Quote:
Originally Posted by scorpion
What's so good about RefcoFX which was regulated by NFA and went bankrupt with their traders' money?
NFA is again a joke. The regulation part they are doing is ensuring that money flows to them smoothly. I would like to see the best research data that shows NFA is helping traders. I think there's none.
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Ah but see that is the point Scorpion. RefcoFX was never regulated, just like all these swiss brokers. But Refco futures was regulated, which is why the NFA and CFTC stepped in to make sure client funds were safe.