DislikedYou should check the NFA webpage next time instead of asking a customer service rep who obviously knows nothing. http://www.nfa.futures.org/basicnet/...d=0382918&rn=NIgnored
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DislikedYou should check the NFA webpage next time instead of asking a customer service rep who obviously knows nothing. http://www.nfa.futures.org/basicnet/...d=0382918&rn=NIgnored
QuoteDislikedFXDD Announces Pending NFA Approval
NEW YORK, NY May 7, 2008 – FXDD, a global leader in online foreign exchange trading, today announced its applications for becoming a National Futures Association (NFA) member and for registration as a Futures Commission Merchant (FCM) with the CFTC are pending approval. Clients may follow FXDD progress through the registration process by logging on to the NFA’s website (www.nfa.futures.org) and searching the BASIC system under its NFA ID number 0397435.
“The pending reauthorization legislation for the CFTC will fill the gaps left by previous legislation and narrow the playing field for entities in the Forex space. The value of companies as registered entities and non-registered entities is driven by many factors; registration is certainly one of those factors,” commented James E. Green, FXDD’s chief legal counsel. “FXDD is always interested in increasing its business under the appropriate circumstances by providing professional service and promoting certainty and clarity as to the government and private agencies responsible for regulating Forex dealers.”
DislikedSix weeks ago I reported on the danger of trading with FXDD because they were the only forex firm in the United States that had neglected to get a license from the NFA.
http://www.forexfactory.com/showpost...&postcount=674
Well it appears FXDD took my criticism to heart.
All I can say is, it's about time! Count that as another victory for retail forex traders. The Savior's work goes on...Ignored
DislikedYou must be really dumb to think that a company waited all this time until you started placing posts in forums.Ignored
DislikedI doubt that he actually thinks that he is the sole reason for FXDD being regulated.
In any case, this is a big step for FXDD and will definitely put them in a position to seriously compete with the major MT4 shops in the U.S.
They will release updated financials soon as well, which I believe will be a surprise to those who don't believe that they are a well-capitalized firm.Ignored
DislikedBoston,
The only reason you love FXDD is becasue you are an IB for them so lets get that straight and lets not forget that you are also an unregistered IB. I dont really care what FXDD comes out with for financials; I mean it should be a decent number considering they have been in the market for a while now and it would be hard not to be profitable if you know what you are doing.
However, you have probably never traded a live account with FXDD and you really have no clue what their company is like except for what they tell you. Why dont you leave this forum open to those that actually trade and not to those who make a paycheck by getting clients to trade with a broker their in bed with.
I would hope forexsavior doesnt actually think that they started the registration process because of what he said but who knows and who cares.Ignored
DislikedMy post really sparked that much anger?
Please try to refrain, once again, from stating fallacies.
Thank youIgnored
DislikedWe are now seeing just the kind of guy Forex Savior is. A non-trader with enough time on his hands to manage constant blogging on 2-3 different forums. I still don't get the vengance against FXDD. Its annoying like someone is paying him to do it. Thoughts?Ignored
DislikedWe are now seeing just the kind of guy Forex Savior is. A non-trader with enough time on his hands to manage constant blogging on 2-3 different forums. I still don't get the vengance against FXDD. Its annoying like someone is paying him to do it. Thoughts?Ignored
DislikedHey forexsavior, are you being paid by any of these guys?
Oanda
FXCM
GFT Forex
Gain Capital
Interbank FX
I Trade FX
I personally don't give a rat's patootie one way or the other. I'm just askin' in the name of transparency and all that. Something I'm sure you can sympathize with.
Ignored
DislikedAs far as transparency is concerned, what's good for the goose is good for the gander.Ignored