It is simple. The bill introduces new category for Forex Brokers i.e. Retail Forex Dealers to enforce transparency and protect clients from boiler-rooms and aggressive selling. They will have to maintain at least 20 Mio USD to stay in business. So there in no threat to the industry or any of the...
First of all ... as a retail trader you won't get access to Currenex, because you do not have a credit line to connect directly through this bank portal. Please correct me if I am wrong.
Trading through propfx.com has some merits then... as you can't get credit lines you are trading on...
I am using FXCM's platform and so far no problems... For those who had problems just switch to propfx.com which is a currenex-like platform with FXCM (spreads usually 2 pip) and you can scalp all day long. Do not like it ? There is FXCMPRO.com if you have an account above 100,000 USD and volume...