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Proposed NFA Capital Requirement
- Thread starter forexsavior
- Start date
Quote from forexsavior:
People don't trade currency futures because they are impractical to day trade. Execution is lousy, the spreads are too wide and the margin is unattractive. The CME is a dinosaur. Certainly they are more stable than the forex firms I write about. But they are behind the times.
Impractical to daytrade ?
Why ? you get $500 daymargin for all the majors
Execution lousy in currency futures ?! LMAO
you clearly NEVER traded futures, it is the best execution you can get ,within 1 second , ALWAYS
Spreads too wide ? 1 pip for the EUR/USD and USD/JPY most of the time
KEEP UP THE MISINFORMATION !
Quote from jaytrader100:
i am done with you.. go ahead and keep playing equity roulette wiht your little tiny FX firms.. do you think for a second soros or anyone for that matter with a lot of capital uses those littel bucket shops to trade fx? No way.. they use banks lioke goldman , jpm etc.. look at the amount of money or should i say look at the low amount of money your littel fx firms have in total customer assets.. it's measured in millions not billions.. i'll trade pork bellies over retail spot fx any day.. at least i know tomorrow morning my segregated funds should be intact.
Good luck to you
http://www.cftc.gov/customerprotection/fraudawarenessandprevention/forex/index.htm
equity roulette ? you mean, russian roulette LOL
You almost have to believe that guys like Forexsavior have a hidden agenda..
Forexsavior -forgot about the commissions. Thanks for reminding me. So in futures you pay Spread AND Commissions. Another reason to trade spot fx. Look you want to trade pork bellies or orange juice than futures is the place to be. But in forex trading serious traders don't trade futures, they trade spot. Just ask George Soros.
*************************************************
For true comparsion spread and commission from spot fx can be used only one broker ,which offer protection of the funds -
hotpotfx.com in U.K.(not in USA)
All another spot fx brokers offer that not ! And they are not the matter (not oanda,not fxcm ,not ... )
hotspotfx.com offer margin 1:50(liquidation 1:100) ,account minimum 7500$
and that is not the better as offer from ampfutures.com ,ta,pa,infinity ,mirus &
with account minimum 2000$ ,
not in the spread ,not in commission -for ec,jy,bp
*************************************************
For true comparsion spread and commission from spot fx can be used only one broker ,which offer protection of the funds -
hotpotfx.com in U.K.(not in USA)
All another spot fx brokers offer that not ! And they are not the matter (not oanda,not fxcm ,not ... )
hotspotfx.com offer margin 1:50(liquidation 1:100) ,account minimum 7500$
and that is not the better as offer from ampfutures.com ,ta,pa,infinity ,mirus &
with account minimum 2000$ ,
not in the spread ,not in commission -for ec,jy,bp
Moe27
why worry about traders trading spot fx, if you guys like trading currency futures trade and be happy, im happy with spot fx.
No worry ,but broker which make good impression
(protection of the funds) in spot fx only one hotspotfx.com
U.K.
In currency future multiple brokers offer DOME with full liquidity
and protection of the funds.
Statements of forexsavior about currency fx is customized propaganda .Possilbe that forexsavior work by spot fx broker ,
in this case he's opinion about currency fx is related to profit
of the company ,for which he work .
Your respectfully
why worry about traders trading spot fx, if you guys like trading currency futures trade and be happy, im happy with spot fx.
No worry ,but broker which make good impression
(protection of the funds) in spot fx only one hotspotfx.com
U.K.
In currency future multiple brokers offer DOME with full liquidity
and protection of the funds.
Statements of forexsavior about currency fx is customized propaganda .Possilbe that forexsavior work by spot fx broker ,
in this case he's opinion about currency fx is related to profit
of the company ,for which he work .
Your respectfully
Updated Swiss Dealer Dead Pool
There is a great deal of uncertainty in the Swiss Forex Dealer community right now. There is no way of knowing which firms are here to stay and which firms are collecting coins in preparation for their crossing of the river Styx. I have emailed all the major Swiss firms to try and find out if each firm plans on getting a banking license. The responses (or lack thereof) have been quite illuminating.
As such I'm starting a Swiss Dealer Dead Pool to keep the trading public updated and informed about what is going on in Switzerland.
Firms that claim they are applying for a banking license
1) ACM
2) Fibo Group
3) Crown Forex
4) DukasCopy
5) MIGfx
Firms that are fleeing Swiss Regulation
1) Masterforex. Their business office is listed in Switzerland but they are registered in the Seychelles and have stated they do not need to get a banking license.
