Any elite traders ever been banned by CFD brokers for being consistently profitable?

Discussion in 'Retail Brokers' started by learner88, Aug 8, 2023.

  1. maxinger

    maxinger

    MM job looks easy.

    That is an easy way to chase away a profitable trader.

    That profitable trader has to change the broker continuously.
     
    #11     Aug 8, 2023
  2. Pekelo

    Pekelo

    This makes the most sense. At least this is how I would run a CFD firm if I was in charge. The profitable clients can be used as signal givers and assuming they are fairly easy to follow (few trades with decent holding times) they can be traded with using futures and make a killing.
     
    #12     Aug 8, 2023
  3. TrAndy2022

    TrAndy2022

    I read there is somewhere like $6 billion annually to be earned from B-Booking, so trading against the customer. The brokers would be stupid if they do not take a share of those profits and just copy the profitable traders. That is why also so many prop firms are around where you can "additional capital", it is built and financed from failures of loosing traders. And the profitable traders on props are also copied (so not trading against them). The only thing is that they make sure not to trade against everyone (otherwise that would be suicide and for sure they need to ban profitable traders), then it is a safe place (with a CFD broker or "retail" prop firm like Apex for Futures or MyForexFunds for FX and CFDs e.g.).
     
    Last edited: Aug 8, 2023
    #13     Aug 8, 2023
    murray t turtle likes this.
  4. M.W.

    M.W.

    That is self understood. Of course will most cfd Brokers net client flow. But that is very rarely the case that opposing orders arrive within a certain time window. That means that almost always cfd brokers' interest is stacked against client flow. How cfd brokers treat such opposing interest is obviously a function of their business decisions and how scrupulous or unscrupulous they are.

     
    #14     Aug 8, 2023
    murray t turtle likes this.
  5. %%
    OK;
    not sure i would agree with 120% of that.
    IF a garbage pile has 80% garbage=trash;
    may have 20% treasure LOL same % as FORBES notes/20% profitable on that junk:D:D
    I dont mean junk in an insulting sense; most scrap dealers deal in junk+ profit , same with junk [silver] coin dealers/huge bid /ask spread.
    Forbes[online APR,2023 ]said they also charge overnite interest.
    Interesting no UK capital gains tax or stamp tax. on that junk:caution::caution:[Edit be humble, pride is a great bannana peel.]
     
    #15     Aug 8, 2023
  6. What is a large amount of trades to be banned for? 10 per day.
     
    #16     Aug 16, 2023
  7. Snuskpelle

    Snuskpelle

    You're going to have to elaborate on that. Both why you think that is and what specific CFD platform would have an incentive for that (typically, they want you to trade more, not less).
     
    #17     Aug 16, 2023
  8. nitrene

    nitrene

    Sounds like a modern day bucket shop as described in Reminiscences Of A Stock Operator.
     
    #18     Aug 21, 2023
  9. People call it exactly like that, pound shop or bucket shop. The minimum bet is 1£
     
    #19     Aug 21, 2023
  10. Buy1Sell2

    Buy1Sell2

    Correct
     
    #20     Aug 22, 2023