Newbie question for froex traders

[rezo_s]

Yes, I know - noone will insure your investments - maybe soe=me little part of it...
I actually had an unpleasant discussion with some very selfish newbie cusing Refco of being the worst broker. why? because they refused to take him as a client (to think what kind of person he was that even in such a competitive enviroment and the way fx industry is becoming popular!!! broker wouldnt like to work with a new client)...anyways that one had an attitude to argue with me about refco being a bad company and that it is best to trade with banks such as CBFX where funds ae insured the poor guy didnt know that I work with both Refco and Commerce bank - anyways that didnt keep him form being as rude as it is when I told him that cbfx will not insure the money as well. what a shame.
As I said - noone will insure your money, bcos this is a market place...
I didnt get into it and cannot say 100%, but I doubt that at least in retail forex you can find broker to ensure ALL your funds. Once again, I cannot say for sure.

 

[OddTrader]

According to the web site, I wonder that CBT alone (banking/saving-deposits), and CBFX LLC - a FX market maker (investment/margin-deposits) are two separate entities, legally and financially.

However, it mentions (for its IB program) " Commerce Bank & Trust has been in business since 1955 and is the only commercial bank in the USA offering retail margin trading in the spot FX market. As a commercial bank we offer your clients both security of deposits and greater leverage. "

Let us know if you've got more details.

 

[fxtrdr]

bankforextrading.com is , are unlike stock clearing firms is known as IB, the accts are opened in your name at .www. bankatcommerce.com a 48 yr old bank .

 

[fxtrdr]

bankforextrading.com is , similiar to, but not like a stock clearing firm, it is known in Forex as an IB, the accts are opened in your name at .www. bankatcommerce.com a 48 yr old bank .

 

[cvds16]

if you trade euro/usd intraday you must be crazy to go with one of these brokers, spreads are 4-5 pips, futures 3 or less and you can sit on the bid or ask.

 

[OddTrader]

Quote from fxtrdr:

bankforextrading.com is , similiar to, but not like a stock clearing firm, it is known in Forex as an IB, the accts are opened in your name at .www. bankatcommerce.com a 48 yr old bank .

That means they all are just the same bank (with different web sites):

CBT (Commerce Bank and Trust)/ CBFX (Commerce Bank/Trust Foreign Exchange) http://www.cbfx.com/;

and

The 48 years old bank www.bankatcommerce.com .

 

[rezo_s]

Quote from OddTrader:



That means they all are just the same bank (with different web sites):

CBT (Commerce Bank and Trust)/ CBFX (Commerce Bank/Trust Foreign Exchange) http://www.cbfx.com/;

and

The 48 years old bank www.bankatcommerce.com .

www.bankatcommerce.com is a webpage of Commerce bank - it is for baking purposes.

www.cbfx.com is a currency trading offering page of same bank...

when you go to cbfx.com website and on the menu you go to "about CBT" -> " Commerce bank" - you are directed to Main bank website...that is the whole story...

 

[OddTrader]

Quote from OddTrader:



That means they all are just the same bank (with different web sites):

CBT (Commerce Bank and Trust)/ CBFX (Commerce Bank/Trust Foreign Exchange) http://www.cbfx.com/;

and

The 48 years old bank www.bankatcommerce.com .

Interestingly, another "Commerce Bank and Trust" http://www.cbtks.com (FX?),

which is located at Main Bank--
3035 SW Topeka Blvd.
Topeka, KS 66611
Phone: 785-267-8900
http://www.cbtks.com/contact_us/index.shtml

http://www.cbtks.com/interactive_cbtks/locations.shtml

, cannot be found from the branches (all located in MA) below:

http://www.bankatcommerce.com/branches/BranchLocations.asp

 

[rezo_s]

I think there is more than just in MA and the branches you see there.
FDIC shows ( http://www3.fdic.gov/sod//sodInstBranchRpt.asp?rCert=17484&rYear=2001) 10 brunches, wheras on commerce bank website there are already 11. Maybe its a new site, maybe something else. It also says that Holding Company is
COMMERCE BANCSHARES CORP. ...
If you make a search in Google on Commerce bank.. you get a lot of it. :eek: http://www.google.com/search?q=Commerce+bank
I was once interested in that issue (in the begining), but then I said - 10 brunches in MA, FDIC registered, +$860 000 000 in assets, excelent execution - is enough not to dig anymore. Plus several very serious investors gave me good recommendations...so it was enough for me not to spent time on that issue anymore.

 

[OddTrader]

Quote from Nana Trader:



You are saying to be S&P emini trader, and you still
don't know that Esignal is a feed and charting package
which has nothing to do with the spreads as they
aren't brokers?

I don't need spread and want to be able to click
on inside bid and ask price, then you can try this two:

www.hotspotfx.com
www.forextrend.com they have joined with
Esignal for trading.

But they don't have mini forex account, therefore you
have to deposit more money.

Are you (Is anyone) trading with these two? Any comments?

Your feedback would be appreciated. Thanks in advance!