{"id":2545,"date":"2026-03-12T09:05:34","date_gmt":"2026-03-12T09:05:34","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2545"},"modified":"2026-03-12T09:05:34","modified_gmt":"2026-03-12T09:05:34","slug":"broker-neni-vas-nepritel-proc-za-ztraty-na-burze-nemuze-platforma","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2026\/03\/12\/broker-neni-vas-nepritel-proc-za-ztraty-na-burze-nemuze-platforma\/","title":{"rendered":"Broker nen\u00ed v\u00e1\u0161 nep\u0159\u00edtel: Pro\u010d za ztr\u00e1ty na burze (ne)m\u016f\u017ee platforma"},"content":{"rendered":"\n<p>V roce 2026 je investov\u00e1n\u00ed dostupn\u011bj\u0161\u00ed ne\u017e kdy d\u0159\u00edve. D\u00edky mobiln\u00edm aplikac\u00edm a nulov\u00fdm poplatk\u016fm se do sv\u011bta kapit\u00e1lov\u00fdch trh\u016f zapojily miliony Evropan\u016f. Podle aktu\u00e1ln\u00edch dat ESMA (Evropsk\u00fd org\u00e1n pro cenn\u00e9 pap\u00edry a trhy) objem retailov\u00fdch obchod\u016f v EU v posledn\u00edch dvou letech stabiln\u011b roste, p\u0159i\u010dem\u017e jen v roce 2025 se po\u010det aktivn\u00edch drobn\u00fdch investor\u016f zv\u00fd\u0161il o v\u00edce ne\u017e 15 %.<\/p>\n\n\n\n<p>S t\u00edmto trendem v\u0161ak vzr\u016fst\u00e1 i stinn\u00e1 str\u00e1nka: vlna st\u00ed\u017enost\u00ed na brokersk\u00e9 platformy. Mnoho u\u017eivatel\u016f, kte\u0159\u00ed po s\u00e9rii ne\u00fasp\u011b\u0161n\u00fdch obchod\u016f p\u0159i\u0161li o kapit\u00e1l, se c\u00edt\u00ed sv\u00fdm podvedeno. Realita je ale \u010dasto prost\u0161\u00ed \u2013 trh nen\u00ed h\u0159i\u0161t\u011b a broker nen\u00ed v\u00e1\u0161 protihr\u00e1\u010d, ale pouze prost\u0159edn\u00edk.<\/p>\n\n\n\n<p><strong>Regulace chr\u00e1n\u00ed pravidla, ne v\u00e1\u0161 zisk<\/strong><\/p>\n\n\n\n<p>Je kl\u00ed\u010dov\u00e9 rozli\u0161ovat mezi nekal\u00fdm jedn\u00e1n\u00edm a tr\u017en\u00edm rizikem. Pokud v\u00e1\u0161 broker podl\u00e9h\u00e1 regulaci EU (nap\u0159. licence \u010cNB\/NBS nebo jin\u00e9ho org\u00e1nu v r\u00e1mci MiFID II), mus\u00ed dodr\u017eovat p\u0159\u00edsn\u00e1 pravidla:<\/p>\n\n\n\n<ul><li>Odd\u011blen\u00ed majetku: Va\u0161e pen\u00edze mus\u00ed b\u00fdt dr\u017eeny odd\u011blen\u011b od provozn\u00edch prost\u0159edk\u016f brokera.<\/li><li>Best Execution: Povinnost prov\u00e9st v\u00e1\u0161 pokyn za nejlep\u0161\u00edch mo\u017en\u00fdch podm\u00ednek na trhu.<\/li><li>Ochrana proti z\u00e1porn\u00e9mu z\u016fstatku: U retailov\u00fdch \u00fa\u010dt\u016f nesm\u00edte skon\u010dit v dluhu v\u016f\u010di brokerovi.