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

[BenCodie]

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.

I think that we hope that entertainment, fun and adrenaline are motives. Though every time someone mentions a casino or someone online is discussing online casinos, the topic is more about the change in balance than it is about the experience.

You are right about brokerages and I see what you mean, however a good practical example of one that other parties can see first hand and compare with your posts, might be very useful for your points.

You are very right about the dangers that come with subtle, unsuspected involvement in gambling when it comes to what is thought to be investing.

Your input greatly enriches this discussion, thank you for sharing.

Thank you, likewise. Your recent posts have been refreshing to read from a new member. Keep up the thought you are putting into your posts and I'll surely end up being a supporter of yours

[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.

I think that we hope that entertainment, fun and adrenaline are motives. Though every time someone mentions a casino or someone online is discussing online casinos, the topic is more about the change in balance than it is about the experience.

You are right about brokerages and I see what you mean, however a good practical example of one that other parties can see first hand and compare with your posts, might be very useful for your points.

You are very right about the dangers that come with subtle, unsuspected involvement in gambling when it comes to what is thought to be investing.

Your input greatly enriches this discussion, thank you for sharing.

Thank you, likewise. Your recent posts have been refreshing to read from a new member. Keep up the thought you are putting into your posts and I'll surely end up being a supporter of yours

Thank you for your thoughtful insights. Your perspective is spot-on, and it helps to steer this conversation towards its essence. The pivotal concern should indeed revolve around humanity and well-being. Casinos, despite their issues, are straightforward about their purpose as a source of entertainment, albeit with potential pitfalls. On the other hand, brokerages encouraging excessive intraday trading through subtle gamification techniques pose a serious issue. Unlike casinos, they mask the risks with an illusion of investment, leaving many oblivious to the potential financial peril. This dangerous gray area certainly does not qualify as entertainment, and it's crucial to highlight and address this distinction to safeguard individuals' financial and mental well-being.

[fingnome]

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.



Picture source here

I appreciate your detailed insight, and it resonates with my own experiences. With 15 years of working on the Forex dealing floor of major banks worldwide, I have navigated the nuances of this industry intimately. You accurately differentiated between No Dealing Desk and Dealing Desk brokers, and your insights into their operations are spot on.

But I want to shift the focus to a specific area often overlooked, known colloquially as "Forex Kitchen." These entities are not the big whales with banking or broker dealer licenses. They operate in shadows, offering staggering leverage of 5-50x to inexperienced traders. This setup is arguably more perilous than casinos, as it not only lures the unaware into a risky trading environment but also leaves them stranded with almost inevitable losses.

You're right about the manipulative tactics of Dealing Desk brokers. In the "Forex Kitchen," the A & B book model is alarmingly simple. The A book contains clients who, with little experience and high leverage, are expected to lose. Their trades are not covered; the broker just waits for the inevitable loss. The B book, for larger trades, is routed through international liquidity providers to avoid the risk on the broker's end. This segregation and manipulative handling underscore the significance of understanding and exposing these operations for the trading community's collective security and success.

[BenCodie]

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.

I think that we hope that entertainment, fun and adrenaline are motives. Though every time someone mentions a casino or someone online is discussing online casinos, the topic is more about the change in balance than it is about the experience.

You are right about brokerages and I see what you mean, however a good practical example of one that other parties can see first hand and compare with your posts, might be very useful for your points.

You are very right about the dangers that come with subtle, unsuspected involvement in gambling when it comes to what is thought to be investing.

Your input greatly enriches this discussion, thank you for sharing.

Thank you, likewise. Your recent posts have been refreshing to read from a new member. Keep up the thought you are putting into your posts and I'll surely end up being a supporter of yours

Thank you for your thoughtful insights. Your perspective is spot-on, and it helps to steer this conversation towards its essence. The pivotal concern should indeed revolve around humanity and well-being. Casinos, despite their issues, are straightforward about their purpose as a source of entertainment, albeit with potential pitfalls. On the other hand, brokerages encouraging excessive intraday trading through subtle gamification techniques pose a serious issue. Unlike casinos, they mask the risks with an illusion of investment, leaving many oblivious to the potential financial peril. This dangerous gray area certainly does not qualify as entertainment, and it's crucial to highlight and address this distinction to safeguard individuals' financial and mental well-being.

