View Single Post
  #8 (permalink)  
Old 07-06-2007, 09:52 AM
scorpion's Avatar
scorpion scorpion is offline
Administrator
 
Join Date: Aug 2004
Posts: 1,922
Thanks: 97
Thanked 361 Times in 147 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Send a message via MSN to scorpion Send a message via Yahoo to scorpion
Default

Interest points all along...

So now it's July 7. What's the verdict? According to Justin from EFX, NFA should have voted last week.

The numbers seldom speak the harsh reality behind it. IMO, FXCM and GFT are just too big to respond to support tickets under 48 hours. FXCM platform even with the new look doesn't offer advance features such as charting with custom indicators, backtester, and built-in scripting for automation like those of MetaTrader. I would still have to say that you should try the demos of various brokers to judge which one should deserve your deposit.

NFA is merely a regulator. Will it be justified to seize all the capital when a financial firm cannot comply with it? I don't think so (correct me i'm wrong). Even if it can dissolve a firm, it's going to allow traders to get their own funds. The maximum punishment NFA can give to a firm that has committed any fraud is to simply take back the "Registered with NFA #123", and then off the traders go trading with their unregulated brokers. But there's more to it. NFA is not alone. Some brokers may simply go offshore and register with foreign regulators.
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now