One World Capital For the record One World started halting customer withdrawals shortly after the NFA charged them with failing to meet their capital requirements. Anyone who reads through this thread can see for themselves the tales of misery and woe from numerous one world customers trapped at the firm.
wow Its not very suspicious, that your first post is to stand up for someone that you donât know. Second of all, he mentions fraud with one world, which is a valid point. But he only mentions certain brokers. I like seeing brokers taking a beating for cheating someone. Just donât expect me to sit around when someone favors one side over another and not comment. So screw anyone who has a problem with what I got to say.
"doubt" is not proof. As for speaking when I'm spoken to, you did pretty well speaking up when you weren't invited into the thread. I'll call out the trolls when I see them, thanks very much. And you'll deal with it or put me on ignore. That's how it works.
You seem relatively eloquent, but impermiably thick. If Forexsavior is missing a firm or two that has been fradulent, why don't you tell us the facts? You are more than welcome to supplement his data with your own. But you don't. You just flame, make assumptions and generally waste everyone's time. If forexsavior is seemingly working for one of the big companies, you are seemingly working for one of the one's he's poitned out as risky. Both may have motive, but only one is contributing anything of value.
Hey, Guys, I am a new comer to ET. 1st, thank u all for your efforts to guide new comers thru the updated Regulations! 2nd, we can't avoid disputes, once we speak for sth, even for our own opinions, we gotta be Ready for the Debates to follow!!! 3rd, Language is a double-edged Sword, to express freely, to attack offensively, and to mislead/sidetrack your audience easily (if u are good at this)----Only God is perfect, language has its born defects!!!
Here comes my thoughts about your previous arguments: 1st, it's the fact that Many small-capped forex firms got lost due to various misconduct/violations of regulations. With many clients left crying for their lost!!! Even they won the lawsuit, little money to claim back, as the firms are really poor and the bankruptcy law doesn't protect such forex clients with first place !!! 2nd, it's also the fact that, there are also some(not that many/at least some) Big-Capped forex firms have the records of Violating the Regulations of both NFA and CFTC!!! For example, let's check in the following link to see Both: One World Capital Groupexample of Small-Capped) http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0359973&rn=Y Forex Capital Marketexample of Big-Capped) http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179&rn=Y For the above 2 firms, no matter Small and Big, they both have violation history!!! For FXCM, it had more violations than One World CG, of coz, mostly due to its longer company history and much more no. of Clients being served! My friend, if you have any doubts about any firm, just check in NFA http://www.nfa.futures.org/basicnet/ Search the Regulatory History of it by the Name of the FX Firm, then check its History of Operation first, then check the Regulatory Actions against it thoroughly, then check the NFA Arbitration Awards to see the Claims of Clients, To my little research, of coz, we all know the fact that many small firms got the court orders to shut down directly!!! Real Nightmare!! But, some Claims from Clients against those Bigger firms seem rather Unlikely to succeed at the end, although some other did!
The above words about the Forex Firms, whether Big or Small, are based mostly on the Facts, e.g. the NFA/CFTC regulations/actions. Yes, this world is full of evil, and in the Globalized world nowadays, we, normal customers, are very often put into the situation of choosing the lesser between 2 evils, sometimes more than 2 I bet! Poorly Capitalized firms are surely for us to worry about, and, we should also be highly-alertful on the Big Firms, just to prevent the evil from attacking from other corners!! for those Small-Capped firms, forexsavior has provided with many violation examples, for those Big-Capped firms, beside Forex Capital Market, even for a much better-Capitalized firm---IB, i.e. the InteractiveBrokers---it also suffered the Punishment from NFA/CFTC, fined $125000 and $175000 during June and July this year 2007~~~ http://www.nfa.futures.org/basicnet/CaseInfo.aspx?entityid=0258600&type=reg Anyway~ I admit that IB has fairly good Record for its operation since Registration in 1994, and I personally thought of opening A/C with IB too, thus we should judge them by their history and total amount of violations!!!
I said I am a new comer to ET, I am I am also a new comer to Forex Trading,and I am deciding which firm to open an a/c with nowadays,hehe~~ Frankly speaking, I am also rather concerned about the Security of my Money which will be deposited into a Stranger Company's bank a.c. and that's why I really did my own research on those Forex Firms, whatever FCM/FDM/Broker/Dealer. I am posting my words/findings for nobody else,whatever Big-Capped or Small-Capped, but, for myself, for the future of my money!!! Maybe there's no such place that's 100% safe to trade FX, but to choose the comparatively safe one, forced to make friends with the less evil one with 100% caution!!! From not that old history, Enron and Worldcom have educated the ppl with 100% alert any time!!! I don't trust any firms 100%, still trying hard to find one better than the other. Wish you a safer place to lay your orders and profit daily!!!
Getting back to the Subject at hand... Is Velocity4x Finished? According to the most up to date CFTC Report on file for Hamilton Williams (dba Velocity4x) this firm's future is in grave doubt. Hamilton Williams only has $1,100,000 in adjusted net capital. That leaves them a scant 100 grand over today's required adjusted net capital requirement. How dire is the financial situation over at Velocity? Dire enough that the NFA last spring charged Hamilton Williams with a bucketful of financial violations: http://www.nfa.futures.org/BasicNet/Case.aspx?entityid=0358241&case=07BCC00015&contrib=NFA ⢠C.R.2-10 - RECORDKEEPING FCMS/IBS ⢠F.R.SEC11(b)NEW - FDM TAKE CONCENTRATION CHARGE-UNAFFILIATED ⢠F.R.SEC11(a)NEW - FDM MAINTAIN ADJUSTED NET CAPITAL ⢠F.R.SEC12NEW - SECURITY DEPOSITS FOR FOREX TRANSACTIONS WITH FOREX DEALER MEMBERS This is pretty serious stuff. This isn't like getting slapped with a fine for failing to put an asterisk on a marketing brochure. These allegations go right to the heart of whether or not Velocity4x is even viable as a company. Here are some statements from the NFA's Complaint: Wow. And these guys are going to be able to come up with $10 million two months from now? (Velocity offers 100:1 leverage which means they'll need $10 million MINIMUM to stay in business.) Where is this money going to come from? What venture capitalist is going to put his money into a company that has just been charged by the NFA with a whole host of bookkeeping violations that could get it shut down? I fear the future won't be bright enough for Hamilton Williams' execs to have to wear shades.