Proposed NFA Capital Requirement

We'll find out what the new rules are once CFTC writes them. RIght no telling what they will be.

 

The biggest question is now what will these new rules be and How will these new rules affect the “sufficiently capitalized” newly defined “Forex Dealers” in terms of business modals?



http://seekingalpha.com/article/775...o-overhaul-retail-forex-industry#comment_form

“The bill also creates a separate registration category for Forex Dealers and gives the CFTC tremendous leeway in crafting rules governing this new financial services category.
With this new found power, I expect the CFTC to come up with even more rules. “

Time will tell………BE SAFE NOT SORRY..

 

FXCM the biggest scum bucket shops of them all! This makes my blood boil using forexsavior post word for word to promote new accounts.
http://fxhoycapitalmanagement.blogspot.com/2008/05/will-your-forex-broker-be-here-next.html ( I took a couple screen shoots “attached” just incase they decided to remove it)
Now here is proof that these guys should be swept away with all the other scum bucket shops.
What FXCM isn’t telling their IB is they can’t be sure they will not be affected by the newly defied guide lines that CFTC has yet to draft. I sincerely hope CFTC is not blind to FXCM sneaky ways; after all they were the ones who started all the frivolous managed account programs.

 

Hers another pretty interesting theory, I’ve noted that FXCM has raped up their marketing over the past few weeks, this could be do to
1: trying to capture traders running away from under capitalized firms,
Or
2: making their last and biggest scam of all, building up their client base to ether make themselves look more attractive for a buyout, or worse yet trying to make a last run at bulking as many clients as possible prier to closing shop.. .

 

Who do you typically recommend in terms of decent brokerages? (in FX)

 

Best bucket shop broker would be Oanda ($163 million net capital, no minimum to open) Oanda only does forex so it meets the basic forex only regulations of CFTC and FCM.

Best ECN would be Interactive Brokers ($446 Million Net capital, but you need atleast $10k to open a account) IB deal with every market so it meets the regulations for Forex, Options, Futures, and Stocks.

as always some will disagree but i think about 75% to 80% people would agree based on what i read on this forum and another 3 forex only forums.

 

I do not use FXCM, so I cannot speak to their platform or service. But it is highly unlikely that a company would increase marketing costs only to prepare for going out of business.

 

Agreed. Big Gun's vendetta against FXCM leads to him making some truly silly claims. I don't much stock in his pet theories.

 

Forex made so Easy, A Caveman can do it!

While we await the President’s veto I thought I would pass along one of the funniest forex related websites I have seen in a while. It is called Caveman Forex.
http://www.cavemanforex.com/home.html

The troglodyte running this website claims to be selling a winning “formula” guaranteed to make traders rich. Says Caveman Forex, “Due to the nature of the Cavemanforex formula, the success rate of these trades ranges from 60% to 70%. This ultimately gives me a profit ranging from 200 to 500 pips, sometimes more.... EVERY WEEK!”

Uh huh.

And get this. He’s only selling this secret formula for $89! As Don Corleone once said to The Turk “Why do you come to me? Why do I deserve this generosity?”

I’ll tell you why, because it ain’t generosity. You’re more likely to earn money betting on Eight Belles to win the Triple Crown this year than you are trading the forex market based off signals given to you by the cast from the opening scene of 2001: A Space Odyssey.

But I give Caveman Forex points for showmanship that’s for sure!

 

Ok yes maybe a little far fetched theory but from the tactics we have all witnessed in the past “at this point who could rule anything out.”

Strange that you have nothing agents FXCM or their IB’s using your post word by word to promote their services.

http://fxhoycapitalmanagement.blogspot.com/2008/05/will-your-forex-broker-be-here-next.html Or is it possible you gave them permission to use it?

Ether way theirs no telling how the new rules will effect “Forex Dealers” even the strongest “Forex Dealers” out there I still think the CFTC has a big surprise in store for them all.