Re: Some Trades are becoming Brokers & Some Brokers are shutting down their business-
It’s a bitter truth that around 80-90% traders loose in the market & only 10-20% gain in the market, so mostly the trader loose in the market.
When some traders who lost big money and evaluated their trading records found huge brokerage paid to “Brokers”- who actually gained safely that too with just providing a trading platform, which I would say mostly with poor services, so Traders started jumping into broking business, as Sub-brokers the easiest way, without understanding the complexity of this business.
Broking is “service industry” but brokers actually don’t realize that, it’s a complicated business as majority of their client loose money in the market and brokers are helpless as they have nothing to make sure their client actually make money in the market. It’s most difficult to maintain the clients & even more difficult to bring the new clients to this scary market, the reason of many brokers shutting down business.
Brokers are loosing clients as they themselves eaten away the most of money (huge brokerages, hidden charges etc.) of their clients without providing the basic services which a trader/investor expects, the other big reason of loosing clients.
Actual objective of traders/investors is to make money and no broker actually helped them to make money, so “Brokers” not even met their prime expectation and doing nothing on this.
It’s a big topic to debate and can go on & on.
Keep adding your views