1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

CFTC Rules - Broker Q&A for Traders

Discussion in 'General Forex Talk' started by AsstModerator, Sep 29, 2010.

  1. marsh56

    marsh56 Private

    Joined:
    Jun 30, 2008
    Messages:
    25
    Likes Received:
    0
    Mike, you are welcome. :)

    I have been using FXDD with a hedging strategy and it works great. You can follow your progress in MT4 but your "back office report" from the broker looks different in order to comply. The end results are exactly the same.

    Mark
     
  2. amir132

    amir132 Private

    Joined:
    May 16, 2013
    Messages:
    31
    Likes Received:
    3
    Hi everyone,

    I just found out that some "ECN" brokers that they called themselves are not actually ECN.There is the thing that is called stop loss hunting,which I've found some persons writing articles on this topic on the Internet.

    I've tried to solve this s/l hunting but cannot until now.They will try to reach the stop loss that are able for them to reach as long as they don't get far enough from the range of the pips that they can move the price to and from.This shows that they can move the price from its original trajectory as long as the actions do not result in any harm to the economy/or move away from the underlying fundamentals/policies.

    This is just a theory,but the stop loss hunting is real.I don't know who's behind this,but it happens weirdly to me,it seems as though the market is too sensitive and will go against you rapidly.I had experienced it,when I enter a short trade,in less than a second it moves almost 50 pips against me,50 pips per second!

    And it is not suprising,it happens several times even though there are nothing,no news events or anything around that time.
    Anybody who had the same experience,please reply to me through private message.Thanks and well trade.
     
  3. itkraze

    itkraze Private, 1st Class

    Joined:
    Apr 28, 2013
    Messages:
    200
    Likes Received:
    0
    Yeah this stop loss hunting is killing small traders like us. I have decided that I will only trade with small amounts in some accounts and use high lots. At least I can get profits in some account which is better than just keep hanging for small profits.
     
  4. achingbulbous

    achingbulbous Private, 1st Class

    Joined:
    Feb 11, 2015
    Messages:
    30
    Likes Received:
    1
    its a very good observation but i think that all this is out of control or beyond our reach !!!!
     
  5. NicholasM

    NicholasM Corporal

    Joined:
    Jan 12, 2015
    Messages:
    100
    Likes Received:
    18
    CFTC Rule 612 (Sub-Pennying)-This is the Achilles hill of many Forex Traders (retail). There is a lot of unfair game going on behind the curtains with broker/dealers splitting order spreads by jumping in front of the line, which results in most cases slowdown in retail order execution. I think this rule needs to be amended because High Frequency Traders are taking a toll of the retail traders, where we belong.
     
  6. ketrama Rinok

    ketrama Rinok Recruit

    Joined:
    Jan 3, 2018
    Messages:
    3
    Likes Received:
    1
    Can I ask questions here? or comments abou specific brokers?
     
  7. Thos1087

    Thos1087 Recruit

    Joined:
    Sep 9, 2017
    Messages:
    6
    Likes Received:
    0
    Dear friends, I have put 8 years of effort into forex and am shocked by developments. Many brokers and blocking traders from New Zealand where I live from opening accounts as our local FMA is trying to stop trading by 'unlicensed' traders. Only traders with 500K personal equity will be able to trade at 200:1 and open accounts offshore.
    All others with existing accounts are facing a max 30:1 leverage.
    This is a huge restriction for a traditionally unregulated marketplace.
    Please some one tell me I am wrong - where can we find good advice about our remaining options...

    Many thanks

    Thos1087
     
  8. thinkpad954

    thinkpad954 Spammer for g44fx

    Joined:
    Dec 24, 2018
    Messages:
    12
    Likes Received:
    0
    As far as I can tell, it isn't illegal for U.S. citizens to participate in a non-CFTC broker, so I don't see any problem with it. So far, my broker hasn't announced any new limitations. Although, the new limitations won't directly affect my trading, I still hope they won't be pushed on me.
     
  9. pipsbuster

    pipsbuster Sergeant

    Joined:
    Jul 28, 2008
    Messages:
    207
    Likes Received:
    6
    The CFTC destroyed Tallinex this year in courts on those grounds.
     

Share This Page