Broker Complaints …Get over it! - Page 2
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Thread: Broker Complaints …Get over it!

  1. #11
    Quote Originally Posted by ;
    That lengthy explaination does not really address what people are whining about. Everybody knows extreme volatility yadaa yadaa. What people are whining about is outrageous whenever there is not any volatility, spreads. These retail brokers are 10 pips even when there is not any price movement and the spreads are a the time that is still 0-1 on the ECNs. This is occurring on even the very news events.
    Maybe the market is trying to tell you something...

  2. #12
    Got to ask anybody know??

    FXCM they make there money from the 5pip GBPUSD Spread, do they do they make money from me losing money?? If I start making ALOT is that they cancel my account?? Any experience??

    Beginning to make money slowly ( long street hello )

    Do not intend to leave to much in my account actually, and would not anticipate a spread gambling website in the first location.

    Nearly all of my profits are from a FXCM delay, and pc gamer reflex's about news times so that I like my Broker

    But on a account I am up #250 place in two months, the Spreads price me #400 easy. If I worked on 2pip GBP spreads I would be flying, but never mind

  3. #13
    Quote Originally Posted by ;
    Maybe the market is trying to tell you something...
    Well, not the market. The market has not really changed the retail brokers possess. I opened a new account this week.

    I wouldn't blame them if they were upfront about it like a casino. Basically they don't need your business if you rely cards. That is fine, I can get an account elsewhere at a snap. Who can complain about that? I get it, the retail brokers want to earn cash. That is alright. The complaints are they explain it away as volatility and everyone may look on dukascopy (or even a dozen other areas ) and the tick chart and see that spreads are remaining tight.

  4. #14
    Quote Originally Posted by ;
    That lengthy explaination does not actually address what people are whining about. Volatility yadaa yadaa is known by everyone. What people are whining about is outrageous whenever there's no volatility, spreads. These retail brokers are 10 pips when there's no price movement and the spreads are a the time that is still 0-1 about the ECNs. This is happening on the very news occasions.
    If you open an account using a large, reputable broker you'll find a fixed disperse and expertise little to no slippage.

    Should you open an account in Joe's Forex and Nail Salon and you are prepared to pay for slippage then you deserve what you get.

    Phil

  5. #15
    Quote Originally Posted by ;
    If you start an account using a large, reputable broker you will get a fixed spread and expertise little to no slippage.

    If you start an account in Joe's Forex and Nail Salon and you're willing to cover slippage then you deserve what you get.

    Phil
    Phil ! Come on down! Your the next contestant on....
    NAME THAT BROKER ! ! !

  6. #16
    I have accounts at Gain Capital and GFT Forex. No complaints about either.

  7. #17
    Quote Originally Posted by ;
    That lengthy explaination doesn't really address what folks are complaining about. Everybody knows extreme volatility yadaa yadaa. What people are complaining about is outrageous spreads whenever there isn't any volatility. These retail brokers are 10 pips even when there's not any price movement and the spreads are a still 0-1 on the ECNs the entire time. This is happening on even the very mild unimportant news events.
    Dead Keys!!

    Stick to your guns as you are right. Call it what it is. The markets are not diating those spreads, the brokers and/or their liquidity suppliers are. END OF STORY.

    I don't understand why long term or swing technical traders actually take part in this dialog. It has nothing to do with them. This slippage and extended spread conversation is only relevant for those that play volatility. All of the data players do is communiing to help each other find the best position because of their egy.

    You don't see football players trying to design tennis raquets!!!

  8. #18
    Quote Originally Posted by ;
    You do not see soccer players hoping to design tennis raquets!!!
    True, however you do not see many 50-year olds taking up soccer as a sport. Point is. . .what works one day might not work the following. When the brokers are wising up to how volatility in their liquidity supplier eats away in their profit. . .why should the deal spreads? If it keeps the birds from feeding when there isn't enough seed to go about, they then have a right to operate from the fashion.

    Let us put it this way. . .lets say you start up a retail shop that sells wrenches. If your wrench vendor raises prices. . .what do you really do? Well, in the event that you wished to stay in business, you better damned well raise your prices. Now, what do you believe that your clients are going to say about this? Well, they'll complain and try to go someplace. . .well, guess what. . .if that vendor increased prices across the board, EVERY retailer could have increased prices and you would still be competitive. So perhaps, brokers are only doing what makes economic sense for them.

    There aren't a lot of conspiracies here. . .brokers are adapting to make money. If you find a broker that has not gotten the memo yet, then trust me. . .they will in due time.

    If you want to jump brokers, that's fine. . .but that does not make it a conspiracy. Hell, it does not even make your previous broker a poor broker. It merely makes them more aggressive in the market till the rest of the market ches up.

    I am by no way loyal to any broker. . .but the something which I DO try to avoid doing, merely because I believe that it's a waste of time, is complain about the broker scenario. I will gladly accept suggestions on who is a good broker. . .but I don't see a reason to harp on a broker unless it is absolutely justified. Let us just say, the whole news/volatility/widened spreads/widened stops/slippage-thing. . .it's only SOOO 3 months past. I like hamburger's suggestion in a different thread. . .let's see what we can do to price the action in (or indicate other brokers that might be better satisfied ). However, the last thing I would like to hear is what's up with Oanda? Did anyone see those broad spreads during NFP? Or my personal-fav damn, the price totaled on FXCM during big B's address, yo, and I like completely got stop-hunted. . .FXCM stinks!! . . .no crime, because I know everyone likes to complain a bit. . .but SHITAKE MUSHROOMS folks. . .stop the insanity and find a new past time.

    Please, nobody on this thread get offended...I'm not implying anything. I only want to imply that perhaps system adjustments have to be made rather than trying to address the Poincare Conjecture-like issue of how brokers justify anything. Everybody knows its accurate, but it is quite tricky to prove with certainty. . .AND there isn't going to be a $1,000,000 prize for one to deny if you DO prove it.

  9. #19
    Mrmikal,


    You have hit the nail on the head. Your explanations were magnificent!

    If you don't like your broker, proceed into a trustworthy one. If you do not like 11 pip spreads, then visit a predetermined spread broker at which the disperse never changes. If you do not like slippage go to a greater broker with the liquidity to trade .

    If I were a broker and you're dumb enough to cover me 11 pips I wouldn't hesitate to take your cash. 90% of traders eliminate money and you're likely to cover me 11 pips? Sign me up!

    Phil

  10. #20
    Whether you've got 1 pip or 15 pips its entrance and having trained over 200 traders and trading professionaly for 16 years. You can give me any disperse and I can make money in FX. Of course the the spread the more the grip but of of the ones whom say disperse are consisently currently losing traders seeking to satisfy blame on someone instead of their inabitlites. Let us grow up about disperse and learn to trade.

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