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Former city trader reveals TRUTH behind Forex brokers.

1362 ratings | 31913 views
You can learn more about Andrew and how to trade Forex professionally on https://bit.ly/2PSUwFX As a former city trader i have extensive insights into how brokerages work. This includes Forex brokers. I'm going to reveal the truth behind Forex brokers. Some Forex Brokers take the other side your trades. This means your losses are their profits and visa-versa. On the other hand some brokers do not take the other side of your trade. Questions i, how do you know, but more importantly does it really matter?
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Text Comments (131)
Yumichu doKajagi (17 hours ago)
I've had 2 brokers which actually just gave me an inactivity fee without warning, this was during a period of several months I didn't trade and waited until I had a better trading plan. I lost 945 euros this way.
stupot008 (3 days ago)
What are cityindex?
ahsanullah shanto (12 days ago)
Broker is the inevitable chapter to the traders indeed. Trade12 is a dedicated broker to the traders because their facilities include no small deposit bonus, tightest trading spread, superior fast execution, no set up fees, high leverage up to 1:400 etc.
Tafadzwa Nyamwanza (23 days ago)
Totally agree, they make the money of the spread.
SAMUEL FOREX (23 days ago)
i used to ask myself are those broker witch enough to dance against my trade but now i understand their games
Frederic Moresmau (1 month ago)
I didnt say i am right i Said this IS Not working for me. I m getting more und more sick. And since the others dont try to adjust to ne like I did I'll have to distance
Rukhsana Rashid (1 month ago)
Account manager helped me make 40k in 3 weeks. Advising on which trades to place and in week 4 I lost it all including my investment.
Karren Kuddlesberg (1 month ago)
If I made millions or billions Dollars or Euros, I would only withdraw 4,000 - 5,000 a month. I doubt I can find a broker that can afford to pay me. Binaries are not meant to get traders rich, it is meant to earn some extra money and that's it?
Pablo Ampang II (2 months ago)
Broker make people broke...
Johnloyd Cruz (2 months ago)
I envest $500 to sir robert harry and he gave me back $3000 in just 10 days 1 of the best trader i've ever met.contact him at [email protected]
Martin yawson (3 months ago)
hi pls i really need a Good Forex brokers
Roy Heaney (3 months ago)
Well then whats the best broker?
w2wpeterseptanto (3 months ago)
How about binary option? I make money in binopt (iqopt) in 8 month near 45k. Then they denied my WD request in anyway, I take it as they REFUSE to pay my profit. Is that binopt a dealing desk or not? thank you
Nooo (3 months ago)
Which brokers would u recommend for a newbie trading options...
B Y Q A (3 months ago)
Who is best trading broker??
B Y Q A (3 months ago)
What can I choose for trading broker .. tell me anyone
Jibon Ali (4 months ago)
In my little trading career with different brokers I made trading. To negotiate with broker Forex4you I recently started to. Like them I never seen any professional broker ever. To fulfill the requirement of their merchant they are always ready. For different types of traders they offer different types of trading accounts and they are also famous for providing both long and short term trading method. They make my trade easy and profitable.
Mr Laconic (4 months ago)
Instaforex is a scam of the century, my account with $758 got blocked yesterday by their so called Anti fraud department for no reason, my only crime was that I suddenly became profitable after being a loser with many margin call for a long time
Aynur Gokce (4 months ago)
Can someone recommend a good A Booker?
James Suitt (4 months ago)
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charls bery (4 months ago)
*Set a new goal in your life. Always remind yourself the reason why you started when you feel like quitting. Remember negative minds achieve nothing. It is possible for you to make $30,000 in a month in binary options trading by following the right guidelines and the right trader. If you are interested in getting your trading account well managed with a profitable system that is 100% accurate, Start your trading from here >> **https://t.co/p84BYGCqbZ** .*
elizabeth henkel (4 months ago)
*Forex trading is not magic.... You are not going to be a millionaire overnight, but its a good background to raise your finances at a steady growth..... You need a proper understanding on its steps by a SUPERB FOREX TEACHER to trade for you, So go with now and make your balance double within To night from here >> **https://t.co/pbFk7a6mEJ** .*
Jibon Ali (4 months ago)
From the credible broker of our trading we the traders expect many things but in real Forex trading we suffer a lot due to many scam brokers who always demand extra charge or commissions. So it is really difficult job to find the secured broker. Forex4you is one of the trusted and honest broker I seen in my life that’s why I choose them and never get anything wrong with them. They makes my trade comfortable by providing all necessary services.
