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- shrike replied Mar 10, 2017
Hilmy: what are the commission with a premium account, and how much do they rebate?
- shrike replied Mar 8, 2017
If you are an U.S. resident you do. Everyone else can use the UK or HK subsidiary with a 10K minimum, like before this stupid SEC decision.
- shrike replied Mar 8, 2017
$50 is rather steep. At IB its $20 per million USD traded.
- shrike replied Mar 6, 2017
You only get a very narrow view of FX orderflow, if you only look at futures, and spot flow information is not accessible. Futures are a derivative of spot, and obviously have to follow spot very closely due to arbitrage (safe for the at the moment ...
- shrike replied Feb 28, 2017
That might earn him the "Commercial" tag..
- shrike replied Feb 25, 2017
Forget about awards, some outright sell them, most are only about who gives the most sponsor-dollars.
- shrike replied Feb 21, 2017
Jason: will you be moving to London then?
- shrike replied Feb 20, 2017
The formal criteria by Mifid are pretty steep but you may be able to opt in. But i dont know for sure. Just ask. You can read this (elective professional client): url
- shrike replied Feb 20, 2017
If you are classified as professional trader, they will not mark up the swaps. That is because for retail they have to keep all money in trust accounts, and they have to finance client trades out of their own money. Money from professional clients ...
- shrike replied Feb 20, 2017
In Canada its the same like in the USA, only Canada-licensed brokers are allowed to accept canadian residents. UK brokers like lmax wont work (only for institutional accounts). There are probably some in the caribbean or other remote islands who ...
- shrike replied Feb 18, 2017
Why dont you go ahead and start? This information isnt available to the public except for brokers who are publicly traded companies. The NFA report is useless for this, since they only have data for the american branch but nothing on oversea ...
- shrike replied Feb 8, 2017
But what if they just call it quits and take off with all the customer money. You dont even know where they are. Basically you trust an anonymous email address to not screw you over. Personally i am not as trusfull. IMO not advisable for more than ...
- shrike replied Feb 8, 2017
They dont even provide a real address as a contact, only a phone number and email.
- shrike replied Feb 8, 2017
I am just saying, with the current toxic regulatory environment for retail FX in the states its way too risky to invest in this. Now there are only two firms left, the market would be wide open for a newcomer, but apparently those with the means ...
- shrike replied Feb 7, 2017
I dont think its worth it when they can regulate you away on a moments notice. Look at IB, they just killed their retail fx business without any good reason at all.
- shrike replied Feb 7, 2017
Jason: is Effex Capital still a liquidity provider for FXCM and do they still get preferential treatment, as alleged in the cftc complaint?
- shrike replied Feb 6, 2017
That is rather spectacular. I guess there will be a criminal case too - its outright fraud. And as a public company investors are sharpening their knifes too, i would assume. FXCM would have had to disclose this relationship with Effex, but ...
- shrike replied Feb 6, 2017
Good luck to Jason, i hope he will be alright.
- shrike replied Feb 2, 2017
There are worse things - Belgium banned all retail fx and CFDs alltogether. I can live with 50x.
- shrike replied Jan 29, 2017
The proof is in the income statements. They posted GBP 245 million in trading profits for H1 FY17, which directly correlate to client losses. Compare this amount to what clients deposited, and it is clear, that they chew through clients at a rapid ...