I am glad to have positively contributed

I and I am sure many others would like to learn and read more about this shadow industry of brokering. I have an idea of it, but as you go into more detail I don't believe that my knowledge of the topic is anywhere near the level of which yours sits. Do you have any resources or links on hand for further reading and education? I am sure that if brokers are any worse than casinos, they will do a good job at covering up any available information exposing their business or downsides. I hope you have some further reading for us anyway

[Sandra_hakeem]

I see casinos as being really open to making much more funds than them brokers... That could be untrue but, that's exactly the way I see it.
Brokers are bearing the charges to whatever sever they're connected to - whatever they make is determined by every trader's spread ; lot sizes and every other commission including the disallowing of minimal cash capital below 5 dollars.
The percentage of peeps that indulge in gambling isn't compatible to the little that trade currency pairs or crypto...

Sandra 🧑‍🦰

[wiss19]

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.

That's exactly the point, we know that they are earning money from us, but we are the ones who are using the services they are providing, so we can't really say that they are exploiting us or using us for their own benefit because that's not entirely true. If you are a crypto day trader and you use a centralized exchange for your trades, you are getting to use the tools and services provided by them and that is what they are charging you for.

Similarly, when you are gambling on a platform, you are basically getting the opportunity to gamble and they are the ones providing you the opportunity, so if they charge you a percentage of your wins just as a fee for their services, there is nothing wrong in that and they truly deserve that for what they are doing for you.

So, both brokers and gambling houses are only getting what they are working for just like any other business in the world.

[Fivestar4everMVP]

Well, there is never a time we can or should compare an business owner to the customer, for the customer will always be at the mercy of the business owner..

What exactly am I saying? A Forex broker, or a gambling casino, both are business owned by someone of some group of persons, what is their mission?, to sell what we want to us and by so doing, make profit for themselves, and this is understandable because, no body in their right sense ever starts a business wit the intention of losing, so the same way traders are mostly at the mercy of the brokers, so also are gamblers at the mercy of the casino, same way every customer are at the mercy of every business they patronize, its hard to believe but it's the truth.

[fingnome]

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.

That's exactly the point, we know that they are earning money from us, but we are the ones who are using the services they are providing, so we can't really say that they are exploiting us or using us for their own benefit because that's not entirely true. If you are a crypto day trader and you use a centralized exchange for your trades, you are getting to use the tools and services provided by them and that is what they are charging you for.

Similarly, when you are gambling on a platform, you are basically getting the opportunity to gamble and they are the ones providing you the opportunity, so if they charge you a percentage of your wins just as a fee for their services, there is nothing wrong in that and they truly deserve that for what they are doing for you.

So, both brokers and gambling houses are only getting what they are working for just like any other business in the world.

I totally get where you're coming from. Yes, businesses should earn for their services. But here's the heartache: When you enter a casino, you know you're rolling the dice, taking a chance. It's the thrill, the risk, and we embrace it knowingly. But when you approach a forex broker, you're thinking strategy, investment, foresight. It's not a game; it's your hard-earned money. So when hidden tactics push you towards gambling instead of trading, it feels like a betrayal. It's not about fees; it's about trust. It's about stepping into a space expecting clarity and being met with shadows.

[LUCKMCFLY]

Casinos like brokers have their way of making money as the business progresses, obviously the bookmakers win when they have a good streak in which they manage to sell the shares that they are assigned, it is normal, it is their way of life. sell, the casinos are a company above all, they will sell but in another way, everyone knows the advantage of the casinos, they have their own options to do things well, and that they are acceptable, so that is why this industry of gambling and the exchanges, of the brokers, each one earns whatever, but who makes more money than the other, the truth is I wouldn't know? It could be that someone dedicates themselves to studying the statistics to determine who can earn more or less, but it is something that It doesn't make any sense, I have seen casinos that have the options so you can do a quick tab, especially the casinos that are decentralized, and that have the most moving ones in the current market.