Vikkianna Bryce (4 months ago)
gr8888 video is xm a good brooker
jburr36 (5 months ago)
Some brokers are not very nice at all --> https://www.zerohedge.com/news/2017-02-06/alert-largest-us-forex-broker-fxcm-shut-down-and-permanently-banned-nfa
Gbenga Adekoya (5 months ago)
Gbenga Joseph is my name
Gbenga Adekoya (5 months ago)
As a trader how do I become a profitable trader. I don't bank of broker to take my money all the time
kirk Morgan (5 months ago)
I say it with all boldness and conviction that forex trading is the real deal turning people into millionaires provided you have a working strategy and a trusted automated software. contact MR MICHEAL for more guidance if interested. [email protected] .com
Percy Eric (5 months ago)
never taught doing forex trading business could be so satisfying. i spent so much time doubting till i came in contact with MR MICHEAL & working with him has been so much fun that i regret my months of doubting & ignorance. you can contact his email address: [email protected] .com? please send my regards to him & be blessed.?
eleanor williams (5 months ago)
I just want to thank someone who i see as an hero, his forex trading strategy really placed me where i am today. all glory to God for bringing this person to my door step. MR MICHEAL his the great expert on binary & forex trading, would prefer everyone to look out for him cause he's the best you can ever have & that's his email address: [email protected] .com
Best Buy Offer (5 months ago)
*TODAY $1170* viral-journal.com/TopTrade Brokers Stealing Traders Money. Is your broker one of them? Check now by Forex Peace Army(2017.12.27
Evileena Brat (5 months ago)
*Thanks for the video.Aside form that I would like to recommend one broker which is regulated. No withdrawal casualties either. Click here == **t.co/9aBO1thZ4k*
Keelin Hays (5 months ago)
Thanks for this
French Fry (5 months ago)
just check forexpeacearmy.com before joining any broker! especially if binary options
Anish Varghese (6 months ago)
Is alpari a good broker?
Traderin Moscow (4 months ago)
Anish Varghese they never keep their word after you join.. A proffesional trader never can make money from indian alpari. Try ecn account and put long stoploss and 1000 dollor only use .20 lot always....I lose money because nobody advice me....I think u malayalee..I also...any questions ?
Derrick Greezy (6 months ago)
I'm doing some research before I get into the whole thing, really I need some help, I need to know when is the right time to trade
Cecil Brin (6 months ago)
In the market of Forex/binary options, you can only make it and continue winning when you are dealing with good strategy and nice Account Manager who can be up and doing, i suffered lost in the hands of dubious Managers until i connected to Mr Frank Robert through his email posted by fellow traders that was when i began to know that they are some sincere Account Managers/Nice Broker with great and wonderful strategies in the market, with Mr Frank i win weekly nothing less than $18k.usd, i will forever remain grateful to him.
harpreet singh (6 months ago)
Why you were not here 4 years ago , when I was learning fx . Your videos are so good and educative , and a treasure for those new in this business . Keep the good work . All the best .
Ade Abasanji (6 months ago)
Lol good video. The broker is the boogie man for losing traders. Good video. 👍
RPG Entertainment (6 months ago)
Just don't over leverage you wont easily blow our account :D
ALBERT BENG (6 months ago)
I've experienced brokers intended make traders lose money in turn of their profits. The traps include slippage, spread inconsistency, delay and many more...
mile kobas (6 months ago)
This was great, I've been looking for "forex trading by name" for a while now, and I think this has helped. Ever heard of - Harperzon Forexify Equalizer - (do a search on google ) ? Ive heard some pretty good things about it and my brother in law got cool results with it.
