Thread: CFTC new Risk Disclosure

How can CFTC allow this to happen?
Your dealer may provide any prices it wishes, and it may offer prices derived from outside sources or not in its own discretion.

IBFX advertised themself as Non Dealing Desk?
When you lose money trading, your dealer is earning money on these trades, along with any commissions, fees, or spreads the dealer may charge.

The coverage seems quite unfair to retail trader. They can legally run our stop loss order, as they need, no need to follow market price anymore. How can this become legal?

Originally Posted by ;

How do CFTC let this to take place?
Your dealer may provide any prices it wishes, and it may offer prices based on external sources or maybe not in its discretion.

IBFX advertised himself as Non Dealing Desk?
When you eliminate money trading, your dealer is earning money on these trades, in addition to any fees, commissions, or spreads the dealer may charge.

The policy looks quite unfair to retail trader. They can run our stop loss order, as they need, no need to follow market price anymore. How does this become lawful?

This is nothing new, it's been like that for ages. And the majority of it was constantly that studying don't bother.

Originally Posted by ;

It's is not just the usa doing this to traders. Japan just lowered the leverage in their country as well. The socialists in the western govt's desire to limit traders for some reason. You would think they would want to tax it more so they would find more revenue for them to invest but that does not appear to be their objective.

Regards,
Jeff

I just wonder if it's anything to do with some force trying to get traders to return to the stock markets.

Originally Posted by ;

How do CFTC allow this to happen?
Your dealer may offer any prices it wants, and it may offer prices based on outside sources or not in its discretion.

There is not any surprise here. This is what all market manufacturers do. They make the market or make their own prices. No regulator in history has succumbed to market manufacturers doing it.

Forex Currency is decentralised so there's not any central authority on what the price should be. Each and every broker can give you whatever price they enjoy and the regulator won't stop them.

I have the same email from IBFX. I liked the table showing account profitability. There's always the anecdotal debate about 95 percent of traders neglect going around. Here's proof that the chances are against the person.

Originally Posted by ;

I got the same email from IBFX. I liked the table revealing account profitability. There is always the anecdotal debate about 95% of traders neglect going around. Here is proof that the odds are against the person.

I would say they included all of the inactive accounts to Profitable. Otherwise the amount of unprofitable would be a lot higher.

That is quite possible. And also the stats are number of accounts, not dollars. Hence that the piker with a $100 account is lumped in with a hedge fund manager with a $1,000,000 account.

Still, interesting stats.

Well, this can apply to all market manufacturers.

Originally Posted by ;

IBFX Delivered this to me Today


Interbank FX Account Profitability #8211;

Quarterly Report //// Percent Profitable //// Percent Unprofitable //// Complete Non-Discretionary Accounts
Sep - Dec, 2009 //// 33% //// 67% //// 17,940
Jan - March, 2009 //// 28% //// 72% //// 17,442
April - June, 2009 //// 27% //// 73% //// 16,122
July - Sep, 2009 /// 28% //// 72 G //// 18,597
...

Anybody have the Most Recent Information of such Type ofa/c profitability,not only ibfx, thank you