NFA Accuses FXDD Differential Slippage and More

[BigT1]

They finally answered the first complaint. Regarding grabbing money from traders via filing lawsuits, they seem to be in denial, even though they paid Raimundas.
And now this new complaint. The case file is here:
Case Summary
And the Complaint pdf is here:
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3417
Looks like FXDD keeps failing to bother to conduct annual AML training for employees.

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News for you:
NFA hits FXDD with an administrative complaint over AML policies | Forex Magnates
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OOPS! Seems you already have it.
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[Market Owl]

One thing I never really get round to understanding is why people don't do their homework.

Entering a trade against a broker who sets the price at which you both trade, knows your leverage and your trading history is something you should just not try!

There are organized exchanges out there - Multi Lateral Trading Facilities where this simply cannot happen BY DESIGN - why take the chance and appeal to a brokers' good will if there are honest guys out there????

 

[FringFX]

MarketOwl,
organized exchange? are you referring to Lxxx?
If so, I know some traders who are not convinced by it.
Assuming they do operate in good faith, they are not available to most countries out there.

 

[AsstModerator]

The NFA and CFTC have announced their decision...

https://www.forexpeacearmy.com/fore...-1-8-million-traders-asymmetric-slippage.html