NexusFi: Find Your Edge


Home Menu

 





Do/can brokers replicate your trades? If yes, on our end can we do anything?


Discussion in Traders Hideout

Updated
    1. trending_up 1,406 views
    2. thumb_up 11 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Do/can brokers replicate your trades? If yes, on our end can we do anything?

  #1 (permalink)
 
AllSeeker's Avatar
 AllSeeker 
Mumbai, India
Legendary Pratik_4Clover
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
Frequency: Daily
Duration: Minutes
Posts: 1,423 since Jan 2019
Thanks Given: 5,245
Thanks Received: 5,006

I just saw a post in the new hot topic on this forum, and as usual, this has my curiosity rabbit jumping up again but I don't want to post in that thread as it would be off topic and the main topic of the thread is very serious.

So, not too long ago, one of my friend was telling me that his broker has a "star trader" list, its a list of the traders who are making profitable trades over certain period of time and have certain gains in their accounts.

What this broker is doing is copying trades of these people+/-spread, this to me is very serious possibility and while I do not know truth behind the matter, today I was reminded of it by the post in new popular topic here.

Is this possible? Are there any real "Regulations" against this? Or is it even possible to regulate it?

This broker is very big in India and has a very large client base, probably in top 2-3 brokers in country of 1.4bn, that has to be very big. And since I don't have any evidence other than "rumor", I will not mention the name. But, I do want to know if this is happening or has happened with others, doesn't matter from where and through which broker and if anything we on our end can do to stop it other than changing the broker.

Little note, in India, generally platforms and data are both part of broker package, and I'm assuming here that if any broker is really up to these kind of practices, he can certainly pull it off.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
43 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #2 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192

Good Question. No idea about India but I would think assume this is illegal in the US, but as they say, assumption is the mother of all F*** Ups!

In reality you would need to be either a) so good or b) so big to make this worthwhile I can't see how this would happen. I personally think the average Joe Smith who thinks somebody is intentionally stopping out his 1 lot trade has no idea how big markets are.

Reply With Quote
  #3 (permalink)
 
AllSeeker's Avatar
 AllSeeker 
Mumbai, India
Legendary Pratik_4Clover
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
Frequency: Daily
Duration: Minutes
Posts: 1,423 since Jan 2019
Thanks Given: 5,245
Thanks Received: 5,006



SMCJB View Post
Good Question. No idea about India but I would think assume this is illegal in the US, but as they say, assumption is the mother of all F*** Ups!

Yes, and I'm not trying to be an alarmist here but authorities are usually doing catching up as far as these issues go. Generally they are more focused in the area of misuse of account holders holdings and money. And even after that its very common for broking houses to get shut down in India for the same crimes, so its not that farfetched to consider this "rumor" with possibility of being true. But that's pretty much it atm..Idk anything else.


SMCJB View Post
In reality you would need to be either a) so good or b) so big to make this worthwhile I can't see how this would happen. I personally think the average Joe Smith who thinks somebody is intentionally stopping out his 1 lot trade has no idea how big markets are.

Completely agree on that, but the person in question in my case was not really complaining about getting stopped out, it was more in line with "whenever I put in order for certain amount and qty of lot I see another just spread+/- in the same direction, in same qty and if I cancel mine it is also cancelled"

Tbh, no one would notice this kind of thing in index or liquid instruments, but its noticeable in otm strikes in little less interesting scripts.

Having said that, judging by overall lack of interest for this, I guess general opinion in this is clear.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on December 12, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts