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Why do you people go for those cranky companies (fxmaster ??) Plently of quality services out there: CapMan, Ace Trader, etc. Just go to www.forexnews.com and check the 'Technicals' section.

This is a real address with real offices, I lived in Geneva for many years and can confirm. As far as I know FX regulation as applied to non-banking institutions does not really exist in Switzerland.

I completely understand point d) and have no problem with it. I think this set-up has it's advantages, but not in volatile markets. When the rates are moving rapidly no other retail trader will be holding the bag - its up to the much dsliked market-makers (referred to on this forum as 'bucket...

This is a completely different case, futures are traded on the exchange, so that the exchange is your counterparty. Spot FX is OTC, therefore whoever holds your margin or executes margin calls will be your legal counterparty, Interactive Brokers in this case. The rest, I apologize to say, is...

OK, then I have several specific questions. Let's say I leave a stop order and it doesnt get filled although the market was trading at that level. Who do I call? Let's say I get taken out on a margin call, but I believe this should have not been the case, who do I call ?

Granted, in some places they will let you place your own bids/offers but a) i believe it only applies to market orders b) this can lower your cost of trading if you're lucky but will not provide and substantial liquidity, particularly when it's needed. The question of a counterparty is a...

jimrockford, I usually agree with you on most things but not this one. Let's define 'market-maker' or ('dealer') and 'broker' for FX. FX is by definition a decentralized multiple dealer market. Dealers (e.g. banks) trade with each other either either directly or via a broker. Broker in...

In this market there is ALWAYS someone on the other side of the trade. For a retail client 99% chances are that the other side will be a market-maker, the question is which one. I have never traded with Oanda but my impression is that they are generally OK.

ZoneTrooper, I guess I will never understand the logic behind getting robbed by a bunch of guys (RefcoFX) and immidiately sending more cash to exactly the same bunch of guys (FXCM) while being perfectly happy about it.

Just another marketing ploy.

MY question is how can a company with the capital of 50-60 mil (FXCM) "buy back" its shares for 110 mil. Unless the actual cash payment is small and the rest is just a transfer of liability (i.e. customer funds placed with Refco FX that are not there anymore). Is FXCM betting on the fact that...

You were telling people to BUY Refco STOCK. The stock was DELISTED. You think people on Elitetrader do not know the difference between stock and bonds ?? What a clown you are.

Are you the person who said Refco stock was a "screaming buy" AFTER the scandal broke out? I don't see how you can continue posting here or on moneytec under the same name. What a disgrace.

Purely vested interest for me here. I like jimrockford's posts and prefer reading him while he is not trying to lecture a bunch of aggressive orangutans.

jimrockford, Don't bother with these guys, you are wasting your time with the Apex and Co crowd.

jimrockford, FXCM "rescuing" RefcoFX alsways sounded like a complete joke to me. If they take over the accounts, this means that you can withdraw the very next day. Now if the cash is there why wouldnt you be able to withdraw right now ?? More likely, the cash is not there and FXCM will cover...

No such 'luck' for Refco FX customers. For them account withdrawals are frozen until further notice.

ifx commerce and hotspot ratings are based on 3 and 2 votes respectively, so IMHO the sample is rather small. At the same time Hotspot are a good company and so are IFX London. I never traded on IFX Commerce but their staff seemed to be not very professional and badly informed. Among the North...

Chood this document refers to OTC FOREX transactions which is what FXCM, GAIN, MG etc are offering. It's a fact, please call NFA, CFTC or whoever and dont't waste your time and mine. By the way I agree with you that unethical firms like Refco should not get away with it, and they won't (I...

Chood, stop spreading false information!!! Once again, I do not claim complete regulation (if there is such a thing), but this is what you would find in the NFA brochure if u bothered to read: ---- Who regulates off-exchange foreign currency trading? The CFTC has some regulatory...