Registered: May 2010
07-17-12 11:30 AM
Registered: May 2006
02-06-09 10:34 PM
PFG Forex contact, Ryan Hansen. Ask him about segregation of funds, if they trade against you, do they hunt stops etc. Get a CurreneX demo. The only drawback is you will need a "FIX engine" for advanced charting solutions, such as Neoticker etc.
A while back I met a "hedge fund" manager who was looking for a broker, I recommended PFG, after he talked to them, he called me back to curse me out about, "Who are these *(&()&)(&)(*)()(, and who do they think they are, I'm not going to sign an "own funds letter" and you are a &(*&*&)((*(()*&*&*( if you are with these people", I said well it is part of their compliance, he cursed again and hung up. This person is from Florida and recently made the news, "all the money is gone, and clients suspect he was running a Ponzi scam", so we see why he did not want to sign an own funds letter. PFG lost a client because of being very strict in applying Futures Rules to Spot C, even before the big crackdown, but its my observation that its how they roll.
Other than Woodie, which Ryan has nothing to do with, they are really good eggs. They are expensive but it seems they comply with the regs right down the line, Ryan and also the trade desk are very helpful, and so is the tech help.
By the way I had a hand in helping develop the protrader, so try that to.
Anyway this is what I know, and your experiences may differ, so remember due dilligence
The Ever Not Being An IB For PFG VIPER