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10 to 1 leverage suggestion by the CFTC - a death to the US forex market?

Gentleman Jim
Mar 09 2010 at 01:22
14 posts

WhyLose posted:
    If they carry on like FXDD New York IMO they'll be closed pretty soon by the MFSA. Even though I had an account with them which has now been moved to Malta I don't rate them highly but I can now be on their doorstep within 30 minutes most of the year. And the MFSA's complaint desk even quicker!

Lion AM

I'm curious as to why you don't rate FXDD highly and use the term 'carry on'.

I have been with FXDD for several years and haven't had any serious issues with them. Please expound.

G'Jim c):{-

Lion Asset Management (WhyLose)
Mar 24 2010 at 07:14
102 posts
Biggest complaint is stop hunting My account is still open with them but I don't use it much.

Many cash FX firms are on the other side of your trade, and with that model, seek to profit dollar for dollar from your losses, just like a casino. In fairness, they're all much of a muchness. I could name others and ones that I regard highly but we're already off topic and for that, I apologise.

Time is more valuable than money. You can get more money, but you cannot get more time.
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