Dear Forum,
it is absurd and a complete disqualification of serious Forex Broker business what happens here. I never saw any broker discussing these things weeks and months in public. And as a so called 'international' working shop with 3 calendar girls - in absolute disqualifying English. I am 100% sure it is only 1 person and of course not 3 women. That a broker sends 3 girls talking to the public with pictures shows their way of doing business. Dubious is all I can say.
Who will see this as a serious business?? But let us talk about the facts:
Charts: the charts are coming from an external source and the real market price the broker can offer differs from that very often. This is normal and understandable if you understand Forex - and 95% of traders do not unfortunately, so most claims are due to a lack of knowledge. It is no easy market and full of risks. If the broker plays fair he will send requotes for prices he cannot fill. Even pending orders can be cancelled automatically by the broker if he cannot fill it. If it is a closed shop without any interbank connection he has to cover the loss. And this is where the problem is: Instaforex has no clue of the interbank market. And I am very sure that no bank accepts them and opens any interbank account for them. Why is this needed?
Well, you can start from the place that about 60 to 80% of trades can be handled internally, long positions cover short ones and it is only booking. The rest has to be covered by the broker's clearing on interbank. Good brokers offset their customer's positions (the rest which is not covered) with traders on their interbank access - where the real market is. You should not believe that i.e. Instaforex is a real market! They make you feel so - but it is just a casino where 95% of people lose their money. This is just a fact and it happens without any intervention of the broker. But if 5% of good traders win - this broker gets into problems. The amount of small traders losing is much less than this one time 8K profit.
Why don't they work with hedging? And what is it? Don't mix up with 'trading against customers' - indeed it has nothing to do with this. If the broker has a good risk management - and good brokers have it - they trade positions in the interbank market as collection of their customer's not covered trades.
Example: there are 50 lots collected and not covered from customer's positions in EURUSD long which are not covered with short positions. So the broker's clearing has to decide what to do. As I mentioned there are human traders, they must decide in seconds if they go with it. Let us assume they place 50 lot long and make a nice profit. From this profit the customer's profit is paid and there is always a nice more plus for the broker - IF (and it is a big IF) the broker
- has excellent traders
- has an automated risk management
- has time enough to get the profit out BEFORE the customer closes his positions - the reason for not accepted scalping style
Well - I bet not even 10% of the millions of bucket shops in Forex have any clue of this or have any access to an interbank account. These days everybody with a good machine under his desk opens a Forex shop. Indeed it needs 100,000s of USD to build up a real stable infrastructure in a datacenter server farm, not mentioned the need of years of experience with such applications. The reputation in this market is so bad that only some strange banks offer them any access - and these banks are no participants in a good interbank cyrcle. There are of course 1000s of cyrcles, each bank has some connections and cyrcles. You basically trade with the banks, but they dont make you an offer when you are jerk.
And the behaviour of Instaforex is much worse than a jerk. As I mentioned - never seen before.
Indeed the fact of cheating the customers has nothing to do with a regulation, the famous NFA never did a good job. FXLQ was the last case which cheated the customers with a non-existing bond security. The people from NFA did not even see this for years. Cheating cannot be controlled by any regulation authority. They cannot and will not check trading protocols, they simply check the books. This is a good thing to do and a reason why no forex-broker in Russia is regulated by any Russian authority - there is none. Russians don't even care what happens inside - so why care about customers from outside?
Personally I would never go with a Russian broker - and now Instaforex shows it's real face. Ugly and the PinUp girls are only mascerade. Does anybody knwo why Alpari has gone out of Russia? Well - read my text above.
I am not willing to bother you folks and I am no teacher. And I will definitely not talk to the Pirelli calendar team here :-). I found my best and serious broker - BUT - I will not name him here.
Be adviced - check the www for any message of the broker you want to join. Even Forexpeacearmy (yes - you may discuss about this jerk Felix there too :-)) is a good source as many messages are true, I found also allforexworld a good source of information, even if it is quite young. But sending a broker money without any check is financial suicide. Not the regulation is a criteria - the reputation is one. The less claims a broker has the better he is if you have in mind that most claims come from trader mistakes and it is always a good thing to make someone else responsible for any own incompetence. And check how he handles these claims - serious or with a PinUp. (Unbelievable that 3 girls have the time to write in one forum - so be sure it is one person. Most times an ugly man
)
One word to customer numbers: from 1000 customers about 600 are 10USD customers, and after 1 or 2 trades they are dead. So brokers always count their dead bodies as customers, in fact they are none. And I would not even trust any broker who pays me a bonus if I join him. This is casino mentality and unserious. Who will pay the bonus? YOU MY DEAR! With your loss :-)
Yes - Instaforex now shows exactly why is the outcome when a trader makes profit. He tries to deny this profit. One thing is ver clear - and Instaforex is correct in this: especially Iran traders like news trading, like scalping. No idea why. A good broker will explain them that this is not allowed. I know a lot of brokers which don't accept Iran traders for this reasons, not including the political situation. But taking their money and then steal their profit is a scandal. Serious would be: don't accept tham as customers!
Have a nice day - and hey Pirellies - I will not answer you, Russian women is not my favorite species.
Now you can try to shoot at me - but I am invulnerable and far away from your country - and would never ever open any accoutn with you. You are lucky in Indonesia and Malaysia, ass 99% of people there are uninformed. I hope they close you soon down.
bye bye Anna, Ekaterina and whatever 'representatives'
maybe next time with Bikini pictures?
Yours faithfully TimeToTimeTrader
, for LR deposit , how much for system charged ?
Linear Mode
