Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game

[bittraffic]

Brokers are playing those who are using brokers, those who are trading with any form of broker, and using it on their daily trade. They are being exploited through commission fees, trading fees, liquidation, and every other means necessary that the customer will enrich the broker owners.

You are getting almost all wrong, brokerage is a business and service, a middleman between traders and the market, do you expect them to offer their service for free? Of course, it has to be with tokens, and I don't see how these little tokens they charge translate to playing their clients.

Mind you, there are two types of retail brokers, one is an internal market maker, they earn when their clients lose and they lose when their clients win (paid winning from their pocket. This arrangement is fair, I see no one playing their clients here once they do not deny their withdrawal.

The other one is connected directly to the raw pool of the market, in which their clients win directly from the market and lose to the market. The former however could gain from the trader's loss, spread, commission and swap (which you didn't mention), while the latter will only gain from spread, commission and swap. This is a fiar arrangement since they are deploying their resources and technology to ensure you have access to the market which ordinarily can't be possible without them.

Also, the former can gain from liquidation of position, but the latter can't. Above all, all are dispensing their services with fair marked terms and conditions, it is the choice of anyone to deal with them.

You're all on one page, exchanges ask for fees that's the point. One thing that these brokers exploit is the POS token which its them who stake the tokens for the clients.
Listing the tokens in the exchange is another, this is big when a team wants which I guess many tokens today stay on DEX like 1inch and Uni.

But I think we all can understand that they are also doing business like everyone else who needs to profit. Somehow a person will look at casinos worse than brokers though.

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[fingnome]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

If it's a possibility, why wouldn't they be? The entire casino industry is built upon exploitation and gaining edge over others. This kind of theory is in line with the way the industry inherently is. It would not be at all surprising if this theory were true...though even if the truth was out there, do you think that would stop people from rolling the dice? Will or have you stopped rolling the dice after learning this possible fact? This is the larger, sadder point.

I appreciate your thoughtful perspective, highlighting the possible exploitation inherent in both the casino and brokerage industries. You're absolutely right, the thrill of the game and the hope of winning big will always draw people to casinos, fully aware of the house always having the upper hand. It's a choice made for fun, entertainment, and adrenaline.

However, when it comes to brokerages, the narrative shifts. People enter these platforms intending to invest their savings thoughtfully. The creeping in of gamification and entertainment aspects by brokers is subtly changing the scene. Unbeknownst to many, what started as an investment journey could unwittingly morph into a gamble, devoid of the fun and awareness that accompanies a casino. This subtle and unsuspected transition is where the real concern lies, emphasizing the need for clear delineation and transparency in the brokerage world to protect unsuspecting investors from unintentional risks. Your input greatly enriches this discussion, thank you for sharing.

[fingnome]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Are you talking about brokers or bookies? Many forum members obviously think that you are talking about bookies, but I assume that you are talking about brokers.
This topic belongs to the Gambling Discussion forum(or maybe the Trading Discussion forum).
The brokers, who are doing such shady practices are breaking the law. They must be prosecuted and sentenced guilty.
Nobody is forcing you to use the services of a financial broker. Trading on the financial markets has become more accessible than ever.
Why would anyone want to use a broker nowadays? Some people are falling for various "trading broker" scams, where the brokers are offering "high and guaranteed profits". Those scams have nothing to do with the legal and whitehat financial brokerage.
 

You're right in pointing out the confusion, and yes, I am indeed referring to financial brokers, not bookies. It’s fantastic to hear that you might be using a trustworthy one or avoiding the arena altogether. But consider the instance of Robinhood, embroiled in legal action over the ‘gamification’ of investing. This just echoes my sentiment: some brokers might be blurring the lines, perhaps unknowingly steering their clients towards gambling. This shift underlines my suggestion that maybe they should indeed be bound by similar regulations as gambling institutions, ensuring clear and fair play in the financial field. Your perspective adds depth to this conversation, and I value it.

[livingfree]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

House and brokers are just like the same entities.

They earn from all of us and no matter how good you are, you'll come to that point that you'll end up losing money and then go back again. But it's like that if it's the house that's winning against us, there's a return from us that we'll also win somehow.

While in the brokers, yes, they're in between and they're just like taking comms and nothing to return from gamblers like us because that's how they work on.

