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Paliz there has never been a recorded case of a well capitalized, registered forex dealer broker going out of business. Bear Stearns did not offer retail fx trading. Refco was unregulated. And FXLQ was never well capitalized, they were merely lying about how much money they had. FXLQ only...

New CFTC Numbers Are Out And with the Congress set to raise minimum capital requirements for forex dealers to $20 million these numbers are once again taking on greater significance. Above $20 Million Oanda $157 Million RJ O'Brien $91 million FXCM $82 million GFT Forex $76 million...

Forex Fraud Roundup Been doing well trading recently so I haven't had much time to post (gotta love volatility!) In any case the shysters are busy as ever out there so beware. Forex Fraud is happening all over the world. The trading public really needs to be careful about who they...

I'll have to call the firm "IFX Solutions" and give them a $33 million net cap number in the next report.

Updated Capital Numbers The CFTC has finally released the December 2007 net capital numbers. This is our first look at the forex industry after the increase in capital requirements to $5 million in the United States. I'm amazed that firms like Advanced Markets and Bacera made the cut...

No Problem with CFTC I don't have any problems with registering Introducing brokers and giving CFTC more oversight. My sole concern is the new $20 million requirement. Government should not be picking winners and losers in the marketplace. Let's see how the $5 million rule works first. If...

The $20 Million Dollar Guillotine Should the Congress pass legislation requiring all firms have a minimum net capital requirement of $20 million the following firms will be in danger in the United States: Advanced Markets $1.3 million Alpari $6.4 million Bacera $3.1 million CMC $2.7...

Call Your Congressman! 2007 was a year of change in the forex industry, most of it for the better as some of the seedist firms in the industry were shown the door thanks to the NFA’s capital requirement increase. But 2008 appears to be an even more momentous year of change for the U.S...

NFA Fines AMIFX Advanced Markets just got nailed for shoddy book keeping. Here is the the NFA's official statement:

That is a silly statement. The NFA has publically stated the problems in the fx industry are due to poorly capitalized firms not well capitalized firms. You have no statistics to back up such a claim.

Who Has What With Congress set to increase capital requirements to $20 million and with the NFA having previously narrowed down the list of U.S. Brokers to 24 I thought it helpful to post the numbers for the remaining brokers in business so everyone knows where the industry is at in the here...

Here We Go Again Well it appears the NFA is not done with its capital increase crusade. They are pushing hard in the Congress to increase the minimum capital requirement to $20 million and it appears they have succeeded. The Congress has passed legislation to do just that...

Goodbye to YOU A new year brings with it a new forex industry. Let's hope that the new year will be a lot better than the last. Last year the NFA had its hands full as over a dozen firms went under dragging thousands of investors to the bottom of the sea. The NFA has stated that there are...

NFA Fines Solid Gold No word on whether Solid Gold has made the capital requirement however.

Judgment Day Today is the day when the $5 million minimum capital requirement rule takes effect. News out of Money Garden is that they are dropping their high leverage accounts in order to comply with the new rule. That means no more 400:1 leverage from MG, or 200:1 for that matter. The...

Chood ditch the tinfoil hat and try again.

Every industry has its scam artists Chood. Futures and Stocks have plenty of their own crooks. Ever seen the movie Boileroom? The point is to avoid these little bucketshops and stick with the well capitalized forex brokers in order to avoid all this stuff.

CFTC Raids FXLQ Forex Liquidity is apparently in debt to its customers to the tune of $11.6 million. Here is the official CFTC Press Release:

One World Sings the Blues Now that the CFTC has begun their investigation of One World Capital expect some rather unsavory things to come out in the next few months. The Chicago Sun Times just ran this story today on the suit filed against One World...

Breaking News: FXLQ To Close Its Doors An email is circulating around the net that FXLQ has apparently sent to their customers. The CFTC is about to sue them. FXLQ is in deep, deep, deep trouble: http://www.forexfactory.com/showthread.php?t=59150&page=7