If you make money in forex, broker will terminate you?

[adaseb]

I have been reading many Forex reviews about different brokers.

Now I don't know if this is true or not but a few people said that they had their account terminated by the brokers becaues they actually made money in Forex.

The big banks are known to pay big money to have people like that off the market because in the long run they will lose money.

Now is this true?

[o990l6mh]

Originally Posted by adaseb

I have been reading many Forex reviews about different brokers.

Now I don't know if this is true or not but a few people said that they had their account terminated by the brokers becaues they actually made money in Forex.

The big banks are known to pay big money to have people like that off the market because in the long run they will lose money.

Now is this true?

Not if you trade with a regulated, big broker based in a well regulated country such as the UK or US.

Forex broker reviews will sometimes be about losers wanting to blame someone other than themselves for their mistakes. Don't believe everything you read, but of course don't completely disregard it either.

[tymen1]

There have been some wild and silly statements by newbies on this forum lately!!

Here we have one of them.

I suggest less reading of fantasy comics and more of the good stuff on this forum.

We veterans here can set you straight!!

[adaseb]

Originally Posted by tymen1

There have been some wild and silly statements by newbies on this forum lately!!

Here we have one of them.

I suggest less reading of fantasy comics and more of the good stuff on this forum.

We veterans here can set you straight!!

That's why I posted this. To get some insight into the topic. I don't know if its true or not.

[phil838]

Originally Posted by adaseb

I have been reading many Forex reviews about different brokers.

Now I don't know if this is true or not but a few people said that they had their account terminated by the brokers becaues they actually made money in Forex.

The big banks are known to pay big money to have people like that off the market because in the long run they will lose money.

Now is this true?

I've heard rumors of this, but I highly doubt any of them are true...

And even if it is true, so what? Even if the broker terminates your account they aren't going to keep your money. Just take your winnings and open an account with another broker that appreciates your business.

[tymen1]

Originally Posted by phil838

....

And even if it is true, so what? Even if the broker terminates your account they aren't going to keep your money. Just take your winnings and open an account with another broker that appreciates your business.

Exactly!!

[Ultimate eBook Store]

As funny as this may sound there is no shortage of people losing money. And frankly what most people are able to take from the market is a blip on the radar. You have to remember that we are competing with banks and each other.

The only incentive a broker would have is for you to overtrade to collect the spread.

[packy]

nobody come's out alive who makes money?

[kockneerebel]

Brokers make their money from the spread. For that to happen a trade has to take place. A trade consists of two parties taking opposing positions. Therefore one will lose and one will win. Brokers therefore need both winners and losers or there is no trade

best regards

[trading801]

Hi there buddy, as long as you stick with proper brokers that are regulated, you shouldn't see a problem..

you can do some due diligence of your own and see if there are any complaints against your potential broker to be too!

This link leads to the National Futures Association database for complaints and disciplinary actions of US brokers. BASIC Search

all the best