[_BlackStar]

Regardless of who benefits between the two then I can only say that they are just part of the industry that serves your needs. Nothing is free and both use their customers to make a profit - it's worth it for what and who they serve, right?

You need the casino to serve you to gamble - so you have to pay them instead of just betting your money. The same thing about brokers - you have to pay trading fees ^{[or whatever]} if you use the facilities they provide and it is all a win to win situation between customers and industry players. There is no blackmail because you have all agreed to the terms of service - if you say it's blackmail then re-read the conditions for using their services.

[el kaka22]

Shouldn't this depend on the agreement? I mean in most cases brokers are the ones that are paying. Let me explain to you how the casino that I worked with was establishing their wins and losses. They had few different games, all from different game providers, which mean they had like 6 if I remember right game providers that gave them about 300 games.

These games were automatically tied like an affiliate, which meant that if you gambled where I worked at that time, the money you lost went to the game provider, and then due to that affiliate income, the casino made some of it back, usually about 3% to 10% depending on the game, and when you lost they lost nothing. So at the end of every month, the casino got paid from the game provider.

[goaldigger]

Regardless of who benefits between the two then I can only say that they are just part of the industry that serves your needs. Nothing is free and both use their customers to make a profit - it's worth it for what and who they serve, right?

That’s correct and I believe both of them benefit a lot from the gamblers so its a win win situation for both parties and as long as they continue to provide quality casino and games, their goal will remain intact. Gamblers are the one who are suffering here, we all know how the casino works and I believe some brokers are also connected with the casinos since they have to get a better partnership or else they will not make money here.

[Johnyz]

Regardless of who benefits between the two then I can only say that they are just part of the industry that serves your needs. Nothing is free and both use their customers to make a profit - it's worth it for what and who they serve, right?

That’s correct and I believe both of them benefit a lot from the gamblers so its a win win situation for both parties and as long as they continue to provide quality casino and games, their goal will remain intact. Gamblers are the one who are suffering here, we all know how the casino works and I believe some brokers are also connected with the casinos since they have to get a better partnership or else they will not make money here.

Its their business so there's money involve for sure and with Broker, they are doing this since then, it takes a good profit for you to stay with the gambling industry.
If there's a secret partnership with both parties just to take advantage of the gambler then its scary, better not to use any broker or any third party games if you're afraid of this.
Casinos can't do everything alone, and having a broker or a third party provider is the best option for them to offer a great services.

[Z390]

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

Now if we are talking about which one is more reliable my answer will be none, you want a loyal broker? You have to find one, because there are many fake brokers out there that want you use you and your money.

It's not that different from gambling too as there are also many fake or bad casinos online this days, for example, the crazy 1xbit casino that scams their customers and are still in the business till today, crazy, isn't that crazy?

To round up my opinion, i believe that wherever there is money there will always be bad actors who will come as your solution by they came only yo take advantage of you, some people willingly stay away from every money making online because of bad actors, they are so scared of becoming their next victims.

[3kpk3]

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

So many people in this thread clearly have no idea who betting brokers are and are mixing them up with other kinds of brokers. Betting brokers provide punters access to popular sites which restrict their countries.

Examples include sites like Betfair, Pinnacle etc. They earn through commissions on winning and losing bets.

[fingnome]

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

So many people in this thread clearly have no idea who betting brokers are and are mixing them up with other kinds of brokers. Betting brokers provide punters access to popular sites which restrict their countries.

Examples include sites like Betfair, Pinnacle etc. They earn through commissions on winning and losing bets.

You've hit the nail on the head, and I appreciate your clarity. My oversight in not specifying the type of brokers has evidently caused some mix-up. Your elucidation about betting brokers and their operation is spot-on. I should have been more precise in my initial post to avoid this confusion. Betting brokers, providing access to popular sites, play a different role compared to financial brokers and the issues concerning them. Your insight is essential in keeping this discussion well-rounded and accurate. Thank you for bringing this to light.

[Ever-young]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

I believe the crypto exchanges are the ones playing the money game on their traders more here, then it's followed by the casino's the forex are design in such a way that they win when their traders lose and lose when there traders win although they manipulate the market sometimes to be in their favour.

