Beginner Question: Spreads

Quote from DannyBens:

Thanks for the reference MTE. Indeed an interesting read.

Where there is money, there are thieves... but I was surprised to see they talk about Refco, which I assumed is a respectable instituation.

Well, back to the hunt.
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I don't trade FX, but from what I gathered FX futures might be a better alternative, since there's plenty of regulation and futures are exchange-traded.
 
Yeah, well this is also a disadvantage. I guess most of the good things said about forex trading are due to the fact that they are not centralized and not exchange-traded. But I will indeed check this alternative.
 
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