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A comment on Don't Steal Money from Day Traders Before They Lose It. Parent comment

Re:Don't Steal Money from Day Traders Before They Lose It by brisance on Thursday September 06, 2018 @10:09PM (#17931396)
This is market making and is done in currency markets. Your broker/dealer might be the other party taking the other side of the trade. The argument over there is that as long as you trade major currencies, the market depth and liquidity will ensure narrower bid-ask spreads and that you will not get too raw of a deal.

This is different because it seems the account holders were tricked into believing they were buying/selling securities, which are highly regulated activities.

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Re:Don't Steal Money from Day Traders Before They Lose It by dannyw on Thursday September 06, 2018 @10:30PM (#17931459)
The argument that the market depth and liquidity will ensure narrower bid-ask spreads make no sense. Bucket shops not executing trades don't narrow bid-ask spreads.

Unless you mean, the broker/dealer generally offers fairly competitive spreads and so 10 pips isn't too big of a deal.

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