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Old 01-11-2004, 18:15   #63
united46
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James

You may take offence at this but none is intended. You say you've never had a problem with fxcm.

Could this be because you are an IB for them? I'm assuming you get a pip kickback on each trade??? Thus, they know that you will always trade client money as you make something each time, right or wrong. Thus, they make the spread on each and every turn. At 2 to 10 mill a pop, you make them a lot of money and Pittsburgh may confirm this, as a winning trader doing decent size, they may actually hedge your trades in the Ib market anyway??? That is pretty standard practice for brokers with winning clients doing decent size.

I make this comment because I notice some other traders managing third party money have started refusing the "bung" to avoid any accusations of churning.

As I said, this is meant to cause no offence as I know you are not a scalper type trader so this is less of an issue in your case. But could it be that they keep you sweet because of this?

Regards

UNited

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