Phillips Capital | First Retail Forex Exchange in US?

You are correct, Inceptionist. Very good. I could give a rats tail who does as long as it gets done. I just happened to pick up the phone, ask them questions and got what appeared to be an open forum for possible discussion at greater detail within the company. When somebody gives you a direct phone number and a name, that's an invitation to call and make your request known. I don't know of any other company in existence who want's to be in the business, who got kicked out of the business by the SEC as a "broker" and when asked whether or not they would consider coming back as an Exchange, did not immediately say no.

They did not say yes and they did not say no. That tells me that it might be possible, if they can see clearly through to a way of recovering start-up costs and running a successful (profitable for them) Exchange. If I were them, I'd certainly want to know as much as possible about the interest level among active Retail Traders before making that move.

Anyway, I'm done with this topic on this forum. If people want it, they will get involved, make their voices heard and hopefully get something done. But, I cannot tolerate stubborn and foolish Traders who don't use common sense and better judgment, especially when there is opportunity to benefit the entire Forex Trading Community in the U.S. - a community that was a part of for well over a decade.

All the best to you and the others who see the potential light on this subject. I hope PhillipCapital comes through for you and disrupts the current bucketshop status quo. It needs disruption and transformation into something far more fair for the Forex Spot Trader here in the United States.

Goodbye!

Yes but what I am saying is Philip Capital is NOT the one to call if we want an exchange to trade foreign currency on. It's organizations like CME, Reuters or Bloomberg, organizations that CAN and (actually DID already make it happen in history before) that we need to call to make it happen (again). If you read previous posts, you will see an centralized exchange for foreign currency has already happened, FXMarketSpace and it was very successful when it was there and it solved a lot of issues and concerns that prevented exchanges for spot foreign currency from establishing. I don't know WHY it got closed down but I can speculate some of the reasons and if we want to make it happen again, we need to make the phone calls to the right people.

All idouble was doing WAS just to promote Philip Capital to perhaps create some accounts for the company. He/She is NOT really into establishing a REAL exchange for us traders. Once I started talking about an REAL exchange for foreign currency, examples like FXMarketSpace, its merit and its possible vulnerabilities and not Philip Capital? WHERE is he/she? NOT a peep from him/her. It just shows he/she was NEVER interested in lobbying for an exchange for us traders except to promote Philip Capital to maybe earn some pathetic commissions.

And btw, I DO have idouble on "Ignore". Good riddance!! So nice I don't have to read his/her garbage. IF he/she REALLY traded for institutions before (which I highly doubt so), it explains why we hear all the time those big brokerage houses lose large amount of money and they were actually closing down proprietary trading desks. Feel so sorry for institutions that actually hired him/her.

FXMS, closed because it failed to attract adequate liquidity to keep it a viable Exchange. You were told that, but in typically classic trolling form you can't comprehend what's been so clearly spelled out for you and/or you don't read what's been clearly written before you post. Furthermore, there was a clearly written Disclaimer placed at the top of the OP. There was a clearly written Disclaimer placed at the bottom of the OP.

The entire OP was originally encapsulated (top and bottom) by two Disclaimers that told you nothing was for sale and no affiliation was either extant or pending. The Moderator understood that because obviously the Moderator READ the Disclaimer, both Top and Bottom. The one you failed to read. Yet, you still came in here blind, deaf and dumb about said Disclaimer proclaiming that something was being sold to you, that some offer was being made, that some "broker" was being promoted. At the very same time, your posts on this forum are replete with you telling other Traders that they should use Interactive Brokers.

You are so full of BS its impossible for any intelligent human being to imagine how you could ever be successful at anything - let alone trading. You did not bring up FXMS. You never mentioned FXMS inside this thread before I brought up. Anyone with eyes and a reading comprehension level beyond high school can see that. So, the only point you make here is just how foolish you can be in broad daylight. You read like someone who is being paid to be here. Like a paid Retail Bucket Shop Troll who everyday makes sure that anything disruptive to that SCAM is scuttled by lunatic, irrational, illogical and incoherent posts no matter how dumb, stupid and woefully off-topic they happen to be.

No sane Trader in Retail Forex that I know of, would rail against the fact that a Financial Services Company was at least willing to contemplate doing something different and that might result in an STP/ECN Forex Trading Exchange in the United States of America. You have never had or produced such a scenario. You have never brought to this forum or any other forum the name and contact number of someone inside a company that was willing to talk to Traders about their interest in an Exchange. Yet, you still sit here proclaiming off-topic nonsense about calling a "Broker." Nobody is interested in another "Broker" inside this thread. If you want another "Broker" relationship, you've got some available to Canadian Residents, if you had done the homework. More "Brokers" are not the topic of this thread, nor are they the substance of this thread as the OP clearly states.

You behave like one of these unethical types with zero character and no ability tell the truth about anything or admit to your error. You were proven wrong about IB, when you called yourself correcting me on their status as a dual FDM/BD. You came back to this thread pretending that somehow IB's continued offering outside the United States had anything to do with their being kicked to the curb HERE in the United States as a Retail Forex "Broker." You then flat out lied about your mentioning FXMS in this thread first, when anybody having read the thread can clearly see that nobody asked you for your opinion. The question came from another member of this forum and it was directed at me. I initiated the discussion relative to FXMS and gave my thoughts on why it failed and whether or not it might be successful if launched today.

