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You may want to re-visit my prior post. I added to it while you were replying.

You're joking, right? I contacted Finanstilsynet, as I said, but it replied only that it would not reply. If you'd read my post, you'd know that. So, according to the regulator, there was no way to find out if other Saxo customers were similarly defrauded, and no way to find out if the...

I traded a six-figure USD account with Saxo Bank, using the Saxo Trader. I contacted Finanstilsynet, which is the Danish Financial Services Authority (FSA), when Saxo burned the account by refusing to honor profitable limit orders. Finanstilsynet replied to me in writing that it could not and...

Heck, I'd invest in Saxo, too, now that I know its business model, which is to fill every customer's stop loss while dodging some or many of the customer's profitable trades, namely by refusing to honor profitable limit orders when the limit prices are breached. All you need is a handy set of...

While you're at it, I'd like to hear from anyone who has traded the yen-denominated Nikkei 225 on the CME. Do you choose the yen contract to capitalize on moves in the yen vs the dollar? Or are there other reasons for the choice?

No, you're absolutely right. And even "small account" traders should heed your comments. What's the point, much less advantage, of trading small (or at any level at all) with a bucket shop, which is what many (or most) spot FX dealers are? If you're any good, the spot dealer will job your...

"Mixed reviews" may be charitable. See this thread from January, 2005: ------------------------------------------------------------------------ Quote from verynewboy:Hmmm... After 24 hours it looks like no one wants to say anything good about Saxo Bank...

Good, glad to hear that.

See thread "Saxotrader pros & cons" in Forex Brokers forum of this board before conducting any business with Saxo Bank. Check elsewhere, too. I say that because Saxo ripped us off. Also, it holds itself out as accountable to a regulator when in fact it is not accountable at all. I know...

Saxo Bank partners with Rosenthal Colllins Group (RCG) to operate the RCG Trader, which is Saxo Bank's Trader white labeled to RCG. Interestingly, RCG takes great pains to hide its involvement with Saxo. RCG does not mention Saxo anywhere in the information and extensive advertising about the...

Sonray, a Saxo retailer in Australia, may be a "cut out" to protect Saxo from the same scrutiny and problems that prevented Saxo from obtaining licensing in Australia in the first place. Customer orders and order fills likely are controlled and decided by Saxo, not Sonray. My guess is that...

Coinz, Board veterans say you're a shill for a FX dealer. True? Shill, defined: "a decoy who acts as an enthusiastic customer in order to stimulate the participation of others."

Anyone trading the CME Nikkei 225 futures and, if so, can you comment on relative advantage or disadvantage of trading the yen-denominated contract versus the USD contract? Do you have experience in both? Also, since the two contracts trade when Tokyo and Osaka exchanges are closed, any...

Pick your poison, I guess. My point is this: what good is your talent as a trader if your orders and positions are "jobbed" by the FX dealer whose hype you buy? What good are the sporty bells and whistles of the FX dealer's platorm if your profitable trades are dishonored, or if spikes are run...

I just added an extra paragraph to my preceding post. It may be a bit more responsive to your question.

For clarity, I did not suggest or suspect poster John Merchant of being a shill. Just the opposite: I guessed that his reply may mean that he viewed the series of prior posts as scripted promo for FX dealers. Agreed: if you can, trade the futures (CME products on Globex, for example)...

Maybe he sees the replies as a tag-team shill. It wouldn't be the first time posters have used the board for that purpose. Shill, defined: "a decoy who acts as an enthusiastic customer in order to stimulate the participation of others."

If using Moneytec, see its "Due Diligence" forum and the posts there about FX dealers. You have to register at Moneytec and be logged in as a member to access to that forum. I'll note that, in my opinion, Elite Trader has a membership with substantially more experience in trading than the...

Latest, dishonest hype from Saxo Bank, on its website: “[L]local brokers are often not government regulated . . . . When dealing with Saxo Bank, you are dealing in fully regulated and reliable environment. We are subject to stringent financial reporting and specific regulations regarding...

Saxo Bank partners with Rosenthal Colllins Group (RCG) to operate the RCG Trader, which is nothing more than Saxo Bank's Trader white labeled to RCG. But, interestingly, RCG takes great pains to hide its involvement with Saxo. RCG does not mention Saxo anywhere in the information and extensive...