Can brokers piggyback on their customers? | Reviews of Brokers and Data Feeds - futures trading strategies, market news, trading charts and platforms

Reviews of Brokers and Data Feeds

Review and discuss futures brokers, their requirements and features, or ask questions about brokers and data feeds


Can brokers piggyback on their customers?

  #9 (permalink)

Chicago, Illinois
Trading Experience: Intermediate
Platform: Ninja
Favorite Futures: ES
Posts: 76 since Mar 2013
Thanks: 708 given, 52 received

nathanologist View Post
Every time I've talked with anybody from my broker from the Sales to Customer Support to Trade Desk they've had no idea what my returns are. They don't seem to have access to my account balances or anything. So... I guess if you're making a lot of trade desk calls instead of software executions there might be an intercept along the way... But I don't think the average personnel have that kind of access.

If I owned a brokerage and wanted to do this, I would only copy the trades of the top couple customers. I doubt they'd have any interest in making less money when they could make more. I also don't think they'd give access to just anyone who works there. I would imagine if anyone did it, it would be the people at the top of the company.

The main question I had was if there was anything in place to keep this from happening. Doesn't sound like there is.

Reply With Quote