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Dealing Desk Manipulation


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For a long time I’ve wondered about how bucket shop brokers make money to stay in the business given the intense competition in the industry and how they manage to give away those crazy bonus offers. I recently came across an article Broker Dirty Tactics Exposed by Manhattan Global Markets that talks about all the dirty tactics bucket shop brokers and dealing desk brokers use to scam money from traders. It was a shocking revelation and this article really confirmed all my fears and upset me a lot. I’m sharing this here because I feel every forex trader deserves to know the truth and make an informed decision about the right forex broker for their trading strategies.

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  • 2 weeks later...

I am also ever hear about bucket shop broker, maybe will disappointed as trader they trade with dealing desk broker because if trader loss hence broker will get profit from losing trader, and if trader get profit hence broker will loss, and maybe dealing desk broker also will use software like as stop loss hunter etc to making loss trader

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It is a well-known practice for dealing desk to "play" with their own customers, we are the victim where some account would be killed faster, while the others are not for the sake of getting more investors. Basically, the profit they got is bigger if they win but if not the loss is all up to the broker, not the traders.

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Against dealing desk which acts as the market you also need to be careful, even the legal one still a big problem if you failed to manage the risk. Remember in dealing desk, there are Artificial quotes. It is public secret and anybody with prior knowledge about forex know about this issue. Most scalpers love it because of its fixed spread.

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  • 5 weeks later...

If you are afraid of dealing desks, I suggest you try ECN brokers. Trade12 offers ECN broker services which involve absolutely no dealing desks. Because of that, the order execution is faster. Less slippage and tighter spreads are also some advantages of ECN brokers. Those kinds of brokers are considered the safest in the industry. That is why most scalpers also look for ECN brokers because they aid in maximizing even very small market gains

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Actually, that is not just ECN but STP and DMA. Most of the brokers who claim they are STP and DMA and really mean it, mostly NDD. Dealing Desk is for somebody who well known that there will be a broker which act as market maker. Knowing that the manipulation could happen. It is not good for the newbie, really destructive.

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Dealing desk is pretty bad itself but after few researches, just a few of them who are well regulated and also it seems they are doing this for the sake of their survivability. The manipulation in dealing desk market is well known, you will lose your money instantly and as we know DD is the market maker, so they are the one who can control it.

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Dealing desk is pretty bad itself but after few researches, just a few of them who are well regulated and also it seems they are doing this for the sake of their survivability. The manipulation in dealing desk market is well known, you will lose your money instantly and as we know DD is the market maker, so they are the one who can control it.

Even the broker which offers dealing desk platform regulated by a strict regulator the market will be still the same. The one who controls it still the broker, so if they want to do the manipulation they can do it at will. You won't have anything instead of trying to fight against the broker which means another conflict of interest.

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Even the broker which offers dealing desk platform regulated by a strict regulator the market will be still the same. The one who controls it still the broker, so if they want to do the manipulation they can do it at will. You won't have anything instead of trying to fight against the broker which means another conflict of interest.

I quite disagree with you even I must admit that it is back to the trader once again, the regulator especially a strict, well-known, and reliable plus trustworthy regulator will lowering the chance because to be under regulatory you must pay a lot of fees and it is residual payment, not a one-time payment. So if they are trying to do something wrong, they will face double punishment. First, they lose the fee money and they will get a fine from the regulator and must pay their clients who lose their money because of their acts.

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I quite disagree with you even I must admit that it is back to the trader once again, the regulator especially a strict, well-known, and reliable plus trustworthy regulator will lowering the chance because to be under regulatory you must pay a lot of fees and it is residual payment, not a one-time payment. So if they are trying to do something wrong, they will face double punishment. First, they lose the fee money and they will get a fine from the regulator and must pay their clients who lose their money because of their acts.

It doesn't change any fact that even you have a strong-willed regulator that wants to help your cases no matter if you had one. Dealing desk manipulation could exist especially in the hand of the broker which is well-known as the bucket-shop broker. It will ruin your experience, well they may have problems later but it is not like a big deal for them too.

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  • 2 weeks later...

Who is you on that context? Broker or Traders? Well dealing desk in fact where the market is against us so conflict of interest will always exist no matter what and it is up to the broker to deal with this situation since they are the one who oversee their own market, but usually well regulated dealing desk won't do manipulation is such cleary situation.

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  • 4 weeks later...

