How to Avoid Bad Forex Brokers: Requotes/Skewed Spreads/Gone to Dealer Scam 😠
Is Your Forex Broker A Scam? PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! How to Avoid Bad Forex Brokers. Is Your Broker Rogue? Financial Scams to avoid the gone to a dealer scam. What is it? The Gone to a Dealer Scam usually works like this. When we open an order with a broker and hit buy or sell and click submit usually we get an instance response ‘fill’ or ‘not’. Now I understand that most brokers will send most orders thru automatic fill if you’re trading in modest size or one of the common fx pairs. But I do understand that if you start trading bigger size they might want to check it and they might want to deal with it manually if its a very big size. But the Gone to Dealer scam is different. You’re trading an instrument that normally everyone else is getting instant fill on but when you click you are taking to a timer or pending status and goes to a dealer. The market goes in your direction, the dealer sees that and gives you a rejectio. The market goes against you and he gives you a fill. The dealer is giving himself a window of time to either let you into the trade if you’re losing and excluding you from the trade if you’re winning.