Are these lessor-known forex regulators trustworthy?
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Thread: Are these lessor-known forex regulators trustworthy?

  1. #1
    I think they are not as renowned as FCA, NFA, ASIC and never heard the 3 labs under.
    Does it mean we can't trust the 3 labs to exchange Forex at the brokers controlled by them?

    . the Federal Financial Markets Service (FFMS)
    . the Markets in Financial Instruments Directive (MiFID)
    . The B.V.I Financial Services Commission(BVIFSC)

  2. #2
    Quote Originally Posted by ;
    you must be under a lot of anxiety.
    After reading what PFG did along with the incompetence of CFTC/NFA auditors, I am. I am surprised you aren't. They are the ONLY safeguard that we have against people who take away our money after we voluntarily give our hard-earned cash to those people and they couldn't detect fraud for TWENTY YEARS!!!

    Oh well chacun son gout.

    Quote Originally Posted by ;
    Can there be some checks in the auditing procedure and systems that guard against that? Can they do a reconciliation of the FCM's transactions to be sure they match? How could the auditor ever know or find out the true customer capital equilibrium if the FCM doesn't report it? I am only wondering.
    I guess you do not know.

  3. #3
    Quote Originally Posted by ;
    quoteCFTC change the system, it's damn near impossible to cheat these days when it comes to brokers and clients funds, don't have time to clarify how the new system operates but you can look this up.
    It sounds great. But, CFTC can restrain USA organizations as far as I know. Correct?

  4. #4
    Quote Originally Posted by ;
    quote it isn't too high opt for fx baxter please have a wonderful day sir
    baxter is in a really low position on popularity and it's regulation standing can't be found.

  5. #5
    Quote Originally Posted by ;
    ...
    Quote Originally Posted by ;
    quote ....
    Dear both, we are in a exact same ship really. It's hard for us to make money and we ought to cherish.
    There is risk there and also the most importance is the way we should handle it. Correct?
    Believe we can discuss friendly and discover the consensus as it's a purpose of this thread.

  6. #6
    How frequently do U.S. brokers run off with your money, does not occur a lot but when it does 99.9percent the person accountable goes into prison so im not concern with u.s. brokers im more concern yourself with brokers such as ironfx and there regulations

  7. #7
    Quote Originally Posted by ;
    how often do U.S. brokers run off with your Cash, does Not happen a lot but If it does 99.9Percent the Individual responsible goes to Jail so im not Bother with u.s. brokers im more concern Yourself with brokers Such as ironfx and there regulations
    Well I am not from the US but a lot of my friends are and they seem to be Coping with These brokers who are more reputed and those who are having Greater presence in the Global markets

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