Quote:
Originally Posted by tdion
Man, you've got a skewed perspective of reality. It is in the fine print of the contract you sign when you open that the broker "shall not be responsible for price discrepancies, mechanical failures, etc. etc."
The broker is not obligated to give you service. It is not an "equal opportunity" service, as a residential rental situation would be.
In short, the companies are required BY LAW to strive to be profitable. And if their business model requires their clients to lose for maximum profits, that is what they are "encouraged" to do. At least, that is the modern reality of things today.
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I think if the broker takes your money, it's obligated to give you service.
I do not believe because you make money the BROKER losses money, I think somebody else loses the money. Come on. The broker just brokers, it doesn't even have to trade against you to make money, it makes money on the spread. All a broker does is line up buyers and sellers it gets it's commissions.
But to be honest, I may not know as much as you do about how brokers operate. I thought they just brokered, they don't HAVE to bet against you to make money. There's trillions out there doing that. But they may want to bet against you, you know take a chance like the rest of us, but they can always rest on their commissions.