Quote from: uchegod-21 on March 23, 2024, 07:43:59 PM

Quote from: fingnome on September 28, 2023, 10:02:02 AM

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. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

While trading forex, I had a very ugly experience with one broker called exiness. I mean they literally drained me. I never knew brokers have other ways of exploiting or let's say, extorting us. I wasn't taught so. I was taught that brokers make money from commissions and fees but I bet you there are alot more to that. Someone who introduced me to Forex trading later told me to switch to another broker. I did and the loses minimized. It is then I understood that even brokers can be a good reason you win or lose a trade. Select your brokers very well if you wish to be successful on a long run in cryptocurrency trading. If it is possible avoid them totally.

Sorry about your bad experience with trading using a traditional broker's platform, that's why we should know the kind of broker we are opting for. Actually, the name of that broker is not "exiness" but Exness and I do not think it is as bad as you tagged it. I had dealt with it many years back but left not because I had any issue with them but because they are a Market Maker type of brokerage and I do not like such a brokerage arrangement in my trading principle. However, the way you complained about it shows that you do not know much about trading and you did not even tell us what the broker did wrong actually but just alleged, which is not fair. And based on my experience when traditional brokers are compared to the exchanges, including Binance which is the most popular, the traditional brokers are still fairer than them for the fear of regulators as most exchanges are Bucket shops unless you guys do not know the evil they are stylishly perpetrating.

Above all, if Exness did not scam you entirely, then it might be some fees you did not know existed which could be the Swap (Rollover charges). Though I do not know the exact allegation since you never added it, this is plainly not an exploitation if that is the case. It's in the agreement you signed.