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Updated on $10 Million Rule The Ten Million Dollar Capital Requirement effects ONLY those firms that trade at a margin level of greater than 100:1 So which firms in the Dead Pool are directly effected by this? Well, not many. IG index would be affected if they actually solicited...

They announced a major equity investor a short while back. They're loaded now.

CFTC Cap Update The New Cap Numbers are out! With the exception of MB Trading (now at $5,190,000) there has been no indication from the poorly capitalized firms on this list that they are shoring up their financials in preparation for the big cap increase to $5 million due in just 6 weeks...

Getting back to the Subject at hand... Is Velocity4x Finished? According to the most up to date CFTC Report on file for Hamilton Williams (dba Velocity4x) this firm's future is in grave doubt. Hamilton Williams only has $1,100,000 in adjusted net capital. That leaves them a scant 100...

One World Capital For the record One World started halting customer withdrawals shortly after the NFA charged them with failing to meet their capital requirements. Anyone who reads through this thread can see for themselves the tales of misery and woe from numerous one world customers...

Breaking News: Cap Requirement Now $10 Million! The last few weeks I have been enjoying the NFL season and thus my posts have not been as prolific as they were over the summer. However, it has come to my attention that the NFA has actually increased the minimum capital requirement to $10...

NFA Speaks on Cap Requirement The NFA made another announcement about the coming increase in Capital Requirements stated below: The following firms, according to the latest CFTC Report, do not meet the coming $5 million requirement: Hamilton Williams ($1,100,000) IG Financial Markets...

Your sad little commentary mr frank speaks for itself. But you keep on hyperventilating if it makes you feel better. I'm sticking to the issue at hand.

Mr. Frank we know you have it in for FXCM. If you want to start up a thread bashing them be my guest. But this thread is about the issue of low capitalization in the industry. It is the firms below $5 million whose futures are in question at the moment. It is the firms below $5 million that...

Keep Your Eye on the Ball Again, this thread focuses on poorly capitalized firms. Why? Because poorly capitalized firms are the source of most of the industry's problems. What are those problems? As I have demonstrated in this thread poorly capitalized forex dealer members have gone out...

NFA Accuses Royal Forex Trading of Fraud Well the folks over at IKon can't be too happy with the news that the NFA has filed suit against RFXT and accused them of fraud in a new complaint: http://www.nfa.futures.org/BasicNet/Case.aspx?entityid=0370971&case=07BCC00028&contrib=NFA IKon...

Update on Tradex Swiss AG Misery The Boston Business Journal ran another article on the shenanigans going on over at Tradex Swiss Ag: http://boston.bizjournals.com/boston/stories/2007/10/08/story3.html Like most Swiss firms Tradex Swiss AG is not regulated and customers have been burned...

Updated CFTC Cap Numbers The new capital numbers are out. Here is the most comprehensive list available of the industry's financial status. I have included every single registered Forex Dealer Member and listed their Adjusted Net Capital. Since I first started posting about the NFA proposal...

Large Firms Prepare for Cap Increase Two of the biggest FX Brokers are preparing for the coming increase in capital requirements by loading up their balance sheets. First, Oanda has landed $100 million in funding: http://www.americanventuremagazine.com/news.php?newsid=3474...

All the NFA has to do is prevent a company from going into bankruptcy and demand they distribute the funds first. That is what they did with Sentinel. That is what they could do for all Forex Firms.

Good question, but the NFA has punted on it sad to say

MIG is not regulated. I would be very wary of trading with any unregulated firm.

Mr. Angry I wouldn't be so sure that UK firms like CMC, IG Index, and IFX will stay in the U.S. market. They may have high market caps but that does not translate into instant free floating capital to send wherever they please. Do these firms really want to set aside $15 million in capital for...

IG Index is pretty safe, in the UK. But I think they'll probably close of up their U.S. office and pull out of the American market altogether.

It's Official: NFA Hikes Minimum Cap Requirement to $5 Million Only days after the President of the NFA told the Congress he wanted them to raise the minimum capital requirement to $20 million the CFTC signed off on the NFA's current minimum capital requirement request to $5 million. And...