Binary Trading platforms aren't 100% fair - page 2.

TheClownSong

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

In contrast to my opinion, even though we trade in centralized exchangers, we trade peer to peer because there are no margin facilities. As far as I know, exchangers get money from transaction fees that we do and if this is multiplied by transactions that occur in a day, I think the value is great

ecnalubma

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

You really don't know how exchanges works. Exchanges got their ton of money from their services fees but trading is about your actions no exchanges will trick you to lose and its you against your decisions alone. Get involve in the real trading platform and not in binary options since their tools are very limited, theyre quiet like a gambling platform though.

shodik007

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Quote from: _IRMAN on November 26, 2019, 09:53:38 PM

Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

What trading platform or Gambling Platform are you referring to? because the words you make are more suitable for the Gambling platform

The Trading Platform does not make profit from your losses, but the trading platform make a profit from the fee

not gambling, he didn't mention gambling in this thread lol. I think he is talking about an exchange platform but not a crypto exchange platform, it is more towards forex and so far I have never experienced what he said in the crypto exchange platform, except in an exchange with the initial HBT, they charge much more trading and withdrawal fees expensive than exchanges in general

_IRMAN

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

What trading platform or Gambling Platform are you referring to? because the words you make are more suitable for the Gambling platform

The Trading Platform does not make profit from your losses, but the trading platform make a profit from the fee

bobyhodob

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Quote from: ajiz138 on November 26, 2019, 09:40:04 PM

All exchanges used have different fee terms. some are cheap and some are expensive. Fees include fees for trading and fees for withdrawals. If you say the exchange platform is unfair you should look at another exchange. Exchange gains from the fees paid by users and this is fair, for the amount of fee depends on the respective exchange platform.

For me its normal we have to think logically, this is very funny if someone wants withdrawal fees and wants to trade as cheaply as possible
those who are exchangers must certainly have a fee for updating their site every time, paying their employees, even they need to feed their families

ajiz138

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All exchanges used have different fee terms. some are cheap and some are expensive. Fees include fees for trading and fees for withdrawals. If you say the exchange platform is unfair you should look at another exchange. Exchange gains from the fees paid by users and this is fair, for the amount of fee depends on the respective exchange platform.

LouVandetta

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win?

Okay, wait, I thought the platform will always be the winner though. Since whether you win or lose, it's still a win-win condition for the platform because they always get the fees from your activities. Either you buy, sell, and withdrawal. So, your point is that a certain trading platform purposely make you lose the trades your're doing?

Quote

always remember that they will never work for free, they want money just as you want money too

If they really want your money, why bother taking fees? They could just take all of your assest and run with it.

NathanJB

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

I don't think your loss will mean the gain of the trading platform. You are not trading against the platform. You are actually trading against other traders. In fact, to be more specific you are trading against yourself. If you are trading with a loss you are giving away your loss to other traders who made it right. But in terms of margin trading, it is against the platform.

leowonderful

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Especially leveraged exchanges make quite a bit of money from market trade fees since you're charged for the full contract size of your trade, even though most leveraged crypto trading exchanges do offer a rebate on fees for market makers to provide liquidity, and leveraged exchanges like Bitmex, Deribit and Bybit also have a liquidation fund to protect themselves from losses in case of a massive wave of liquidations where the liquidation engine's not able to close your trade fast enough. The exchange typically wins no matter what you do from fees alone.

crossabdd

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IQoption, BINOMO, OLYMPITRADE and so on. they are not trading platforms guys. it is a gambling site that is covered with the stock market. why is it gambling? because there you don't buy or sell, but someone just guesses by putting their money in their predictions. if it fails then the money used will be lost predictions. if true, it will increase by 2x. this is the same as bet and dice. then why are they not 100% fair. because all market movements are controlled by the web owner. and someone will be given a profit then dropped without being able to withdraw their assets (0 value)

Aabcde

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As long as I use exchange in buying and selling bitcoin or altcoin, I have never felt disadvantaged by the exchange. Yes many say that exchange can fake volume. But if I think back, maybe this is part of their marketing method to raise a coin which of course there is already an agreement between the dev and the exchange. So in my opinion, as long as we are not harmed, no problem because we only seek profits on the trading platform.

fuer44

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

isn't that a fair thing. and I am the exchanger asking for a fee for every transaction we make, large or small. I told them it wasn't a fraud and they wouldn't be cheating in any other way.

