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Wow, EFX/MBT has really been hammered on... Let's be honest. Out of the "brokers" that exist for smaller traders they are are not that bad. Seems they shouldn't try and sell the "ECN" thing so hard (They won't compare to any of the major ECN platforms) and if they can afford to they need to...

They don't know what they are talking about. I listed several video cards that would support up to 4 monitors... Anyway, the route you choose makes sense as well. Good Luck!

I agree that MBT/EFX seems to be upfront and honest about how they do business as well. The thing is most traders don't have a clue what true IRD rates should be and I think that was Mountain Traders point... They are getting screwed without even knowing it. But that being said MBT/EFX has...

I've noticed even some of the bigger ECN brokers doing this as well. I trade with several brokers and not 2 of them are the same but all are better than what EFX is doing with their Swap rates. There are some larger banks that pay the true IRD but not many. Who do you recommend to your students?

I agree! The Swap they pay vs. the Swap they charge is waaay out of line. Even the really sucky brokers are not this greedy. Take a look at what they pay (1standard lot) on GBP/JPY... It's $5.97 and there are many brokers (even bad ones) paying 22-24 per standard lot. Of course if you go...

Some banks think they can charge anything... From their website: USD/JPY 120.20/120.30 EUR/USD 1.2918/1.2928 GBP/USD 1.9583/1.9593 USD/CHF 1.2470/1.2480 AUD/USD 0.7844/0.7854 NZD/USD 0.6918/0.6928 USD/CAD 1.1701/1.1711 USD/HKD 7.7975/7.7985 Must not be the...

Please wait for a site operator to respond. You are now chatting with 'GCI Accounts' GCI Accounts: This is GCI Admin Rep Samiyyah . How may I assist you today? you: I heard a rumor that GCI was taking US clients now. Is that true? GCI Accounts: GCI Financial Ltd only transacts business with...

Anyway I don't want my name tied to CFD's. Can't believe I got roped into talking about them. Sorry folks but no reason to trade them... Stick with futures.

Hmmmm. Well in a different thread several CFD companies that will deal with US citizens were exposed. See This: http://www.elitetrader.com/vb/showthread.php?s=&threadid=84733&perpage=6&pagenumber=10

That makes sence. So they are of no benefit.

I agree. any direct reference to these CFD companies should be removed.

I don't know that's why I asked. I think it has something to do with the fact that it isn't really trading (Physical exchange of goods). It works like that in the UK from what I understand. I have to admit I don't want to waste much more time on this as CFD's are a joke... The only thing...

Many people talk about all the shady FX bucket shops... Guess now all the newbies that get sucked into CFD's will have more to complain about.

Are there any tax professionals around? The reason CFD's used to be blocked in the USA is because they wouldn't be able to tax them. I am guessing that the gov't has figured out a way to tax them and that's why is available now. Does anyone have any light to shed on this? FYI- I won't...

I thought you traded with CMC Markets... Why are you suggesting people use GCI? EDIT: B U C K E T S H O P. Be carefull.

Well considering the Dem's are for higher taxes I doubt they would like CFD's. The whole point (and why they've been blocked in the past) is it's a way to avoid taxes in trading. That is the sole benifit of them. And that's it.

Don't bother. Nobody want's to trade them anyway.

Everyone go check. LOL

So what about your 65million? You really need 200:1 huh? Just a guess but I doubt you can take on a 6.5 billion position size with a Market Maker.

Hey I just went to chat with a sucky CFD company (I referenced your name for fun) and guess what: Welcome to our live chat service! NorthFinance Support: Hello. How may I assist you? NorthFinance Support Team: Hello my name is Gavin , how may i help you? you: I live in the USA can I...