nfa

The NFA (National Futures Association) The NFA is a CFTC-authorized SRO for derivatives trading in the US. In simpler terms, it's a government-authorized self-regulatory organization that actively works with the CFTC (a government regulator) for trading of derivatives. Derivatives include...

Forex Broker QCLFX.co is stating at the bottom of their website on there home page, that they are registered with the National Futures Association (NFA), after calling the registered company in the NFA Database, they called me back and confirmed the site is illegally using their NFA registered...

I know NOTHING about trading and I need some people who DO know about it to PLEASE help me see if I am or not, or maybe being scammed…please read on... Sorry for the wall of text! About a month ago I matched with a girl on Tinder. After a few days we started chatting, moved to using WeChat...

CHF Crisis Causes NFA to Considering New Regs Nothing is off the table. According to Bloomberg.com, the NFA is considering new regulations. FXCM's need for a $300 million loan to keep itself afloat in the wake of the CHF crisis has gotten the NFA's attention. Because of this, the NFA is...

Dear friends, I wanted to let you know about a new petition I created on We the People, a new feature on WhiteHouse.gov, and ask for your support. Will you add your name to mine? If this petition gets 100,000 signatures by October 19, 2014, the White House will review it and respond- You...

I'm told that FXDD recently transferred its retail clients in the US to FXCM. I wonder if this press release from the CFTC had anything to do with it... RELEASE: PR7009-14 September 24, 2014 FXDirectDealer, LLC Ordered to Pay $600,000 Civil Monetary Penalty and to Comply with Three-Year...

Over a year ago, FXDD unilaterally removed profits from client accounts based on the accusation the customers had somehow "manipulated" FXDD's trading system by executing trades at "off-market" prices. FXDD long after the NFA limits on trade price adjustments. In what appeared to be a method...

I've had an account with FXDD for over a year(FXDD MT). I recently received an email that the account will be closed and all profits wiped, copy of email below: Dear Sir Your account captioned above was selected for a detailed review by Compliance. After analyzing all records related to...

The NFA changed the meaning of the term/word FOREX from On-exchange trading to Off-Exchange trading. This is not possibly legal because it would delude it's entire customer base into thinking they are trading on the real Foreign Exchange when in fact- all accounts belonging to people and or...

http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3320 I guess, that is already enough information ;) johndemoll

PFG Best (at making trader money disappear?) It looks like something has gone very wrong at Peregrine Financial Group, also known as PFG Best. PFG and Peregrine Asset Management have been locked down by the NFA. They are prohibited from accepting new money, except to cover margin for...

Hello all! My father and me have a joint account with FXDD. It was opened through introducing broker FastBrokers and we have a special Rebate agreement with FastBrokers. After ~1 year of successful trading on this account, the FastBrokers company denied to pay rebates. They are motivating by...

CDH Forex The CFTC Ends a Scam The FPA tries to warn people to carefully check out managed forex accounts before investing. Sometimes the scammers are just a little too convincing. In this case, they convinced investors to part with over $2.2 million. It started with the NFA shutting...

Green Tree Capital – Don't Gamble on This Scam A lot of investors don't have time to manage their own money. That's why some of them hire professional account managers to trade forex for them. The biggest risks with an account manager is that he might treat trading as gambling or that he...

All is NOT well with Green Tree! My issues with Green Tree have been NOT resolved. I did in fact get a portion of my account out -- $10k out of ~$25k, but that was only after they told me to create positive posts here at FPA and UNDO previous negative posts. The first of February this year...

IKON GM Nailed by the NFA for Using a Virtual Dealer Plugin by Pharaoh Just when I thought I had my writing addiction cured As infuriated as I am and the CFTC and NFA for some of their incredibly moronic new regulations, this time I have to deeply thank the NFA for watching out for forex...

Amin El-Hakim is a nice guy and a very good forex trader. He's been scammed many times, and is trying to be much more careful selecting his broker. He found one that was NFA registered, but still got scammed. ACTCFX is registered under NFA # 0232831. This was listed on their website when...

IBFX gets spanked by the NFA by Pharaoh Obsessively addicted to writing It seems that IBFX has gotten some unwanted attention from the NFA over several issues lately. A reviewer named Martin from the Czeck Republic submitted a link to an NFA document. One of the Review Moderators...

Reallocation of profits and other strange activities A reviewer left a review on July 12th 2009 about some NFA issues with CFS Capital Management. One of the review moderators sent it over to the Scam Investigations Committee. At first, our investigators weren't sure how serious it was. The...

On April 29th, I wrote an article about some new NFA rules . They ended hedging with NFA registered brokers (bad), and also restricted the ability of brokers to wreck profits by claiming price feed errors (extremely good). Everyone was so focused on the hedging part that some of the...