Jaysen Blu (7 months ago)
Hi Andrew would like to make contact so I could begin a process of learning and strengthen my little knowledge of FOREX trading. Really keen to educate myself in this field.
theytookmytubetoyou (7 months ago)
this makes perfect sense and it's all clear to me now. I am clearly in the B-book. I mean, I started selling NZDCAD last night and it seems my broker is buying the sh$t out of it. sometimes it feels like they were just waiting for me to take a position before they shoot it off in the opposite direction
Louis du Pisani (1 month ago)
iq option is just a video-game that simulates market-like behaviour, you can't take anyone who provides binary options seriously. It's actually very difficult to find a reputable broker through internet based searches because entire networks of review sites are set up to give the impression that a broker is legit. I'm not even sure if I trust forexSignals yet. They also have a list of trusted brokers, some of whom have questions hanging over their head.... surely if there was one broker that they really trusted they would be recommending that one broker and not ten different ones?
Nooo (3 months ago)
theytookmytubetoyou omg this is how I feel about iq option...i use the same strategy and win 6 in a row then lose like 5 in a row using the same strategy....i thought it was me going crazy
azeez saidy (7 months ago)
I love all Your videos, really I hoped you made them earlier. really I suffered a lot of cash, starting early 2015, more than three years now. the help I need and would appreciate. If I am professional trader, and my trades are 8 wins to 2 loss, what broker YOU wud kindly Advice, even if you name one or two. Please keep on the beautiful videos.
Celsius Millo (7 months ago)
Bollocks I had aBlue Index as abroker when I started and they were always chasing my stops
Ade Abasanji (6 months ago)
Celsius Millo Bigger stops needed
Cristian Gomez (8 months ago)
Paresh Patel (8 months ago)
Anyone had experience with FXTM ECN accounts?
Amoon Alaa (1 month ago)
Angel c. What do you use now?
Angel C. (7 months ago)
Paresh Patel i've used them before, i lost alot of money but because i was a beginner at that time, i changed broker just because i wanted to have the feel of starting all over again, they only let you withdrawal what you deposited.
V R (8 months ago)
Why nobody would name brokers? Please. Which ones are which!?
V R (8 months ago)
If you are a profitable trader consistently (or a very profitable trader), can you get booted out by the broker? Does that happen?
stektirade (8 months ago)
i came across a forex brokerage firm in the online job market, is it a legit good job to do and make money?
dunford joseph (8 months ago)
I have seen a lot videos of diferent brokers but i know they are not certified and i never contacted them but it all changed when i saw a video and good comments about Mr Brian jarvis with his explanation he gave me more insight on how trading forex/binary options work with his strategy and am so glad that since i started trading with his strategy i am making $12K weekly with his strategy Feel free and reach him via email: [email protected]
luke david (8 months ago)
I have seen a lot videos of diferent brokers but i know they are not certified and i never contacted them but it all changed when i saw a video and good comments about Mr Brian jarvis with his explanation he gave me more insight on how trading forex/binary options work with his strategy and am so glad that since i started trading with his strategy i am making $12K weekly with his strategy Feel free and reach him via email: [email protected]
Etienne 777 (9 months ago)
Is it possible to bankrupt your broker by making massive amounts of money?
Edin Arneas (9 months ago)
Watched it again. Your video is very very helpful. Thank you for this work. It is straight to the point & true speech. Double thumbs up for you.
Dkris li (9 months ago)
my question is as follow I heard it somewhere as saying goes don't the Broker trade against you what exactly this means i need the interpretation of this statement
Brutus Judas (7 months ago)
Dkris li , it means the broker is doing to opposite of you. If you Buy, the broker will Sell. The theory is that if most traders lose money then the broker can make money by doing the exact opposite.
HIM Solar Gate (9 months ago)
This guy can't trade and make money on the retail side.
