North Finance allows trading wheat??? | Forex Factory

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North Finance allows trading wheat???

  • #1
  • First Post: Oct 8, 2007 9:57pm Oct 8, 2007 9:57pm
how is this possible...i thought one can only deal with future contracts to take part of the commodity market....i see that NF has a variety of markets available for spot trading....is this to be trusted? i mean how else can i trade futures with 100:1 leverage lol that would be great.
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  • #2
  • Oct 8, 2007 10:04pm Oct 8, 2007 10:04pm
run like hell, i hope you don't have money with these guys.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Oct 9, 2007 12:07am Oct 9, 2007 12:07am
To be fair, I have traded at Northfinance, and they have never "removed" any profits made. UGM and 1World, NFA registered brokers, removes profit without fair reasons.

But that does not imply I am recommending NF. All i am saying is, they are better than some of the NFA registered brokers I know.
  • #4
  • Oct 9, 2007 6:00am Oct 9, 2007 6:00am
I have used them in the past and they were fine.. I don't like the fact they are not regulated though. They offer a range of CFDs and Futures which is quite uncommon for MT4 brokers! I think the margin requirements are higher for futures.
  • #5
  • Oct 9, 2007 6:01am Oct 9, 2007 6:01am
Quoting BurgerKing
To be fair, I have traded at Northfinance, and they have never "removed" any profits made. UGM and 1World, NFA registered brokers, removes profit without fair reasons.
What tricks did these brokers use BK?
  • #6
  • Oct 9, 2007 6:19am Oct 9, 2007 6:19am
Quoting peterM
What tricks did these brokers use BK?
BurgerKing

Did you not once had problem with them, The wanted to pay you e-gold instead of bank cash?

What if they suddenly refuse to pay cash but instead pay you in wheat??
Do you have to ship it out yourself and worry about having a large enough godown/store ??


Have a joyful trading day,guys
  • #7
  • Oct 9, 2007 7:28am Oct 9, 2007 7:28am
Quoting highway
BurgerKing

Did you not once had problem with them, The wanted to pay you e-gold instead of bank cash?




Have a joyful trading day,guys
That was during the time when egold exchangers stopped accepting egold. And NF (perhaps wanting to get rid of egold), forced me to accept egold money. THIS is why I dont recommend them anymore.

They did not remove my profits, but only forced me to accept something I dont want. But at least I got the money out.
  • #8
  • Oct 9, 2007 8:54am Oct 9, 2007 8:54am
same story, i don't look for nf to be around in the future, wait and see.
If I Go Broke Trying Then I Will die happy.
  • #9
  • Oct 10, 2007 5:54am Oct 10, 2007 5:54am
One thing that put me off them was the fact they used to take egold funding. That really is a scammer ecurrency.
  • #10
  • Oct 10, 2007 6:57pm Oct 10, 2007 6:57pm
im just curious how this thing works...spot trading wheat or oil? i mean how does this work...am i actually buying a futures contract with a central clearinghouse when i click buy through metatrader with NF ? last time i checked futures had a very big margin around a few grand.
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  • #11
  • Oct 11, 2007 5:47am Oct 11, 2007 5:47am
Quoting jjk2
im just curious how this thing works...spot trading wheat or oil? i mean how does this work...am i actually buying a futures contract with a central clearinghouse when i click buy through metatrader with NF ? last time i checked futures had a very big margin around a few grand.
Yeah, you cant trade spot oil without physically buying barrels of oil which for most people is not practical. I'm pretty sure the NF oil contract are the actual futures contracts.
  • #12
  • Oct 11, 2007 8:48am Oct 11, 2007 8:48am
Quoting Moe
same story, i don't look for nf to be around in the future, wait and see.
I beg to disagree.

I believe NF will be here far longer than the many so called NFA registered brokers. Not because NF does not have to follow NFA regulations, but because, its got larger client base and is generating good trading volume.

e-gold may be a scammer's paradise, but have you all ever considered than the USD is a much larger paradise for scammers? Point being, egold or USD has nothing to do with being a scammer.
  • #13
  • Oct 11, 2007 9:15am Oct 11, 2007 9:15am
Quoting BurgerKing
I beg to disagree.

I believe NF will be here far longer than the many so called NFA registered brokers. Not because NF does not have to follow NFA regulations, but because, its got larger client base and is generating good trading volume.

e-gold may be a scammer's paradise, but have you all ever considered than the USD is a much larger paradise for scammers? Point being, egold or USD has nothing to do with being a scammer.

I believe that NF got quite big client base for the time they are on the market, and it seems to me that they are successful in the business they are doing!
There must be a logical reason why they are not still regulated, imho.


Cheers
  • #14
  • Oct 15, 2007 3:16pm Oct 15, 2007 3:16pm
NF's net adjusted capital would put it in the top tier were it to go for the restrictions involved in NFA membership. I don't think they are going anywhere soon.
  • #15
  • Oct 15, 2007 6:08pm Oct 15, 2007 6:08pm
There won't be a problem until there's something big that happens. Look at Nothern Rock.
  • #16
  • Oct 18, 2007 6:55am Oct 18, 2007 6:55am

Quoting BurgerKing
I beg to disagree.

I believe NF will be here far longer than the many so called NFA registered brokers. Not because NF does not have to follow NFA regulations, but because, its got larger client base and is generating good trading volume.

e-gold may be a scammer's paradise, but have you all ever considered than the USD is a much larger paradise for scammers? Point being, egold or USD has nothing to do with being a scammer.




I am planing to trade live with Northfinance but i do not know anything about them, can someone please help me out? why is it that northfinance is not regulated? is there any beter regulated brokers that are not a member of NFA? proberbly a regulated one in Europe that has nothing to do with NFA in USA? PLEASE HELP ME.

  • #17
  • Oct 18, 2007 1:59pm Oct 18, 2007 1:59pm
Quoting JodyOng
There won't be a problem until there's something big that happens. Look at Nothern Rock.
What on Earth has NF, a broker based in Belize, clearing through FBME in Cyprus got to do with Northern Rock, a UK based BANK founded in Newcastle.
  • #18
  • Oct 19, 2007 3:15am Oct 19, 2007 3:15am
Quoting Ted1983
What on Earth has NF, a broker based in Belize, clearing through FBME in Cyprus got to do with Northern Rock, a UK based BANK founded in Newcastle.
Registered, not based thou
  • #19
  • Last Post: Oct 19, 2007 3:20am Oct 19, 2007 3:20am
Quoting hobnob







I am planing to trade live with Northfinance but i do not know anything about them, can someone please help me out? why is it that northfinance is not regulated? is there any beter regulated brokers that are not a member of NFA? proberbly a regulated one in Europe that has nothing to do with NFA in USA? PLEASE HELP ME.


Good(in my personal opinion) company, registered for some reasons in Belize(they openly state that), with quite big clients base(considering the amount of people who talk about their services), with quite good trading conditions(that is what i know for sure by simply comparing 'real' conditions of other b. houses).The rest is up to you personally.
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