Destek Global Journal
|Journal status: |
Destek Global |
- Full listing profile: Destek Global broker profile
Is Destek Global safe?
- Investor protection: no
- Regulation: SCB Bahamas
- Registration: SCB Bahamas
- Publicly traded: no
- Segregated account: no
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Destek Global trusted?
- Information transparency: sufficient
- Customer service: virtually non-existent
- Destek Global website: semi-detailed, updated
- Destek Global popularity (by visitor count): least visited
How Destek Global works
9.6 When the Firm is dealing with the Client, it does so by either passing trades straight through to its liquidity providers, typically known as Straight Through Processing, or are matched up with other traders using the Firm’s Electronic Communication Network (ECN). Both these methods of trading are preferred by many clients, as this execution model allows a firm to make a profit regardless of whether a client is profitable or not. This is due to the fact that the Firm under this set-up never takes the other side of the Client’s trade and simply passes the risk onto its liquidity provider or trading using the Firm’s ECN, which ensures that the interest of the Client and the Firm are aligned. 9.7 If the Firm offsets positions against other clients/brokers, the Firm reserves the right to do so at different prices.
30.3 A number of the Firm’s platforms are designed with safeguards to prevent the Client from incurring a negative balance when trading under normal market conditions. Still, those safeguards may fail making it possible to incur a negative balance while trading. If the Client incurs a negative balance through trading activity on its Account, the Client should inform the Firm’s trade audit team, and the Firm will evaluate the inquiry and report back to the Client with its outcome, which is based on its sole and absolute discretio
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