Can anyone prove broker fraud?
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Thread: Can anyone prove broker fraud?

  1. #1
    I was thinking that someone who thinks that they had been a casualty of price manipulation could comparison their charts with someone else's chart (by precisely the same broker, of course.)

  2. #2
    Quote Originally Posted by ;
    I had been thinking that someone who believes that they had been a casualty of price manipulation can contrast their charts with someone else's chart (by the exact same broker, of course.)
    This is not Fraud. It is market abuse. Fraud is deceiving someone for monetary advantage. They do not stop hunt, when they do, like telling customers. Besides that, FX is not controlled, like a exchange, so there isn't any such thing as a fair price. Abuse would be quite hard to demone from the USA.

    If you want a fair price, exchange currency futures on a central trade. No such thing in spot.

  3. #3
    Because I'm a stop hunter also personally, I like things the way they are. Where would I find the things that is fantastic in liquidity times? LOL

  4. #4
    Well I was wondering if anyone can prove, through charts, the way their prices were manipulated by their own broker. It wouldn't be hard for someone to post up a chart and have yet another person post up a chart from the broker, would it? Or perhaps I am just totally mistake people's accusations...

  5. #5
    Quote Originally Posted by ;
    Personally, I like things the way they are, because I'm a stop hunter also. In low liquidity times, where would I find the stuff that is good without traders? LOL
    Stop searching, by large institutional investors, is not the same as broker-cheating, is it?

  6. #6
    Quote Originally Posted by ;
    Well, without getting into semantics, I was just wondering if anyone can prove, through charts, the way their prices have been manipulated by their broker. It wouldn't be hard for somebody to post up a chart and have yet another individual post up a contrasting chart from the broker, would it? Or maybe I am just totally mistake people's accusations....
    Yes, I do see your point, however prices are manipulated out of all brokers, since they usually create a faux price based on many feeds. The only thing I know that does not is Level 2 and also that just lists the feeds that ecn has. In the quotes.

  7. #7
    Could you elaborate with this particular price chart? I am not trying to become a smart-ass or something like that. . .but what exactly does that chart prove? What should I be looking for inside? I don't get it...

  8. #8
    I was thinking that you should be able to post up a chart that is slightly different from someone else's chart from precisely the broker.

  9. #9
    Quote Originally Posted by ;
    Can you elaborate with this particular price chart? I'm not trying to become a smart-ass or something like this. . .but what exactly does this chart prove? What should I be searching for inside? I really don't get it....
    No I do not think I wish to do that. Actually I think I will just delete the post.

    You're correct. No hard feelings.

  10. #10
    Smjones I trully appreciate you attempting to help me but I'm still striving to understand how a broker would rip someone off and get away with it. Instead I'm looking for more clarity, although I am really not trying to challenge you . When folks talk of price manipulation is that for each of the broker's clients? Or is it manipulation tailored to every customer? If it is manipulation tailored to every order, then the manipulation would be shown in a chart from precisely the broker. And if the manipulation is for all of the broker's clients, then the broker's charts must be so far away from Forex charts that the corruption should be self-evident. (I believe someone did so with Crown Forex once, but Crown Forex was broadly known to be a bucket job.)

    I recently got a buddy into Forex, and he hurried into the market with money. Naturally, he left the obvious greedy-newbie mistakes and wiped his account out in no time. Later on, I then said to him that some Forex traders feel that brokers somehow cheat, and that he was convinced that he was cheated too (he didn't think that risking 40% of his balance on one trade was a bad thing.) So that got me to thinking about the issue of broker-cheating: Just how much of it is TRUTH, and much of it is simply GRAPES?

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