Ludvik Cizinsky
Private
- Messages
- 20
Dear bros, you may want to know that there may be a way to get around the new unpopular NFA and CFTC forex regulations! But there is good news and bad news!
First the good news:
I have been subscribing to a very reputable, reliable and profitable signal service which is based in Europe. In their recent introduction of a new automated signal service, they are very highly recommending "The CollectiveFX" as our broker. What caught my attention is the fact that, technically speaking, they are not considered a "broker" but a "collective" which, by the way of definition, exempts them from the new NFA forex guidelines!!! So, who are they, really? They are a group of traders based in Florida who created a brokerage for themselves to get the best institutional pricing and spreading and have control over their quotes. Their clients get exactly the same treatment!
Now the bad news:
Currently, the TCF doesn't accept new clients (members of the signal service are exempt)! But you could put your name on a waiting list and when they have an open spot you can get in. But since the new forex regulations are so hard to swallow, I expect that there will be more such forex trading "collectives" mushrooming in the future to bypass the unpopular rules.
First the good news:
I have been subscribing to a very reputable, reliable and profitable signal service which is based in Europe. In their recent introduction of a new automated signal service, they are very highly recommending "The CollectiveFX" as our broker. What caught my attention is the fact that, technically speaking, they are not considered a "broker" but a "collective" which, by the way of definition, exempts them from the new NFA forex guidelines!!! So, who are they, really? They are a group of traders based in Florida who created a brokerage for themselves to get the best institutional pricing and spreading and have control over their quotes. Their clients get exactly the same treatment!
Now the bad news:
Currently, the TCF doesn't accept new clients (members of the signal service are exempt)! But you could put your name on a waiting list and when they have an open spot you can get in. But since the new forex regulations are so hard to swallow, I expect that there will be more such forex trading "collectives" mushrooming in the future to bypass the unpopular rules.