FTO Brokerage

Any one heard of them or used them? Looking for a quality STP borker that still allows hedging. Has anyone tried them? Thier Demo spreads seem good on MT4.

These guys? In the Republic of Seychelles? Send your money to an unknown party here?

Are you serious? Have you read all about the wonderful world of JadeFX? Perhaps the 500+ (former and now destitute) traders there can offer you some advice.

There must be 4 dozen brokerages where you'd be better off. Choose one of them.

Why anyone would think of sending their money to an obvious swindling bucketshop like this is beyond reasonable and sane thinking - you'd be far better off sending your money to a charity. You'll never get it back, but at least you know it helped people who needed it and declared their intent up front.

I still cant believe that people don't understand that you can open a company in any of these places, call it a fx broker, get some fake license, convince a company like FXCM or forex.com to let you be a whitelabel partner, accept client funds etc., and then when you introduce all your clients to forex.com, you can call yourself a STP or ECN broker because you send all your trades to a liquidity provider - the dealing desk of forex.com - stupid.

10 pips says the cftc will be breathing down their necks soon if the Jadefx case is anything to base it on (Jade used tech support through BT in the US). These guys web servers are located in the US.

http://www.whois.net/whois/forextradingoffice.com

Im sure the cftc will be able to claim jurisdiction.

Another red flag is the fact that they only registered the domain for 1 year. Why not do multi year for a discount unless you expect to shut the site down and run with the money.

Im just curious but how do you people find these bucketshop brokers, do you just type into google "Im looking for a broker to rip me off"?