There are many ways to present things well, or present them badly, we are the ones who decide how to spend our money, how to invest it, how to use it, if we want to invest in the stock market, in some actions that the brokers give us, well why not? It can be done, there is a lot at stake there, but we have to take into consideration that when we are in a casino the ones who decide are us and no one else, we are the ones who hear the risk, based on our money, if we want multi Spending our money, we are the ones who take the risk of betting too much or too little, depending on what is appropriate for the person, a person can spend a lot of money in a casino, and still be happy, a person spends a lot in a broker and he may not be happy with what he does, because that's not his thing, so this is a set of assumptions that can be made to be Able to determine if what we are doing is right or wrong, it's all a decision.

[fingnome]

Casinos like brokers have their way of making money as the business progresses, obviously the bookmakers win when they have a good streak in which they manage to sell the shares that they are assigned, it is normal, it is their way of life. sell, the casinos are a company above all, they will sell but in another way, everyone knows the advantage of the casinos, they have their own options to do things well, and that they are acceptable, so that is why this industry of gambling and the exchanges, of the brokers, each one earns whatever, but who makes more money than the other, the truth is I wouldn't know? It could be that someone dedicates themselves to studying the statistics to determine who can earn more or less, but it is something that It doesn't make any sense, I have seen casinos that have the options so you can do a quick tab, especially the casinos that are decentralized, and that have the most moving ones in the current market.

There are many ways to present things well, or present them badly, we are the ones who decide how to spend our money, how to invest it, how to use it, if we want to invest in the stock market, in some actions that the brokers give us, well why not? It can be done, there is a lot at stake there, but we have to take into consideration that when we are in a casino the ones who decide are us and no one else, we are the ones who hear the risk, based on our money, if we want multi Spending our money, we are the ones who take the risk of betting too much or too little, depending on what is appropriate for the person, a person can spend a lot of money in a casino, and still be happy, a person spends a lot in a broker and he may not be happy with what he does, because that's not his thing, so this is a set of assumptions that can be made to be Able to determine if what we are doing is right or wrong, it's all a decision.

Absolutely, your points are valid and it's true that at the end of the day, every individual has the power of choice. However, isn't it about transparency and understanding the playing field? With casinos, the odds are clear, the risks apparent. But when it comes to brokers, are most people fully aware? You mention the intellectual person, but what about the vast majority who aren't in the know? Are they truly aware of the subtle nudges brokers employ to encourage more trading? Or are they unknowingly being steered into making decisions they might not have otherwise? Isn't it essential for everyone, regardless of their level of understanding, to have a clear picture?

[LUCKMCFLY]

Casinos like brokers have their way of making money as the business progresses, obviously the bookmakers win when they have a good streak in which they manage to sell the shares that they are assigned, it is normal, it is their way of life. sell, the casinos are a company above all, they will sell but in another way, everyone knows the advantage of the casinos, they have their own options to do things well, and that they are acceptable, so that is why this industry of gambling and the exchanges, of the brokers, each one earns whatever, but who makes more money than the other, the truth is I wouldn't know? It could be that someone dedicates themselves to studying the statistics to determine who can earn more or less, but it is something that It doesn't make any sense, I have seen casinos that have the options so you can do a quick tab, especially the casinos that are decentralized, and that have the most moving ones in the current market.

There are many ways to present things well, or present them badly, we are the ones who decide how to spend our money, how to invest it, how to use it, if we want to invest in the stock market, in some actions that the brokers give us, well why not? It can be done, there is a lot at stake there, but we have to take into consideration that when we are in a casino the ones who decide are us and no one else, we are the ones who hear the risk, based on our money, if we want multi Spending our money, we are the ones who take the risk of betting too much or too little, depending on what is appropriate for the person, a person can spend a lot of money in a casino, and still be happy, a person spends a lot in a broker and he may not be happy with what he does, because that's not his thing, so this is a set of assumptions that can be made to be Able to determine if what we are doing is right or wrong, it's all a decision.

