Although I've seen worse setups, that is too much. I guess it really depends on your strategy.
I'm a technical trader, and i limit the indicators to rsi, a couple ma's, and fibs.
I personally did not have a problem, but there were some issues with clients cashing out that were settled by the nfa.
The went under because they opened a new office in Dubai, and the regulations under Islamic law caused them to be fined so much that they went bankrupt.
I used to be an IB. The company I worked for went under, so I have no intention of referring you, but if you have some questions or need advice then maybe I can help.
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