Wow a clearly written and ACCURATE post. Hats off to you, as this is hard to find online these days.

Finally Casino Brokers are going to be Out!!!

Appreciate it Timos... We launched in 2011, and yes I was active on Donna Forex for some time after a client alerted me to some posts someone had made in reference to our company. Its been a long road but I am grateful to have traveled it.

The Official FXPIG Thread

In this market, at some point, someone has to be making a market for you to actually get your trade filled. Normally these market makers are banks, though there are some institutional non-bank market makers, but the majority, around 56%, of all risk ...

Broker - Too High Profit Question

Just some quick FX 101 here... All ECN/DMA/NDD brokers are STP. STP is not a feed or account type it refers to the way orders are routed, ie they do not hit an internal book. An ECN is ONLY an ECN if it has matching capabilities. The term DMA is ...

Who is the best ECN Broker for large deposits & volumes

CC deposits have been activated. Skrill and neteller are next in line. Skrill should be active before the end of the week.

The Official FXPIG Thread

We are finalizing the skrill interface and the neteller interface now. I would suspect by Friday. It was ALL ready before the launch, but an upgrade to the core API functions of the back office broke a few things so it all needed to be recoded. It ...

The Official FXPIG Thread

The objective is to apply oversight that actually sees these risks BEFORE they happen. The objective is to make sure that the applied oversight is stringent where needed and not so stringent in other, not so fundamental areas. The objective is to ...

Best Broker?

This is untrue if the broker in question is not internally booking your flow. I myself would love to have 100% of my clients making money month on month, as it means as their balances grow so do their trade volumes, which is where I make money. We ...

Best Broker?

One other thought... As I said we are and have been pursuing other avenues for regulation as we do encourage oversight, however one issue with most regulatory bodies is they grow their regulation based on their largest members, not their smallest. ...

Best Broker?

Decima, We can choose to agree to disagree. Some people believe that more regulation leads to more stability. I am not in that crowd. Regulated firms that have gone belly up, like Refco, PFG, and more recently LQD and Alpari, are on average many ...

Best Broker?

I have never argued that NZ is superior to the UK, or anywhere else for that matter, what I have argued is regulation on a whole is broken. We came to NZ 6 years ago, as we had a small startup, limited capital, and we needed a place to start our ...

Best Broker?

Shrike, Very true. My mistake there. I will revert as I said. In the end compensation is nice... no doubt, but you should never be in the position to need compensation. In fact regulation done correctly should ensure compensation is never needed. ...

Best Broker?

Agree 100% @Decima - I will revert when I have a bit of time to do a bit of research. We, as a broker, have lost funds with a broker who was FCA regulated... due to not presenting 'qualified' documents. It was a VERY small sum, but none the less. ...

Best Broker?

Decima, We looked into an FCA license in 2013, the overall cost was around 500k a year for pure operation costs, and these were not new operational costs, they were duplicate operational costs as we already employ 99% of the required structure, just ...

Best Broker?

brian.fer, There is no dedicated page for the card. We will add one once the card is fully integrated in the portal, in the next 1 to 2 weeks. Let me know what information you are looking for and I will supply it here. Cheers,

The Official FXPIG Thread

brian.fer, We are, in every aspect, a completely different type of FX broker. The company name, our branding, the PIGs, etc., are all meant to shed light on this. FX, and the financial world is taken far to seriously considering the utter ...

The Official FXPIG Thread

@brian.fer please post to our own thread when it pertains to FXPIG specific questions, as I do not want to hijack anyone's thread. I am looking now and am seeing 12 to 15 cents on our SPA feed. The MPA feed is more expensive mainly due to the lack ...

Best Broker?

Its not a question of affording it... It a question of our business model and the fact that eventually regulation will cripple many facets of retail FX and we would rather be able to service our clients seamlessly building trust the old fashioned ...

Best Broker?

@lasty Well, it's not going to get better, that is for sure, history has been very clear on that point. Tightening regulations do not help profitable traders. Regulators do not understand that limiting access to leverage, hedging, deposit options, ...

Best Broker?

Just to put some finality here... Regulation is not all bad, it does provide oversight, which is needed, and it does offer some 'bar' that needs to be met as far as internal compliance and business proficiency go, and these are all good things. ...

Best Broker?