An eye-opening look at offshore registrations, fake execution, and how some brokers quietly profit off your trades.

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Discount and Bonus Codes:

PETKO5 to get 5% off all accounts.

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In this episode, we go behind the scenes of the forex brokerage world with guest Mark Henry, a trader with firsthand experience working at brokerages in Dubai. He reveals shocking truths about how some brokers operate—like B-booking clients, manipulating trades, or paying out of their own pockets when traders win. You’ll learn the difference between offshore and regulated brokers, how much it really costs to get licensed, and why some brokers can offer tight spreads while others can’t. We also unpack risk management from both the trader’s and broker’s perspectives, including leverage, margin, and why some brokers mysteriously “play” with your trades. Whether you're new to trading or think you know the game, this episode will open your eyes to what's happening behind the charts.

Chapters:

00:00 - Intro

00:00:56 - Why Forex brokers are flocking to Dubai

00:02:09 - Working for a Forex broker in Dubai

00:03:36 - What Mark actually does

00:05:15 - How beginners should choose a broker

00:06:32 - Verifying broker regulation properly

00:08:07 - Offshore regulation risks

00:09:24 - Cost of proper broker licenses

00:10:35 - What happens if a Forex broker shuts down?

00:11:27 - Segregated accounts & regulator oversight

00:13:25 - Trading conditions matter too

00:14:16 - What costs do brokers and clients pay?

00:15:21 - ECN, STP, and how they charge

00:16:05 - A-book vs. B-book brokers explained

00:17:15 - Why B-book brokers profit from your losses

00:18:07 - Market makers and client manipulation

00:19:54 - Can slippage be controlled?

00:20:17 - Broker Spy Mode

00:21:25 - Hybrid brokers: A-book/B-book mix

00:22:48 - Risk management inside brokers

00:24:08 - Should traders care about risk management too?

00:25:08 - Do brokers use automatic systems?

00:25:32 - Does Mark personally trade?

00:26:48 - Alternatives to traditional brokers

00:27:16 - iFunds as a trading solution

00:28:02 - Concerns about iFunds: spreads, regulation, withdrawals

00:29:08 - Is the funded model better than real accounts?

00:29:40 - Understanding leverage and margin

00:33:22 - How swap works in forex

00:36:01 - Best account types for beginners

00:36:27 - STP and regulated accounts

00:37:09 - When is iFunds appropriate?

00:37:56 - Grid-Martingale EAs and iFunds risks

00:38:12 - Summary and final advice

00:39:17 - Trading ≠ investing: Diversify and manage risk

00:40:25 - How much capital should you risk?

00:41:25 - Final thoughts

00:43:14 - Outro

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Materials and opinions provided here are intended solely for informational purposes for prospective clients and does not constitute investment advice made by the presenter and/or the Company. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.

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