ONLINE TRADING RECOVERY
- Binary options scams
- Forex scams
- Regulated CFD scams
- Stocks Market scams
- Bitcoin and other Cryptocurrency scams
ABOUT TRADING SCAMS:
There are two major types of trading platforms, regulated and non-regulated. The vast majority of trading platforms that exist are non-regulated trading platforms which essentially means the trading platform is a full blown scam, unknown to the majority and regulatory authorities sanctioning these companies or unregistered which could also be a scam in the nearest future, such company is 100% incapable of any trades.
LEGAL REGULATED TRADING SCAMS:
There are two types of regulated trading platforms: Market Makers and ECNs. It is crucial to distinguish between them in order to understand if you were scammed or not. We have hand reports of being scammed but after our investigation we realise they were genuine losses of real trades gone wrong and not scam.
A Market Maker such as EuropeFX or itrader among many others, does not have their interests aligned with their customers, or more appropriately, their victims. A market maker is essentially a bookie taking the opposite side of your trades so you are actually trading against them. When you open a position, they are the counterparty to your trade, Market makers want losers because they can empty your account!
Your orders never actually reach the real market and you are only taking bets on an overlay that the market maker has provided for you. This is where price manipulation and stop hunting occurs.
On the other hand, an Electronic Communications Network (ECN) is another type of regulated trading platform. Most importantly, ENC’s are legal and real trading. Trading with an ECN broker means that your interests are aligned with the interests of your broker.
An ECN broker passes your order through to liquidity providers or the interbank market, meaning your trades are actually being matched with other traders in the real market. They make money on the spread, meaning that they want active, profitable traders who will keep coming back for more.
ECN brokers compile a list of all the best bid and ask prices from liquidity providers (usually major banks and financial institutions) and match trades with the best possible prices and lowest possible spreads without considering the source. An ECN broker can be seen as a middle man between buyers and sellers with no interest in manipulating prices