Exposed: How Brokers Rip-off Their Clients
April 1, 2014 Updated October 18, 2023
Is your broker fleecing you?
They could be. But would you even know if they were?
Face it, it's extremely difficult to know whether your broker is playing you like a fiddle...and it is often even more difficult to know what to look out for if they are.
Just what do you need to look out for in order to catch a broker red-handed? The answer may surprise you.
The firm's main research and development office is based in Tel Aviv Israel. It originally specialized in Forex and indices spreadbetting and CFDs but has recently expanded in stock trading also. At the time of writing, eToro has 2.2 out of 5 star on Trust pilot. The comments suggest that the platform offers some impressive features but withdrawing money can be difficult. Having said that, some of the negative reviews appear to be rants rather than constructive criticism. This can be examples of traders losing money through their own recklessness rather than eToro's fault. You should therefore take this reviews with a pinch of salt. OANDA is a global financial services company providing advanced currency solutions to both retail and corporate clients all over the world. In this article, we are going to review this broker’s trading options, tools, platforms, spreads, commissions, security measures, and educational resources to help traders make the right choice. AvaTrade offers a wide variety of trading solutions (spread trading, CFDs, and social trading), and peace of mind with its comprehensive regulation, covering the EU, Australia, Canada and South Africa. Clients can use a variety of platforms for discretionary and automated trading.
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76% of retail investor accounts lose money when trading CFDs with this provider.
76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing
76% of retail investor accounts lose money when trading CFDs with this provider.
How Brokers Rip-off Their Clients
Many of the typical broker tricks discussed in this interview are not widely known. Until today. The findings in this exclusive interview from our city insider will shock you. They will reveal exactly what sneaky tricks some brokerage houses play in order to plundering their clients' trading account until the pips squeak.
You will also be shown the hidden ways some brokers manipulate the market so to ensure they will always come out on top. Yes, you will be shown exactly how brokers rip off their clients.
However, it's important to remember that some brokers are like this - NOT ALL of them. Highly ethical brokerage houses can and do exist.
Nonetheless, this is useful information so that you will be able to decide for yourself whether your brokerage is ethical or not.
Knowing just how brokers rip-off their clients will mean you will know exactly what to look out for and when. You will be able to arm yourself with the crucial knowledge for you to keep your broker accountable at all times. So that you may never again feel like you've been hung-out to dry.
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