Sniping or Hunting - Sniping and hunting - or prematurely buying or selling near preset points - are shady acts committed by brokers to increase profits. Obviously, no broker admits to committing these acts, but a notion that a broker has practiced sniping or hunting is commonly believed to be true. Unfortunately, the only way to determine which brokers do this and which brokers don't is to talk to fellow traders. There is no blacklist or organization that reports such activity.
Bottom line: Talk to others in person or visit online discussion forums to find out who is an honest broker.
Strict Margin Rules - When you are trading with borrowed money, your broker has a say in how much risk you take. As such, your broker can buy or sell at its discretion, which can be a bad thing for you. Let's say you have a margin account, and your position takes a dive before rebounding to all-time highs. Well, even if you have enough cash to cover, some brokers will liquidate your position on a margin call at that low. This action on their part can cost you dearly.
Bottom line: Again, talk to others in person or visit online discussion forums to find out who the honest brokers are.
Disclaimer: Although the administrators and moderators of DigitalCashPalace.com will attempt to keep all objectionable messages off this site, it is impossible for us to review all messages. All messages express the views of the author. DigitalCashPalace does neither support, endorse nor vouch any programs and/or opportunities discussed here. We simply provide a place for discussion.
The owners of DigitalCashPalace.com reserve the right to remove, edit, move or close any content item for any reason.
Forex Forum Forex Brokers Binary Options Brokers ECN Forex Brokers Forex Bonus