I deleted the last part because I had a too quick trigger finger. I apologize for that. Being a sponsor makes no difference here, I get no special treatment, and I do not need any. So can we at least agree that the CFTC does have regulation on the retail Forex market? I see that as being very clear.
Had a forex account with a broker that went under. Never got all my money back from them. Had 3 futures accounts over the years with brokers that went bust. Got all my money back in each case, because other firms stepped in to take on positions, etc. Made whole in each case. Sorry, not a "bloated lie."
I was wrong for calling you a liar even though you didn't prove anything. I don't see why you would lie about something like that.
This is why I need to stay out of discussions... The guy I tried to support calls me a liar. The guy I tried to educate reads "CFTC...regulates...retail FOREX" yet refuses to acknowledge that. Crazy stuff for a rainy Saturday. Peace Out.
1. It is CFTC, not CTFC. 2. Forex is international, most forex brokers are not CFTC regulated as US authorities cannot regulate a non-US citizen doing trades in currency pairs that are not USD. How many times will you display your ignorance?
Explain how CFTC regulates non-US based forex transactions. This is the whole point. Forex is unregulated because anyone wanting to game it will just do it outside of US. The results for US based traders are the same.