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Proposed NFA Capital Requirement
- Thread starter forexsavior
- Start date
Quote from Paliz:
You are right, but dont you think that he is leaving things out?
Maybe he failed to mention a small firm that is going out of business or something. Like an honest mistake.
I don't know why someone would trade with a small, let alone unregulated firm when you can get better execution with larger firms and security.
I mean these small guys that give insane tight spreads, who says they have to execute you at that price? A lot of them shade prices and flat slip your ass.
And if there's a dispute, you're fucked.
Can someone tell me something that a small firm gives that a large regulated competitor doesn't?
Please, I'm listening with no ulterior motives.
Quote from Bongo972:
Maybe he failed to mention a small firm that is going out of business or something. Like an honest mistake.
I don't know why someone would trade with a small, let alone unregulated firm when you can get better execution with larger firms and security.
I mean these small guys that give insane tight spreads, who says they have to execute you at that price? A lot of them shade prices and flat slip your ass.
And if there's a dispute, you're fucked.
Can someone tell me something that a small firm gives that a large regulated competitor doesn't?
Please, I'm listening with no ulterior motives.
He failed to mention a lot, he says that he does this to protect traders, then he says that he only wants to discuss the minimum requirement, and then goes to discuss FRAUD invloving only a smaller firm.......he should be on this thread replying to other ET posters and not waiting until a small firm is in trouble. No one else should speak for him, but himself!!!!
It's a bit odd that ForexSavior is doing this. In fact, he even quoted one of my articles, that's how I found this forum.
He does, however, raise some good points.
There's lots of regulation coming down on retail forex dealers lately from the NFA. You should understand the rules, and make sure you choose a broker that isn't at risk.
And it's not just revenue requirements anymore. They've also gone after the Introducing Brokers (IBs) (http://www.pfxglobal.com/index.php?option=com_content&task=view&id=937&Itemid=188)
On the new revenue requirements:
http://www.pfxglobal.com/index.php?...=459&Itemid=188
John
He does, however, raise some good points.
There's lots of regulation coming down on retail forex dealers lately from the NFA. You should understand the rules, and make sure you choose a broker that isn't at risk.
And it's not just revenue requirements anymore. They've also gone after the Introducing Brokers (IBs) (http://www.pfxglobal.com/index.php?option=com_content&task=view&id=937&Itemid=188)
On the new revenue requirements:
http://www.pfxglobal.com/index.php?...=459&Itemid=188
John
Quote from JohnPFX:
It's a bit odd that ForexSavior is doing this. In fact, he even quoted one of my articles, that's how I found this forum.
He does, however, raise some good points.
There's lots of regulation coming down on retail forex dealers lately from the NFA. You should understand the rules, and make sure you choose a broker that isn't at risk.
And it's not just revenue requirements anymore. They've also gone after the Introducing Brokers (IBs) (http://www.pfxglobal.com/index.php?option=com_content&task=view&id=937&Itemid=188)
On the new revenue requirements:
http://www.pfxglobal.com/index.php?...=459&Itemid=188
John
Guy, one of your articles can't be accessed