Binary Trading platforms aren't 100% fair - page 3.

tenakha

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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 platforms are you talking about? Because, most functional exchanges do not work in this way. In trade, you are the buyer, I am the seller and the exchange is escrow. Exchange is something that makes profit from this service. If there is a system as you say, look for the problem there.

There are hundreds of sites that can be an alternative to IQoption and give you demo money to try yourself. Products with strong marketing are not the only products in the world.

GrosWesh

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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

Yes I agree with you but there is something that is priceless: the trust of customers. They have an interest in taking care of their consumers. Binance, for example, understood it ! (which probably does not prevent them from mowing us a little, but it's done 'intelligently').

jacafbiz

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Trading platforms are set up to make profit, we all know that. They always make money no matter the direction of the market, when the price is going up, they take their profit and when it is going down, they also take their profit, but there is something that people don't give them credit for, securing ones asset, because they are hotspot for hackers they need to be up and running with their security.

armanda90

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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

There are also those use fake data to deceive their members,this is a very unfair act. Now there are many trading markets that have appear and want to benefit by deceiving their members.We must be very careful in using their platforms,so that our funds will not be uselessly lost.

kro55

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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

Trading platforms are always the winner whether you buy or sell, they have fix fee which they charge against every transactions. Centralized trading platform are nothing but a middlemen and middlemen cant be fair 100%. One of aim of CC was to get rid of this third party middle man but unfortunately centralized crypto exchanges are killing this objective of CC.

Colt81

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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 my own opinion, Everything is not really fair when it comes to money because everyone will do anything for them to buy the things that they wanted, that is why trading platforms have a portion in every trade that you make. But i think trading platforms is still fair because they not literally steals money from you, so it's fine to me if they have a small portion in my trades.

JCviggen

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That's why you need to choose large trading platforms and not use any garbage that is created every day. There are already many exchanges with good experience and reputation. why do you need to use those in which you are not sure and which can cheat you

uray

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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 think you missing the point how the exchanges function, these exchanges are not dealing with the coins, they just facilitate other people to trade and they earn money through trading charges whether you purchase the coins or you sell the coins, but right now majority of the exchanges show fake volumes and that will stop when regulations become strict for exchanges.

JahriMeayer

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You are wrong, the exchange makes money from our trading fees if you buy or sell a platform asking for a fee of 0.5% to 2% for every order made so if the price goes up or down it is not the exchange that controls the price

electronicash

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iqoption is binary trading platform, they are usually sketchy.

the only reason why some of them don't sound fair is that some crypto exchanges has higher withdrawal fees. i have not heard of people comparing the trading fees to another exchange though but it probably matter if there is no exchange tokens you bought for your transactions which you may see it unfair. generally trading platforms in crypto are good as long as they are reputable.

oktana

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iqoption etc. focus on binary, forex and cfd systems. Brokers like this always have problems with many system changes that are suspected of deceiving users.

not the same compared to exchanges that only focus on crypto (deribit, bitmex etc.), costs and futures contracts are more equitable. When wick occurs it is also more transparent and does not originate from the exchange system itself. I do not confirm 100% correct, but suspicion is not so valid for popular crypto exchanges.

kceekcee

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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

This is wrong; on exchange platforms you don’t lose to the exchange or gain from the exchange
You lose to co buyers and gain from co sellers

Exchange platform make money from trade fee usually very low and withdrawal fees which are low or high
Don’t blame trade loss or gain on exchange

nelson4lov

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Top Crypto Casino

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

Contrary to popular opinions here, Crypto exchanges/trading platforms operate differently from forex brokers. While forex brokers trade against you while charging you commissions for spreads and fees, Crypto exchanges mainly make profits from maker/taker fees. The math is simple. The more users on your platform that are 'actively' trading, The more the exchange profits.

semobo

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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

Manipulation happens on every exchange but they are not going to change the prices by themselves because they didn't set price for any trades only traders doing this means they have no control over it but they might delay your withdrawal which might give some funds as staking opportunity but they are mostly making money from fee and commission from trading.

CjMapope

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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 could agree with this, at the end of the day lets remember one thing about exchanges: They are in this game for the $$$, that is ALL : /
IMO many exchanges do their OWN wash trading, AND fake volume, two tactics to draw users and make more money
Given the decentralized nature of them, they dont really have to worry about governing bodies monitoring them (well the big places like polo do, but not places like STEX)
SO much shady shit happens on exchanges, its just too tempting for it not too i fear Sad

key4co.in

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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 really understand your point when you wrote "when you lose its a gain for them and when you win it's a loss for them", this is obviously not applicable. Do you mean for instance when I make profit trading on Binance it's a loss for them? That's not even reasonable since trading platforms will always make funds from trading and withdrawal fees so long as users trade. Maybe you should understand the concept of trading, or maybe I didn't get your point of view.

ChrisPop

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Trading platforms are fair enough and they shouldn't impact your PnL from trading activities unless you use bucket shops which run with your money. Of course that Bitmex has those server overload "problems" that could make people get stuck in their positions and thus holding a position more than necessary and possibly making a larger loss or even get liquidated, BUT you shouldn't encounter the same problem on the other exchanges like Deribit, Binance, Coinbase, Bitfinex, Kraken, Bybit, etc.

An important fact: exchanges usually get their commissions from transacted volume not from losses or gains.

LuckyBtc

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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

Exchanges make money on trading fees, Large exchange like Binance make quite hefty sum from fees and other services, They made $70 million something in Q1. On trading platforms it's either you, me or whales lose/win but exchange make their money from fees.

Fappanu

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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

The price of each coin is volatile per second, and the exchange does not profit if you win or lose in your trade. Because of every trade you have in exchanges it has small fees, and if you withdraw as well.

So what you are aiming for is the voltile price, so you can avoid it especially if you have patience and if you are updated on the hourly price.

NoirSuccubus

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I don’t fully understand what you're talking about, buddy. Are you sure you understand what you're talking about? Nobody plays against you, relax.

Topic: Binary Trading platforms aren't 100% fair - page 3. (Read 500 times)