Sacramentus

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

you are quite funny with your analysis on trading platform and who told you they make money when you loose and don't want you to make money? They generate their revenues through fees and want you to trade more . You need to learn how this things works

AmoreJaz

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Quote from: tabas on November 26, 2019, 06:00:11 PM

How long you've been trading? that's why they are centralized because they have their own way of operating and they have to earn to cover their operation cost and why this has been always being discussed by everyone? That's why there are trading fees and there's a withdrawal fee although that fee depends on the network to assess the confirmation time. And they also earn from listing tokens and just because a trader lost, it's not their fault and there's gain because you have to understand that there's a fee every time you trade and that amount isn't big.

maybe the OP is getting a different context of crypto trading here. as a trader, you are bound to lose or win but that situation depends on your decision and not the trading platform.
so being fair is out of the question here. they have set their rules - withdrawal fees, trading fees even before you sign up. so you should know what to expect once you are in their system.
losing in trading is not the exchange's fault. it is the trader's fault in believing what he sees in the charts and acting on it. if you choose a shady exchange more then likely you will be deceive by fake trading movements. so it is really up to the trader how and where he will do his trading and what the results would be...

Polar91

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

Do you have any proof regarding to your claim? Otherwise it's just a false accusation. Trading sites have no reason to cheat to traders because they are making trading through charging trading fees, withdrawal fees, and etc. Some of them are registered meaning there are authrities who are watching them and once thet make something bad, they can be charged and their reputation wouldn't be clean anymore forcing their clients to transfer to another exchanges.

huu78

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Do you differentiate trading such as binary/iqoption and cryptocurrency? Are you kidding? It's obvious it's very different from trading on crypto where we actually hold the coin to be up to it we want it to behold or sold. While in iqoption or binary they just guess and whether win or lose 5 minutes later. Already clear market like Crypto is getting to from many of his transactions and trading fee that is done by the user to buy and sell there.

tabas

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How long you've been trading? that's why they are centralized because they have their own way of operating and they have to earn to cover their operation cost and why this has been always being discussed by everyone? That's why there are trading fees and there's a withdrawal fee although that fee depends on the network to assess the confirmation time. And they also earn from listing tokens and just because a trader lost, it's not their fault and there's gain because you have to understand that there's a fee every time you trade and that amount isn't big.

btc_angela

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Quote from: FireBallex on November 26, 2019, 10:41:41 AM

There is a high chance that trading platforms aren't 100% fair when you are using them because they have to make money too, when you lose its a gain for them and when you win its a loss for them so why will they want you to always win? i've heard complains about few trading platforms that cheats people for example iqoption, always remember that they will never work for free, they want money just as you want money too

I understand you mate, there are a lot of mid-tier exchanges today that simply do fake and wash trading so you need to stay away from them. But at the end of the day you should understand as well that this is business and those capitalist will find ways to make money out of people who are using their services. They need to hire people to maintain their exchanges so of course they needed money. So quit with the notion that they're working for free, everything here has a price.

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If the majority of traders are losers, the trading platforms don't need to cheat anyone, in my opinion. Their average gains are over the 60% afaik, there is no need to increase the trading fees. If the fee-making trading model was not successful, you wouldn't see so much altcoin exchanges around the crypto industry, the truth is the losers aka REKT traders are feeding the trading platforms.

Prompyboo

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trading platforms can be fair because they earn money on commissions and listings of new coins. if they will be not honest with users, then they will lose traders and then new projects will not want to pay for listing on the exchange.

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