Dealing Desk Manipulation

For a long time I’ve wondered about how bucket shop brokers make money to stay in the business given the intense competition in the industry and how they manage to give away those crazy bonus offers. I recently came across an article Broker Dirty Tactics Exposed by Manhattan Global Markets that talks about all the dirty tactics bucket shop brokers and dealing desk brokers use to scam money from traders. It was a shocking revelation and this article really confirmed all my fears and upset me a lot. I’m sharing this here because I feel every forex trader deserves to know the truth and make an informed decision about the right forex broker for their trading strategies.

Frankly speaking, I don’t see anyone avoiding such issues with normal brokers, so if we really wish to avoid this then we got to have broker that can be relied upon and that’s why I go with OctaFX, as they are a true ECN company which means there are no issues over slippage, manipulation, spikes or anything like that, it’s the reason why one can work with calmness with them. I have been with them for past 3 years and they have been constantly improving ever since they started up, so that’s something absolutely marvelous and gives real confidence to work under and we can start up without even investments through demo contest like Southampton Supreme, cTrader and many such contest.

Quote:

---

Originally Posted by Kaymu

For a long time I’ve wondered about how bucket shop brokers make money to stay in the business given the intense competition in the industry and how they manage to give away those crazy bonus offers. I recently came across an article Broker Dirty Tactics Exposed by Manhattan Global Markets that talks about all the dirty tactics bucket shop brokers and dealing desk brokers use to scam money from traders. It was a shocking revelation and this article really confirmed all my fears and upset me a lot. I’m sharing this here because I feel every forex trader deserves to know the truth and make an informed decision about the right forex broker for their trading strategies.

---

These companies are almost shameless even after getting exposed they still continue with their activities of scamming others. We should all unite against such scammers and fight! I have suffered from this binary options fraud, but I came trump up thanks to Winchargeback, as they are solo responsible to get me the money back especially Rebecca as she guided me through the process and it was 4 sessions that I had with them through phone each lasting probably 15-20 minutes, it was enough for them to file up right evident and make a case of it to help restore the amount! So they are definitely best way to get your money back after getting scammed!

Dealing desk is considered as the problem of broker. Trade12 is an ECN broker having no dealing desk. It having flexible high leverage like 1:400, low spread in most of their pairs, quick execution, initial deposit, no dealing desk, reqoutes and slippage are available here. There is a big opportunity specially for the scalper like they do not take any set up fees that’s why one can enjoy his exact profit from here. They also having a high security level.

No Ji trend, the problem is senseless selection of broker yours. If it was about what broker says then every broker is the best and every broker is ECN, but reality is different and that’s the problem. I am not sure how they are even reliable let alone ECN. Do you even know the regulation they got? It’s offshore company which means they can do anything and still it won’t make them sweat a bit. Anyway, it’s hard to explain things to robots. I trade with FP Markets, it’s licensed by ASIC and is an Australian operated company with also being a true ECN.