Absolutely, your points are valid and it's true that at the end of the day, every individual has the power of choice. However, isn't it about transparency and understanding the playing field? With casinos, the odds are clear, the risks apparent. But when it comes to brokers, are most people fully aware? You mention the intellectual person, but what about the vast majority who aren't in the know? Are they truly aware of the subtle nudges brokers employ to encourage more trading? Or are they unknowingly being steered into making decisions they might not have otherwise? Isn't it essential for everyone, regardless of their level of understanding, to have a clear picture?

Well, what I think about this is that when one refers to brokers as stockbrokers, it is another thing, they are interested in you as a client spending money and that they have spent money, what does that mean? In the case of brokers, they are interested in having enough money deposited in them and letting the card go and see how they use it, then there is the stockbroker who tells or calls the person to tell them that there is an opportunity in the market. , which is a stock that is low, but that in a short time can go up quite a bit, even up to x10, but in reality the broker does not know it, because what he wants is to sell and collect his commission , that is what this is about There is no other way out but that, basically people are sometimes fooled, especially those who have a lot of money, who talk to them about actions or things that they have to do three times as much as they have and that turns out to be a lot of lies.

And that is something that is good for stockbrokers, for them it is excellent that they can do something like that, because they know very well that when it comes to how to know if they can generate better results, it is by selling in some way, and that is what they They do, now with the casinos it is something else, each casino has its different point of view, they win because the player plays, bets, and if he loses they win, if the gambler wins, they lose , but based on the advantage of the house Well, they have many options to be able to win, because their basic business is winning due to the number of players who will enter and spend, that's what this is about, and the more customers, the better because there is more opportunity for them to win, they are based only on the advantage from the house and that is enough to guarantee the Business, of course in the casinos there is everything, there are players who are small, medium, large, and well they basically stick to doing things as they believe it is in vain to multiply their identity, Something like that for me is what brokers do, but in a different context.

[fingnome]

Casinos like brokers have their way of making money as the business progresses, obviously the bookmakers win when they have a good streak in which they manage to sell the shares that they are assigned, it is normal, it is their way of life. sell, the casinos are a company above all, they will sell but in another way, everyone knows the advantage of the casinos, they have their own options to do things well, and that they are acceptable, so that is why this industry of gambling and the exchanges, of the brokers, each one earns whatever, but who makes more money than the other, the truth is I wouldn't know? It could be that someone dedicates themselves to studying the statistics to determine who can earn more or less, but it is something that It doesn't make any sense, I have seen casinos that have the options so you can do a quick tab, especially the casinos that are decentralized, and that have the most moving ones in the current market.

There are many ways to present things well, or present them badly, we are the ones who decide how to spend our money, how to invest it, how to use it, if we want to invest in the stock market, in some actions that the brokers give us, well why not? It can be done, there is a lot at stake there, but we have to take into consideration that when we are in a casino the ones who decide are us and no one else, we are the ones who hear the risk, based on our money, if we want multi Spending our money, we are the ones who take the risk of betting too much or too little, depending on what is appropriate for the person, a person can spend a lot of money in a casino, and still be happy, a person spends a lot in a broker and he may not be happy with what he does, because that's not his thing, so this is a set of assumptions that can be made to be Able to determine if what we are doing is right or wrong, it's all a decision.

Absolutely, your points are valid and it's true that at the end of the day, every individual has the power of choice. However, isn't it about transparency and understanding the playing field? With casinos, the odds are clear, the risks apparent. But when it comes to brokers, are most people fully aware? You mention the intellectual person, but what about the vast majority who aren't in the know? Are they truly aware of the subtle nudges brokers employ to encourage more trading? Or are they unknowingly being steered into making decisions they might not have otherwise? Isn't it essential for everyone, regardless of their level of understanding, to have a clear picture?

Well, what I think about this is that when one refers to brokers as stockbrokers, it is another thing, they are interested in you as a client spending money and that they have spent money, what does that mean? In the case of brokers, they are interested in having enough money deposited in them and letting the card go and see how they use it, then there is the stockbroker who tells or calls the person to tell them that there is an opportunity in the market. , which is a stock that is low, but that in a short time can go up quite a bit, even up to x10, but in reality the broker does not know it, because what he wants is to sell and collect his commission , that is what this is about There is no other way out but that, basically people are sometimes fooled, especially those who have a lot of money, who talk to them about actions or things that they have to do three times as much as they have and that turns out to be a lot of lies.