Andrew Nyairo (9 months ago)
would like to know how to trade but i still know nothing about forex. is there anyone who can help me out
muthureddy arunachalam (10 months ago)
Edin Arneas (10 months ago)
Only a few minutes (length of the video). But I know, you spent many hours for planning, shooting and editing. Whatever I say now, good or bad; do comment or not, is no matter, at all. The matter is you worked hard. What is the real worth of charity, love and teachings is not perceived by many people. This sentence is applicable to your fine work and selfless dedication also. But, I know that, what you delivered to us, all those materials, stuffs and information are valuable enough to remember for lifetime. If I want to be an experienced man like you how many years will it take Almighty God knows. We get explanations on vital points from you and improve ourselves day by day easily. So, accept lot of love.
Jose Ruiz (10 months ago)
I think open an account with a market maker is kinda of masochist
Dz Scalper (10 months ago)
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Katie Tutorials (11 months ago)
Forex/binary option and stock trade are real with huge returns on capital but scammers are much in the system, one has to be careful with those false brokers they dealt with me seriously, Pastor Billy rescued me out of their hands by helping me to recovered some part of the capital from them with his strategy, Billy has the best strategy that gives winning all time i am a living testimony of his strategies.
Joseph Balle (10 months ago)
whos pastor billy
muurish1 (1 year ago)
I've experienced the 30 year Traders still sharing the problems they know of without sharing how to overcome them (semi step-by-step @ the very least).
muurish1 (1 year ago)
This info is nice to know, but without being guided to the Brokers opposite of what we are being aware of does a Trader no justice.. It's a problem without a solution...
Michael Fox (1 year ago)
Please sir cant you make a video of tye different forms of arbitrage and brokers.
Al-Baloshi Nawaz (1 year ago)
What you think of XM
Paresh Patel (8 months ago)
Al-Baloshi Nawaz I believe they're market makers
Nick Gypps (1 year ago)
I'm new to trading but isn't there a 3rd type of broker - an ECN broker? It's my understanding (perhaps erroneous) that Electronic Communication Network brokers simply connect you to a liquidity provider such as a bank or fund, or another trader and charge you a small commission for doing so? Spreads seem to be very tight too. Is there any downside to using the ECN model?
Christopher Ibeji (1 year ago)
Thanks alot
Christopher Ibeji (1 year ago)
Hello sir i intend to go live soon, do i continue with Alpari or do u have a better suggestion.
Christopher Ibeji (1 year ago)
Hello , pls which broker do you recommend for beginners like me. im demo trading right now and i use Alpari for my demo trades. Please i would appreciate if you can give me a heads up on which broker is best to use, or if i can continue with alpari.
Well done, you're so right. Thanks for given me more confidence
Brandon Douglas (1 year ago)
Hey Andrew, do you recommend your forex trading teaching site to learn for someone who is very interested in starting this kind of trade? Very patient person looking to try out something new to see if I can put my smarts to good use. Thank you so much for your time.
Razzsuresan (1 year ago)
Hi Andrew, I'm a beginner. Could you please advice me on which platform that I should use?
Anders M (1 year ago)
I have at least 3 platforms running from different brokers. One of them(I am not going to name it in public) always widen the spread for no reason and stop my trade, but the same trade with other brokers is fine. Every time I questioned them and emailed them the charts from other brokers, they will compensate for my loss, and they will give me some BS reason of why it happened.
Lebogang Shuping (7 months ago)
Name the three brokers, especially the perpetrator.
vince (1 year ago)
Thank you for the vid. I think I'm cassified as a B. I recently started trading news events and I would have my platform freeze when I trade, recently I was shocked to see that my buy order was executed 58 pips (580 points) away from my requested price. This has made me believe that the broker is out to make me loose because i thought the slippage was ridiculous.
Thomas Lewis (1 year ago)
We are giving free two months Binary Options Trading without collecting percentage ,for those that have registered under our platform and newbies are also welcome if they want account management , with $500 you can earn $950 in three days , while $1000 can earn you $3,080 in three days, contact our account management via email : [email protected]
akram khan (1 year ago)
sir can you tell me your background music
The Gonzo Hunter (1 year ago)
Question from a beginner - is it absolutely necessary to use a broker in order to be a successful trader or is it possible to go it alone?
james gwyther (1 year ago)
you have to trade at a brokers. That is like trying to gamble without using a bookmaker.