The exchange sucks with their means of earning from their customers, from taking from their commission fee, then followed by the fee they also charge when customers withdraw, and they use customers deposit to make money especially when the customer use the staking option where they end up rewarding the staker with just little APR.

Then the Casino is design to favour their owners, unless on those games which the outcome can be verified outside the casino like the sport betting, things like slot game and those random number generator games always happen to outsmart the players which in turns give them more chance of earning more than the players, so they are also playing the money game in their own way on their gamblers.

[_BlackStar]

-snip-

That’s correct and I believe both of them benefit a lot from the gamblers so its a win win situation for both parties and as long as they continue to provide quality casino and games, their goal will remain intact. Gamblers are the one who are suffering here, we all know how the casino works and I believe some brokers are also connected with the casinos since they have to get a better partnership or else they will not make money here.

Of course - I have to say it because developers know how to exploit this growing industry for profit. Casinos and Brokers are a necessity regardless of how they attract customers – meaning they expect money if someone uses their services.

I wouldn't expect someone promoting casinos in their signature space to complain that the casino industry was created to squeeze its customers - this is the exact opposite of what they are promoting. Every gambler should be aware only after they agree to the TOS.

[Fatunad]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

I believe the crypto exchanges are the ones playing the money game on their traders more here, then it's followed by the casino's the forex are design in such a way that they win when their traders lose and lose when there traders win although they manipulate the market sometimes to be in their favour.

The exchange sucks with their means of earning from their customers, from taking from their commission fee, then followed by the fee they also charge when customers withdraw, and they use customers deposit to make money especially when the customer use the staking option where they end up rewarding the staker with just little APR.

Then the Casino is design to favour their owners, unless on those games which the outcome can be verified outside the casino like the sport betting, things like slot game and those random number generator games always happen to outsmart the players which in turns give them more chance of earning more than the players, so they are also playing the money game in their own way on their gamblers.

Trying to elaborate on how these things do make money then it would really be sharing up on the same scheme on which it would really be just that so right that they would really be that be always having the advantage
among into its users.It might really be looking up something that really manipulative or decieving but this is how business do works or on how this industry do really acts out. They are making money on the service that they do give.

Example.
1. Exchanges-  Trading fees, withdrawal fees
2. Casinos/Gambling sites - Peoples/gamblers losses,fees etc.

Checking it out then it would really be just the same but what matter the most on here is that if they do really just give out their fair approach and service without deceiving out their users then it should be fine.
You arent really that been forced on using up the platfor or service that they do have. You could really deal up with things with your own free will and to mind off about on how they do make money
then thats how that typical cycle do circles around.You dont like such system? Then there's nothing you can do with that.

Important thing on here is that you could be having a choice because if you do go for Trading then expect fees would be there but its not something that huge that you would really be making yourself that too stress of.
Speaking about leisure time then losing is inevitable because it would really be pertaining about on how lucky you are but we know that as long those results are fair and square then
it is something that be on least concern i should say.

[3kpk3]

Important thing on here is that you could be having a choice because if you do go for Trading then expect fees would be there but its not something that huge that you would really be making yourself that too stress of.

Fees aren't really huge in casinos or brokers basically. They usually range from 0% - 3% based on what I observed which isn't really high. However, the ones that charge no fees at all should be applauded.

Cryptocurrencies like LTC, Doge etc are the primary reason why these fees are so low which is why I appreciate them even more.

[Wind_FURY]

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

Now if we are talking about which one is more reliable my answer will be none, you want a loyal broker? You have to find one, because there are many fake brokers out there that want you use you and your money.

I believe you didn't understand. OP is debating that "Brokers" are not just "raking" in proftis through fees/commissions, but that they're also raking profits through the bids and the asks spreads, which is partly true, BUT how can they continue market-making if they keep losing money in the same market that they're market-making?

🤔

It's not that different from gambling too as there are also many fake or bad casinos online this days, for example, the crazy 1xbit casino that scams their customers and are still in the business till today, crazy, isn't that crazy?

To round up my opinion, i believe that wherever there is money there will always be bad actors who will come as your solution by they came only yo take advantage of you, some people willingly stay away from every money making online because of bad actors, they are so scared of becoming their next victims.

