Forex Club
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Thread: Forex Club

  1. #1
    Have anybody traded with them? Please don't hesitate to leave your good and bad comment about them. I intend to trade live with them, since they don't bill on withdraw and deposit and is a regulated broker.

    I've one question, since they don't have the NFA minimum requirement of 5 millions, is it okay to trade with them?

    Regards,
    Zhenhui

  2. #2
    Giant Bucket Shop - keep away. Consider how they make their money. IF YOU LOSE YOU DONT PAY A COMISH. I wonder why?

  3. #3
    Quote Originally Posted by ;
    I've got one query, as they do not have the NFA minimum requirement of 5 millions, is it ok to trade with them?

    Regards,
    Zhenhui
    I have only checked them on CFTC web site. In October 2008 they had $16,489,469

  4. #4
    Quote Originally Posted by ;
    Giant Bucket Shop - stay away. Think about how they make their money. IF YOU LOSE YOU DONT PAY A COMISH. I wonder why?
    How do an NFA regualted broker be a bucket store?? It is like stating an FDIC-insured bank isn't really a bank.
    Anyhow, I don't believe you even read what I wrote...

  5. #5
    Quote Originally Posted by ;
    How do an NFA regualted broker be a bucket store??
    C'mon, you can't be serious...

  6. #6
    Quote Originally Posted by ;
    C'mon, you can not be serious...
    What, you suggest that NFA doesn't do it job right? It might not be ideal, but the simple fact remains, there is only a few brokers out there who can 1) manage to become NFA member, 2) comply with its regulation.

  7. #7
    Quote Originally Posted by ;
    What, you suggest that NFA does not do it job right? It might not be ideal, but the simple fact remains, there's just a handful of brokers out there who can 1) afford to be NFA member, 2) comply with its regulation.
    Lava would you know much about the way fx brokers are regulated? There's not any regulation against bucketing transactions... did you know that big guy?

  8. #8
    Quote Originally Posted by ;
    Lava would you know much about how fx brokers are controlled? There is no law against bucketing transactions... did you know that big guy?
    I guess I want to ask what you mean by bucketing trades?

  9. #9
    They don't hedge customer positions at a real exchange that is why you do not have to pay fees should you lose. However. I would not say it is a bad broker simply because they do not hedge the rankings. To the trader, that really does no effect because the price feeds will be the same at any broker

  10. #10
    IMO they're a really honest broker and a fantastic broker generally. For me personally, the only real fault I find with them is their manual implementation. Sometimes you need to wait around for as much as a minute before you receive a quote! When it comes slippage etc, I have not experienced anything. If you place an order, it is certain to be filled in the exact price you asked.

    Overall they're an excellent broker, but if you're interested in finding fast in, and fast out scalps with manual implementation, forget it!

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