Forex.com Fined $100K By NFA

Quote from FBW:

I think the NFA?s statement and fine is enough. If people who are trading/investing in Forex or any other markets and don?t look at the NFA, then they deserve to have their money taken. Investments are just like any other business. There are some scams. Although, a million dollar fine would tighten things up a lot faster. Come on NFA, crack the whip!! Make a firm bleed.
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Haha, I agree. Although their net excess capital requirements are probably so low that if they were fined $1 million, they would have to shut their doors.
 
Quote from Chood:

This kind of news underscores the absolutely critical importance of working with a forex broker whose integrity, honesty, professionalism, and transparency are the very highest in the industry. I work with BigDoughFX, which is licensed in Switzerland and offers a premium suite of services including ....
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My God, you've become quite the cynic, my old friend. :)
 
Quote from Ivanovich:

My God, you've become quite the cynic, my old friend. :)
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Moi? No way. I'd even like to have accounts at BucketofDollarsFX and ChaChingFX, which are brokers other posters mentioned in this thread. That wish may be a lot of things, but cynical it ain't. Alas, it probably doesn't matter anyway, because I bet brokers like Bucket 'O Dollars and ChaChing have such high minimums to open accounts that they are out of my league. I'll have to stick with BigDough and Vladia Draganova, the currency strategist there who does video dealer chat.
 
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