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Forexia replied Feb 8, 2017The concern is NOT just that they are not regulated by the US regulatory body; it's that they are not regulated AT ALL, by anybody. And in fact there is not even regulations even laws in those offshore countries at all. Everything can be hunky dory ...
FXCM Discussion
- Forexia replied Feb 8, 2017
Even though thanks to Dodd-Frank, your choices of decent brokers are very limited, if I were you, I would be VERY weary in sending my money to any off-shore brokers that are located in places that don't even have decent laws, decent address let ...
FXCM Discussion
- Forexia replied Feb 8, 2017
If you ABSOLUTELY want to trade an exchange-traded product, then by all means, trade futures but just be prepared for the low volume and the HEFTY fees. If you still want to continue to trade forex, I would recommend Oanda over GAIN. Oanda at least ...
FXCM Discussion
- Forexia commented Feb 8, 2017
Well if you have read my comments correctly before you trolled, you wouldn't have asked me this question. NEVER in any of my comments have I ever defended FXCM's action or feels that it's correct for any broker to trade against its clients. BUT my ...
FXCM house of cards: 150 employees laid off
- Forexia replied Feb 8, 2017
No because the opposite could also be true that the market NEVER returns to the anticipated target and stayed permanently at lower/higher level and all of sudden you are out of several K of dollars and you have to work a hundred times harder to make ...
Do you have regrets for losing your cool and you SL?
- Forexia commented Feb 8, 2017
By wasting $2 Trillion of foreign currency reserve???!!! That's one expensive game... LOL
China's Currency Policy Approaches Breaking Point
- Forexia commented Feb 8, 2017
Well they are not waiting for Trump to do it. They are doing it themselves. LOL
China's Currency Policy Approaches Breaking Point
- Forexia commented Feb 8, 2017
Right off the bat, manipulating currency value in an open market is stupid. Never worked before and never works ever. Those central bankers just never learn. All they want is this ego trip. China's economy is slowing down. WHY do they think it's a ...
China's Currency Policy Approaches Breaking Point
- Forexia replied Feb 8, 2017
Whatever they SAID they are a market maker, a counter-party to all transactions by their clients. How much more clear do you want them to make it? Not their problem if you don't choose to read their disclosure document. That document was there for a ...
FXCM and CEO Drew Niv banned from US market by CFTC
- Forexia commented Feb 8, 2017
LOL you think liquidity provider is better? They are the ULTIMATE market maker in FX industry since there is everything is traded OTC. They are the ones who ultimately take the other side of every transactions. You think bucket shop at retail level ...
FXCM banned by CFTC after taking positions against clients
- Forexia commented Feb 8, 2017
No effect on Ninja Trader at all because they also deal with Gain Capital since Gain Capital is going to absorb FXCM so it's still with Ninja Trader.
FXCM house of cards: 150 employees laid off
- Forexia commented Feb 8, 2017
Well someone is ALWAYS on the other side of a trade. That's true in every sense. I mean otherwise it won't be called a trade; you don't trade with yourselves. The difference in a market-making model which is prevalent in FX (NOT just in retail but ...
FXCM house of cards: 150 employees laid off
- Forexia replied Feb 8, 2017
My bad I misunderstood what you said about IB's retail FX business getting killed. I see what you are saying now and I do agree. What they did to FXCM is unscrupulous. I mean FXCM is not the perfect broker; it has issues but it didn't deserve to be ...
FXCM and CEO Drew Niv banned from US market by CFTC
- Forexia replied Feb 7, 2017
IB didn't kill their retail FX business. It's just in great United States of America that they are no longer allowed to be in retail FX. And you have SEC to thank for that. It was SEC who forced IB to get out of retail FX industry or risk losing SEC ...
FXCM and CEO Drew Niv banned from US market by CFTC
- Forexia replied Feb 7, 2017
Yes the vultures all come out...
FXCM lays off 150 employees and redoes Leucadia agreement
- Forexia commented Feb 7, 2017
If you are outside of US, you have lots of choices, I would recommend IB or LMAX. If you have more money like $50K, Baxter FX is not too bad and you can also try HotSpot FX who used to be in retail FX until it decided to go institutional. If you are ...
FXCM house of cards: 150 employees laid off
- Forexia replied Feb 7, 2017
Well except Wells Fargo REALLY DID commit REAL fraud, cheating on their customers, pocketing fees. The charges against FXCM is still trumped up if you ask me, just an excuse to drive it out of the retail fx market.
FXCM lays off 150 employees and redoes Leucadia agreement
- Forexia replied Feb 7, 2017
We also lost two of the best brokers, closest to true ECN brokers, IB last year due to SEC barring leveraged fx for small traders and HotSpot FX (not to be confused with HotForex which is a real scam broker) when they decided to go institutional and ...
FXCM and CEO Drew Niv banned from US market by CFTC