In article 6, we highlight when you can expect to see a difference in order execution.
When do Forex Brokers Turn Bad?
If you are a small trader or are generating trading losses, every broker will be good, BUT, as soon as you make a significant profit, something dramatic will change.
The
most worrying part is that as soon as you reach these profit levels, the market
making brokers may not pay your trading profits...simple as that.
There are many stories published about
successful traders that there brokers refused to pay them. Simply search “my
broker didn't pay my profits” or “my broker is a scam” in to google
and read for yourself.
There are many more indicators
that allows us retail forex traders to understand the type of broker we are
trading with, however, by following the above, even the newest trader can
easily identify if a broker is a market maker, will trade against us and make
money when we lose!
We hope that this article has
helped you identify a true STP, ECN or DMA broker and we highly recommend that
you do not trade with a dealing desk (market maker) if you have any plans on
making profits trading forex!
Yadix has a list of reasons Why Trade With Yadix STP Broker?
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