Quote:
Originally Posted by jtfx
You meantioned Russian companies, does that apply to Alpari also?
One thing I noticed : MT4 platform is written by Russians. And from research, MT4 platform is rigged with plugins to make it very unfavorable for traders. I am staying away from MT4 brokers.
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It is regrettable that so many Forex scams have come from Russia - which tends to tar the whole country with the same brush. Be realistic and accept that there may be some good ones too - but remember that Forex used to have a lot of cowboys.
The US has regulated most of the cowboy herd out of existence - but in countries like Russia you don't have the same Government regulation. If you go to other posts on this site dealing with Government regulators in the US you will see complaints about over regulation. So who do you prefer to deal with - heavily regulated US firms or cowboys?
For as long as there has been Forex trading I have never heard of a scam coming from the Swiss. So if you must go offshore to do your Forex that would certainly be less worry than new firms which seem to be springing up all the time from places such as Russia, Malta and "offshore tax havens".
Note also - the same problems traders experience in Forex abound in Oil, Gold and Diamonds - largely due to Nigerians. Although I have met some very honorable people from Nigeria unless I have first hand experience with people there or in Russia best to avoid putting money in such places like the plague
02-07-2010, 12:22 PM
02-07-2010, 02:31 PM
Not ALL Russians need be the same - just like Americans -
02-11-2010, 05:28 PM
UFX is a good broker -
02-16-2010, 07:46 PM
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