Thu 12 Mar 2009
133. Choosing a Forex Broker: Regulation and Financial Stability
Posted by echan76 under Education
InformedTrades asked:
http://www.informedtrades.com — What forex traders need to consider regarding the regulatory environment of the forex broker they trade with.
Thanks for the vid. I was not aware that if a forex broker went under you were screwed. Coming from futures I assumed the account was protected up to a certain amount.
Found a Great Site About Forex Systems : topforexproducts[dot]com
One of fxcm customer service reps has admitted to there wrong doing and stated that he was leaving the company as a result of their deliberate illegal actions. Anyone who endorses FXCM should be considered risky.
set stops were not reached yet positions were closed and limits were met without profits being taken. Fxcm misrepresented their dealing positions relative to their clients position. On many occasions fxcm deliberately crashed our platform.
Their CS center reports they are a separate company from the Micro division and cannot lend support although they directly receive all the emails and inquiries.
Hi Jokerisherenow, Yes you should be able to open an account with a US Forex broker from pretty much any country in the world. Best Regards, Dave
Hey hope you’re well. Can you open a forex account with a USA broker if you live in Canada? Thanks.
I have a collection of forex autopilot trading videos. Have used myself and found them very profitable. Just want to share with you. Click on my account to see the videos.
Hi noddyin, Thanks for the comment. I used to work for FXCM so I am probably a little biased. Like any firm they have some faults but overall I feel that they are the best company in the industry. If you visit my channel by clicking the InformedTrades banner to the right of this video you will see a video labeled #132 which goes into some of the reasons why the larger firms like FXCM get so many bad comments. Best Regards, Dave
What do you recommend for a newbie in the uk? I was thinking FXCM but everyone seems to hate them.