And even if you were a big corporation, there is currently no opportunity to trade with exchange asset derivative instruments that are expressed in cryptocurrencies (Bitcoin, Ethereum, Litecoin.)
How Traditional Stock exchanges work
Trading is carried out with the use of fiat currencies and is performed through brokers. The brokers work for huge corporations hence the high expenses and large volumes of transactions. The volume of one trade at exchange markets with the real delivery of currency on the second working day could make up to about $5 million.
On the other hand, the cost of one conversion transaction makes from $60 to $300. On top of these costs, a trader could spend up to $6000 a month for interbank information and trading terminal. This is obviously not conducive for small-scale traders.
In order to curb the high costs of trade, two American stock exchanges, CBOE and CME introduced trade with futures for BTC at the end of 2017. The only problem is that they impose high requirements on the lot size. Another challenge is that futures at these stock exchanges are calculated and not delivered hence trade participants cannot actually buy BTC.
Curbstone brokers
Curbstone brokers or otherwise known as ‘bucket shops’ are forex brokers who offer clients small transactions without registering them with the interbank market. The brokers act as an opposite side in a transaction which means that the client's profit turns out to be the broker’s loss, and the client's loss - into broker's profit. This conflict of interest has resulted in brokers manipulating charts to make transactions of their clients unprofitable. Bucket shops do not publish reports on transactions, which makes activities of such brokers non-transparent.
Of late, many of them have begun offering trade with cryptocurrencies. It makes trading flexible but not ethical and trustworthy as it is with the traditional stock exchanges.
As a matter of fact, this lack of trust in curbstone brokership has led to their ban in some countries where they are considered fraudulent.
So what is the solution?
Cryptocurrencies have enabled ordinary people and investors to save and grow their money discreetly away from unfair control or seizure by state regulatory bodies. The use of cryptocurrency in the blockchain network is a powerful expression of freedom that should be spread across all trading platforms.
In this regard, we believe in the development of future exchange asset derivative instruments that make use of the available cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other high-liquid cryptocurrencies.
This will make bull or bear traditional assets widely accessible to professionals and beginning traders. More importantly, there will be lower transaction fees about 0.05% when compared to spot exchanges (Bitfinex, Binance, Kraken, and Poloniex) that charge in the range of 0.1 to 2%.
BlTEX.ONE is one such innovative trading platform that allows for international trading with assets expressed in cryptocurrencies with a transparent transaction system for the customers. It also has anti-fraud prevention measures to guard against chart manipulations.
The platform allows traders to increase their Bitcoins by speculating on the changes in the price of accessible traditional exchange assets such as the dollar, the euro, gold, oil, beans, cocoa or share indexes.
Our greatest mission is to bring the usage of blockchain and cryptocurrencies into the trading arena. We believe that the creation and functioning of the BITEX.ONE platform for trading with futures on traditional assets would achieve this.
The growing popularity of cryptocurrencies in many developing countries will soon provide them with a legitimate status through effective legislation. When this plane takes off, we want to be ready with an elaborate platform for institutional investors to use cryptocurrencies as investment instruments. Working with futures on traditional assets will create an opportunity for investors to make substantial profit for their customers.
submitted by Bitex1 to u/Bitex1 [link] [comments]

