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REPORT ABUSIVE REPLY
Message Subject Anyone else into Currency trading?
Poster Handle Reece2076
Post Content
Over the counter forex trading is a scam.
The money is not segregated, it is all in one big brokers account.
And he will trade your own money against your position in order to keep your deposit.
And also alter the spread constantly so you can never profit.
Currency futures on the other hand are segregated the broker doesn't have access to your money, they can only take out fees and losses and add profits after the trading day is through.
Currency options the same, they cant trade your own money against you.
But, they can trade against you with their own money but anyone can do that.
 Quoting: Anonymous Coward 736733

I don't know about all that. I trade directly within my bank account, which can be held in all the major currencies. I've looked into online Forex accounts but decided to stick to using my bank for various reasons.
 
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