2) forex-swiss. FXCH, despite the fact they are NAMED "Forex Swiss" claim registration in Dominica. This is an odd company that has claimed multiple office addresses over the years including, Switzerland, Austria, South Africa, Iran, and the United States. Today they are claiming they have offices in Dominica and the United Kingdom. Tomorrow who knows, they could claim a mailing address in Tibet. Beware this firm.
3) Prime4X. Their head office is in Switzerland but they have stated they are applying for a license in Cyprus.
Firms that are no longer accepting customers or have been shutdown
1) WestCapFX
2) Tradex Swiss AG
3) Finex
4) Aleccohfx
Firms that refuse to comment
1) GFX Group (Forex.CH)
2) Swiss Direkt
3) Tadawulfx
4) Advised Trading
As always conduct your due diligence and make sure the firm you trade with is regulated and legit.
There is a great deal of uncertainty in the Swiss Forex Dealer community right now. There is no way of knowing which firms are here to stay and which firms are collecting coins in preparation for their crossing of the river Styx. I have emailed all the major Swiss firms to try and find out if each firm plans on getting a banking license. The responses (or lack thereof) have been quite illuminating.
As such I'm starting a Swiss Dealer Dead Pool to keep the trading public updated and informed about what is going on in Switzerland.
Firms that claim they are applying for a banking license
1) ACM
2) Fibo Group
3) Crown Forex
4) DukasCopy
5) MIGfx
Firms that are fleeing Swiss Regulation
1) Masterforex. Their business office is listed in Switzerland but they are registered in the Seychelles and have stated they do not need to get a banking license.
2) forex-swiss. FXCH, despite the fact they are NAMED "Forex Swiss" claim registration in Dominica. This is an odd company that has claimed multiple office addresses over the years including, Switzerland, Austria, South Africa, Iran, and the United States. Today they are claiming they have offices in Dominica and the United Kingdom. Tomorrow who knows, they could claim a mailing address in Tibet. Beware this firm.
3) Prime4X. Their head office is in Switzerland but they have stated they are applying for a license in Cyprus.
Firms that are no longer accepting customers or have been shutdown
1) WestCapFX
2) Tradex Swiss AG
3) Finex
4) Aleccohfx
Firms that refuse to comment
1) GFX Group (Forex.CH)
2) Swiss Direkt
3) Tadawulfx
4) Advised Trading
As always conduct your due diligence and make sure the firm you trade with is regulated and legit.
Alsov Swiss broker
http://www.realtimeforex.ch/
Capital was under 1mln sf
Belov Point of view on regulation !
http://www.realtimeforex.com/forex-regulatory-environement.htm
The financial markets in Switzerland are long established and well regarded, and Geneva, along with New York, London, Tokyo and Singapore, is among the largest foreign exchange centers in the world.
The Swiss regulatory system: which forms the base of the Geneva market, adheres closely to European norms. In recent years, in order to maintain the reputation and integrity of the Swiss financial system, the Swiss regulatory authorities have further tightened controls, particularly in the area of money laundering. Realtime Forex, as a Swiss financial institution based in Geneva, Switzerland, is subject to Swiss law and all applicable regulations.
Under the Swiss anti-money laundering act, which entered into force in April 1998, all financial intermediaries must either be affiliated with a recognized self-regulatory organization or be supervised directly by the Control Panel for the Prevention of Money Laundering Autorité de Contrôle LBA . Realtime Forex, in compliance with this act, is now directly under the supervision of the Control Panel and as such is subject to all its regulations, controls and sanctions.
As a Swiss company operating under Swiss law, we consider that confidentiality is a cornerstone of our relationship with our clients
http://www.realtimeforex.ch/
Capital was under 1mln sf
Belov Point of view on regulation !
http://www.realtimeforex.com/forex-regulatory-environement.htm
The financial markets in Switzerland are long established and well regarded, and Geneva, along with New York, London, Tokyo and Singapore, is among the largest foreign exchange centers in the world.
The Swiss regulatory system: which forms the base of the Geneva market, adheres closely to European norms. In recent years, in order to maintain the reputation and integrity of the Swiss financial system, the Swiss regulatory authorities have further tightened controls, particularly in the area of money laundering. Realtime Forex, as a Swiss financial institution based in Geneva, Switzerland, is subject to Swiss law and all applicable regulations.
Under the Swiss anti-money laundering act, which entered into force in April 1998, all financial intermediaries must either be affiliated with a recognized self-regulatory organization or be supervised directly by the Control Panel for the Prevention of Money Laundering Autorité de Contrôle LBA . Realtime Forex, in compliance with this act, is now directly under the supervision of the Control Panel and as such is subject to all its regulations, controls and sanctions.
As a Swiss company operating under Swiss law, we consider that confidentiality is a cornerstone of our relationship with our clients