thank you for the answer given
Let me understand that you don’t keep money in broker accounts, but you trade on a real account
assuming that you keep a small amount in your account and withdraw your profit, you could say even if you didn’t say the broker’s name what experiences you had, but I guess that everything is ok if you still do transactions with him.
Although I wanted to know if you had a big profit on a transaction, how they reacted. In my opinion, if they were honest, there shouldn’t have been any problem either if it was MM or if it was ECN
MM protected by hedging so they would have no loss and ECN would take the commission per transaction so only if they are not honest and steal your profit
for example, for me Oanda from the point of view of the spread on the news, at 22:00 London, closing on Friday and opening on Monday was a very bad experience, I had a spread at the close of Friday, the opening on Monday on aud, nzd of 30, 50 pip
but I had 30 k in the account, I withdrew 29 k from them and there were no problems, in fact part of the invested capital, but they returned it to me
Your conclusion regarding brokers is very discouraging
Anyway, if you mentioned the broker’s name and shared your experience with him, I don’t think anyone would be able to blame you if it became a negative experience tomorrow because you are not the broker
I also think that it is easier to make 10% profit per month than 100%, so the size of the capital is important as well as leverage
I bought my Toyota and Ford after reading reviews and my experience with these companies was devastating, but I don’t blame anyone and shared my experience with the models I had so that others know what I went through
Honestly, I would prefer to do a brokerage firm because I would be satisfied with the honest profit of the spread in the case of a MM or a commission per transaction in the case of an ECN considering how many traders are said to be, but the security loopholes which I see, seem quite dangerous to me.