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Saxo Bank and the Saxo Trader are NOT, repeat NOT, an ECN. Saxo is exactly the same as any fx retailer offering proprietary internet-based trading: it trades against the customer. It's not an order matching agent (an ECN) and is not brokering your trades to anyone else. You've been lied to if...

Day trading, aka scalping, with bucket shops? I too know "many people having the same results" -- they're busted, bucketed out, sh*tty results! If I were you, I'd refine this shill schtick. It's not very good.

Ever shoot dice at El San Juan? (To repeat, "Excellence in thread" awards to mtzianos and naz9403 for fundamental analysis and technical analysis, respectively.)

Time to close this thread. Summer over. "Excellence in thread" awards to mtzianos and naz9403. naz9403, early on in the thread, said presciently that "more upside to the dollar than yen technically speaking." From date of that post to now, anyone who position traded on that advice would...

Something tells me the bucketeers are spreading the love again. Maybe its this line: "you can make 200 times as much money than trading stocks without more risk." Or maybe its the part about needing only one grand to start. (Or maybe bwc is right and the post is sarcastic. That's the...

Of course it's profitable, wildly so I'm sure. How much more profitable could it be when its customer base can be gulled into continuing to trade with no assurance even that "profits" will be paid? "Heads we win, tails you lose" usually is a joke, not a proposition.

Another question: what are the assets of the Refco Group companies (Refcofx included, I believe) that are in the bankruptcy? Just before the bankruptcy, didn't the Refco Group obtain 380 million or so from Jim Rogers, then another lump of cash of about that same size from the Austrian bank...

"Different ballgame," yes, and for a reason you may not know about. I opened an account with a FX dealer after trading its demo for more than one year. Platform worked flawlessly, no problems, all orders -- limits included -- filled at right prices. Then, within two weeks of funding a real...

From your question, I gather you don't use stop-loss orders or limit orders -- the latter either as take profit or as entries. Stops and limits supply the fx dealer with the price targets to hit, avoid, and job. They are the food of his profit machine. That's why I say the dealer decides who...

Yes, you have badly misundstood the "relationship." The dealer (not "broker," because it's not brokering anything) is the bookie; you're the bettor. The dealer holds your bet; it is the counterparty. The dealer sets the score (the currency quotes on the platform) while the game is on and at...

No, I didn't write it. It comes from Oanda's forum, from a thread entitled "pip shading" (or words like that). Check it yourself. The thread is a pretty healthy discussion by customers experienced with Oanda (assuming the forum is legit). The tag "Senior Member" is given by that forum, not me.

From the looks of the RefcoFX website, it appears that it is open to new accounts, astounding as that would seem. Its site has been updated in one understandable respect: the "Complete Safety of Funds" heading and page are gone now.

What better proof that the bucketeers have come to expect that their customers are endlessly naive and gullible? Imagine a real broker making that proposition to a professional investor? It’s ludicrous. That the customer opened an account with the bucketeer is proof enough of foolishness...

Post below is recently from a "Senior Member" of the much-touted forum at Oanda, the fx retailer that, we're told, is honest and the "best" of the bucketshops. The senior Oandian is replying to another Oandian's ire over having his limit orders dishonored by Oanda, while his stops are always...

"However, forex customers should not have to worry about the stability and financial integrity of their forex dealer. That is where the benefit of dealing with RefcoFX comes in. Stability and Financial Integrity. . . . No Counterparty Risk. Size matters. The broker you align yourself with...

[from another poster this thread:] ". . . when a firm files ch 11, you're an UNSECURED general creditor. So, get in line with the guys they buy pencils and coffee cups from."

"Refco F/X Associates," listed as one of the Debtors, according to post above. Is that the fx dealer, RefcoFX? Anyone.

Nick, how did I get on your bad side today? Sugar crash from all those candy bars maybe? Stick to your diet, you'll be less cranky.

The material you quote refers to options and futures. Where does it say that CFTC regulates spot fx trading, and more importantly, which CFTC regulations apply to spot trading? If you cannot identify them (there are none), I'd leave the issue alone. Otherwise, you're simply spreading a myth...

Zilch, if you're a RefcoFX customer. You cannot possibly benefit from either one. Why is "unregulated" such a hard concept?