BUY FXO Forum Shares
1247
Shares in the BANK:
We BuyWe Sell
$2.1252$2.1909
Page 1 of 2 12 LastLast
Results 1 to 15 of 24

Thread: Broker vs Money Maker

  1. #1
    FXMalay Supporter arialun's Avatar
    Join Date
    Feb 2007
    Location
    Taiping, Bukit Subang & Shah Alam.
    Posts
    1,310
    FXO Shares
    0
    FXO Bonus
    2.200
    Thanks
    7
    Thanked 3 Times in 3 Posts

    Default Broker vs Money Maker

    Dear Teacher,

    I quite confuse of the term Broker & Money Maker.
    Could you kindly eloborate further;
    a. What do those terms mean?
    b. How to differentiate between these two?
    c. Is it save/secure to invest on either one of them?

  2. #2
    In Profit
    Join Date
    Apr 2007
    Posts
    121
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    I try to answer. You question is totally wrong. I try to change your question because I don't know how to answer your question. It's price maker & interbank broker. The difference between two of this is

    Price maker:-
    Dealing Desk: Your Post is kind of transparent but not actually. And sometime
    they will against you as they will open other position on their
    behave
    Fix Spread : This broker will make money in every condition

    Interbank Broker
    No Dealing Desk: Transparent which mean totally secure
    Variable Spread: It depends on how volatile that market because this broker
    deal directly with bank. let's say bank charge spread 2,
    they will charge you 3.

    That is why we can open a little amount in price maker and have to open large amount in interbank broker. Whatever it is both is totally secure and safe

  3. #3
    FXMalay Supporter arialun's Avatar
    Join Date
    Feb 2007
    Location
    Taiping, Bukit Subang & Shah Alam.
    Posts
    1,310
    FXO Shares
    0
    FXO Bonus
    2.200
    Thanks
    7
    Thanked 3 Times in 3 Posts

    Default

    Ok.. Now i got your points.
    So FXEgypt is categorized as price maker, am I right?
    Last edited by arialun; 04-28-2007 at 10:12 AM.

  4. #4
    Bullish TranCer's Avatar
    Join Date
    May 2007
    Posts
    58
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    FXEgypt is only a broker... he has access to some other pricing chart ... where the most brokers get theyr charts ... then he can modify that price including the spread and if he wants a deviation of 1-2 pips that he gets as a bonus ...

  5. #5
    Bullish stannero's Avatar
    Join Date
    May 2007
    Posts
    65
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by dude_89 View Post
    Price maker:-
    Dealing Desk: Your Post is kind of transparent but not actually. And sometime
    they will against you as they will open other position on their
    behave

    Fix Spread : This broker will make money in every condition

    open other position on their behave.. I hope our broker did not do that

  6. #6
    In Profit
    Join Date
    Apr 2007
    Posts
    121
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Well even **** did that.

  7. #7
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by dude_89 View Post
    Price maker:-
    Dealing Desk: Your Post is kind of transparent but not actually. And sometime
    they will against you as they will open other position on their
    behave
    Fix Spread : This broker will make money in every condition
    wow ...how can they do that, they/brokers open trade depend on their systems or ? this condition have agreement when we sign the form to join? wow if that happen to me, automatically i will cash-out all my money as soon as possible :P

  8. #8
    ceestech
    Guest

    Default

    Quote Originally Posted by pemuda View Post
    wow ...how can they do that, they/brokers open trade depend on their systems or ? this condition have agreement when we sign the form to join? wow if that happen to me, automatically i will cash-out all my money as soon as possible :P
    how would you know that such a thing is about to happen. Are they laid down paramentals or indicators to know.

  9. #9
    Market Maker
    Join Date
    Feb 2012
    Location
    Port harcourt, Nigeria
    Posts
    1,046
    FXO Shares
    0
    FXO Bonus
    1.136
    Thanks
    3
    Thanked 31 Times in 31 Posts

    Default

    Money maker brokers will not even allow scalping because they would want to open orders against yours, so either way they gain.
    The issues of spreads too makes it worst to trade with them.

  10. #10
    ceestech
    Guest

    Default

    if spread makes it bad to trade with then what can you use the would look a little nice to the pocket.

  11. #11
    Market Maker
    Join Date
    Feb 2012
    Location
    Port harcourt, Nigeria
    Posts
    1,046
    FXO Shares
    0
    FXO Bonus
    1.136
    Thanks
    3
    Thanked 31 Times in 31 Posts

    Default

    High spreads are not too good for forex brokers because it scares their clients. Most scam brokers charge high spreads

  12. #12
    Market Maker cool user kalex76's Avatar
    Join Date
    Mar 2012
    Location
    Asia
    Posts
    7,892
    FXO Shares
    0
    FXO Bonus
    6.846
    Thanks
    261
    Thanked 349 Times in 285 Posts

    Default

    Actually i feel that money maker denotes everyone related to making money by trading and broker are the companies who handle the trading and just receives commissions for every transactions from their clients.

  13. #13
    Moderator imbest's Avatar
    Join Date
    Mar 2012
    Location
    Pakistan
    Posts
    4,603
    FXO Shares
    0
    FXO Bonus
    0.845
    Thanks
    249
    Thanked 464 Times in 260 Posts

    Default

    Brokers are providing the platform to traders like us specially the spot brokers who have made things easy for us. I don't know how they earn, only spread is not enough. There will be something more for them.

  14. #14
    In Profit
    Join Date
    Jan 2012
    Posts
    258
    FXO Shares
    0
    FXO Bonus
    2.017
    Thanks
    3
    Thanked 8 Times in 8 Posts

    Default

    I myself don't know the real definition of Money Maker and have hardly heard about it before. But brokers are your money managers that help you with the platform to trade forex.

  15. #15
    Market Maker cool user
    Join Date
    Mar 2012
    Posts
    14,111
    FXO Shares
    0
    FXO Bonus
    9.281
    Thanks
    43
    Thanked 63 Times in 63 Posts

    Default

    Quote Originally Posted by stannero View Post
    open other position on their behave.. I hope our broker did not do that
    as long as the broker does not have a different price movements with no broker other breka then I think they are safe in the trade because they did not organize or create their own price movements in their platform

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2016 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us