Velocity4x

You have to search there forum were a forum member ask ibfx if fxlq was one of there liquity provider and an ibfx mod said yes that they were.

 

NFA spanks Interbankfx

"Narrative for 0349820 - CROSLAND, TODD BENJAMIN
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On April 4, 2007, NFA issued a Complaint charging Interbank FX and Crosland with failure to supervise. The Complaint also charged Interbank FX with use of misleading and deceptive promotional material and failure to uphold high standards of commercial honor and just and equitable principles of trade."


http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0326091&case=07BCC00010&contrib=NFA

 

NFA starting to come down on brokers, good to see

 

In their Home page Interbank list the following services:
Professional Charting, No Dealing Desk, 2 pip Euro*
Standard, Mini & Micro Lots Full Hedging & Trailing Stops Real Time News.

The No Dealer Desk is a false claim and
I believe Interbank to be guilty of practicing the following:
•Re-quoting or Re-ordering– this is when the broker rejects your buy/sell order and sends you an alternate price in favor of the broker

•Stop Loss Hunting – looking for clients stop losses and manipulating prices in order to kick clients out of trades

•Lagging market prices reflected in their charting

•Increasing spreads or freezing their trading platforms during times of high volume such as just before or right after an economic announcement

•Hedging “You” – the broker actively opening a trade position against your open position (often done when the broker can’t decide what side of the trade they want to be on).

I have filed complains both with the NFA and the CFTC and I suggest that all those that have been cheated by these crooks do so also.

Their violations are flagrant and only by making then public and enough people filing complains with both of these agencies the regulators may try to tear them apart.

So far is an ifi situation.

 

question...........WHY is it so important to open an account with velocity4x?????????...........who ever they are ???????