<\/li><\/ul>\n\n\n\n<p>Pokud tyto podm\u00ednky broker pln\u00ed a vy p\u0159esto p\u0159ich\u00e1z\u00edte o pen\u00edze, probl\u00e9m nen\u00ed v platform\u011b, ale ve va\u0161\u00ed vlastn\u00ed strategii nebo v&nbsp;nepochopen\u00ed \u010di podcen\u011bn\u00ed rizik.<\/p>\n\n\n\n<p><strong>Tenk\u00fd led pod zkratkou CFD<\/strong><\/p>\n\n\n\n<p>Nej\u010dast\u011bj\u0161\u00edm zdrojem spor\u016f jsou deriv\u00e1ty, konkr\u00e9tn\u011b CFD (rozd\u00edlov\u00e9 smlouvy) a s&nbsp;nimi realizovan\u00e9 obchody umocn\u011bn\u00e9 finan\u010dn\u00ed p\u00e1kou. Povinn\u011b zve\u0159ej\u0148ovan\u00e1 data broker\u016f z po\u010d\u00e1tku roku 2026 potvrzuj\u00ed, \u017ee je tato bran\u017ee dlouhodob\u011b vysoce rizikov\u00e1.<\/p>\n\n\n\n<p>V&nbsp;pr\u016fm\u011bru u 65 % a\u017e 85 % \u00fa\u010dt\u016f retailov\u00fdch investor\u016f doch\u00e1z\u00ed p\u0159i obchodov\u00e1n\u00ed s CFD ke vzniku ztr\u00e1ty.<\/p>\n\n\n\n<p>Finan\u010dn\u00ed p\u00e1ka funguje jako dvojse\u010dn\u00e1 zbra\u0148. Umo\u017e\u0148uje ovl\u00e1dat velk\u00fd objem aktiv s mal\u00fdm kapit\u00e1lem, ale stejn\u011b n\u00e1sob\u00ed i va\u0161e ztr\u00e1ty. Mal\u00fd pohyb trhu proti va\u0161\u00ed pozici m\u016f\u017ee znamenat okam\u017eit\u00e9 smaz\u00e1n\u00ed cel\u00e9ho vkladu.<\/p>\n\n\n\n<p><strong>Jak se nesp\u00e1lit, aneb checklist investora<\/strong><\/p>\n\n\n\n<p>Ne\u017e vlo\u017e\u00edte prvn\u00ed korunu\/euro, ujist\u011bte se, \u017ee m\u00e1te pod kontrolou sv\u00e9 prvn\u00ed kroky:<\/p>\n\n\n\n<ol><li>Ov\u011b\u0159en\u00ed licence: M\u00e1 broker licenci v EU? (Hledejte v registrech \u010cNB\/NBS nebo ESMA).<\/li><li>Pochopen\u00ed instrumentu: V\u00edte, co je to &#8222;spread&#8220;, &#8222;margin call&#8220; nebo &#8222;swap&#8220;? Pokud ne, z\u016fsta\u0148te prozat\u00edm u demo \u00fa\u010dtu.<\/li><li>Vzd\u011bl\u00e1n\u00ed vs. marketing: Nenechte se zl\u00e1kat reklamami na &#8222;snadn\u00fd v\u00fdd\u011blek&#8220;. Skute\u010dn\u00e9 investov\u00e1n\u00ed vy\u017eaduje \u010das a anal\u00fdzu.<\/li><li>P\u0159ijet\u00ed odpov\u011bdnosti: Broker v\u00e1m d\u00e1v\u00e1 n\u00e1stroje, ale vy dr\u017e\u00edte volant. Ka\u017ed\u00e9 kliknut\u00ed na &#8222;Koupit&#8220; nebo &#8222;Prodat&#8220; je va\u0161e suver\u00e9nn\u00ed rozhodnut\u00ed.<\/li><\/ol>\n\n\n\n<p>Investov\u00e1n\u00ed je cesta k budov\u00e1n\u00ed bohatstv\u00ed, ale pouze pro ty, kte\u0159\u00ed respektuj\u00ed jeho pravidla. V&nbsp;takov\u00e9 situaci obvi\u0148ovat regul\u00e9rn\u00edho brokera z podvodu je jako vinit prodejce aut za to, \u017ee jste v zat\u00e1\u010dce nevybrali smyk. Cesta k \u00fasp\u011bchu nevede p\u0159es soudn\u00ed spory, ale p\u0159es vzd\u011bl\u00e1v\u00e1n\u00ed a sebek\u00e1ze\u0148.