s, I can see by your posts you are new to spot currency trading so allow me to elucidate. When you set up individual agreements, as outlined in my previous post, these are not considered retail trading, in other words YOU and or your group have preset contractural agreements in place with these banks. If you live in the USA then your agreements would be in force under US law. So in reality I am not wrong, you are uninformed. Also as far as spot not having a a "pure agency - broker", which is the more proper term, you are correct. The reason for this is the unregulated nature of spot currency. If you want regulation you will have to trade futures, and pay the high prices in fees and the high tick values that are a consequence of the exchange board of directors and Govt regulation. Also if you wish to trade OPM you will need the following, series 3, (not that hard to get), FCM registration (your choice of level) and register with this agency that agency, oh and the state you live in if in the USA. I seriously reccomend that you stick to futures, it will make you feel better
s, I can see by your posts you are new to spot currency trading so allow me to elucidate. When you set up individual agreements, as outlined in my previous post, these are not considered retail trading, in other words YOU and or your group have preset contractural agreements in place with these banks. If you live in the USA then your agreements would be in force under US law.
Dear Sir ,If you wrote this message to author .Did you have any experience with SEC or CFTC or Court in USA
EXample
Author to CFTC chief of department (female)
-Madam ,please provide male (!) experienced investigator
- I gave you best investigator -female ...
-Madam Germany SEC provided author with Chief of derivative deprtment ,experience male
from noble family . He's opinion wopuld
have heavy weight for both party .
- I would forbide for each investigator in my deprtment disscuss any matter with you ...
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To end problem was decided in Court .
Summary - From experience of the author
SEC USA is more credible as CFTC , some of SEC brokers (AMTD OXPS) are purge agent
of principals(check he#s 10-k by www.sec.gov ,source of income) with mroe strong capita lbase as leading CFTC product brokers .
BY CFTC exist no any broker ,pure agent of principals.
Operator ,which have not negative experience ,can try to risk .Author have negative experience with legal matter
against broekr#s in Germany,USA,Swiss .
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So in reality I am not wrong, you are uninformed. Also as far as spot not having a a "pure agency - broker", which is the more proper term, you are correct. The reason for this is the unregulated nature of spot currency. If you want regulation you will have to trade futures,
It is essentialy CFTC product and author was prized by marketzar.com contest and was by court .
All future broker are not pure agent#s of principals.
CFTC product trading as future and spot
fx is multiple complex risk ,good part of which is legal ...
Lega lrisk by trading CFTC product is higher as by tradign SEC product .
and pay the high prices in fees and the high tick values that are a consequence of the exchange board of directors and Govt regulation. Also if you wish to trade OPM
Was not asked Sir ... Authorinteressed towin trading price moeny contest's
.Author won before in USA,Germany and will win more ...
1 place in tradign contest#s with 10000-20000 competitors good payed
100k-150k$ price money.
More of them ,through Germany tax system
Prize money are free from tax (in another case
speculative won from tradign taxed untill 50%)
