No Problem with CFTC I don't have any problems with registering Introducing brokers and giving CFTC more oversight. My sole concern is the new $20 million requirement. Government should not be picking winners and losers in the marketplace. Let's see how the $5 million rule works first. If it doesn't, then I'll be open to $20 million.
Finally, compelling evidence that forexsavior is not affiliated with one of the big boys in the $20M+ club... Oanda, FXCM, GFT, Gain, IBFX, FXSol. Most likely, forexsavior is with one of the $5-20M firms... PFG, ODL, CMS, IFX, Ikon, Hotspot FX. Unless he's playing a double agent.
Strange that you would post your comments , on the contrary theirs very good reasons to believe heâs with one of the as you put them â big boysâ read between the lines and the fact this posters IPâs coming out of NJ (home of 2 of the biggest boys) is just another clue , remember the â big boysâ are just as much in jeopardy of loosing their industry foothold as the undercapitalized ones are this time around and Iâm sure they know this, again it makes no deference how much cap padding a firm has this time around, rather the main concern here is the compliance structure and regulatory qualifications the firms working under. Again Remember this time around itâs not just how well capitalized a firm is 20, 40 or even 100m, this new bill makes sure all FX retail firms are properly licensed and overseen!! read the facts http://www.elitetrader.com/vb/showt...threadid=114662 not the propaganda. Time will tell.
Hmm... I don't know how you could possibly know forexsavior's IP, unless you are Baron, Joe or one of the mods. Got a link? In any case, Hotspot happens to be in Jersey City and most of the others have offices across the river in NYC, so that piece of info, even if true, doesn't really narrow it down. Your link to your own thread is broken... I've fixed it for you: http://www.elitetrader.com/vb/showthread.php?s=&threadid=114662 Yeah, I've read it the first time. I don't particularly care what forexsavior's affiliation is. Obviously, he must be a very well-connected industry insider who prefers to remain anonymous.
Not only having their funds tied up their and exposed as liars ( denying any relationships with FXLQ) now since they more then likely stopped using FXLQ for clearing their have nothing but problems with their dealing, crazy spreads, extensive platform downtime so can only assume their trying to bucket all trades,, . What a mass :eek: http://www.forexfactory.com/showthread.php?t=66825
SEC top online broker capitalization for comparsion all atleast 1 bil$ more of them AMTD,OXPS,SWIM ,IBKR only IBKR through TMWD involved in trading against client interess . AMTD,OXPS ,SWIM are pure agents of principal . SWIM (thinkorswim) and OXPS are technology leader's in they fields (options ) Author have point of view ,that SEC with he's broker's is more credible as CFTC with FXCM,REFCO ,OANDA &
All of you folks trying to catch forexsavior in some sort of conspiracy theory need to give it a rest. No one cares. He provides a much needed information string to the public. That's why his post was stuck to the top of the forum. So what if he works for one of the companies? Take the facts he posts for what they are. If you don't want to follow his opinions, don't.
This new bill would be a wonderful leap forward for the retail FX markets, Anyone can raise 20 million to meet a cap so that's no issue, but now under the new laws qualifications will certainly prevent the scammers from entering.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=111265 many posters here also fail to understand is Biggun is playing for a merc firm that is trying to break into the spot market... has a hiden agenda to bash the established brokers in this industry...