The broker profitable kitchen merchant company only trades like this

The broker profitable kitchen merchant company only trades like this

Dishonest foreign exchange brokerage company or what is a foreign exchange kitchen? -How to trade on the trading portal

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Each of them promised to get huge profits in a short time. This is not surprising-by attracting new customers, the company can make a profit through commissions. However, among honest brokerage companies, there are trading centers that specialize in handling customer deposits. It is impossible to make money in such a center, or is also called-it is impossible-in any case, the trader's balance will become zero. What is a foreign exchange kitchen and how to not be attracted by the foreign exchange market-this article will answer. Table of contents [hide] 1 What is foreign exchange cuisine? It is widely used among traders to refer to dishonest trading centers. Their main income is based on cheating vulnerable merchants. Figure 1. Flexibility is the key to the success of Forex Kitchen. The main difference between Forex Kitchen and reliable brokers is that they do not allow traders to trade at the interbank level. All trading operations are carried out within the company, so all losses suffered by traders from trading will become the profits of fraudulent brokers. An important fact that should be noted is that this type of brokerage activity almost always changes the quotes of currency pairs, thereby making any trader lose money. Forex kitchen leaders go all out to make trading unfavorable for their customers. After all, traders trade with brokers, so their losses will be the profits of the brokerage company. When opening an account for such a company, the chance of a transaction producing a positive result will be Dina close to zero. Even in the case of a slight increase in the trader's balance, it will soon be full. If a trader manages to profit from the transaction, sooner or later he will face the fact that the foreign exchange kitchen will make the price of the currency pair jump to the stop loss, stop loss or mark through manipulation, or just replace the buy order with a buy order And then vice versa. Problems can also arise when withdrawing funds. Employees of the company can extend the time it takes to drag them out according to their own wishes. This refers to problems with the Internet and banks, and can request copies of documents multiple times, and so on. Usually, they will do their best not to pay customers. The function and functional principle of the foreign exchange kitchen is best to understand what a foreign exchange kitchen is and how they work after considering the functional system of the financial and foreign exchange markets. All existing brokerage companies are divided into two categories: This group includes those companies that use the system in their work-any transactions opened by transactions are shown on the interbank (international) market. At the same time, the broker itself will not affect the transaction process, nor will it intervene in the transaction in any way, and will charge a commission for each completed transaction.

Such brokerage companies do not transfer transactions concluded by traders to the interbank market. Forex kitchens fall into this category. It should be remembered here that not every foreign exchange broker is fraudulent. To be honest, the positions of some traders in these companies overlap with the counter orders of other traders. Brokerage companies and honest brokerage companies do not directly deal with customers. The following system works here: If a foreign exchange market participant loses his balance, some other traders will get the money, and they have reached a more successful transaction. But not a brokerage company. Therefore, such companies have adopted a variety of techniques to prevent traders from earning income from transactions. How to calculate the Forex Kitchen Every dishonest broker or Forex Kitchen can be identified by several unique characteristics. Figure 3. Is this what we need? Short-term work of a broker-less than a year. This information can be verified through the life cycle and operation of the company's website. A small number of trading tools. Due to the small number of participants in the transaction process, it is impossible to provide liquidity for a large number of instruments. Lack of mandatory licenses or licenses to operate in the gambling field. A small number of broker customers. Sometimes just looking at the visitor counter of the company website is sufficient. Did not participate in any awards in international competitions. For example, no one nominates a nomination to an unknown and short-lived company. Only by providing feedback and contact information. Really reputable trading companies always have multiple representative offices in different cities. From the outside, the kitchen is no different from a decent broker. Of course, only by carefully analyzing the above information can be determined to belong to this category. Forex Kitchen List Figure 4. Knowing, so as not to lose the list of brokerage companies, according to several criteria, can be summarized into the following concepts:. -. . . These companies are registered abroad and are not residents of the Russian Federation. In the event of a dispute, traders will not be able to resolve these issues through the courts, or even refund their lost funds. Considering all the above information, traders can protect themselves from conflicts with fraudulent brokerage companies and start working in reliable, well-known and honest trading centers. Forex Kitchen always works under the great expectations of traders, attracting them with favorable trading conditions and various generous bonuses. There is no need to believe such promises, because cooperation with dishonest companies will only work horizontally-it will only help save from the trader’s savings. In order not to be bothered by the foreign exchange market, you only need to open a trading account with a well-known trusted broker. A certain impression of the company will help form customer comments on the trading center on the forum and complain to them on the regulator’s website (, ). It’s worth paying attention to the comments that got the answers from the broker and how he came up to solve this or that trader’s problem. Elon Musk's Legendary Commencement Speech