Read OP's post again and try to get it from his/her actual context.

[fingnome]

Shouldn't this depend on the agreement? I mean in most cases brokers are the ones that are paying. Let me explain to you how the casino that I worked with was establishing their wins and losses. They had few different games, all from different game providers, which mean they had like 6 if I remember right game providers that gave them about 300 games.

These games were automatically tied like an affiliate, which meant that if you gambled where I worked at that time, the money you lost went to the game provider, and then due to that affiliate income, the casino made some of it back, usually about 3% to 10% depending on the game, and when you lost they lost nothing. So at the end of every month, the casino got paid from the game provider.

Shouldn't this depend on the agreement? I mean in most cases brokers are the ones that are paying. Let me explain to you how the casino that I worked with was establishing their wins and losses. They had few different games, all from different game providers, which mean they had like 6 if I remember right game providers that gave them about 300 games.

These games were automatically tied like an affiliate, which meant that if you gambled where I worked at that time, the money you lost went to the game provider, and then due to that affiliate income, the cas

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

Now if we are talking about which one is more reliable my answer will be none, you want a loyal broker? You have to find one, because there are many fake brokers out there that want you use you and your money.

I believe you didn't understand. OP is debating that "Brokers" are not just "raking" in proftis through fees/commissions, but that they're also raking profits through the bids and the asks spreads, which is partly true, BUT how can they continue market-making if they keep losing money in the same market that they're market-making?

🤔

It's not that different from gambling too as there are also many fake or bad casinos online this days, for example, the crazy 1xbit casino that scams their customers and are still in the business till today, crazy, isn't that crazy?

To round up my opinion, i believe that wherever there is money there will always be bad actors who will come as your solution by they came only yo take advantage of you, some people willingly stay away from every money making online because of bad actors, they are so scared of becoming their next victims.

Read OP's post again and try to get it from his/her actual context.

You bring up a valid point, and there seems to be a bit of a misunderstanding. My argument is not against brokers who are also dealers or engaged in market-making. I'm specifically discussing brokers like Robinhood, which, as you pointed out, don't engage in market-making themselves but sell order flow to other entities that do. This situation illustrates the variety within the brokerage industry, and it's crucial to delineate these differences to fully grasp the landscape and the various ways brokers can generate revenue beyond traditional fees and commissions.

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

I believe the crypto exchanges are the ones playing the money game on their traders more here, then it's followed by the casino's the forex are design in such a way that they win when their traders lose and lose when there traders win although they manipulate the market sometimes to be in their favour.

The exchange sucks with their means of earning from their customers, from taking from their commission fee, then followed by the fee they also charge when customers withdraw, and they use customers deposit to make money especially when the customer use the staking option where they end up rewarding the staker with just little APR.

Then the Casino is design to favour their owners, unless on those games which the outcome can be verified outside the casino like the sport betting, things like slot game and those random number generator games always happen to outsmart the players which in turns give them more chance of earning more than the players, so they are also playing the money game in their own way on their gamblers.

Trying to elaborate on how these things do make money then it would really be sharing up on the same scheme on which it would really be just that so right that they would really be that be always having the advantage
among into its users.It might really be looking up something that really manipulative or decieving but this is how business do works or on how this industry do really acts out. They are making money on the service that they do give.

Example.
1. Exchanges-  Trading fees, withdrawal fees
2. Casinos/Gambling sites - Peoples/gamblers losses,fees etc.

Checking it out then it would really be just the same but what matter the most on here is that if they do really just give out their fair approach and service without deceiving out their users then it should be fine.
You arent really that been forced on using up the platfor or service that they do have. You could really deal up with things with your own free will and to mind off about on how they do make money
then thats how that typical cycle do circles around.You dont like such system? Then there's nothing you can do with that.

Important thing on here is that you could be having a choice because if you do go for Trading then expect fees would be there but its not something that huge that you would really be making yourself that too stress of.
Speaking about leisure time then losing is inevitable because it would really be pertaining about on how lucky you are but we know that as long those results are fair and square then
it is something that be on least concern i should say.

