Dirty Brokerage Tricks!
There are some very important factors that you must know if you want to successfully invest into a forex managed account.
The reality is that no trading strategy will work, unless you can find an honest FOREX broker. This is the hardest part of trading and much more of a challenge than the actual trading system itself.
There are two types of brokers. Dealing desk (DD) or ECN/STP. An ECN/STP broker will not interfere with your trades as they make their money on commission on every trade that is taken win or lose.
STP = Straight through processing. What this means is that your trading order will be placed straight through to the liquidity pool provider rather than being placed through a dealing desk.
A Dealing Desk will be aware of where you have placed your stops as they can see this on their systems and therefore they can trade against your positions or run your stops (Sometimes called stop gunning) and the more you win, the more you are red flagged!
So when you join any managed forex account program you want to make sure the fund manager trades the managed account through a true ECN/STP forex broker.
Our managed account is with a very reputable fully FSA regulated ECN/STP broker with a proven corporate solid track record.