Hi Odysseus11:
Thanks for replying. You’ve clearly not taken the time to read my two most recent posts, so it’s difficult to take you seriously. You also continue to make misguided statements evidencing how confused you are, further substantiating the fact that you’ve not properly reviewed and considered the information already presented to you in the forum.
OMG Im really getting tired of this "poor me, you are insulting me" nonsense. Ummm excuse me, but you are trying to solicit customers in the most scam-pervasive industry in the world!
You’ve entered the forum and made personal comments with no relation to the underlying questions at hand. You even went insofar as to make false and slanderous comments about sexual orientation, which was quite bizarre to say the least and way out of left field.
Let’s be clear. We’ve not solicited any customers. People have apparently received correspondence from a third-party money manager which trades through our brokerage. They have no relation to us.
And you are acting OFFENDED that some people online want to see some independent verification that you exist as an actual operational business and not a scam front?
You’ve not asked for any verification about our brokerage. What you’ve done is enter the forum and begin levying wild, unfounded accusations and making fallible conclusions that are not based in fact.
You then followed it by making personal attacks at myself, as an individual, going in so far as to make hateful comments about me for no reason. A credible, professional person does not carry themselves that way. So, why are you?
I’ve already provided you with all of the information you’ve requested, within this thread, if you actually took the time to read. Since you haven’t, I’ll re-write some of those answers below.
And in the unlikely event that you can spare us more irrelevant history lessons and misdirections so we forget that it is BDFX who we are discussing here (not CFH, not FinFX, not any other brokerage whom we can actually VERIFY some independent data with)
I was simply providing you with answers to your questions. The following question was previously posed:
“Name another broker that has been around for X amount of years that is not well known in the retail community. “
The answer: CFH Markets. Now you’re criticizing me for answering the questions that have been asked! If my time is not appreciated, I will gladly depart from the forum. Perhaps you’ve forgotten that the question was even posed, since you were so distracted with personal attacks and sidebar comments that had nothing to do with the thread at hand.
I was giving you insight into FinFX, as it is a relevant example of the manner in which people, like yourself, treat others for no reason other than their own misguided emotions. I’m simply being kind enough to provide you with some historical context to consider, so that you do not continue to carry yourself in a way that damages your credibility. You seem well-intentioned, so I thought the historical context might be useful for you.
Obviously, you are not interested in taking heed, and continue to denigrate yourself and further remove your credibility as a person and a forum poster with each sentence you type. Carry on, sir, if you so wish.
Do you have ANY registration on file with ANY regulatory authorities that can be independently verified? If not, why not?
This question is answered on Page 1 of the forum. I would have expected any credible person to have actually read the thread, since you’re participating in it. Of course, you’re not credible, are you Mr. Huskins?
BDFX is currently located in Belgium, headquarters of the European Union. Currently, BDFX is in full compliance with all regulatory requirements in our country of domicile.
The financial regulator in Belgium is the FSMA. Currently, FSMA does not yet recognize spot foreign currency as a “financial instrument”, pursuant to local regulatory provisions. As such, and despite our desire, BDFX is not currently able to formally register.
Please state just a few of your liquidity providers - I think you named already Morgan Stanley and JP Morgan -
Again, this question has already been answered at the beginning and in my most recent posts. I would appreciate if you would read the posts I’ve already taken the time to write.
I am happy to provide you with insight into the manner through which Forex brokerages work with liquidity providers, who aggregate pricing from the multi-national banks electronic trading networks.
There are multiple tiers of liquidity providers:
Tier 1: the actual underlying multi-national banks and other institutional participants which provide liquidity to the market.
Tier 2: Liquidity providers which aggregate and package the pricing from these banks into a single data stream.
Tier 3: White Label brokerages that simply take another retail brokers feed and label it as their own (trades are actually routed to another retail broker).
We actually work with multiple Liquidity Providers (LPs) which aggregate various prices from a plethora of banks. Its an aggregation of an aggregation. It results in extremely competitive raw price streams.
There are also 2 types of brokers:
A-Book model brokers: They route trades directly straight through (STP Straight Through Processing) to the real market.
B-Book brokers: They keep trades in-house and serve as your counterparty. Your trades never reach the actual market.
BDFX is a true interbank STP broker. All of our client trades are executed in the real market.
In order to execute our client trades in the real market, the clients funds must be placed on margin with the Liquidity Providers.
Our Liquidity Providers hold the clients funds with Barclays and Morgan Stanley. This fact is expressed on our website in order to convey that funds are held securely, with the interbank liquidity provider (not us) and are executed at market.
Simply put: We dont even hold your funds in-house. We send them straight to the interbank LP custodian, where they are actually held. The LP is its own company, and their banking relationships belong to them, not us.
Its a benefit to our clients. Why you are trying to portray it as a negative quality is beyond me.
Do you actually right now have a physical office that can be visited? Where exactly is it? If you do not, why not? It has been reported that the physical address on your site does NOT have any reference to your firm (with photo evidence). Why is that?
I understand the thread is long, but your confusion has gotten the best of you once again. You are referring to a previous post with respect to a completely different company (PrimeFundFX). This is one of the third-party Money Managers that trade through our service and is located in Switzerland.
If you have questions about their registered address, perhaps you should direct it toward them?
I have other due diligence questions for the PAMM that you are linked with, but lets start with your firm first.
We are not linked with any PAMM. If you have questions about traders and other companies that utilize our brokerage services, you should direct them to the appropriate company. Many professional 3rd party traders operate PAMMs with us for their clients.
Lets leave all irrelevant personal items out of this.
The only person on this thread, making personal attacks, is yourself.
Of course, you still haven’t informed us of who YOU are? So, who are you?
What is your main line of business? Do you hold any professional accreditations or licenses in order to operate your signal program, Mr. Huskins?
It seems very strange, and quite ironic to me, that an unlicensed person offering advisory services, offering only an Excel spreadsheet as proof, is so vehemently criticizing others about credibility and transparency. Why don’t you hook that Excel spreadsheet up to a MyFxBook account! Microsoft won’t mind.
Let us, and the good members of this forum know, so that we can determine your professional credibility as a member of this discussion.
Thanks,
Ryan
