Brokers using these unethical strategies often Phone Number List offer bonuses to new traders without alerting them to important details. Their money is now tied to a bonus in the broker's account and cannot be withdrawn until they earn a profit above a certain Phone Number List percentage of the bonus. Others are more proactive, but will still seek to Phone Number List prevent withdrawals, and will overwhelm their traders with new
paperwork and an enthusiastic urge to deposit Phone Number List more money into their trading accounts. There have even been reports of traders withdrawing money only because it never made it into their bank accounts. Brokers are known to dishonestly Phone Number List report current market prices. Traders don't have easy access to the flow of information from which they get prices, which allows brokers to manipulate numbers until a trader's profit turns into a loss Phone Number List . This allows brokers to further manipulate trades by hedging traders' bets.
SPECTER tries to break this down by removing Phone Number List the source of the problem; the brokers and the lack of transparency they cause. Oto Suvary, SPECTER R&D Director, wrote: “As we remove the B-Book broker and replace it with immutable smart Phone Number List contracts, we address a major need for our prediction market platform by preventing Phone Number List many forms of global financial fraud.”