Spike traders can make a huge amount of money, this is why some brokers don’t like us Because our trading method is the only one I know of that will give more or less guaranteed profits. The brokers don’t like this because nearly all of them are the counterparty to the other side of your trades… If you win… they lose.. its simple.
Even brokers that say they are ECN, or STP, are no different. There are only a handful of brokers who really are a true ECN.
So when we win… we win big, this is when the problems start, as the brokers think that they can use a whole host of excuses to not pay out profits. This is extremely common… and no successful Spike trader will go through life without being scammed by at least one bad broker.
You need to factor it in to your business plan….. It is a reality of life.
If you have been scammed… please email me and tell me about it.
Here’s a list of brokers that have Scammed me.. or at least tried! ……..
I will add more… when my disputes are over!