Do forex brokers want traders to fail?

[Zack M]

I don’t think so. Usually, regulated brokers are looking for good traders to earn commission on the lots they trade. They’d have no interest in having one-shot clients, especially if they’re trying to grow the platform healthily.

[Elliot Harris]

No, I don't believe so. Typically, regulated brokers seek out good traders to earn revenue from the number of lots they trade. They would want something other than one-time clients, especially if they seek to build the platform sustainably. For instance, FreshForex offers several technical tools and materials to enhance traders' success.

[uncle gober]

Regulation should be taken into consideration when choosing a broker. With clear regulations in place, our capital is secure, and we can experience comfort during our trading activities. This is something I have personally felt since joining Tickmill as my broker.

[Fin_Trader]

It depends on what brokers you are talking about. There are real scammers who make money by losing their clients' deposits. And there are reputable and reliable brokers like fxopen, who earn their income through commissions from successfully trading traders and, accordingly, they are not interested in traders losing their deposits, since they will also have no income.

[maspluto]

That is why careful consideration is necessary when choosing a broker, as the broker serves as a bridge for traders to engage in forex trading. Hence, I chose to join Tickmill, allowing me to execute trades comfortably and securely.
 

[Nilde Lucchese]

Forex brokers generally do not want traders to fail, as their profits often come from trading volumes and spreads. However, brokers may benefit from traders' losses in certain business models. Ethical brokers focus on providing tools and support to help traders succeed.