You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk.
I believe you got this broker thing all wrong!!
From my experience from using different brokers, if you looking for tight spreads when it comes to executing trades..most likely you will encounter commissions which will be higher as a service for executing a trade or using their platform, and btw depends on what assets you trade, but it doesn't cost an arm and a leg and if you don't want to miss trades, or not tagged into a trade better pay these small fees!!!
As for gambling, it's usually based on what you see is what you get but unfortunately the risk here is high but at the end of the day pick something that works for you!!!
It is obvious that this guy knows so little or nothing about brokers and it seems you know quite better. I even wonder why he is comparing them together as they are not the same business models, they do not just relate. Only that if you trade, you can lose but this doesn't automatically translate to the fact that you will lose into the pocket of the broker. But when you lose gambling, it is sure that you lose to the pocket of the house, and if you gain as well, you gain from the pocket of the house. I wonder what this guy would say of the prime and ECN brokers and many others, they are always channelling your orders into the raw market pool, they do not influence anything but rely on the Spread, Swap and Commission they charge you when you open the trade.
You will therefore lose to the market and gain from the market without them having the dealing desk arrangement or influencing your decision. I wonder how they will get to be comparable to the way the guy makes it look. It's only the market maker type of broker that does otherwise, but such is not common these days in my experience, and it is just to avoid the issues associated with payments which they might not be able to fulfil in some cases. They therefore prefer to direct the whole risk to the raw market pool.