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Guernsey Financial Services Commission, doesn’t have quite the same heft as the SEC: It’s the securities watchdog of the English Channel island of Guernsey, which has a population of roughly64,000and isn’t part of the European Union. Says it all LOL

Yes great tool for speculation 100% + 100- that is market risk fine those who cna handle it take part but the unwanted risk of tinpot country based "Exchanges" running away with your COINS LOL

Can somebody please educate me.. why we need stable coin if at the end of the day it is going to be linked to real currency any way?

as if Product volatility is not enough:banghead: Exchange risk! Wallet / custody risk! Regulatory risk ! Yield? Mind boggles not to mention weird accounting ( or whatever you call it ) of crypto coins like this " please deduct 0.00000004 Shit coin for a cup of coffee! :(

First of all it is not clear if they would be creating own Futures contracts... If they are and are allowed by CFTC what would worry me is although the Futures product and it's "Exchange" part will be over sighted by CFTC the SPOT Crypto is unregulated.. both in same platform! ...h....m I will...

So just another FCM like Advantage/ Dorman etc who only offer what is on regulated exchanges like CME or an exchange venue itself who can create OWN futures products?

Yes no big deal , CFTC has approved few diff exchanges

First of all you don't have to use abusive language... when people profit? you say .. yes true but by value added industry like exporting more goods and services...

Economy is grown by encourage value addition in manufacturing and services,, how allowing thinly - un regulated Crypto is going to increase the economy !

but it is based on Sim trading, and that is kind of crazy. not just crazy but dangerous to them and "funded traders" what happens if all of a sudden there is windfall win for the traders where is the money going to come from? It should be illegal to claim We fund traders and if in reality it...

If I B UK is regulated in UK then FCA client money protection should apply

How is this diff from the SIPC protection you get if you are with IB USA or FCA coverage if you are with IB UK?

You area Crypto fan so it is natural you are going to be against SEC actions... LOL

Better client money protection with FCA UK than ASIC

And what exactly what all this means? endless summer?

With Forex being OTC the security of funds would be a UK FCA regulated broker not USA not AUS or NZ

lie? in my example would be if I market myself saying LOOK I fund you for 200K without mentioning that it is the notional value due to internal leverage of the ES future in this case.. any way you don't care as far as you get paid so nothing more to discuss

Yes true, at least you acknoledge but then that itself raises a question of transparency and sustainability..and honesty Honest prop firms base should be on finding talented funders/ supporting them and making money for both parties not this semi ponzy scheme of robbing Peter to pay Paul type...

ok then answer this if you can.. if trades are not sent to real market ( some of these companies)then where do winners get paid? specially if one fine day majority of funded traders get lucky and have huge win ! Ho can you pay somebody on a sim account?

- They don't disclose it is notional amount? 50K account is not really like 50K in account and then use it for trading I can fund you for 200K easy 1 ES say 4000x $50 all I have to put up is 13,000 or so as margin Would it be fair to say I fund you for a 200 K account? no it isa 13 K account...