Who is you on that context? Broker or Traders? Well dealing desk in fact where the market is against us so conflict of interest will always exist no matter what and it is up to the broker to deal with this situation since they are the one who oversee their own market, but usually well regulated dealing desk won't do manipulation is such cleary situation.

When talking about dealing desk for sure it is a conflict of interest between a broker and trader, broker here will try as the best as they can to maintain those situation into a balance, not all brokers can do that and usually only well regulated dealing desk to do that, the main thing of this dealing desk is low cost.

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When talking about dealing desk for sure it is a conflict of interest between a broker and trader, broker here will try as the best as they can to maintain those situation into a balance, not all brokers can do that and usually only well regulated dealing desk to do that, the main thing of this dealing desk is low cost.

You are talking about a so called regulated dealing desk broker. To be honest i never trade with it. The manipulation of course is exist and many traders admit it , that they keep trade in dealing desk broker/ account because of lower fees even it is manipulated account, so this manipulation for the sake of brokers too.

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You are talking about a so called regulated dealing desk broker. To be honest i never trade with it. The manipulation of course is exist and many traders admit it , that they keep trade in dealing desk broker/ account because of lower fees even it is manipulated account, so this manipulation for the sake of brokers too.

For the brokers because without that they cannot make any profit, they cannot survive, and the end of that broker itself. Dealing desk manipulation is too common in foreign exchange but to identify that directly is harder especially since we need to use real account to check if that is true or not.

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  • 2 weeks later...

For the brokers because without that they cannot make any profit, they cannot survive, and the end of that broker itself. Dealing desk manipulation is too common in foreign exchange but to identify that directly is harder especially since we need to use real account to check if that is true or not.

Lots of brokers are dealing desk hide behind the logo that they are not dealing desk broker. So i think it is better to be careful with that and mostly of them are bucketshop broker which main target is to rip the traders. Traders cannot make nice profit with this kind of broker even it has low rate.

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Lots of brokers are dealing desk hide behind the logo that they are not dealing desk broker. So i think it is better to be careful with that and mostly of them are bucketshop broker which main target is to rip the traders. Traders cannot make nice profit with this kind of broker even it has low rate.

really once we have to really try and learn diligently to master it and as long as the more profitable trading it will provide a nice amenity in order to be more profitable

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really once we have to really try and learn diligently to master it and as long as the more profitable trading it will provide a nice amenity in order to be more profitable

What do you want to learn from the manipulation of dealing desk? To manipulate others? Damn, nothing you can learn. It is all about the wits between traders and clients. You against the broker in this case. The fee is surely way lower than typical non dealing desk but the risk is that you are in the game that created by brokers, glad if that broker is not bucketshop so you still have fair chance to beat the broker.

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What do you want to learn from the manipulation of dealing desk? To manipulate others? Damn, nothing you can learn. It is all about the wits between traders and clients. You against the broker in this case. The fee is surely way lower than typical non dealing desk but the risk is that you are in the game that created by brokers, glad if that broker is not bucketshop so you still have fair chance to beat the broker.

If you want to maximize the profit by scalping, aside from your profitable strategy there are several things but one of the most important is to close the position as soon as you get reasonable profit. Small profit is what traders after for. If you have small amount of profit you can make the difference and profit is better than loss.

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I am also ever hear about bucket shop broker, maybe will disappointed as trader they trade with dealing desk broker because if trader loss hence broker will get profit from losing trader, and if trader get profit hence broker will loss, and maybe dealing desk broker also will use software like as stop loss hunter etc to making loss trader

You can say bucketshop is worst of the worst, and almost of them are dealing desk broker. One thing which makes them totally different than other is that it doesn't regulated by strict regulators, which make them easily to do that kind of manipulation against their own clients especially the one who after bigger profits.
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You can say bucketshop is worst of the worst, and almost of them are dealing desk broker. One thing which makes them totally different than other is that it doesn't regulated by strict regulators, which make them easily to do that kind of manipulation against their own clients especially the one who after bigger profits.

 

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  • 3 weeks later...

 

You can say bucketshop is worst of the worst, and almost of them are dealing desk broker. One thing which makes them totally different than other is that it doesn't regulated by strict regulators, which make them easily to do that kind of manipulation against their own clients especially the one who after bigger profits.

 

 

Well few days ago I learned that fxcm broker lost their license in US and in UK for cheating their clients. Regulations really does not matter in my opinion. A broker's honesty should be searched when it comes to trading.

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