I can’t seem to find out if the big funds trading the FX market use instruments like forwards, options, swaps and so on or simply trade spot like the rest of us, through a broker. The reason I am asking is trying to see how reliable these brokers are in the eyes of the ‘smart money’. There appear to be lots of theories about brokers trying to cripple you as you become big and consistently profitable (which, if they’re not market makers doesn’t make much sense).
I’ll be happy to hear your opinions.
Kind regards,
Mike