Thread: WHC broker
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Old 03-07-2007, 08:25 AM
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jlpi jlpi is offline
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Hello Viacheslav,

I have some questions (maybe stupid) and wanted to clarify your business model.
The things I read in this thread raised questions but maybe I misunderstood some things and please correct me when I am wrong.

I understood that for Currencies you can put the orders inside the spread.
I also understood that you will not requote and that you will fill the orders.
So what happens in the following case. Let's say that it is the cable and the quote is Ask 1.9003, Bid 1.9000. I put simultenaously a buy order at 1.9001 and a sell at 1.9002. I am sure that the result will not be that I win 1 pip, but what will be the result then?

About your business model, I understood that you can offer such good conditions because it is based on the fact (or the assumption) that 90% of the traders loose their money.
Then as you will take the other side, that is the place were you make money not in the spread. Is it correct (maybe I misunderstood it, then where do you make your money?)
Have you considered that the number of 90% is also linked to the spread and that without a spread it could be lower?
Could the company have troubles if the ratio is let's say 70 - 30?

Thanks in adavance for your answers.
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