Tak isd You mention at the bottom of your post that "A new broker is coming to Australia to set the pace of the regulated FX World" Which one would that be?

Instaforex, are they honest and reliable?

If you already in the position at 1.0 rate I guess there is no need for margin as your position is in profit But if you are entering at 1.10 then yes of course the margin would be 2,200

Margin - How is it calculated?

Low relevance? may be to brokers but for traders is it not Fundamental that their deposits are safe? what nonsense are you talking about Why don;t you show us how exactly our money would be safe if a broker decides to play dirty... if things stay as ...

Risky rise of non-broker brokers

"Cuz they are not under the ASX and nor should they be cuz the FOREX is not a exchange market and shouldn't be treated as a stock market. What you need to see is FOREX is free floating bank quoted market with no direct retail investment into the ...

steps to follow when a broker scams you?

......... If I would have become aware of the Broker risk, I would have closed and would be asking the same question and making the same exploration ( read the article in SMH... makes the same point) With Storm and Opeus the issue was who owned the ...

steps to follow when a broker scams you?

"you did not answer my question about whether you would be here doing this if sonray was here today? don't worry I know the answer." Like thousand we only become aware about Client money safety after the Sonray debacle.. I did not have a need to ask ...

steps to follow when a broker scams you?

IG markets comments on Client Trust Money — Look at what IG markets says about other CFD providers image Page 2, Point 7 ...

steps to follow when a broker scams you?

You say " this crap your whipping up is the fualt of sonray not asic' technically true BUT it is ASIC and it's soft approach to this issue that is causing the problem.., Sonray , opus , Tricom . Storm financial So don;t BS about this being a one off ...

steps to follow when a broker scams you?

Yes Pipstar.. you are correct But the worst part was I was suspended although I did not use any bad language So who is the moderator? Why did this happen? Any way this article in reputable Australian media should be an eye opener to anybody ...

steps to follow when a broker scams you?

risky-rise-of-nonbroker-brokers — Make your own judgment url "What is even more disturbing is that even after ASIC takes over the ASX's supervisory powers this year, the corporate watchdog's market integrity rules, which take in most of the ...

GoMarkets Discussion

Look at no 7 — Look at no 7 on this one url

steps to follow when a broker scams you?

Funding via CC — Ok BK To expand on your idea "If I fund my account via CC; I make it a point to always withdraw within 30 days (or the minimum duration allowed by your broker)" Lets look at the worst case scenario Lets say I funded the ...

steps to follow when a broker scams you?

BK, Your advice is normally sound but I am surprised by your above statement... WHY is it that people ( as consumers) should accept this situation with OTC /FX marketplace? Will we accept it with LSE/NYSE/ ASX berokers? What amazes me is instead of ...

steps to follow when a broker scams you?

jackdan Why do you go to places like Cyprus? Having said that I am still struggling to find a SAFE OTC broker even in US/UK/AUS for FX But when I raised this issue people shouted me down just like they are shouting you down. M

steps to follow when a broker scams you?

Does this not mean anything to you? As Spot Forex is not a regulated investment instrument, the FSA’s client money rules (including those of trust status through segregation) cannot apply to this business. Why are you so keen to show that there is ...

Safe Broker...

Spot FX with ANZ! — Mr Smith Can you please share with us how one can trade SPOT fx with ANZ? Are you sure it is spot FX you are talking about? not Import/ Export FX? As on today in Australia no matter what the broker says... in Australia ...

Safe Broker For any Aussies

FSA and FX! — I asked the question to LCG Here is the response ONCE again this does not give 100% guarantee that FX is covered by FSA insurance. So no matter what they say afterward they admit that FX is not covered! [email protected] ...

Safe Broker...

Hello Rabid Your expose about this issue is spot on I know it is a old thread but I hope people take this issue very very seriously FSA / FSCS insurance is not very clear either when it comes to FX brokers as compered to Equity brokers

FDIC and FSA