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New Interbank FX risk warning, including percentage of losing accounts
Interbank FX sent this one to all its clients yesterday. Read and weep. Also scroll to the bottom to see the percentage of winning vs losing accounts. No surprise there. What’s surprising is that they show only about 18,000 accounts whereas all IBFX PRs claim 35,000. Interestingly enough, all US brokers will have to start disclosing this data by October 2010. As part of the recent CFTC rules and regulation changes with the forex market, all forex traders must read and agree to the updated risk disclosure document below by October 16, 2010. We are required by the CFTC to disable the account(s) of those who do not ... (full story)
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- sebring001
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