just asking for an opinion

[NewbieScalper]

is that true many brokers out there are making a profit with our loses?

 

[Fin_Trader]

Yes, it is true that some forex brokers can make money on their clients' losses, but this does not apply to all brokers. Therefore, you need to take the choice of a company for trading seriously. To avoid trading with a fraudulent broker, I chose a company regulated by recognized financial authorities (for example, my broker is regulated by the reputable FCA), which obliges the broker to comply with strict rules and requirements and minimizes the likelihood of fraud and market manipulation. Also, when choosing a broker, you should pay attention to its length of operation in the market, check reviews and reputation.