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If you trade #forex, #metals, #oil, #crypto, #bonds, #shares, #indices, etc., It's extremely important to send these seven questions to the compliance department of your #broker, insisting on direct YES/NO answers. Ensure they're sent to the compliance department, not just to a support agent.
1. Do you profile your clients into separate books (i.e. A-book / B-book) based on their profitability?
2. Can you categorically state that you DO NOT profit from clients' losses through warehousing client trades?
3. Do you notify clients when you switch them from A to B book?
4. Can your clients increase their leverage without any assessment?
5. Do you provide some form of post trade transparency to demonstrate which liquidity provider filled clients' trades?
6. Do you allow profit share from B-book with any IB's or relationship?
7. Are you willing to disclose how much money you earned from clients' losses in 2022?
1. Do you profile your clients into separate books (i.e. A-book / B-book) based on their profitability?
2. Can you categorically state that you DO NOT profit from clients' losses through warehousing client trades?
3. Do you notify clients when you switch them from A to B book?
4. Can your clients increase their leverage without any assessment?
5. Do you provide some form of post trade transparency to demonstrate which liquidity provider filled clients' trades?
6. Do you allow profit share from B-book with any IB's or relationship?
7. Are you willing to disclose how much money you earned from clients' losses in 2022?
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