your 100% right but who wants to leave there money in fxopen hands, there not highly regulated
- #923
- Feb 22, 2011 10:39am Feb 22, 2011 10:39am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #924
- Feb 22, 2011 12:48pm Feb 22, 2011 12:48pm
it's a good thing
Regulations in my opinion give only the illusion of a business being safe and create:
- a lot costs on brokers' end, later transferred to clients or sheeple,
- and create unnecessary market entry barriers for younger businesses.
When a market is regulated clients do not seek for additional protection and reassurance from their business partners thinking that the regulations imposed by the state are sufficient (they become self-complacent and rest on laurels).
Numerous cases as Bernie Madoff's or Lehman Brothers (and thousand others) prove that the regulations do not work in the long run:
- bad business keep on prolonging their miserable existance
- in case of a bankruptcy the clients end up mostly screwed anyway
- in case the clients are not screwed and receive some compensation, this compensation is paid out at the taxpayers' expense (so that the state can in few cases show the public that the system 'works' and thus justify the regulator's existence).
Regulations mostly work for the benefit of the regulator's employees who otherwise would need to look for a job on a free market and compete with other more competent people.
Just my two cents...
- #930
- Feb 23, 2011 9:57pm Feb 23, 2011 9:57pm
From how the language is structured in the Dodd bill, it states counterparty to US retail investors. If Dukascopy can explain how this will affect non US investors as JD is insinuating, I'd like to know.
Of course we can ask the broker. The point of having a discussion on a public thread is for the purposes of information sharing and transparency.
Dukascopy Bank SA is choosing not to answer the question. I as well as others would like to know the answer to my simple question. If you are a client of Dukascopy Bank SA call with that question. They dance around it without a precise answer, why? If there is nothing to hide answer to the point.
I’m not going to waste my time trying to guess what’s going to happen after 4/16/11 because I can not tell you only Dukascopy can BUT chooses not to.
JD
It's Easy To Get In;.. It's Hard To Get Out 
Not totally true I think its because they dont know what will happen between now and then. There is still a possibility that republicans can save the day and delete that part of the bill !!
Fudomyo, exactly!
Dukascopy Bank SA is choosing not to answer the question. I as well as others would like to know the answer to my simple question. If you are a client of Dukascopy Bank SA call with that question. They dance around it without a precise answer, why? If there is nothing to hide answer to the point.
[font=Times New Roman][size=3]I’m not going to waste my time trying to guess what’s going to happen after 4/16/11 because I can not tell...
- #935
- Feb 24, 2011 11:14am Feb 24, 2011 11:14am
Not totally true I think its because they dont know what will happen between now and then. There is still a possibility that republicans can save the day and delete that part of the bill !!
but the futures lobbyists won that battle. I can’t see any type of a repeal, remember they put all that nonsense in place under the blanket… “We are protecting the retail trader.” 
JD
It's Easy To Get In;.. It's Hard To Get Out
- #936
- Feb 24, 2011 11:26am Feb 24, 2011 11:26am
Are you sure ?
as far as I know (but it was a years ago) the swiss banks deposit was guaranted up to CHF30k only.
It's not about how much you make, it's about how much you don't lose.
Fudomyo, exactly!
Dukascopy Bank SA is choosing not to answer the question. I as well as others would like to know the answer to my simple question. If you are a client of Dukascopy Bank SA call with that question. They dance around it without a precise answer, why? If there is nothing to hide answer to the point.
[font=Times New Roman][size=3]I’m not going to waste my time trying to guess what’s going to happen after 4/16/11 because I can not tell...
Of course the answer is no, they will not register in usa, otherwise it would not make any sense not to answer that question, from a business perspective.