And that is something that is good for stockbrokers, for them it is excellent that they can do something like that, because they know very well that when it comes to how to know if they can generate better results, it is by selling in some way, and that is what they They do, now with the casinos it is something else, each casino has its different point of view, they win because the player plays, bets, and if he loses they win, if the gambler wins, they lose , but based on the advantage of the house Well, they have many options to be able to win, because their basic business is winning due to the number of players who will enter and spend, that's what this is about, and the more customers, the better because there is more opportunity for them to win, they are based only on the advantage from the house and that is enough to guarantee the Business, of course in the casinos there is everything, there are players who are small, medium, large, and well they basically stick to doing things as they believe it is in vain to multiply their identity, Something like that for me is what brokers do, but in a different context.

Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?

[delfastTions]

Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?

Yeah!  I think that indeed brokers are, to a very large extent, psychologists who are obviously aimed at one single result in the form of receiving money from the client. 
Usually a broker is presented to a person who is not experienced in matters of broker activity as such a very knowledgeable person who will not commit any stupid or rash actions with the client’s money and will definitely increase the client’s capital.  On the other hand, the broker looks at the client just like a psychologist, and the main question here is how such a client will behave in case of failure.  And the second question is what percentage of the profit, if successful, will this client agree to.  These assessments obviously then go into deciding how the broker should communicate with such a person.  And here the broker can use various manipulative tactics.  He can imagine himself from a dashing cowboy who succeeds in everything, to a thoughttful and meticulous accountant in glasses who will accurately calculate everything. 

Of course, I cannot call these nuances of the broker’s behavior deception, or even less call them fraud, but they are definitely a performance played out in front of the client for one single and understandable purpose.

[LUCKMCFLY]

Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?

Yeah!  I think that indeed brokers are, to a very large extent, psychologists who are obviously aimed at one single result in the form of receiving money from the client. 
Usually a broker is presented to a person who is not experienced in matters of broker activity as such a very knowledgeable person who will not commit any stupid or rash actions with the client’s money and will definitely increase the client’s capital.  On the other hand, the broker looks at the client just like a psychologist, and the main question here is how such a client will behave in case of failure.  And the second question is what percentage of the profit, if successful, will this client agree to.  These assessments obviously then go into deciding how the broker should communicate with such a person.  And here the broker can use various manipulative tactics.  He can imagine himself from a dashing cowboy who succeeds in everything, to a thoughttful and meticulous accountant in glasses who will accurately calculate everything. 

Of course, I cannot call these nuances of the broker’s behavior deception, or even less call them fraud, but they are definitely a performance played out in front of the client for one single and understandable purpose.

From all this, what we must take as a lesson is that in trading, based on what trading and the market are, things are calculated and must be done this way and not left to chance, which is very different from the management that It is done in a casino, I have also seen that many brokers that are being banned, there is a large blacklist of brokers because they have a very bad reputation, they are not recommended, for that reason we are always looking for the best broker with the best of all the opinions on the part of their traders, also that some brokers make certain operations lose on purpose, and that is something that is not ethical, however, I say it very sadly because I have been in brokers like that, and it is angry that they do lose yourself through a stop loss and once they touch it they follow the normal course of the chart, as well as the broker is quite reserved regarding the right of admission to certain countries, which seems quite stupid to me, but there are brokers like that, The same thing has happened to me in forex.

With respect to cryptobrokers, I have not had much experience, because the mere fact that the KYC is very demanding, is something that bothers me, and that I do not like to go on, because in part they require many documents that are difficult to keep in mind. oncasinos and there are also others that do not accept a type of identification, it happened to me that I could not register even with my driver's license, because at that time I lost my passport, and they did not accept my registration, so it is just the case that sometimes they can They may seem very stupid but some traders like me do not recommend it to their friends, and I have many friends who trade and I tell you, do not get involved there because of the amount of things they demand, that they do, and possibly do not process a withdrawal, As happened to me recently, I have not been able to make a withdrawal of money, they do not accept a withdrawal to another account that is not mine, due to a problem that I currently have with one of those accounts.

