Forex Trading Problems

Forex Broker Tricks – What Irregularities & Problems did you face with your Dishonest Forex Broker?

I’m seeing a lot of abnormal ‘spikes’ in my trades that I usually do.
Meant to say: ‘Spikes’ in my trades that I usually don’t see… Price action on some JPY pairs have been shocking, to say the least.

The #1 problem with forex brokers is feed manipulation & stop hunting.

This happens more with market makers (bucket shops) where you don’t get direct access to the currency market. Instead, your broker takes the opposite position on your trade and makes money while you lose.

The #2 problem is withdrawing money. Some brokers have this bad habit of issuing paper checks and blaming it on ‘postal irregularities’ when you don’t receive it.

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