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What do you expect from a broker?
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Member Since May 21, 2012 33 posts
dlathrop
Jul 16 2012 at 14:38
TheLastBear posted: I try to stay away from the U.S. regulatory system and did move all my brokerage accounts out of there, but it comes down to preference. I couldn't agree more. Some people just prefer to not worry about whether their money is being held in a safe place or not. There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Member Since May 21, 2012 33 posts
dlathrop
Jul 16 2012 at 20:30
Everyone should read this investor alert by the CFTC before choosing a broker and beginning to trade forex:
http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/ForeignCurrencyTrading/cftcnasaaforexalert There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Jul 17 2012 at 09:57
That is a good piece of literature to read.
Pax puts the X in Forex. |
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Member Since Jan 14, 2010 555 posts
James_Bond
Jul 17 2012 at 10:58
TheLastBear posted: That is a good piece of literature to read. I agree. Even after reading the article and knowing how these scams operate, it's not always easy to spot one as these types of scams always get smarter. |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Jul 18 2012 at 10:39
Yes, unfortunately there are some bad apples out there which is why it is important as a community to infomr each other about those.
Pax puts the X in Forex. |
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Member Since Jan 31, 2012 108 posts
Moreno Rodrigez (MRodrigez)
Jul 20 2012 at 07:15
One more important factor is keeping all the client's funds in segregated accounts, so they can be protected.
←←← ✔ don't hesitate to click |
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Member Since Jan 14, 2010 555 posts
James_Bond
Jul 23 2012 at 14:06
MRodrigez posted: One more important factor is keeping all the client's funds in segregated accounts, so they can be protected. Do you think it makes that big of a difference? As far as I'm aware, this is simply a separation between account, however that doesn't deny access from the firm to take money out of it. |
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Member Since Jan 31, 2012 108 posts
Moreno Rodrigez (MRodrigez)
Jul 24 2012 at 06:00
James_Bond posted: MRodrigez posted: One more important factor is keeping all the client's funds in segregated accounts, so they can be protected. Do you think it makes that big of a difference? As far as I'm aware, this is simply a separation between account, however that doesn't deny access from the firm to take money out of it. In any case it is a bit more secure ;) ←←← ✔ don't hesitate to click |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Jul 24 2012 at 09:37
When it comes down to it, how do you know they really are segregated?
Pax puts the X in Forex. |
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Member Since Jan 14, 2010 555 posts
James_Bond
Jul 30 2012 at 10:47
TheLastBear posted: When it comes down to it, how do you know they really are segregated? If the firm is regulated, I believe this info should be backed up by documents/statements on the regulator's side. |
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