Breaking News: CFTC charges FXCM with undercapitalization

1. How many futures contracts have you traded?

2. Which broker did you trade them through?

3. What are their fees for your trading?

None.

None because majority of brokers do not take Canadian traders. They are scared of us somehow. LOL

Commissions + exchange fees + platform fees + some other miscellaneous fees

You would call a Financial Services Company, if that Financial Services Company had the motive, means and opportunity to build a Forex Exchange in the United States of America - which is precisely what this thread is all about: http://www.forexfactory.com/showthread.php?t=606046. Of course, since you dropped out of high school after being dropped on your head by your parents, you never learned how to read, how to read in context, nor how to comprehend what you've read out of context. You are an extraordinary Troll pretending to be saying something relevant.


Your level of knowledge about this Industry, for someone who prides themselves as being knowledgeable, is beyond mere lacking - it is downright non-existent.


Which is idiotic on its face and proof that you don't know how to read plain English. If you cannot read a thread, how can you intelligently comment on a thread. If you do not know the difference between calling to express interest in an Exchange -vs- calling to set up a Futures trading account, then you don't need to be anywhere near real money and a trading platform because you are to ignorant to know what to do with either of the two. How complete idiots like you even manage to roll out of bed in the morning and land on your own two feet is completely beyond my ability to comprehend.


"Unbeknownst?" How the hell can you possibly know anything about what you are saying here when you knew nothing about the CME/Reuters FXMS Exchange until I posted that information in this thread at Post #45: http://www.forexfactory.com/showthre...84#post9128584

Prior to Post #45, you are not seen or witnessed making any comments about the FXMS Exchange. Yet, you LIED about that here in your bullshit Post #62: http://www.forexfactory.com/showthre...86#post9130586. In that post you state the following lie:


Which implies that you introduced FXMS into the thread, which is a complete lie. And, you told that lie in true Troll fashion - right in broad daylight hoping that nobody would detect it. You never gave FXMS as an example of anything around here. You made a prior contradictory statement when you said that FXMS was "Unbeknownst?" to you (above). You talk out of both sides of your keyboard and when Trolls start lying their lies are easily detected and exposed for what they are.

How do you explain this, Troll? You did the same exact thing with Interactive Brokers. I came into a thread dealing with the SEC ruling on dual registered FDMs and BDs and stated that IB would be gone as a Retail Forex Broker in the United States by the date specified in the ruling. IB then announced that it was no longer offering Retail Forex services who did not meet the requirements under 17 USC 1a. I brought to this forum the actual causation behind 17 USC 1a and named the source at the SEC who had been pushing the matter since they assumed their official duties at the SEC.

You then came into that thread proclaiming how I was wrong and that IB would not be impacted in the United States. You were proven wrong and when you came back to the thread, you pretended that IB's offerings outside the United States as a Retail Broker, was proof that it had not been impacted, which was never the point because the SEC does not have jurisdiction in Canada, where you live, you flaming moron.

So, you did what all Trolls do. Instead of admitting you played it dead wrong, you doubled down and began pretending that you could somehow wiggle your way out of being dead wrong. That is precisely what bad Traders do. You prove by your behavior on this forum that you don't have the temperament to make a quality Trader. You involve yourself in Pyramiding a Loss, by doubling down on stupidity and error. Yet, you consider yourself a "Technical Analyst."

Case in point, ForexAmnesia.


I've already stated that here well before you mentioned it in Post #45: http://www.forexfactory.com/showthre...84#post9128584. Yet, here you are yet again pretending to be relevant and re-quoting that which was already established in the thread by someone else. You are a classic Troll because your behavior proves that you are a classic Troll.


It does not matter who creates an Exchange as long as one gets built and as long as it is run according to regulations. Nobody gives a flying rats ass whether any of those you mentioned makes it happen, as long as somebody reputable makes it happen and you have been told that four (4) times already in the original thread. So, the fact that you keep repeating that which is moot, demonstrates that you are some kind of Troll on the loose.

You have also been told to post the Name and Contact Number of any Financial Services Company with the motive, means and opportunity to build a reliable Forex Exchange in the United States of America and you have not done that. Yet, that is precisely what I have done on this forum because I took the time to make the initial call and voice my concerns that the United States of America does not need another Retail Forex Bucket Shop Broker - which is precisely what I told PhillipCapital's Director of Compliance on the telephone last week.

So, why would somebody call up a Financial Services Company, tell them that coming back as another "Retail Broker" was not desirable and that it should seriously consider coming back into the business as a Forex Exchange under CFTC rule that designates "Financial Exchanges" just so that you can be sold a Futures trading account? That's dumb and only a dummy would conceive such nonsense.

Could you be a bigger Troll than you have demonstrated yourself to be on this forum?

thinkorswim?

Yeh, their fees are a little higher than most others, but, a single contract is about $20 round trip and their are no platform fees...and frankly, it's a heck of a platform....the coding is robust but pretty user friendly....I've ditched retail FX because of the scam I believe it to be...

I mean, when you walk into a retail store, what do you know?

Well, they acquire goods from a middle man in order to sell it to you at a mark up right?

Heh... RETAIL forex...with the opportunity to mark up or mark down at their discretion and more to the point, to their benefit.....using your money....

FXCM have decided to transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ Globar Market. I wonder whether this decision is in any way related to recent events or it was made totally independently from them.

FXCM fined? No good options for US forex traders? Anyone following this news?

http://news.forexlive.com/!/cftc-ord...omers-20170206