DislikedI posted this over a month ago {quote} I have 3 unregulated off shore brokers. Had a great trading week and other than not being able to trade CHF pairs for maybe 5 hours, neither I nor my brokers were impacted at all. To anyone still believing you should be with a US based regulated broker......get your head out of the sand.Ignored
My offshore broker barely noticed a blip. The extent of their "precautionary" actions? They temporarily raised the margin % a little on CFH pairs until the dust settled and they stayed in constant communications with their clients throughout it all. Unlike fxbs ... they run a proper business. Their trade execution is flawless as well .... also unlike fxbs.
So I agree Profit. If I'm not "protected" << LOL ... ... here in the states, why be shackled with the crap trading laws here?
For the record, I don't blame fxcm for the SNB event of course. But the way they handled it and the effect it had on them and their clients if not "bailed out"? One should seriously consider such things when seeking a br0ker ... me thinks.
Betting this post won't last long ...
Ghost Rider - WWTBMD?