Can a broker manipulate mt4

Thanks for that, if I go in to my MT4 I can see what the balance is profit etc etc so can they manipulate this to show I have a certain amount in there. ?

I don’t know but I imagine that would be difficult for them to do.

Hello, they cannot alter the figures of your profit on the mt4. They can cancel some of your profit to affect your balance. In that case, you will ask them why? If you are not satisfied with the answer, you can take them to FPA court first, before reporting them to regulatory bodies. SO make sure you check FPA for a broker with many such cases and avoid them.

They can manipulate price bars etc. in which case you can take screenshot or make video of it and ask them to explain it to you.

The candles were moving up on mt4 while I was watching and the end result was a profit showing in my account which someone said they can’t alter. That’s great but looking on another platform it did move that much at the same time which makes me think they are making it look better so I and others I know invest more money. Very confusing as they are not regulated also. So don’t know if it’s a scam or if it’s genuine. I took screen shots so if I put these up could someone look at them ant tell me ??
Really appreciate any help as don’t want to get scammed or others also if it’s a con

It looks like they have don’t this but my profit is in there and someone said in here they can’t alter this ?

The regulated brokers do not more than the unregulated brokers. Go and see their reviews on FPA for yourself. A bad broker is a bad broker whether regulated or not.

@sophie181068. Unfortunately there is a lot of misinformation being feed from many of the respondents on this thread. Much like the forex education market in general. And just like the education market it will be up to you to filter through the crap.

But lets get some facts out there. Your broker can’t manipulate MT4 in as much as they and they alone set the price. The fact that you are here at BP’s strongly suggest that like the rest of us, you simple do not have funds sufficient to trade with a prime broker. A prime broker will not offer MT4 as a trading platform.

So like the rest of us you must use a retail broker. Any trade you enter into, your broker and your broker alone sits on the other side of the trade. Your risk solely lies with them. They and they alone will set the price loosely based on the underpinning market price they received from their liquidity provider. That price is subject to market volatility and liquidity and as such can see enormous swings in bid ask and therefor spread.

All part of the beast you will have to master if you wish to play this game. But with that said, all you have to remember is that price can only do 0ne of two things. Price will go up or price will go down. Trends, patterns ,structure, supply/demand, harmonics, support/ resistant, all preached and all crap.

I’m a beginner in search of a new broker, but before choosing a broker, I would like to know if it is possible for a broker to manipulate the MT4 platform to make certain trades look good and later scam me?

So can the broker trade against you, if not the trading platform?

Not if you go for an ECN broker. Dealing desk brokers will always profit in your loss but that’s not the case with pure ECN ones.

Your broker has no interest in trading against you. Just to provide a platform for you to trade on. They know your more than capable of losing all your funds all by yourself

Wrong. If your broker issues the contract he and he alone sits on the other side. Pure, hybrid or what ever the term they use.

Any suggestions?

Market makers manipulate the trades. It best to choose pure ECN A-book broker.

Yes, It is possible with unregulated brokers. They manipulate their clients with certain profits and then trade against them and take away most of their capitals.

Yes, It is possible for market makers to manipulate trades, so it is best to trade using an ECN pricing broker.

As far as the MT4 platform is concerned, I don’t think it can be manipulated. Rest, can’t say anything.

Yes that is a possible scenario as an unregulated broker may charge you higher spreads or may trade against you. There are chances of scam. So you should always choose a regulated broker.

I do not think it is possible for a broker to manipulate your MT4 platform, but just to be on the safer side I suggest trading with an ECN pricing broker like FP Markets or other ecn brokers because they do not profit from your losses.

All brokers who have MT4 manipulate with everything,with ur account,with price,with charts.
There is a company that sells MT4 with broker’s logo,they pay for it 250k usd.
Every platform that brokers use have 2 parts. One is for clients.the one you are using,and the second one is for administrator. The one with administrator have all the tools to do whatever the admin wants,this tool is called PLUGIN.
i029_02

I have more pictures like this,with what a manager can do to your account or to your funds,but even if i post all pictures here,admins will delete it :wink:

Every trading platform that brokers provide,have 2 parts,EVERY NOT ONLY MT4

The reason to do such bad things to their clients is very simple; WHEN YOU MAKE A DEPOSIT YOU JUST GIVE YOUR MONEY TO THE OWNER OF THAT COMPANY.
When you open a trade,none broker will get your possition to real market,YOU JUST TRADE INSIDE THE COMPANY,and the owner is interested if you lose,because He can not return your funds that you gave him ,to his company account. Even those brokers that have comissions,they dont put your possition to real market,they just take comissions because they want it,lying to clients that this is a fee for sending your possition to real market.
THATS THE TRUTH GUYS :kissing_heart:

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