Heads they win.
Tails you lose.
Your broker can be the other side of your trade — your loss is its revenue, your win is its cost. Most days that hides behind the spread. On the day it can't, the internal review arrives: the profit cancelled, no clause named, no trade identified — and if you had lost, no review at all. This is the record of who does it, in their own words. Why we keep it →
Inductees
No published entries in this category yet.
Five questions, and a sixth fact
Every entry records the same five questions, answered from the firm's own words: which clause, which trades, what criteria, where is the client's own money, and what it says in public. An honest enforcement answers all five without breaking stride; our inductees answer none. The sixth fact is which corporate entity signed the letter — because the groups that confiscate under an offshore flag do not dare run the playbook on their FCA or CySEC clients, where the clause would not survive. The selectivity is the confession. The rules →