the network of liquidity providers to which the broker is connected to, you trade on behalf of the broker directly against the liquidity providers offering the best"s. The retail trader always pays the bid/ask spread which makes their odds of winning less than those of a fair game. They make a very bad name for the forex industry, and once someone gets his savings stolen by such company, it is very likely he/she will make wide ranging accusations that will harm the reputation of the entire industry, including the legitimate brokers.
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From 2001 to 2007, about 26,000 people lost 460 million in forex frauds. More information can be found on the XMs website, m/account-funding. Today, we do the same thing with XMGroup broker. Trading Features at XM Group Broker. XM Group offers Islamic accounts to clients following the Muslim faith. Maximum trade size of 80 lots (8 million dollars) and up to 400 simultaneous open positions. If the liquidity provider has a spread of 1 pip, the platform will display a spread of 2 pips. Helsinki Times Over 700 criminal complaints on WinCapita -Finnish police, August 13, 2008 External links edit). Commodity Futures Trading Commission (cftc) Release: 4946-0 " Forex Fraud Investor Alert Archived at the Wayback Machine.".