Mark Slinn (1 year ago)
That puts everything into perspective, and really make sense. I always wonder why very successful traders try to recruit new people. Yes some have good intentions but if you want to do it for the good of humanity why charge a signup fee.
Tycoon Lutfur (1 year ago)
Most of the broker's claim that they are ECN broker but after trading we understand their real face. So would you recommend some True ECN Broker?
Alfred Botsio (9 months ago)
Fxchoice bro
tony trader (1 year ago)
I was profitable trader with Ironfx broker .My initial deposit of 4k trasformed on 23k in one month .They never paid me since january 2015.Like me other unfortunately traders arund the word.
Sandy Grungerson (1 year ago)
you became "toxic flow" and their LPs identified you and wont transact your orders...try to find a CTrader broker
Jibon Ali (1 year ago)
Forex4you has become famous for supplying information pertaining to major currency pairs in the STP trading market. It has earned a reputation for giving exotics and crosses for over fifty currency pairs. There is no interference from any dealing desk and its website offers swift execution of orders and trades in the market. I trade with this no dealing desk broker from the beginning of my forex career.
Jeff Vice (1 year ago)
Oh my GOD what a great and wonderful strategy this Mr Frank Robert is making use of, i have never seen a strategy with Software that works mightily like this, i blessed Almighty GOD for connecting me to such a nice Account Manager/Broker which my winning in Forex trade/Binary option market is really rely on his strategy that earns me 15k usd every week, i will continue to appreciate him handsomely.
Brutus Judas (7 months ago)
Jeff Vice , GFY
Jeff Vice (1 year ago)
One can contact him through his email:[email protected]
Bassam Daoud (1 year ago)
I love this video. I have subscribed. I wish if more videos come to explain how to avoid such traps. I blew up my small account several times following the rules, indicators and all kind of charts....
russell schaeffler (1 year ago)
brokers are not running stops on small retail traders, but the markets do seek stop levels of large traders to pick up those orders before big price moves. You can see this in the charts. Price moves to above or below older highs ands lows were stops are sitting before quickly moving back in the opposite direction. This is the natural process of the business. As a small retail trader being aware of this can give you clue of what may happen next based on old lows and highs being broken.
Ajit Pai (2 months ago)
smsawon450 450 (3 months ago)
Friends, I have personally used *_-ETXCapital-_* before. I have been with the system for two weeks. But very unfortunately I lost my money trading with the help of this program. A friend of mine who is also an expert trader suggested me *_Expertoption._* I have been using this 100% profit system for last 3 weeks and I have been rocking with good profit. This *_Expertoption_* is capable of providing with right signal in right time to buy or sell (put or call). It's a great program most particularly for newbie traders. Also there is good option for trading. You can check it by visiting their site: expert0ption.com/money
Victor Ramirez (1 year ago)
Amazing explication Mr.
Saru Raj (1 year ago)
awesome video. keep going
Masuke Gotta (1 year ago)
SO what kind of broker is good for beginners
Norman Pentecost (1 year ago)
i have been using tradersway and before that years ago i used forexbroker inc, and before that i used FXDD ...i have not made a penny..i always manage to blow up my small account using every indicator and template i can get my hands on.....can you recommend the best broker to use please? i suppose i am underfunded for the lot size i am using because i am wary of sending a substantial amount of money to my account knowing that i will lose it all over time. trades always manage to go against.
HIM Solar Gate (9 months ago)
Norman Pentecost First your take profits are too big, you need 20 pip or less targets too build your confidence. Second, you need some sort of leading indicator.
PritchyTurbo2000 (1 year ago)
I wouldn't bother if that's the case
james gwyther (1 year ago)
I personally use JaFX as they have good spreads and no fees on deposits or withdrawals. Direct link to JaFx below. http://portal.jafx.com/Redirect?linkID=lmdak15292
carl jean (1 year ago)
Any thoughts on sandtondirect broker?