[Ojima-ojo]

Business is business actually, there is no need to get jealous, like I will always say, if I find a business to be very profitable, and that I can make profit with zero chances of a loss, I definitely will go into the business if I have the money and connection to set and start up the business, we live in a free world after all, with enough money and the right connection, anybody and get the license to run what ever kind of business they so wish or desire to run.

Brokers might be winning with every single trade we carry out, and this they do with zero risk of loses, but rest assured that, they also have their challenges to battle with, there is no business in this could without any form of challenge, their challenges might not be in term of making profit, but in other aspects like government, regulations, paying taxes and so on.

[delfastTions]

Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?

Yeah!  I think that indeed brokers are, to a very large extent, psychologists who are obviously aimed at one single result in the form of receiving money from the client. 
Usually a broker is presented to a person who is not experienced in matters of broker activity as such a very knowledgeable person who will not commit any stupid or rash actions with the client’s money and will definitely increase the client’s capital.  On the other hand, the broker looks at the client just like a psychologist, and the main question here is how such a client will behave in case of failure.  And the second question is what percentage of the profit, if successful, will this client agree to.  These assessments obviously then go into deciding how the broker should communicate with such a person.  And here the broker can use various manipulative tactics.  He can imagine himself from a dashing cowboy who succeeds in everything, to a thoughttful and meticulous accountant in glasses who will accurately calculate everything. 

Of course, I cannot call these nuances of the broker’s behavior deception, or even less call them fraud, but they are definitely a performance played out in front of the client for one single and understandable purpose.

From all this, what we must take as a lesson is that in trading, based on what trading and the market are, things are calculated and must be done this way and not left to chance, which is very different from the management that It is done in a casino, I have also seen that many brokers that are being banned, there is a large blacklist of brokers because they have a very bad reputation, they are not recommended, for that reason we are always looking for the best broker with the best of all the opinions on the part of their traders, also that some brokers make certain operations lose on purpose, and that is something that is not ethical, however, I say it very sadly because I have been in brokers like that, and it is angry that they do lose yourself through a stop loss and once they touch it they follow the normal course of the chart, as well as the broker is quite reserved regarding the right of admission to certain countries, which seems quite stupid to me, but there are brokers like that, The same thing has happened to me in forex.

With respect to cryptobrokers, I have not had much experience, because the mere fact that the KYC is very demanding, is something that bothers me, and that I do not like to go on, because in part they require many documents that are difficult to keep in mind. oncasinos and there are also others that do not accept a type of identification, it happened to me that I could not register even with my driver's license, because at that time I lost my passport, and they did not accept my registration, so it is just the case that sometimes they can They may seem very stupid but some traders like me do not recommend it to their friends, and I have many friends who trade and I tell you, do not get involved there because of the amount of things they demand, that they do, and possibly do not process a withdrawal, As happened to me recently, I have not been able to make a withdrawal of money, they do not accept a withdrawal to another account that is not mine, due to a problem that I currently have with one of those accounts.

Yeah, you are right, sometimes brokers make such cunning transaction schemes that as a result, part of the money is deliberately wasted and the client may well lose part of what he gave to the broker.  And these actions cannot even be called fraud because these actions do not fall under those considered fraud in accordance with criminal law.  This is interpreted by the broker as simplly failures in the transaction or a risky transaction that did not take place.  And everything here is generally completely legal.  All that remains is to somehow inform the client about the failure of the investment without causing any serious litigation. 
I think that most brokers go through such scenarios in their activities.

[LUCKMCFLY]

Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?

Yeah!  I think that indeed brokers are, to a very large extent, psychologists who are obviously aimed at one single result in the form of receiving money from the client. 
Usually a broker is presented to a person who is not experienced in matters of broker activity as such a very knowledgeable person who will not commit any stupid or rash actions with the client’s money and will definitely increase the client’s capital.  On the other hand, the broker looks at the client just like a psychologist, and the main question here is how such a client will behave in case of failure.  And the second question is what percentage of the profit, if successful, will this client agree to.  These assessments obviously then go into deciding how the broker should communicate with such a person.  And here the broker can use various manipulative tactics.  He can imagine himself from a dashing cowboy who succeeds in everything, to a thoughttful and meticulous accountant in glasses who will accurately calculate everything. 

