An eye-opening look at offshore registrations, fake execution, and how some brokers quietly profit off your trades.☑️ For Instant Funding, check out iFunds: https://link.eatradingacademy.com/hhkrKDiscount and Bonus Codes:PETKO5 to get 5% off all accounts.PETKO-INTERN (10% discount on the Intern Account ($2,500))PETKO1000 (An additional $1000 in funded capital on your Expert Account ($50,000))In this episode, we go behind the scenes of the forex brokerage world with guest Mark Henry, a trader with firsthand experience working at brokerages in Dubai. He reveals shocking truths about how some brokers operate—like B-booking clients, manipulating trades, or paying out of their own pockets when traders win. You’ll learn the difference between offshore and regulated brokers, how much it really costs to get licensed, and why some brokers can offer tight spreads while others can’t. We also unpack risk management from both the trader’s and broker’s perspectives, including leverage, margin, and why some brokers mysteriously “play” with your trades. Whether you're new to trading or think you know the game, this episode will open your eyes to what's happening behind the charts.Chapters:00:00 - Intro 00:00:56 - Why Forex brokers are flocking to Dubai 00:02:09 - Working for a Forex broker in Dubai 00:03:36 - What Mark actually does 00:05:15 - How beginners should choose a broker 00:06:32 - Verifying broker regulation properly 00:08:07 - Offshore regulation risks 00:09:24 - Cost of proper broker licenses 00:10:35 - What happens if a Forex broker shuts down? 00:11:27 - Segregated accounts & regulator oversight 00:13:25 - Trading conditions matter too 00:14:16 - What costs do brokers and clients pay? 00:15:21 - ECN, STP, and how they charge 00:16:05 - A-book vs. B-book brokers explained 00:17:15 - Why B-book brokers profit from your losses 00:18:07 - Market makers and client manipulation 00:19:54 - Can slippage be controlled? 00:20:17 - Broker Spy Mode 00:21:25 - Hybrid brokers: A-book/B-book mix 00:22:48 - Risk management inside brokers 00:24:08 - Should traders care about risk management too? 00:25:08 - Do brokers use automatic systems? 00:25:32 - Does Mark personally trade? 00:26:48 - Alternatives to traditional brokers 00:27:16 - iFunds as a trading solution 00:28:02 - Concerns about iFunds: spreads, regulation, withdrawals 00:29:08 - Is the funded model better than real accounts? 00:29:40 - Understanding leverage and margin 00:33:22 - How swap works in forex 00:36:01 - Best account types for beginners 00:36:27 - STP and regulated accounts 00:37:09 - When is iFunds appropriate? 00:37:56 - Grid-Martingale EAs and iFunds risks 00:38:12 - Summary and final advice 00:39:17 - Trading ≠ investing: Diversify and manage risk 00:40:25 - How much capital should you risk? 00:41:25 - Final thoughts 00:43:14 - Outro 🚀 Visit your brand-new, ground-breaking algo trading platform: https://algotradingspace.com/✅ Our live Accounts' performance here: https://algotradingspace.com/trading-stats/live✅ Our funded trading account performances are shared in real-time here: https://algotradingspace.com/trading-stats/funded❤️ Meet Petko, Sam, Marin, Ilan and the rest of the team in the forum.https://platform.algotradingspace.com/forum/⚠️Do your own due diligence about which EA or strategy you will use for trading.❤️ Let’s connect on social:Facebook: https://www.facebook.com/eaforexacademy/Instagram: https://www.instagram.com/petko.alexandrov/TikTok: https://www.tiktok.com/@petko_alexandrovLinkedIn: https://www.linkedin.com/company/33249615/Twitter: https://twitter.com/EAForexAcademy/✔️ Thanks for watching this podcast titled "What Forex Brokers Don't Want You to Know."🔔 Turn on notifications to never miss a new upload!⚠️ DISCLAIMER: Some links included in the description might be affiliate links, so I might receive a tiny commission if you use my links. But there is no additional cost for you! Thanks for supportin