CFTC Rules - Broker Q&A for Traders

fxfrench

FXOpen AU Representative
Messages
392
FXOpen is currently reviewing the new legislation and it's impact on our business and will of course comply fully with any legislation affecting our international business and in compliance with regulatory guidlines.

When the policy is reviewed, an announcement will be made via the FXOpen website.
 

Pharaoh

Colonel
Messages
19,777
Is there an official listing yet for which pairs will be classified as major pairs that trade at 50:1 as opposed to other pairs that trade at 20:1?
 

metatrader247

Recruit
Messages
8
Is there an official listing yet for which pairs will be classified as major pairs that trade at 50:1 as opposed to other pairs that trade at 20:1?
No official listing yet... Every broker I've seen released a different set of pairs. I've seen 3 different lists so far. Apparently the CFTC didn't define what makes a pair major or exotic?
 

aicohn

Corporal
Messages
107
For me, it's starting to look like Mauritius or bust. Go is pulling the plug on existing customers. On October 19th, my Forex Trading is homeless.

Mig or Dukascopy is just temporizing until next June, I can't get a firm answer from Mig about whether they're dumping americans with existing accounts, and tonight their spreads are inferior to both FxOpen and Go.

Go was ideal, but the CFTC may be driving me to an unregulated broker in a tax haven or one in Russia.

I'd chew on broken glass, wash it down with gasoline & have a match for dessert before trading with a US based broker. Here the larceny is institutionalized & expected.

Thank You, CFTC!
 

acgolfer

Recruit
Messages
3
Searching for Non-Compliant Brokers

Does anyone know of any non-compliant brokers?
My broker, GallantFX, a US-based company, is transferring all accounts
to another CFTC broker, thus unloading ALL US clients!
Forex.com; and Best MetaTrader.com are NOT accepting any US accounts.
How about brokers in Dubai, FXCBC.com for instance?
 

OPHH

Private, 1st Class
Messages
51
Hi dear Lieutenant

Thanks, so far is the beginning of what we do not know ............ come more surprises......... this is the problem of packages!
 
Messages
1
read my lips....

I smell much much higher taxes coming down the pipeline. It seems to me that this is the underlying purpose of these new changes, in addition to the obvious intent to reduce the profitability of trading Forex for retail clients here in the US. They are on a campaign to not only eventually terminate democracy altogether, but to destroy the American middle-class. They know that poor and unemployed young men, with hungry families, may more willingly agree to participate in war. They intend to spread their war-making to many countries and we are the fools who are to help them. Guard your sons carefully. Resist US global hegemony. Lose the mind-set that makes critical political thought nearly a crime here on the US streets. This is very serious business.

They wrap everything they do within a lie. In this case, the lie is that they are trying to "protect" us. Obviously, a few new regulations would have been sufficient to accomplish that end, but barring us from having foreign accounts belies their intentions. This is always the case now with whatever they do. One must always look beneath the surface to understand them.

I adhere to the 180 degree theory. The truth is usually 180 degrees from what they say it is. Try this out and you will find that it works.
 

mp6140

Recruit
Messages
13
I use FXCM england, which has been forced by "those who would protect us" to send everything back to the USA and follow the rules but my Russian broker, BROCO says "nyet" to the rules and carries on business as usual.

so far, aside from some shennanigans when scalping a fast moving market (they simply become "disconnected" and youre just sitting there, or you cant make a trade, theyre honest about the money

under anything resembling basic normal trading, they work just fine and have allowed very nice profits.

enjoy and trade well

mp
 

aicohn

Corporal
Messages
107
I'm afraid an unregulated Russian broker or an unregulated Mauritian one is what US citizens may be left with. I just got the email from GoMarkets saying they won't continue doing business with US citizens. FxOpen ECN account up & running & showing a tiny bit of profit from a tiny "play money" deposit. Hopefully they will continue doing business with americans. Will transfer assets from UK & Australia if they do. After October 18th, they're all I've got.
 

dave32

Recruit
Messages
3
I smell much much higher taxes coming down the pipeline. It seems to me that this is the underlying purpose of these new changes, in addition to the obvious intent to reduce the profitability of trading Forex for retail clients here in the US. They are on a campaign to not only eventually terminate democracy altogether, but to destroy the American middle-class. They know that poor and unemployed young men, with hungry families, may more willingly agree to participate in war. They intend to spread their war-making to many countries and we are the fools who are to help them. Guard your sons carefully. Resist US global hegemony. Lose the mind-set that makes critical political thought nearly a crime here on the US streets. This is very serious business.

They wrap everything they do within a lie. In this case, the lie is that they are trying to "protect" us. Obviously, a few new regulations would have been sufficient to accomplish that end, but barring us from having foreign accounts belies their intentions. This is always the case now with whatever they do. One must always look beneath the surface to understand them.

I adhere to the 180 degree theory. The truth is usually 180 degrees from what they say it is. Try this out and you will find that it works.
Why dont we send a copy of this new regulation to fox news and see if they will air it, its just another scam by the democrats/socialist to control the people of the united states and how we want to trade/invest our money, hell its my money if wanna trade **** bags thats my business
 
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