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I only mentioned SIPC becasue we are talking about WHICH broker which goes hand in hand with "Which Exchange or OTC" and client money protection. etc.. any way back to OTC FX Best transparency would be either FX futures or if SIPC protection sought that FX ETF list woudl be OTC FX even if it...

Yes I agree with you Exchange traded is better as there is no conflict of interest as comapred to OTC .. but how many people understand this difference! as soon as they see the word Broker many think oh must be OK .. FXCM USA is a good example of things going bad.. having said that in USA even...

sure there are Market makers on main exchanges, you and me can be a market maker in that sense! but I think what the OP meant was a "no conflict of interest" broker.... such as all FCM or stock brokers who simply take your order to a regulated true exchange so in case of CME they novate the...

Robert great explanation.. as an industry professional could you please clarify few more things on regulations 1) Which model in USA is required to be regulated as broker dealer and is it dependent on model or product ( equity futures, OTC ) 2) Same question about Canada 3) In the Test for fee...

Those are regulated brokers,, the OP is asking for prop firms who offer leverage beyond what a broker like IB Portfolio margin will allow

LOL so 3 million for traders meaning the "prop" firm made less than that... ok fine that is partial disclosure .. what will never be disclosed is does this "Firm" make more money by selling test or from trader profits? It is like all the "trading gurus" " they make more money by selling...

Do you mean Registered but independent CTA or traders who trade in house for a proper prop firm?

They claim to have hundreds of "Trading Offices" around the world.. but can't produce one name and not specially in a major jurisdiction like USA/UK, Aus, Singapore etc If at all there are "trading floors" they are in tin pot countries

If they are providing Equity trading funding with first loss don;lt they need to be a broker dealer? no mentions of that on website!

Anser is in Laiwssez Faire's detail post.. which clearly indicates that these firms relay on failed Test fee paying people coming in all the time Real prop's motive is to generate profit from selected talented traders trading profits not test fees!

Spot on but many don;t realize this gimmick and keep paying the TEST fees! entire thing is disingenuous if not illegal but one day I hope SEC FCA etc crack down on this

You are paid 100% of your SIM account performance. this is a double edged sword for them If majority of traders on SIM loose they don;t loose anything as real money is not risked,,,+ they get to keep teh "Test Fee" BUT what if all of a sudden majority of those on SIM start making money ...

Yes true .. I cant make out what exactly the OP has in mind

Ok so I have a question or 2 1) is it not true that that "it is valuable to everyone else " only becasue they have spend real currency in to obtaining the Crypto asset! if the confidence evaporates then the withdrwal in Real currency will be lot lot less , now apply same logic to USD or Euro ...

Sorry I don't really understand you .. all I was amazed was at the comment that you don;lt care if the shady firm runs away with your deposit as long as that firm promises ultra low comms! ( that is my interpretation of your post)

I didn't care if I lost a 20k deposit with a shady firm if I was going to make more in 1 month with them/save money on commish vs. retail But the question is what if the firm is outright scam and vanishes with your 20 K First loss deposit ! as soon as you put it that is what I meant .. any way...

I found it amazing after loosing money with 5 such "Firms" you are saying "I don't even care about the security of my "deposit"/first loss."

I don't even care about the security of my "deposit"/first loss. I've been with 5 firms that for one reason or another evaporated overnight with my deposit, I could care less. What?

1:15? OVERNIGHT?

So you traded with swift and was lucky to get money back.. good, so what makes these other firms different? so with Swift or Alkaline do you have to prove your past trading ? or as long as you have the "First Loss" money you are in? what is the deal ? Another thing that worries is some of...