<\/p>\n\n\n\n<p><strong>David Matulay, analytik InvestingFox<\/strong><\/p>\n\n\n\n<p>InvestingFox je obchodn\u00ed zna\u010dka spole\u010dnosti CAPITAL MARKETS, o.c.p., a.s. se s\u00eddlem Sl\u00e1vi\u010die \u00fadolie 106, Bratislava \u2013 m\u011bstsk\u00e1 \u010d\u00e1st Star\u00e9 M\u011bsto 811 02. Spole\u010dnost je zaps\u00e1na v Obchodn\u00edm rejst\u0159\u00edku M\u011bstsk\u00e9ho soudu Bratislava III, odd\u00edl: Sa, vlo\u017eka \u010d\u00edslo: 4295\/B, I\u010cO: 36 853 054, DI\u010c: 2022505419.<\/p>\n\n\n\n<p>CAPITAL MARKETS, o.c.p., a.s. je obchodn\u00edk s cenn\u00fdmi pap\u00edry podle \u00a7 55 odst. 1 z\u00e1kona \u010d. 566\/2001 Z. z. o cenn\u00fdch pap\u00edrech a investi\u010dn\u00edch slu\u017eb\u00e1ch a o zm\u011bn\u011b a dopln\u011bn\u00ed n\u011bkter\u00fdch z\u00e1kon\u016f ve zn\u011bn\u00ed pozd\u011bj\u0161\u00edch p\u0159edpis\u016f (d\u00e1le jen \u201ez\u00e1kon o cenn\u00fdch pap\u00edrech\u201c). Spole\u010dnosti CAPITAL MARKETS, o.c.p., a.s. bylo dne 30. 10. 2007 ud\u011bleno rozhodnut\u00edm N\u00e1rodn\u00ed banky Slovenska \u010d. OPK-2297\/2007-PLP povolen\u00ed k poskytov\u00e1n\u00ed investi\u010dn\u00edch slu\u017eeb ve smyslu \u00a7 54 odst. 2 ve spojen\u00ed s \u00a7 59 odst. 2 a 3 z\u00e1kona o cenn\u00fdch pap\u00edrech, kter\u00e9 bylo v souladu s ustanoven\u00edmi z\u00e1kona o cenn\u00fdch pap\u00edrech roz\u0161\u00ed\u0159eno rozhodnut\u00edm \u010d. OPK-1830\/2008-PLP ze dne 21. 04. 2008, rozhodnut\u00edm \u010d. OPK-11601-1\/2008 ze dne 28. 01. 2009, rozhodnut\u00edm \u010d. ODT-5059-3\/2012 ze dne 23. 07. 2012 a rozhodnut\u00edm \u010d. ODT-9332\/2014-1 ze dne 21. 10. 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>V roce 2026 je investov\u00e1n\u00ed dostupn\u011bj\u0161\u00ed ne\u017e kdy d\u0159\u00edve. D\u00edky mobiln\u00edm aplikac\u00edm a nulov\u00fdm poplatk\u016fm se do sv\u011bta kapit\u00e1lov\u00fdch trh\u016f<\/p>\n","protected":false},"author":1,"featured_media":2546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[606,268,607],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2545"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2545"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2545\/revisions"}],"predecessor-version":[{"id":2547,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2545\/revisions\/2547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2546"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}