Worrying ICOs of Spot Option and IQ Option WARNING

Hi I am glad icocrypto exists because as a crypto trader and a big enthusiast I want to do my part to keep this space clean. I have been observing a worrying trend that I wanted to share my opinion on and alert fellow investors and traders on giving real hard facts that could save us all, collectively, a lot of money and emotional pain. There are some major fraudsters, conmen and scam artists that are soon looking to ICO and not 1 dollar of the crypto currency communities money should be given to them ESPECIALLY after the STOX ICO which later was exposed as a scam. Read here for those who missed it:
Around 9 months ago I lost a friend. He was around my age and also a consultant to one of my fledgeling businesses in the Quebec region. At first I thought it was some hoax or prank but he had mentioned to me about some personal problems he was going through during our working relationship. Little did I know the situation was far darker and serious than he had led on, otherwise I would have helped. I am talking about Fred Turbide who killed himself in his garage leaving behind a sad and bankrupt family. He was lied to and cheated out of his live savings by an Israeli binary options company called 23Traders. You can read the whole story here none of this is made up
Based on my research 23Traders is a brand of Spot Option, an Israeli company that owns 70 percent of the binary option trading market. The founders of this company known as Pini Peter and Oren Shabat and some guy called Semi Vahap, have been indicted for fraud/money laundering and their subsidiary brands like Banc De Binary (one of the biggest binary option scams that was ejected from USA and shut down). You can read about this in their OWN WIKIPEDIA page:
For those who were taken in by the STOX ICO scam where they swindled around 30 million dollars from crypto investors, you will never see any return on that share again. STOX as the reddit thread i have posted above proves, is basically the same team of ANY OPTION another SPOT OPTION brokerage. ANY OPTION has scammed thousands of clients, been fined repeatedly and was "bought out" yeah right. They rebranded to and ICO'd a company that has no real traffic, lying about their figures.
Having dabbled in binary options before, I knew it was a fun way to trade where one could make a lot of money but after my broker IQ option (I will talk a little bit more about them later in this post because they are planning to ICO!) decided to lock me out and deny me my wins, that is where i knew I was dealing with a sinister set of people. To my dismay, since I hang out at Forex Peace Army which helps keeps traders like me alert for new scams, I found out that these Isreali binary scam brokers are now looking to ICO so they can pull off a giant scam only this time with THE PUBLIC'S MONEY!.
Spot Option is the first one that is looking to ICO and then I found out today that IQ Option, the company that stole my deposit and regularly stops traders from being awarded their RIGHTFUL gains and wins, is also looking to do an ICO.
Here is the truth about IQ Option: They pay hundreds of people including their employees to write good reviews including affiliates who write fake 5 star reviews. The truth however is very dark you can read it here
and most importantly, Forex Peace Army which actively hunts down these bucket shops paints a very different reality. You will see in this post that there are hundreds of threads of customer complaints of outright denial of withdrawals, manipulation of price data and even threats issued by this company to clients: Only the problem is you don't find these reviews on page 1 or 2 of google so easily so many people get duped. If you know where to look, you can easily find them and the truth emerges.
Before Spot Option and IQ option type of brokers entered binary options actually it was fun and fair and regulated brokers existed but these firms completely destroyed everything by greed and praying upon the hope of the desperate. Do not fuel their intentions or fall prey to their lies. I have so much evidence if any one has questions I will post more.
Please DO NOT give these scammers any money, they have already swindled millions from poor people around the world and now want to use the "lack of information" in the crypto currency about what really went on in the binary options space to create scarcity value and try and hype up their scam. Please post here your responses. I am not promoting anything here I just don't want these leeches to steal any more money.
submitted by danpirrung to icocrypto [link] [comments]

Looking For Help!

Hello reddit forex community. I have been trading with for about 4 months now. I have been trading binary for about 2-3 months off and on (This was a year ago). Over this time period I have accumulated some questions that the Google could not answer (Due to all the advertisements and bucket shops, and me being lazy to dig further).
  1. How long did it take you guys to make a profit in trading? What was your experience and how did you do it? ( not asking for strategies, I am asking for steps, mentality, and what you did to get where you are.)
  2. Over that past few months, I feel like trading is alot of gambling; Is that because I am new at it? Do professional traders feel the same way?
  3. I am currently using but recently I have set a stop loss, and the market moved so quickly that I loss a good amount of money, which questions my future with this broker. What brokers/platform do you guys use? What platform or way of trading do the big guys (people moving a ton of money) use? Do they use the same platforms as us commoners?
  4. Last question I currently have, Would you say trading experience and learning how to trade plateau over time? If someone were to spend 5 years of screen time without help from others, would he be able to turn a profit (given that he had the money and sustainability to just sit in front of charts all day)?
This is my first post ever, I wanna thank everyone who has the time to answer in advance. Thank you.
submitted by DemiGocl to Forex [link] [comments]

Top brokers accessible to Canadians?

