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I've never heard of FX Hoy. Sorry, been busy with the cavemen today...

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...

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

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

Touring the Dead Pool Graveyard Since starting up this thread many former forex firms are now pushing up the daisies, dead parrot style: http://www.youtube.com/watch?v=e6Lq771TVm4 Indeed, these firms have passed on. They have ceased to be. They have expired and gone to meet their...

The Autumn Equinox Pool It’s due diligence time once again. With the Farm Bill set to become law the trading public needs to start preparing for the changes just over the horizon. The following U.S. registered firms do not currently meet the first 120 day benchmark ($10 million) the...

“Bush Will Lose” According to the Washington Post Bush will still veto the farm bill. However, the veto will not be sustained in Congress. http://www.washingtonpost.com/wp-dyn/content/article/2008/05/15/AR2008051503985.html

CFTC could possibly require traders set aside more money to trade on leverage.

Breaking News: Senate Passes Farm Bill The Farm Bill just passed the Senate in a landslide, 81-15, which is a veto proof margin. With veto proof margins in the House and Senate it is now clear that the Farm Bill is going to become law...

Halloween: The Day the Dead Pool Rises from the Grave Cue up the Michael Myers Halloween Theme… I have just finished reading the Farm Bill language and it is clear that the Congress is not giving the industry much time to adapt to the incredible changes they are forcing upon retail forex...

YUP, that's exactly what they did!

House Passes Farm Bill House passes election-year farm bill By MARY CLARE JALONICK – 1 hour ago WASHINGTON (AP) — The House passed a $290 billion farm bill Wednesday with a strong veto-proof majority, offering more subsidies for farmers, food stamps for the poor and special projects...

Veto Override Likely According to Republican Senator Charles Grassley the Congress will have the votes to override a Bush veto of the farm bill. http://www.nationaljournal.com/congressdaily/cdp_20080513_6699.php It looks more and more like this bill is going to become law. I’m trying...

All Eyes on Washington The big news this week is the farm bill which is close to passing the House and Senate. Inside that farm bill are provisions that would require U.S. forex dealers to have a minimum adjusted net capital of $20 million in addition to requirements that all introducing...

FXDD Bows to the Savior! Six weeks ago I reported on the danger of trading with FXDD because they were the only forex firm in the United States that had neglected to get a license from the NFA. http://www.elitetrader.com/vb/showthread.php?s=&threadid=97890&perpage=6&pagenumber=65 Well...

New CFTC Numbers Are Out Here are the latest adjusted net capital figuress for U.S. based forex brokers: http://www.cftc.gov/stellent/groups/public/@financialdataforfcms/documents/file/fcmdata0308.pdf Above $20 Million Oanda $163,000,000 FXCM $87,000,000 GFT Forex $76,000,000 Gain...

eToro: All Hat, No Cattle This is going to be a post rife with Texas sized clichés. How can it not be with a company with a name like “eToro” that has a logo with a pair of bull horns jutting out of it? First of all who are these guys? Well they are one the newest FX brokers in the...

Shark Hunting in the Caribbean With all these bogus claims from small time brokers claiming they are regulated because they hold a “certificate” they managed to pull out of a cereal box it is hard to know what to believe these days when a firm states they are “licensed.” And...

Swiss Dealer Update Fransesc Riverola is doing a top notch job at FX Street keeping traders up to date about the latest regulatory changes in Switzerland. He has sent out questionnaires to the Swim FX Broker community and several have responded, most recently Crown Forex who has stated they...

IBFX's Annus Horribilis It has not been a good year for Interbank FX. First FXLQ goes down resulting in the firm losing a key liquidity provider. Then FXLQ goes into receivership taking $10 million of IBFX's net capital with it. Now IBFX has just announced to the public that there was a...