FxPro Help Centre - Glossary

  1. Forex glossary terms and definitions
  2. Boiler Room

Boiler Room

The term was traditionally used to describe a fraudulent brokerage set up to offload unwanted securities belonging to the owners of the firm, typically penny stocks. However, the term has recently been used to describe a company or operation that employs high-pressure selling tactics (e.g calls to potential investors) which are often biased and untruthful.

Other terms in this category

Bid Price
Black Swan Event
Bollinger Bands
Bond

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