I've had edge from time to time. Still once in a while Not what it used to be. Edge now is buying and holding all the cryptos I can find .
I feel you're dragging me into an unnecessary Bill Clintonesque "that depends on what your definition of is is" thing but I'll entertain you. People know what fraud is. It's not a complicated concept. There is also a legal definition. There are also enforcement standards from CFTC, SEC and NFA. Look at some of the enforcement actions against these cancerous scum. They're all publicly available at these agencies' websites. It should give you a good idea of what constitutes fraud in their eyes. Wrong. The disclaimer you're referring does not preclude the scammer from committing fraud and/or warranting an enforcement action from the regulators. Simple examples. I fake my "track record". I make fraudulent claims. I say I was a Goldman trader and I wasn't. Etc. I say I trade for a living and I haven't made a trade in years. Etc, etc. It's really not rocket science. No, it's about fraud. Fraud is bad. Could 99% of trading educators being frauds have something to do with 95% of retail traders being losers?
Here's a good sample CFTC action vs someone who should die from testicular cancer. Enjoy! http://www.cftc.gov/PressRoom/PressReleases/pr7464-16
You do have a point with this company. Inspite of the CFTC action, they are still in operation: - they seem to have changed their family names http://www.schooloftrade.com/team.php The pics might even be heavily photoshopped - they are still implying false claims via "customers reviews" http://www.sidewaysmarkets.com/2010/02/schooloftradecom-review.html May be the penalties are far too light. I guess if they had to repay all their customers, including the clients' time with interests, and add to it some prison time, may be theese business owners would have looked for something else to do. Also, there must be a good market for people who can turn experienced traders into profitable traders.
What a bizarre response, they couldn't care less if they lose 100% as long as they can replace them. You seem to have the illusion that retail have the same access as everyone else, rather than the reality that each provider is structured to their core distribution. In music a musician receives a fraction of the percentage of royalties, retail being the bottom of the food chain is no different, everyone wants to get paid and as long as it's not done visibly more or less anything goes.
Nonsense. Unless the retail trader is trying to scalp or something his data/execution disadvantage does not make or break his profitability.