Well it's clear that the NFA proposal is having an impact in the industry already. For the second time in a week a smaller firm in the Dead Pool has announced merger plans. They wouldn't be doing this if they had the capital to stay in business on their own. This shows you how serious an issue this is. The pressure is being wratched up and the time is fast approaching when those firms below $5 million will have to either join the borg, or die.
Royal Forex Trading LLC. Future Plans
Dear Valued Client,
I am pleased to announce that there has been a very big development for Royal Forex Trading. Before that, I wish to bring to your attention the minimum adjusted net capital requirement proposed by the National Futures Association (NFA). The NFA recently circulated a proposal calling all the FCM's to adjust their minimum net capital requirement from $1 million to $5 million to avoid risks to the customers.
Royal Forex Trading fielded many inquiries for several days and we addressed the issue in our last corporate newsletter. We believe the NFA is taking appropriate measures if they decide to increase the net capital limit for FCMs. Bottom line; this eliminates many inexperienced brokers.
RFXT’s management has been in the industry for many years and we believe we have adequate resources as well as a full fledged backup plan.
In the midst of all this, we have been approached by several companies inviting us to form a partnership. After further due diligence, we are very close to striking a deal with a company whose name cannot be mentioned at this juncture. This entity has an 8 year track record and does not hold a single complaint with the NFA. Their net capital is well over $5 million and they are licensed to do business in many continents.
In the past few weeks, we have been holding several conferences and meetings to finalize the deal. Upon completion of the deal, the following will occur:
Ø Royal Forex Trading will join as a division of a much larger entity.
Ø Royal Forex Trading will officially re-locate to Wall Street, the Hub of major financial institutions.
Ø Royal Forex Trading will retain its Service Desk.
Ø Royal Forex Trading will in the very near future be providing various other products like including Crude, Gold and Silver CFD’s, Currency Options as well as many other new and exciting products.
Ø Royal Forex Trading will be opening branches around the world.
Ø Royal Forex Trading will continue to provide superior execution and excellent customer support.
Ø Royal Forex Trading will be developing an Institutional Desk.
In the end, you as a client will benefit immensely from this merger and that is what we have always wanted; world class service for our clients.
I thank you from the bottom of my heart for all the trust you have put in us and I appreciate the excellent feedbacks we received during this "critical" phase. As we promised, our main goal and mission is and will always be to satisfy our clients beyond expectation.
Thank you
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Rayan Elannan
President & Co-founder
Royal Forex Trading LLC