What are the safest futures brokers? MF Global and PFGBest have me worried!

Discussion in 'Retail Brokers' started by travelingtrader, Jul 10, 2012.

  1. luisHK

    luisHK

    Thanks for the tip. I checked their website but didn't find much information on rates and account size/volume requirements.

    Could you give us a rough idea on those ?

    http://www.abnamroclearing.com/en/specialized-clearing-services/fx-trading-and-clearing/index.html
     
    #91     Oct 23, 2012
  2. I am not going to read the thread, but Vision is an exchange guaranteed member unlike Mirus and both have Rhythmic.
     
    #92     Oct 23, 2012
  3. The "guarantee" does not apply to a broker's own clients (just to counterparties).

    In any case, Vision has been subject to disciplinary action:

    "In addition to the $500,000 fine, Vision, Rothman and Doherty must retain an independent consultant to review Vision's existing procedures for supervising its GIBs and make specific recommendations for the supervision of trading in broker assisted retail customer accounts which Vision, Rothman and Doherty will implement. In addition, Vision is prohibited from entering into guarantee agreements with any IBs for a period of two years."

    https://www.nfa.futures.org/news/newsRel.asp?ArticleID=3810
     
    #93     Oct 24, 2012