Of course, I cannot call these nuances of the broker’s behavior deception, or even less call them fraud, but they are definitely a performance played out in front of the client for one single and understandable purpose.

From all this, what we must take as a lesson is that in trading, based on what trading and the market are, things are calculated and must be done this way and not left to chance, which is very different from the management that It is done in a casino, I have also seen that many brokers that are being banned, there is a large blacklist of brokers because they have a very bad reputation, they are not recommended, for that reason we are always looking for the best broker with the best of all the opinions on the part of their traders, also that some brokers make certain operations lose on purpose, and that is something that is not ethical, however, I say it very sadly because I have been in brokers like that, and it is angry that they do lose yourself through a stop loss and once they touch it they follow the normal course of the chart, as well as the broker is quite reserved regarding the right of admission to certain countries, which seems quite stupid to me, but there are brokers like that, The same thing has happened to me in forex.

With respect to cryptobrokers, I have not had much experience, because the mere fact that the KYC is very demanding, is something that bothers me, and that I do not like to go on, because in part they require many documents that are difficult to keep in mind. oncasinos and there are also others that do not accept a type of identification, it happened to me that I could not register even with my driver's license, because at that time I lost my passport, and they did not accept my registration, so it is just the case that sometimes they can They may seem very stupid but some traders like me do not recommend it to their friends, and I have many friends who trade and I tell you, do not get involved there because of the amount of things they demand, that they do, and possibly do not process a withdrawal, As happened to me recently, I have not been able to make a withdrawal of money, they do not accept a withdrawal to another account that is not mine, due to a problem that I currently have with one of those accounts.

Yeah, you are right, sometimes brokers make such cunning transaction schemes that as a result, part of the money is deliberately wasted and the client may well lose part of what he gave to the broker.  And these actions cannot even be called fraud because these actions do not fall under those considered fraud in accordance with criminal law.  This is interpreted by the broker as simplly failures in the transaction or a risky transaction that did not take place.  And everything here is generally completely legal.  All that remains is to somehow inform the client about the failure of the investment without causing any serious litigation. 
I think that most brokers go through such scenarios in their activities.

Yes, and the truth is there are many who always do this as a kind of mockery , because there are people who do not know much about what brokers are and how Everything related to brokers works, because there are some who do make very high deposits , and then they don't respond to them for anything, they prefer that they lose the money and not give them a good Return on it, also one day I came across a broker where they asked for KYC at the Beginning, I did it, but before withdrawing my money everything was a worse Protocol, because they asked me for more Papers, plus it was difficult to get those documents at that time , it took About 3 months until I was finally able to get that money, but I never went to that broker again , because it seemed to me They are somewhat fraudulent with their very simple procedures, I Would not be able to do Things well if I came across brokers of that style, not only for brokers but with the forex aspect as well , especially what I said above, the stop loss lines They make it sound and they Return to the normality of the movement, and they believe that one as a market speculator does not Realize it.

With respect to the casino, well, it is something else, now what is most difficult and difficult is that when you have to do something you must always comply with the KYC requirements and that is already in all the casinos, the one that had the least problem was freebitco.in , but at this point they are already asking for KYC, which seems very bad to me, and it is a shame because this platform for me was the best Everywhere and now with this, they fall into the worst of the rest, it gives a I'm a bit angry that they become like this , but that's life , Everyone is already Falling into stupid regulations that aren't even worth mentioning , for that reason I in the casinos Recommend to everyone that I can grab almost anything that is Reliable, of high Reputation who have children who are still reliable and who do not let themselves fall into new casinos who don't even Know Anything.

