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Are these lessor-known forex regulators trustworthy?

  • #41
  • Edited 12:49pm Aug 15, 2015 12:01pm | Edited 12:49pm
Quoting PoundTrader
you must be under a lot of stress.
After reading what PFG did and the incompetence of CFTC/NFA auditors, I am. I am surprised you are not. They are the ONLY safeguard that we have against people who take our money away after we voluntarily give our hard-earned money to those people and they couldn't detect fraud for TWENTY YEARS!!!

Oh well chacun son gout.

Quoting Forexia
Is there any checks in the auditing procedure and systems that guard against that? Do they actually do a reconciliation of the FCM's trades to customer funds to make sure they match? How would the auditor ever know or find out the REAL customer funds balance if the FCM does not report it? I am just wondering.
I guess you don't know.
Make your losses in demo. Earn your profits live.
  • #42
  • Aug 15, 2015 6:02pm Aug 15, 2015 6:02pm
  • #43
  • Aug 16, 2015 8:49pm Aug 16, 2015 8:49pm
Quoting PoundTrader
{quote}CFTC change the system, it's damn near impossible to cheat these days when it comes to brokers and clients funds, don't have time to explain how the new system works but you can look it up.
It sounds great. However, CFTC only can control USA organizations as far as I know. Correct?
  • #44
  • Aug 16, 2015 8:56pm Aug 16, 2015 8:56pm
Quoting orabi
{quote} it is not so high go for fx baxter please have a nice day sir
baxter is in a very low rank on popularity and it's regulation status can't be found.
  • #45
  • Aug 16, 2015 9:11pm Aug 16, 2015 9:11pm
Quoting PoundTrader
...
Quoting Forexia
{quote} ....
Dear both, we are in a same boat indeed. It's not easy for us to make money and we should cherish carefully.
There is risk there and the most importance is how we should manage it. Correct?
Believe we can discuss friendly and find the consensus as it's a purpose of this thread.
  • #46
  • Aug 17, 2015 12:12am Aug 17, 2015 12:12am
how often do U.S. brokers run off with your money, doesn't happen a lot but when it does 99.9% the person responsible goes to prison so im not concern with u.s. brokers im more concern about brokers like ironfx and there regulations
  • #47
  • Last Post: Aug 17, 2015 2:20am Aug 17, 2015 2:20am
Quoting PoundTrader
how often do U.S. brokers run off with your money, doesn't happen a lot but when it does 99.9% the person responsible goes to prison so im not concern with u.s. brokers im more concern about brokers like ironfx and there regulations
Well i am not from the US but a lot of my friends are and they seem to be dealing with those brokers who are more reputed and those who are having more presence in the International markets
Trading in Forex since 8 years
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