Search results

Just found a citation that reports that the NFA is finally getting around to the issue of stop hunting. Now they're supposedly going to require brokers document pricing aberrations. Anyone care to weigh in on whether they'll ever really get around to sanctioning a broker for spiking? The...

FXCMsavior: Facts speak for themselves on both counts yet you refuse to address yourself to the issue of broker misconduct which, historically and to my way of thinking, has put and will continue to trader's funds at far greater risk than capitalization. I won't be posted to this thread...

How have you managed to use FXCM's (Forex Capital's) server to publish this stuff? Are you a janitor there? If you aren't a shill for them, then how do you explain that your posts originate at their IP address? I haven't dismissed the capitalization issue, I has just dared question the...

At last, I'm vindicated. Your credibility, if you had any at all, just evaporated and well it should. You've been outed on still another of the ten or so forums you've been dedicating your recent working life to and now FXStreet's moderator's are questionning your motives as well. Pair the...

I'll keep asking the question until you answer it. Should traders avoid dealing with brokers who have been sanctioned or are currently being sanctioned by the NFA or not? I don't care who they are. If nothing else such sanctions show that an FCM is poorly managed. In FXCM's response to NFA...

Fact remains, even the One World client who emailed you hasn't lost their money yet. If you read the NFA's complaint, it's obvious management there is seriously lacking. I repeat, when One World declares bankruptcy or absconds with traders funds, I'll gladly offer my apology. Not a minute...

Your vindication will come <b>if and only if</b> traders end up on the short end of the stick like they did when Refco went under. I have yet to hear of a single trader losing money when NFA shut down any of the firms you've been citing throughout this thread. The fact that the impending...

Sorry about that. "Him" in the previous post refers to Steve at MbTrading.

I respect your right to draw your own conclusion here and let's face it, $5M is far better than $1M. However, I know when I've been asked to collateralize anything in my own personal life, I never offered to make a larger deposit than required. Why anyone would do that is beyond me. I...

I've already made my preferences known - Oanda and MBTrading and I don't work for either of them. Instead of calling me names, why don't you deal with the issues here. If you check NFA, you'll find that neither of them has ever been sanctioned by the CFTC or NFA. Here's MB Trading's...

Granted, it's only my personal opinion but I have to hand it to Forexsavior. He has orchestrated a phenomenal fear campaign that FXCM, if it isn't directly responsible for it, is obviously attempting to capitalize on. (Reference Forexsavior's quote of a recent FXCM email.) Personally, I don't...

Bigmrfrank, Where did you find this "official statement? I couldn't find any reference to it on FXCM's website. Thanks.

Just checked the latest FCM financials. If net capital is the measure of all things, all of the top five are doing just fine save FXCM which reported a 20% decrease. The following data was extracted from the past two financial reports. Oanda increased from 35,361,139 to 49,222,317. FX...

I'm not into dirt and, I, too, appreciate the facts as they have been presented in this thread. That being said, I really think a lot of what has been posted should be taken with a grain of salt. The Refco debacle wasn't a result of undercapitalization but mismanagement (fraud) and, apart from...

I've found this thread to be most informative but a sad commentary on the industry as a whole. A frequent visitor to the NDD forum, it's apparent to me that Forexsavior and Forexscholar are one in the same. I don't doubt for a minute that the industry is going through a major shakeup but why...

I find the preceding comments to be all too typical of those found on so many forums where members resort to ad hominem comments (attacking members) instead of dealing with the facts. I'm guessing FXCM wouldn't have moved to "no dealing desk" execution before Davis came along. And to suggest...

No. If it was, I'd certainly be promoting it. I was referred to Davis's blog last September and checked in every week or two to see if he has posted anything new but he disappeared for several months. Glad to see he's back at it. I've tried emaling him a couple of times. Responded once when...

Came across an interesting reaction to FXCM's recent announcement that it's moving to "no dealing desk" trading. Well worth the read if anyone is currently trading with them or thinking about it. The Non Dealing Desk Trader

Interesting post suggests that FXCM may be trying to avoid being held responsible as a referring agent for Refco. Blog post makes interesting reading. If bankruptcy court fails to meet trader demands for restitution, they still may have recourse.