Let's get started MCR (1 year ago)
hi ForexSignals Tv i use hotforex as a broker so my question is are they A broker or B broker ?
Dimitrios Desmos (1 year ago)
A very naive explanation for a MASSIVE criminal network involving, eastern europeans, russians and asians...and hackers from iceland.- 100 !!!...not to mention terrorists and drug dealers.
Dimitrios Desmos (1 year ago)
hahahhahhaha so sorry, got it now !!!ha hahahaahahhaahhaahah nice one
Dimitrios Desmos (1 year ago)
The more time you spend with me, the more of a hero you make me...and make me look right...or else you would have ignored me...must hurt
Sandy Grungerson (1 year ago)
After the Vegas shooting, a lot more ppl are taking another look @ 9 11
Belluchi (1 year ago)
good honest & useful info
Edwin Diaz (1 year ago)
thanks for all the good info!!! keep it coming!
Adrian Edwards (1 year ago)
Excellent video straight to the point and it's true it is mostly the traders fault when losing, I learnt the hard way, and yet wouldn't change anything. Like all business there are a few corrupt people, but if regulated you can't go far wrong. Nice job, you have a new avid viewer from now on.
Mark Loker (1 month ago)
*I've had many forex trading before, but most of the time losses - Expert options have been around $ 35,000 since last month. I hope this month the profit will be doubled. If someone thinks of trading, you can try it for 2-3 days. official site* expertoptions.pw/trade
Bithe Dash (3 months ago)
*It’s* good but i think *XM* is much better. see the details ( expert0ption.com/xm ) You know why? Because i didn't get so much profit using Cash Software. Also there signal is not very good. Those who are new at forex trading they should use *XM.* In these program you will get right time notification how much money you should invest and when you trade. They provide every single details for getting profit. I won't say that you will get hundreds even thousand dollar profit in a day but you will get a good profit if you use *XM* carefully.
Michael Tyler (6 months ago)
I have personally used *“My Cash Bot”* before. But i loose my money trading on this program. A friend of mine he is also an expert trader. He suggested me *“Expertoption”* . See it=> t.co/ojjzFryXoX . I am using this product since 3 weeks and i am getting good profit. *Expertoption* always provide me right time signal to buy or sell. It's a great program for newbie trader. Also there is good option for trading.
RA (6 months ago)
Many thanks, I been tryin to find out about "how to trade forex online" for a while now, and I think this has helped. You ever tried - Harperzon Forexify Equalizer - (Have a quick look on google cant remember the place now ) ? Ive heard some unbelievable things about it and my cousin got cool success with it.
Adrian Mckenzie (1 year ago)
Good stuff..2 thumbs up!!
Emmanuel Leunamme (1 year ago)
I love this series (last 3 vids) style! It would be great to hear about the path of developing as a trader (time, factors, difficulties, etc) from someone with that level of experience. Keep these videos coming!
Sarkar Uttam (4 months ago)
*ToDay $1550* expert0ption.com/
Carly Garrett (6 months ago)
Hello, Today I want to share my personal experience that helps my business. It is a great surprise for all traders. First time, I applied *"iq option"* but I got bad output, loss and many time fake signals. Then I got free binary video tutorials of *"Jafx"* from my friend. The *Jafx* is new version, so easy, always provides me right time signal to buy or sell and auto earning. The *iq option* gives me 15%-25% profit before *Jafx* gives me 55%-80% profit till now. I took my product price only 1 day by using The *Jafx* after that it brings only profit to me. I recommend you that *Jafx* has a customer support also. You can check by visiting their *official website* t.co/wSMdt9oN72
J D Kent (1 year ago)
Mr Lockwood. Thank you very much for your imput. I try absorbing as much as I. As soon as I can sign up I will, for now just trading demo and actually becoming more and more consistent by the day. Working on getting that start up capital to go live on trading platform. Thank you again.

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