Proposed NFA Capital Requirement

No Problem with CFTC

I don't have any problems with registering Introducing brokers and giving CFTC more oversight. My sole concern is the new $20 million requirement. Government should not be picking winners and losers in the marketplace. Let's see how the $5 million rule works first. If it doesn't, then I'll be open to $20 million.
 
Finally, compelling evidence that forexsavior is not affiliated with one of the big boys in the $20M+ club... Oanda, FXCM, GFT, Gain, IBFX, FXSol.

Most likely, forexsavior is with one of the $5-20M firms... PFG, ODL, CMS, IFX, Ikon, Hotspot FX.

Unless he's playing a double agent.
 
Strange that you would post your comments , on the contrary theirs very good reasons to believe he’s with one of the as you put them “ big boys” read between the lines and the fact this posters IP’s coming out of NJ (home of 2 of the biggest boys) is just another clue , remember the “ big boys” are just as much in jeopardy of loosing their industry foothold as the undercapitalized ones are this time around and I’m sure they know this, again it makes no deference how much cap padding a firm has this time around, rather the main concern here is the compliance structure and regulatory qualifications the firms working under.

Again Remember this time around it’s not just how well capitalized a firm is 20, 40 or even 100m, this new bill makes sure all FX retail firms are properly licensed and overseen!! read the facts http://www.elitetrader.com/vb/showt...threadid=114662 not the propaganda. Time will tell.
 
Hmm... I don't know how you could possibly know forexsavior's IP, unless you are Baron, Joe or one of the mods. Got a link?

In any case, Hotspot happens to be in Jersey City and most of the others have offices across the river in NYC, so that piece of info, even if true, doesn't really narrow it down.

Your link to your own thread is broken... I've fixed it for you:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=114662

Yeah, I've read it the first time.

I don't particularly care what forexsavior's affiliation is. Obviously, he must be a very well-connected industry insider who prefers to remain anonymous.
 
Quote from BigGun:

Just found proof that IBFX has been not exactly truthful in regards to their relationship with FXLQ, read this tidbit we found at FXstreet.



"
More...

So 10 million dollars of InterbanK FX funds are tied in with FXLQ ?

WOW, that is crazy
 
Quote from Paliz:

So 10 million dollars of InterbanK FX funds are tied in with FXLQ ?

WOW, that is crazy
More...

Not only having their funds tied up their and exposed as liars ( denying any relationships with FXLQ) now since they more then likely stopped using FXLQ for clearing their have nothing but problems with their dealing, crazy spreads, extensive platform downtime so can only assume their trying to bucket all trades,, . What a mass :eek:

http://www.forexfactory.com/showthread.php?t=66825
 
SEC top online broker capitalization for comparsion

all atleast 1 bil$

more of them AMTD,OXPS,SWIM ,IBKR

only IBKR through TMWD involved in trading against client interess .

AMTD,OXPS ,SWIM are pure agents of principal .

SWIM (thinkorswim) and OXPS are technology leader's
in they fields (options )


Author have point of view ,that SEC with he's broker's
is more credible as CFTC with FXCM,REFCO ,OANDA &
 
Quote from sim03:

Finally, compelling evidence that forexsavior is not affiliated with one of the big boys in the $20M+ club... Oanda, FXCM, GFT, Gain, IBFX, FXSol.

Most likely, forexsavior is with one of the $5-20M firms... PFG, ODL, CMS, IFX, Ikon, Hotspot FX.

Unless he's playing a double agent.
More...

All of you folks trying to catch forexsavior in some sort of conspiracy theory need to give it a rest. No one cares. He provides a much needed information string to the public. That's why his post was stuck to the top of the forum. So what if he works for one of the companies? Take the facts he posts for what they are. If you don't want to follow his opinions, don't.
 
This new bill would be a wonderful leap forward for the retail FX markets, Anyone can raise 20 million to meet a cap so that's no issue, but now under the new laws qualifications will certainly prevent the scammers from entering.
 
Quote from BigGun:

What a lot of the posters here seem to fail to understand is

1: this industry needs stronger regulations in place, people have been crying about fx brokers sneaky tactics for years now. just go search and read the forums, complaint after complaint on FX firms, now in stark compression go search fully regulated futures firms elite trader .com is primarily futures traders, not many complaints their in fact a good 85% of any of the complaints found there are on FX firms. FX firms much to crocket as is.
2: the higher caps and new regulation may run a good deal of brokers out, but on the other hand, will have a new fully capable bunch who can qualifying step in, it’s silly to think otherwise.

Or maybe the ones saying it’ "much to high" are actually connected and profiting from the firms that will never comply. Think about it, who wouldn’t what the new caps and laws in place to protect the clients other then the crocket firms and IB who know they will never be able to comply if they were.
More...


http://www.elitetrader.com/vb/showthread.php?s=&threadid=111265

many posters here also fail to understand is Biggun is playing for a merc firm that is trying to break into the spot market... has a hiden agenda to bash the established brokers in this industry...
 
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