Is America becoming China? It is quite common to be asked by a broker as to how much the Chinese IB would like to deposit to test the system. The answer, in many cases is “About $250.” This means $250 million! Here is my opinionated and open view on the western FX industry and its environment these days. The United States has an absolute love/hate relationship with the retail electronic trading industry, and conversely, FX brokerages have a love/hate relationship with doing business in the United States. On the face of it, although this matter is often ignored by FX brokerages outside the United States, it is the ... (full story)