Because one naturally doesn’t want one’s “broker” to be incentivized for one to lose. But most of the people trading CFD/spot forex don’t even realize that their “broker” or its LP (often owned by the “broker” anyway) is their counterparty: they’re naïve enough to think that currencies are actually changing hands, when they “trade”.
Not me. Just saying what I have seen. Also, bucket shop has a negative connotation. Single dealer platform is more sophisticated.
I agree I am saying they might be preparing for it, perhaps nowing one day in the main jurisdiction Reason it matters is who makes sure that the Counterpart pays up, so in case of true exchanges the Exchange makes sure of that in case of OTC it is wild wild west
True , centralized exchange better than OTC in certain way , better regulated ( having said that if an FCM goes belly up NO Finra protection)
Watch this pro telling how difficult is to make it on Forex. Forex brokers know that very well, that is why they offer you to play with a demo account for 2k.
Why? 1) $2400 fee 2) I manly sell options and I don't think most prop shops allow this, especially naked calls.
I never really understand why one needs a prop firm. I found paper account excellent for developing methodology.