You Troll threads here on ForexFactory better than most, but that's all you ever do, apparently. Your knowledge of trading is commensurate with WikiPedia and apparently not direct engagement or hands on experience. You feign relevance because you have no credibility and the only tool you have at your disposal is fabrication and trolling.

I guarantee you that with your piss poor attitude you will be right here, still flat broke, still flat busted and still flat out dead wrong next year - doing the same thing all over again, Professional Trolling without real trading skills. Now, go get a clue, go get a demo account, go get some real trading knowledge and then go do the really hard work it takes to become a successful Trader, so that your only career won't be as an online Professional Troll Junkie.

Your hypocrisy is astounding as well. You can tell people to go to IB, but no on else can tell people to pick up a phone and merely express their interest in having an STP/ECN Forex Trading Exchange in the United States of America? Yet, you don't see that as a blindingly obvious contradiction because you are a grand hypocrite of epic proportions and you have no clue about what you are saying.

If I've seen your kind on forums like this once, then I've seen your kind here a billion times in the past 15+ years. Your broken mindset is the primary reason WHY you are a failed Trader today with no clue about how to extract yourself from that bad position. So, all you know how to do on forums is run your mouth about what you picked up on WikiPedia and InvestoPedia, but not what you know for yourself. You've developed no trading skills. You've developed no trading technology, you've grown no account off retail platforms and onto Prime Broker platforms and you've helped no one become a better Trader as a direct result of what you imparted to them through knowledge transfer. People like you never do anything more than Naysay and Troll ideas and concepts that you don't understand and that you did not originate on your own. You are like a virus looking for a host to invade because you cannot survive on your own.

For over 15 years, I've watched mental cases like you come and go on trading forums. You are not the first clueless one I've run into on retail forums, but you will be the last, as I have zero intention of subjecting myself and wasting my time anymore with preemptively stupid individuals like yourself. You and people just like you, have been blowing it for the other open minded Traders on retail forums for many years now - as the vast majority of truly educated, skilled, gifted, talented and successful Traders in FX, now refuse to spend their time reaching back to give a struggling retail Trader a hand on forums like these anymore and precisely because of blind drunkards like yourself.

Do yourself a grand favor and go get off your lazy butt and start building the knowledge base you need to become successful at Trading, so that maybe one day you can launch your own successful private fund where you call the shots and where you are successful enough to trade your own capital without ever having to rely upon funding or capitalization from outside sources of any kind, whatsoever (ever).

I don't mind reaching back after more than 15 years to help a struggling Trader with a positive attitude. Just as long as that individual has half a brain, some character, decency, ethics, moral backbone and ability to Think Outside The Box. Clearly, you don't qualify on any of those measures as your failed posting here most certainly exemplifies.

Now, on your way to blowing a gaping hole through your next retail trading account, you would be wise to sit your silly self down and contemplate how you are going to account for the...

- Timing
- Direction
- Magnitude
- Probability

...of the very next trade you take. Because, the only way that you will ever reach long term success as a Directional Trader in FX, is if you do the math and figure out how to account for those four (4) giants. Failure to do so will 99.9% guarantee that you get slayed by one or more of those giants and no doubt eaten for breakfast, lunch and dinner as you pretend to know what you are doing in this business. If you think mere Money Management alone is going to save your rear end long term, guess again. You had better find a good way to account for those four (4) behemoths as their sum total equals Risk Mitigation, which is the only real problem to solve in trading.

Dasvidania, comrade.

I asked my 5 USA based friends to call brokers.

Just gotta do everything possible to protect those Bucket Shop Retail Brokers don't you, Moderator. A simple read of the opening statement would have sufficed. There is no sales or advertising message in asking people to call a company and express interest in doing something that does not yet exist. Unreal.

" Moderator: There is a disclaimer at the bottom of this post that hopefully makes it clear that this is not a "commercial/sales" message. There is no offer or solicitation to purchase anything in this post. This is a post to help educate and inform Retail Forex Traders about what they can do to bring about real change in the Retail Forex Industry within the United States of America, given the current Regulatory Environment, by participating in potentially bringing about a new "Retail Forex Exchange" that positively benefits all Retail Forex Traders, by adding a level of transparency and efficient in trading not currently in existence within Retail FX. This is NOT a sales or marketing message of any kind. This is intended to educate and inform Retail Forex Traders about a personal phone call I had today, which could result in the development of more efficient trading platforms in the near future. "

If you REALLY want to have a REAL centralized exchange for foreign currency trading, you need to call CME, Reuters, and ALL the Big Institutions like Deutche, Citi, and etc. as they are the rainmakers that will make it happen. CME & Reuters actually already had created an exchange before and it was working VERY WELL until it was closed down in Oct. 2008.

