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Wait I take one back “GFT” is the only one in your bunch that would meet the new laws qualifications at this point, why because they already have business in the futures market. , theirs actually a lot more qualified well capitalized banks and futures firms now offering retail FX for...

Not so sure of that, read closely,, the bill states the FX firm would need to have 20m in cap and primarily or substantially engaged in on-exchange business to qualify. and I know for shore none of the firms you presented have on-exchange licensing, if the bill passes, looks to be going strong...

Found theses links on forex factory on the same topic, very good reads especially This 1sest and 2end ones NFA President urges House Subcommittee to address forex regulatory issues in CFTC reauthorization bill http://www.nfa.futures.org/member/newsLetter2.asp#Testimony...

Not 100% sure of that meaning myself, are their and legal eagles here at the forms that can put this in laymen’s terms for us? From what I understand here this bill destroys most Retail FX players at least as I know them, Looks like the banks and future firms are only ones qualified even...

Reading the full bill it will also bump violation penalties from 100k to 1m!!! talk about compliance, firms CO’s will need to work twice as hard to stay clean now. :)

I wonder if this new cap will be structured same as the 5m is now, meaning a 20m cap only permit brokers to offering a max of 100:1 if they what 200:1(to stay competitive) that bumps their caps up to 40m, Wow that would be domes day for 90% of these guys, imagine having to 40million tied up in...

More bad news for the struggling or may I say inadequate FX brokers and IB out their, on the other hand good for all their clients as this new bill will be a huge step in the right direction to clean up the forex trash and make it safe for traders.. Unregistered FX IB’s out and...

Unregistered FX IB’s out and 20million cap FX FCM in http://weblog.fxstreet.com/2008/01/nfa-tough-times.html http://www.govtrack.us/congress/billtext.xpd?bill=h110-4626

Hit the nail on the head here, established futures firms who employ segregated funds business models are far sappier in all aspects than these FX bucket shops commingling funds firms. I’m pretty sure CFTC will be cleaning house on most if not all these FX bucket shops, leaving the more...

This is pure speculations but to me Looks like ODL may have been playing the same “bogus reserve trick” as FXLQ and quickly removed what they could not prove,, why else would their cap reserve drop so quickly and drastically? :eek: :eek:

Not to sure about that, Dbfx & Fxcm just may be the same, same platform, servers, even live help seems to be the exact same just white labeled,, talk about a wolf in sheep’s clothing!!! wow ..

forexsavior Could you please add a new firm to your well canalized ( $46 million ) list, also 80 years of upstanding business and unmatched ethics should get them on top of your list. Here is the scoop.. One of the one of the largest, oldest, well respected futures firms in the US...

Yes this maybe true but it’s going through FXLQ first,, R Gray (FXLQ) has IBFX contractual tied to him for the rest of their existence. :eek: I know I once worked for both.

Another one bites the dust, FXLQ falsified their cap reserve with some phony baloney offshore bond, if this terns out to be fact feds get involved and Robert gray is done!!! This brings Up the question will this also stop IBFX after all Robert gray FXLQ is IBFX’s soul liquidly provider...

Wow still no response, this guy must be a hired bloger .. WHY NO RESPONCE? ________________________________________ Quote from BigGun: forexsavior what is your agenda here, are you even a trader or simply a paid bloger from one of the big firms?? ________________________________________

WHY NO RESPONCE?

forexsavior what is your agenda here, are you even a trader or simply a paid bloger from one of the big firms??

All that will come of this cap increase is less FX retail firms resulting in the ones remaining widening spreads, I think we should all start looking at the NFA as the bad guys, they will shrink the completive playing field and give the remanding FX firms a monopoly and power to do what ever...

Florida Condo and Pre-Construction contract legal actions continue to gain momentum http://www.depositrecoveryservices.com/2007/09/florida-condo-and-pre-construction.html miami will go down..

Great thing about forums we can always come back to say told you so, give them 2-4 months tops. :D