Hey all, I'm looking for a forex broker that offers moderately high leverage that is accessible to Canadians. I was looking at instaforex but they seem like too much of a bucket shop for my liking. Any suggestions are appreciated.
submitted by Adog353 to Forex [link] [comments]

I made 3 Insane CHEESEBURGER Recipes  GugaFoods - YouTube Why trading stock market over cryptocurrency and forex 3 trucos de Identifying Forex Scam from Brokers (mobile friendly) The Bucket Shop Five Great Movies Every Trader Should See - YouTube Forex Scams Exposed: Insane slippage, unfair order ... How To Know When A Stock Is A Pump and Dump - YouTube

Forex bucket shops are brokerage firms that have “questionable” trading practices such as unusually frequent price misquotes or reqoutes, slippage only favorable to the broker, and stop hunting. Have you ever seen Boiler Room? Aww come on, don’t tell me you missed Ben Affleck’s legendary speech about money?! “They say money can’t buy happiness? Look at the smile on my face. Ear to ... Bucket shops are not brokers, whose job it is to match buyer and seller. Bucket shops make their money on commissions and also when prices go against the client. In older days in equities, the bucket shop might have a large position in the securities the customers are betting on, in which case they can move the market against the customer. Bucket shops offer margin loans. Again, in older days ... In a simple sentence, forex bucket shops are brokerage firms that have “questionable” trading practices such as unnecessary frequent delays in order execution, frequent price misquotes or re-quotes, and frequent price slippages that are only favorable to the broker. How Do These Bucket Shops work? The name bucket shop comes from brokers back in 60's who used to put their clients’ phone ... The article discusses the stock "bucket shops" that existed at the time (early 20th century), but I had to laugh at the similarities between these early bucket shops and the forex "brokers" we trade with today. I've put my comments in italics. See if you note any similarities. Stock Trading in Bucket Shops Jesse Livermore's Early Trading Career Where have you heard about bucket shops? As it has become an all-purpose derogatory term for fringe financial-services operations, it is unlikely that you will have been able, as an investor, to avoid hearing about them in one context or another. Financial media may warn you away from one or other 'bucket shop'. What you need to know about bucket shops. The Supreme Court ruling in Gatewood ... 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. it doesn't take long, usually less than a month. That's OK, because it was only $250, and you get payed every ... Bucket Shops dealing in Stocks and Commodity Futures thrived in the US until the 1920’s when government action began to clamp down on them. These days the remaining Bucket Shops tend to operate from offshore secrecy centres, with Forex having become one of the primary product offerings. FX Bucket Shops. As Forex is a global interbank market, the definition of what makes a brokerage a Bucket ...

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I made 3 Insane CHEESEBURGER Recipes GugaFoods - YouTube

Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) by AwarenessForex. AwarenessForex: 7:31. IronFX Worldwide Super Scam - Victims Story HD by Scam Buster ... Here are my note typed out in the video about the new global stock market view Forex - bucket shop brokers are corrupt Crypto - steep bear market 24000 USA s... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7 minutes, 31 seconds. AwarenessForex. 3 years ago; 1,616 views; For Chinese IBs and clients affected by ... Mas allá de lo más evidente aquí te hablo de 3 grandes trucos que tienen en su chistera muchos "brokers" (bucket shops sería más apropiado) para endosarse legalmente el dinero de sus clientes ... On my quest to find the best CHEESEBURGER in the world I actually found 3. The for obvious reason I put them against each-other. On this video I show you my ... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7:31. AwarenessForex 1,591 views. 7:31. Best FX Trading Strategies (THE Top Strategy for Forex Trading) - ... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7:31. AwarenessForex Recommended for you. 7:31. The Fred Dibnah Story Episode 1 Beginnings - Duration: 28 ... 01:14 Industry insider exposes bucket shop mindset email screenshot 02:05 VD plugin explanation 02:48 never seen delays over 2 seconds with most other brokers 03:33 screenshot of XeMarkets ... 🔴 Subscribe for more free Stock Trading tips: of my favorite ... Feb. 10 (Bloomberg) -- Film critic Phillip Bergson discusses the five films every trader should see. He speaks on Bloomberg Television's "First Up." (Source:...