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The Savior’s Greatest Hits- Volume II You didn’t think the Savior would forget such criminal masterminds as Robert Gray or overlook the smooth talking shysters hustling and bamboozling the public at places such as Easy Forex or FX Open did you? On with the show… 1) Forex Bastard’s...

The Savior’s Greatest Hits- Part I It has been one year since the Savior started posting about the misdeeds and misadventures of the undercapitalized and the criminally minded in the retail foreign exchange world. To mark that anniversary here is a rundown of the top stories from a year of...

ACM Comes Out of the Dark… … and into the light. For years ACM has operated on the fringes of the legitimate forex dealer world but they have now seen the light. ACM is the newest registered forex dealer to become a member of the NFA...

Cleaning up with the Cavemen I have been pressed for time and thus the Caveman Challenge has floundered as a result. But the cavemen are coming off three straight winning weeks. The Savior misunderestimated the knuckles dragging, club wielding, forex tabulating Australopithecines churning...

Easy Forex Exposed Or so this website claims: www.easy-forex-warning.com You’ll remember earlier this year the Savior wrote up a story on Easy Forex after an Israeli news broadcaster ran an expose on them: http://www.forexfactory.com/showpost.php?p=1723203&postcount=525 In that...

Tradeview Throws in the Towel No Mas! No Mas! Like a bloody and battered Roberto Duran the folks over at Rosenthal Collins are giving up on MT4. This weekend they dropped a bombshell on their clients: http://www.forexfactory.com/showthread.php?t=92624 Anyone who spends time on the...

The Gray School of Irish Dance The receiver for FXLQ released their latest report to the court and it is chock full of eye popping revelations. http://www.robbevans.com/pdf/forexlqreport02.pdf Revelation Number One: the Estate is short two million dollars. Revelation Number Two: the...

CFTC Net Capital Report Update The new net capital numbers are out. These numbers are more important than ever due to the new law requiring all forex dealers have $10 million in adjusted net capital by the end of September and $20 million by May 2009. Here is the link to access the report...

agreed. finex was dodgy no matter how you slice it but in fairness to them at least they closed up shop in an honorable fashion.

Correction: Varengold and Finex Last year Finex was investigated by the SFBC in Switzerland, however, they were not closed for fraud as was indicated in a post titled “The Dead Pool Graveyard.” It appears that Finex was bought out by Varengold FX thus bringing the investigation to a...

Caveman Forex Challenge: Week One Week one of the Caveman Forex Challenge is in the books. Our friendly neighborhood Neanderthals gave out 12 free trades last Wednesday. It was not one of Caveman’s better weeks according to their own grid which shows them losing -5 pips overall on all...

The Forex Man in the Mirror The here has been a lot of pissing and moaning about the new law requiring forex dealers to have $20 million in adjusted net capital to stay in business. Yet very few of the firms now affected by the law seem to have done much to stop it or modify it. At some...

The Caveman Forex Challenge My recent post questioning the validity of Caveman forex’s signals stirred up a chest thumping response from the Cro-Magnon community and like the cavemen from those Geico commercials they are up in arms over the stereotypes the Savior heaped upon them...

Bankruptcy Blues Having a rough day trading? Well, things could always be worse. You could have an account at one of the bankrupt forex firms described below. Perhaps the worst thing about having an account locked up in bankruptcy is the uncertainty and the legalese that gets spit in your...

China Raids Northfinance and GFX Group One of the fastest growing markets for retail fx trading is in China . The only problem for forex dealers is that currency trading in China is illegal. The Chinese Government routinely rounds up underground forex dealers and introducing brokers but...

The Farm Bill is Now Law The veto was overridden and the CFTC is now at work implementing the new law passed by Congress. CFTC has just issued a press release touting what the new law does: http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5501-08.html And so it begins. The...

D'OH!

Forex Bastard’s Babe Bound for Big House So many scandals, so little time. Late last year Felix Homogratus the infamous “Forex Bastard” of forexpeacearmy.com fame got swept up in an international sting operation conducted by the Department of Homeland Security. (See Complaint...

Bush to Veto Farm Bill Today President Bush will officially veto the farm bill today per Reuters: Congress may initiate an override vote as early as this evening. We are nearing the end game now.

No, YOU don't care about the new cap numbers. YOU are not the trading public. 58,000 page views indicates that quite a lot of people care about cap numbers and due diligence. Hence the reason I am pointing out that the following firms have not yet met what is likely to be the upcoming capital...