Does anybody have experience with Velocity4x ?
Member NFA (NFA ID: 0358241)
Member NFA (NFA ID: 0358241)
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Velocity4x
- Thread starter michelino007
- Start date
If a broker like this one is is registered with the CFTC and is a Member of the NFA, does it really mean that it is a honest broker?
Quote from michelino007:
If a broker like this one is is registered with the CFTC and is a Member of the NFA, does it really mean that it is a honest broker?
It doesn't protect you any more and it wouldn't stop any MM from hunting stops or doing the things that most MM's do. Also it doesn't provide any extra protection for you in this unregulated market if that's what you mean. That being said if I had only a small amount of money to use I would rater put it with someone that took the time to meet the compliance requirements of the CFTC and NFA.
If you have enough money there are much better options but if not then they could be an option. If you are going to trade with Velocity4x you might as well go to the sourse they use and trade direct with them... FXLQ.
If a broker like this one is is registered with the CFTC and is a Member of the NFA, does it really mean that it is a honest broker?