DislikedDoes anybody know what is the worse outcome from the CFTC investigation that was announced just recently?Ignored
Probable outcome, cftc will slap a fine, but fxcm will still stay afloat
FXCM with Sierra Charts - Discussion and alternatives 8 replies
Elliott Waves discussion 4 replies
FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies
Euro/Dollar discussion 9 replies
Forward Testing Discussion Thread 241 replies
DislikedDoes anybody know what is the worse outcome from the CFTC investigation that was announced just recently?Ignored
DislikedHey everyone, I live in the US so I am a little limited in the brokers I use. I currently use TD ameritrade over here and they work well for my swing and longer term trading but aren't so good when it comes to news trading. Can anyone suggest a good broker to use when trading the news?????Ignored
DislikedDoes anybody know what is the worse outcome from the CFTC investigation that was announced just recently?Ignored
Disliked{quote} Hi Bsmile, I would be remiss not to mention that prices can be extremely volatile during news events. No doubt that's what attracted you to news trading in the first place, but the volatility can be double-edged sword. While the risk of slippage exists in any market with any broker, this risk can increase dramatically during news events because of rapidly changing prices. A big advantage with FXCM is slippage can be either positive or negative, but one must still consider whether the potential rewards are...Ignored
DislikedDoes anybody know what is the worse outcome from the CFTC investigation that was announced just recently?Ignored
Disliked{quote} the worst outcome, assuming you live in the United States, is the brokerage could go belly under, and you would have to wait for the insured funds to be paid back, (assuming you actually do get paid from the FDIC...) if you don't live in the united states, kiss your account goodbye. Probable outcome, cftc will slap a fine, but fxcm will still stay afloatIgnored
Disliked{quote} What CFTC investigation, the only investigation I see are a few years back that were settled in 2010 and 2013.Ignored
Disliked{image}Search Engine >> Search Term >> "CFTC FXCM" >> Results >> http://www.cftc.gov/PressRoom/PressReleases/pr7431-16Ignored
DislikedCan I use the Thinkorswim platform from TD Ameritrade with an account from FXCM?Ignored
Disliked{quote} the worst outcome, assuming you live in the United States, is the brokerage could go belly under, and you would have to wait for the insured funds to be paid back, (assuming you actually do get paid from the FDIC...) if you don't live in the united states, kiss your account goodbye. Probable outcome, cftc will slap a fine, but fxcm will still stay afloatIgnored
Disliked{quote} Insured funds??? roflmaoIronically, these wonderful regulations which require us to deposit 10 times more than the rest of the world because they feel leverage hurts us, do nothing to protect our funds. If a US broker goes belly up, you lose all of your money. Once again, this is why I trade offshore, my money is just as protected as with a US broker (not at all) but I only have 10% of the amount at risk due to the higher leverage. Plus due to the ability to hedge and no FIFO, it is far easier to recover a position....Ignored
Disliked{quote} the worst outcome, assuming you live in the United States, is the brokerage could go belly under, and you would have to wait for the insured funds to be paid back, (assuming you actually do get paid from the FDIC...) if you don't live in the united states, kiss your account goodbye. Probable outcome, cftc will slap a fine, but fxcm will still stay afloatIgnored
Disliked{quote} {quote} @pipmaster77 you have a point, but you are overstating the safety of trading offshore. The biggest concern when it comes to unregulated/offshore brokers is their lack of accountability and financial transparency. Should traders do their own due diligence when choosing a broker above and beyond checking whether a broker is regulated? Absolutely, but making sure a broker is answerable to some government authority by being regulated is a bare minimum when...Ignored
Disliked{quote} It's actually quite simple. Let's use round numbers for simplicity. I have $25,000 to trade forex with. In the US, I need to deposit the entire $25,000 for margin to execute the size trades I want. By trading offshore, I keep $20K in my FDIC insured bank account and deposit $5,000 with my broker. Both brokers go belly up, in which situation am I better off financially? I think you'll agree that still having the $20K in my bank account is better. I do trust my broker 100% by he way, I have actually watched price come within .01 of my stops...Ignored
DislikedPlease note there is a holiday in the US on Monday, September 5th for Labor Day. You can see our holiday trading hours for CFD's here: What are the CFD Holiday Hours? Forex trading hours remain unchanged, and you can view the holiday rollover interest (swap) schedule here: Forex Rollover CalendarIgnored
Disliked{quote} Your calculations ignore the risk of keeping your money with an unregulated offshore broker unwilling or unable to meet the minimum standards of financial responsibility and transparency set by a government regulator.Ignored
DislikedHi Jason could you please explain this : {image} {image} Which bank on ebs has payed this price ? -No one bank on the world had bids there https://youtu.be/_RSih-uqKU0Ignored
DislikedHi Jason could you please explain this : {image} {image} Which bank on ebs has payed this price ? -No one bank on the world had bids there https://youtu.be/_RSih-uqKU0Ignored