But if you want to give brokers like Philip Capital (which is actually a futures broker) business so losers like idouble can earn some pathetic commissions, to perhaps make up for his trading losses, then yeah go ahead, contact those brokers. So far ever since FF chucked his Philip Capital thread into the "Commercial Content" bin, he's been doing nothing but bad-mouthing FXCM in multiple threads. He claims to be a private fund manager, you think a private fund manager would waste his time on a forum about another broker? LOL Pathetic!!!

Pathetic Looser? Yes, pretenders just like you are exactly that - pathetic loosers having built nothing, created nothing, produced nothing, maintained nothing and accomplished nothing in their lives. So, you paint yourself perfectly in the role of a pathetic naysaying loser.

You are the classic quintessential Troll with no integrity whatsoever and you fit the mold of a very unsuccessful person who can't stand being corrected when he posts something that is in blatant error. Only a fool rails against truth. You Trolls can make-up lies and spew them around the internet at any time. Any moron with a keyboard and make up lies and spew. Doing so however, paints you as the idiot you are and requires a fool's admiration return.

On the other hand, we do not see any work product from you on this forum covering your years of developing the knowledge, skill and expertise of a Trader, now do we: http://www.forexfactory.com/showthread.php?p=9130739#post9130739.

Show your work, if you have it. Otherwise, keep spewing lies like the Troll you are. Work product speaks for itself. It needs no affirmation from fools. That's the technology I built for use in my trading. What do you use in your trading, if you trade at all. I doubt seriously that you will even be here when I return on my annual visit in 2017. Just like all the other Trolls that you perfectly emulate.

+1 any all my previous stand cancelled. WTF this thread .

You don't have time to call up the people who have created an exchange for foreign currency before and may be able build the exchange again and yet you have the time to listen to a snake oil salesman and call up a broker to give them business? *Shrug* To each it's own.

But the idouble idiot? His post only belongs to "Commercial Content" where nobody reads.

Yet, this ForexAmnesia idiot can't point to a single thread anywhere in the known universe where anything has been sold or offered for sale. Morons like ForexAmnesia Troll the Internet repeating quotes from other Trolls who get paid to be online by Bucket Shop Brokers, dumbing down the Trading Community and bleeding Traders dry.

That's why this Amnesia idiot does not trade. It spends all its time in "Broker" threads (go look at his profile for the proof) pushing brokers (like IB), yet you notice that this clown never discusses actual trading, nor any trading concept(s) the 'it' developed. I call this thing an 'it' because 'it' is the very kind of Virus that has polluted good trading forums over the past 15 years and turned them into bastions of rank stupidity and false pretense.

Go look at ForexAmnesia's threads. There is nothing in them but "broker" pushing and drivel having nothing to do with actual trade decisions. Anyone with a brain can read the content of another and determine for themselves whether or not they are reading an actual Trader. This moron could not trade its way out of a baseball card bubble gum wrapper, let alone Retail Hell.

Ohhh Look at the sore loser who's hopping mad because I stopped him from promoting his futures broker. LOL

You can write all the wall of texts you want but you are still not getting your commissions from your Phillip Capital!

Guess you are gonna have to make up your losses via some other venues. Good luck!! You are going to NEED it!!

I've been sitting here all this time dialogging with a 4 year old child having a temper tantrum. What the fuck was I thinking.

No, coincidentally I have account with its UK based operation but issue based in USA. I understand making an telephone call hardly makes any difference..but no in depth analysis i need for any positive or negative outcome.

So far I checked both of your profile and location of trading mentioned Canada. But 4 hours ago iDoubleStoch changed it to Switzerland !
Any significance you guess?
* very recently Monaco what a maneuvering locations! I finally add him to ignore list, very rude and mentally retard, I weird how he approach people !
self centered Jackass ...


After 8 hours of this post I found this

Quoting DavidRP
Be careful with this member. Nicks: iDoubleStoch, iDouble, WaveTop, 7thsignaltrader, Tango 6 Alpha, StealthTrader, TraderNumber7....
http://www.forexfactory.com/showthre...13#post5883713
http://www.forexfactory.com/showthre...30#post4100330
http://www.forexfactory.com/showthre...74#post7670274
http://www.elitetrader.com/vb/showth...5&#post3582335
http://www.trade2win.com/boards/fore...ml#post1941440......
Interesting, thanks for the entertainment...

Maybe because I don't really care and clicked on the first thing that came to mine to spur morons into discussion the abundantly moot?

Asking an idiot to explain the pointless to you is a bit like asking a child to behave like an adult. Can't be done. Try this on for size. Learn something useful and start thinking outside the box: http://www.forexfactory.com/showthread.php?t=496501.

Or, over here: http://www.forexfactory.com/showthre...58#post9132858. There seems to be some real human beings engaged in trying to figure things out about the market together. They might be able to teach something, or maybe one could glean useful from their posts. They seem to be discussing something called "Trading." I have no idea what that means, but it seems rather poignant given that this forum was originally designed for Trading discussions - at least that was the original intent until the Troll Patrol arrived and Commercial Vendors like Bucket Shops were allowed to pay-to-play.