[delfastTions]

With respect to the casino, well, it is something else, now what is most difficult and difficult is that when you have to do something you must always comply with the KYC requirements and that is already in all the casinos, the one that had the least problem was freebitco.in , but at this point they are already asking for KYC, which seems very bad to me, and it is a shame because this platform for me was the best Everywhere and now with this, they fall into the worst of the rest, it gives a I'm a bit angry that they become like this , but that's life , Everyone is already Falling into stupid regulations that aren't even worth mentioning , for that reason I in the casinos Recommend to everyone that I can grab almost anything that is Reliable, of high Reputation who have children who are still reliable and who do not let themselves fall into new casinos who don't even Know Anything.

All these endless KYC identity verifications are definitely evil for players in crypto casinos and it is obvious that they piss players off all the time. 
Especially when this happens unexpectedly and you are unable to get your winnings that you need.  Well, such a disgrace as waiting 3 months for the transfer of money honestly earned by a player and also endlessly sending scans of some documents to some casino that is not at all authorized by state authorities, which actually violates laws on personal data - this  already the height of cynicism and self-will.  And this is naturally a violation of one of the fundamental human rights under international law. 

It would be great if in the USA there was a grokup of serious lawyers who, through the courts, would create a precedent for illegality and KYC requirements in specific cases and would judge a person’s right to remain anonymous when playing in a casino. 
Let's hope that this will happen in the foreseeable future.

[mak013]

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?

It is so. In trading if you win - someone lose. But the broker get his commission from both of traders. In the casino if the gambler win - the casino lose. It is more honest. But the casino has their own tricks to get profit. In trading the broker commission is small enough, but the casino get all the prize.
This is the difference between broker and casino: the casino risks but get a big prize, the broker is safe, but the profit is small for every deal.

[Slow death]

With respect to the casino, well, it is something else, now what is most difficult and difficult is that when you have to do something you must always comply with the KYC requirements and that is already in all the casinos, the one that had the least problem was freebitco.in , but at this point they are already asking for KYC, which seems very bad to me, and it is a shame because this platform for me was the best Everywhere and now with this, they fall into the worst of the rest, it gives a I'm a bit angry that they become like this , but that's life , Everyone is already Falling into stupid regulations that aren't even worth mentioning , for that reason I in the casinos Recommend to everyone that I can grab almost anything that is Reliable, of high Reputation who have children who are still reliable and who do not let themselves fall into new casinos who don't even Know Anything.

All these endless KYC identity verifications are definitely evil for players in crypto casinos and it is obvious that they piss players off all the time. 
Especially when this happens unexpectedly and you are unable to get your winnings that you need.  Well, such a disgrace as waiting 3 months for the transfer of money honestly earned by a player and also endlessly sending scans of some documents to some casino that is not at all authorized by state authorities, which actually violates laws on personal data - this  already the height of cynicism and self-will.  And this is naturally a violation of one of the fundamental human rights under international law. 

It would be great if in the USA there was a grokup of serious lawyers who, through the courts, would create a precedent for illegality and KYC requirements in specific cases and would judge a person’s right to remain anonymous when playing in a casino. 
Let's hope that this will happen in the foreseeable future.

It seems to me that this measure is not just coming from the US government, but rather coming from many countries, as in cases of increasing terrorism in the world, the governments of first world countries have started to put tough KYC measures, but this measure is still it did not affect the cryptocurrency market, this is because the cryptocurrency market is not a regulated market, there are no laws on cryptocurrencies, the US governments, like many governments, accept that their citizens use cryptocurrencies, but these governments have not yet made laws on cryptocurrencies. but as this market started to move a lot of money and unfortunately, many large mixer sites began to appear that were involved in serious crimes

and also in this market, a few years ago, anonymity coins were very popular and terrorists and criminals used these anonymity coins a lot, so governments had no other choice and put kyc measures in place for exchange sites, in the beginning it was not mandatory and like many exchanges do not have company headquarters, just as many casinos do not have physical offices, so casino owners did not need to comply with these laws, but crypto exchanges and casinos began to sponsor real-world events, and with that the entities of the owners of the exchanges and casinos was revealed and as in the past many exchange owners, when arrested, were accused of money laundering, so casinos and exchanges started to force people to do kyc