EDUCATION   BEGINNER GUIDE  

The Secret Your Broker Doesn't Want You to Know 🕵️

Beginner Guide  |  September 11, 2026  |  Source: Followme Academy

When you click Buy, someone's on the other side of that trade. Most traders never think to ask who.

Sometimes it's a total stranger, matched to you automatically through a system called ECN. The broker just takes a small commission and steps out of the way completely. But sometimes it's your own broker, and that changes the whole picture. Under what's called the Market Maker model, when you profit, they actually lose money on that trade. When you lose, they gain.

Plenty of brokers handle this responsibly, hedging their exposure so it stays fair either way. But some quietly hold onto losing trades instead of passing them along, a practice called B-Booking, and there's no announcement when it happens.

One way to check: look for a separate commission line on your trades. If it's there, you're probably trading against the real market. If it's missing and the spread feels a bit wide, there's a decent chance you're trading against your own broker.

Full breakdown of how all three models actually work here👇

Read the Full Guide

Disclaimer: Followme Academy content is provided for educational purposes only and does not constitute investment advice or a recommendation to trade. Trading leveraged products carries a high level of risk and may not be suitable for all investors.

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