Many CFD brokers trade against their clients. Consistently profitable traders will cause the CFD brokers to lose money. Casinos ban consistently profitable customers. Why not CFD brokers? So far, I have not heard of such cases with people around me. Maybe they are not profitable enough. Since this forum is full of elite traders, this is the best place to ask the question "Any one of you has ever been banned by a CFD broker for being too profitable"? Please share your experience. Don't be humble.
Have any day or HFT traders ever been banned by the CFD brokers? Because it is impossible to earn $$$ due to the horrific bid-offer spread. Sooner or later, you have to migrate to brokers that offer products from the established Exchanges.
Serious CFD platforms hedge their net books. (If they got one guy that is long 1 contract and another that is short 1 contract of the same instrument, the net is zero and no risk to them. Similar for strongly correlated instruments in money units. So ultimately they would have no reason to ban you regardless if you're winning or not. They do not want everyone to be on the same side of the instrument though, ideally, since then they need to hedge everything and make less money.) If a CFD platform bans a winner they're most likely not hedging net and just pocketing the money, i.e. are thieves.
The maxinger post is garbage, but it's true that 99.8% don't know how to trade so spreads are their world, I've generated 50% per quarter for private funds/family office/hedge funds and CFDs were used in certain cases, we didn't have problems but then I know what I'm doing, so few make profits it really won't make much difference to them to allow one through, in some cases it provides plausible deniability for the broker so they welcome someone who's profitable.
Your mind is full of garbage. That's why you read my message wrongly. Let me repeat : If you do day or HFT trading using CFD brokers, you can't earn $$$. If you do swing trading or spread here and there, there is some possibility you might earn $$$.
I only know CFD brokers that hedge the underlying market. Which CFD brokers do not hedge in the underlying market?
Your post has false statement, misconception and misjudgement. But I has no interest to correct them. It is your responsibility to get your fact corrected.
First of all CFD broker has their existence for a reason. The biggest market worldwide: Spot Forex. You cannot do this with Futures on CME and the spreads are far worse on CME. So you would daytrade with CFD brokers here. Second, so far I only heard being banned from CFD brokers because of Scalpers who could exploit their datafeed. Otherwise there is no serious or larger CFD broker who would ban their profitable traders. There is usually A-booking of them so they still can earn a lot from their commissions. B-Booking is done for smaller traders where there is no real intermarket because the size is too small. No bank is dealing with micro- or minilots, really. Also B-Booking can make a lot of additional profits if it is done correctly. There is a limit on Metatrader platform itself if you are frequent scalper because the daily limit is 2000 orders. But there are also plenty of CFD brokers who have no problem even with scalpers. You just cannot put every CFD broker in the same pot. Just choose from the biggest ones based on their daily trading volume: https://www.wvwv.org/forex-brokers/largest-forex-brokers.html Here are the largest truly global forex brokers: (and you should have no problems being consistent profitable and do regular withdraws) AVDT* Rating Broker 34.6 A+ IC Markets (Australia, Seychelles) 23.1 A XM Group (Cyprus, Australia, Belize) 19.2 A Hot Forex (St. Vincent and The Grenadines, Cyprus, South Africa, Seychelles, Mauritius) 16.2 B+ FXTM (Cyprus, United Kingdom, Mauritius) 14.8 A- Pepperstone (Australia, Bahamas, United Kingdom) 14.4 A- Exness (Seychelles, Curacao, British Virgin Islands, South Africa) 14.3 B Saxo Bank (Denmark) 12.3 B+ Roboforex (Belize, Cyprus) 11.8 B+ Ava Trade (Ireland) 10.1 A- IFC Markets (British Virgin Islands) 8.2 A M4 Markets (Seychelles) 7.8 B Instaforex (British Virgin Islands) 6.5 C FX Pro (United Kingdom)
Apparently, Jesse Livermore used to be banned by bucket shops all the time, but I think he was in a leaque of its own
I had an account with a spread betting / CFD broker in the UK about 10 years ago, and in one of their forums a user pointed out the way they work. They follow these book models: https://match-prime.com/a-book-vs-b-book-broker-the-key-differences-between-the-two-forex-models-2/ Essentially they trade against you initially, and if you are profitable they trade with you. I don't know if you are massively profitable what would happen to your account, probably the same, they will trade with you. At the time I closed the account I had like a 4% increase in my funds and they didn't care.