Absolutely, I completely acknowledge the necessity for brokers to earn through commissions and fees for the services they provide. My concern, as you've noted, arises when brokers use gamification tactics to entice individuals into making trades they might not otherwise have considered. This strategy blurs the lines between investing and gambling. When brokers push individuals to trade more frequently to earn points or achieve levels, it shifts the focus from smart, intentional investing to a more casino-like environment where frequency trumps thoughtfulness. This is where I see the potential for harm and manipulation, veering away from the fundamental purpose of investing platforms.

[Wind_FURY]

Correct me if I am wrong as no one is the most perfect being in this world, brokers are supposed to be for forex traders? Am I wrong or right? Because I believe that comparing gambling with brokers makes no sense.

Now if we are talking about which one is more reliable my answer will be none, you want a loyal broker? You have to find one, because there are many fake brokers out there that want you use you and your money.

I believe you didn't understand. OP is debating that "Brokers" are not just "raking" in proftis through fees/commissions, but that they're also raking profits through the bids and the asks spreads, which is partly true, BUT how can they continue market-making if they keep losing money in the same market that they're market-making?

🤔

It's not that different from gambling too as there are also many fake or bad casinos online this days, for example, the crazy 1xbit casino that scams their customers and are still in the business till today, crazy, isn't that crazy?

To round up my opinion, i believe that wherever there is money there will always be bad actors who will come as your solution by they came only yo take advantage of you, some people willingly stay away from every money making online because of bad actors, they are so scared of becoming their next victims.

Read OP's post again and try to get it from his/her actual context.

You bring up a valid point, and there seems to be a bit of a misunderstanding. My argument is not against brokers who are also dealers or engaged in market-making. I'm specifically discussing brokers like Robinhood, which, as you pointed out, don't engage in market-making themselves but sell order flow to other entities that do. This situation illustrates the variety within the brokerage industry, and it's crucial to delineate these differences to fully grasp the landscape and the various ways brokers can generate revenue beyond traditional fees and commissions.

Can you make a clear illustration about how a broker like RobinHood actually does their business, and explain how they are taking advantage of their users? Because what I know about RobinHood is they send their users' bids/asks to a market-maker which then it's the market-maker that's getting their commissions from RobinHood for their service.

In a different context, RobinHood might be more comparable to a internet casino. RobinHood = Directs users' actions to market-makers. Internet casinos = directs actions to providers.

[AmoreJaz]

-snip-

That’s correct and I believe both of them benefit a lot from the gamblers so its a win win situation for both parties and as long as they continue to provide quality casino and games, their goal will remain intact. Gamblers are the one who are suffering here, we all know how the casino works and I believe some brokers are also connected with the casinos since they have to get a better partnership or else they will not make money here.

Of course - I have to say it because developers know how to exploit this growing industry for profit. Casinos and Brokers are a necessity regardless of how they attract customers – meaning they expect money if someone uses their services.

I wouldn't expect someone promoting casinos in their signature space to complain that the casino industry was created to squeeze its customers - this is the exact opposite of what they are promoting. Every gambler should be aware only after they agree to the TOS.

definitely, this business at the end of the day should generate revenue because of what they offer as services. otherwise, they will go bankrupt. this is why, whether casinos, or these brokers, they are here to earn money. they may have different strategies but the bottomline is to earn profits from their customers.
as a promoter of their services, and as a player, you should know your responsibilities. of course, you should not say negative criticisms to the industry that you are promoting of.

[GxSTxV]

I used to work as a forex trader before so I had to learn few things about brokers to chose the best for me. I learned that there are actually two types or more of brokers in which both work differently. The first type called No Dealing Desk which is the safest and better option in my opinion even with lowest fees just bigger minimum deposit because they deal directly with banks and offer the same market rates globally.
While the second type is called Dealing Desk or market maker brokers, These brokers have their own platform and their prices are not directly related to market rates. Sometimes in my experience with them they can be manipulative and intentionally cause traders to lose the big trades by moving the price significantly until the trader account blow up, because they profit when traders lose opposite of the first type where they earn a percentage of every trade you open as fees or what they call spread and regardless of which direction your trade goes.

 I also believe that brokers can be quite risky and many of them especially the second type (Dealing Desk), can be pure scam and forbid you when you want to withdraw your money. There’s more topics and articles about exposing brokers than casinos so you decide which one is more manipulative.



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