The Scammers Have Hit Canada!

E

eden

I have always thought of Canada as being the United States slow but steady brother in the north. I never expected Canada to become a hot bed of scammers and fakers.

Over the last week, I must have received atleast 12 phone calls pushing some type of FX scam or broker. what is up with this? Have the forex dreamer class moved up north? I notice that there are no FX sponsors on this US based site--- I remember about 6 FX sponsors last time I was here 3 years ago--

What happened??
 
lower leverage, higher net capital requirements for firms, increased scrutiny, Americans lost ability to open accounts at overseas firms unless NFA/CFTC registered.

It's all down in forex section if you want to know the details - just got to search it a bit
 
JamesL said:
lower leverage, higher net capital requirements for firms, increased scrutiny, Americans lost ability to open accounts at overseas firms unless NFA/CFTC registered.

It's all down in forex section if you want to know the details - just got to search it a bit
More...
I'll search it if I notice any difference. For me these are the glory days of forex trading. I can get a half pip spread or better on eur.usd almost 24/7. 40:1 is more than enough rope to hang myself. I have a lot of problem with regulation, but no problem if my broker is registered, and I wouldn't deposit any money with them if they were not.
 
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