Has anyone noticed CitiFX Pro--an FF preferred broker?
Accounts are FDIC insured and Citi is bound by tougher bank regs than the NFA. In other words, Citi will be held more accountable. Initial deposits are a little larger, leverage is a little lower, and spreads are mediocre, adding up to a much more conservative package than most retail brokers offer.
However, I think for serious US traders, the benefits might outweigh the concessions. I think that for better or worse, this is the direction that US retail Forex will be going. It might be a good idea to look over this more conservative approach. We'll be seeing a lot more of it.
Accounts are FDIC insured and Citi is bound by tougher bank regs than the NFA. In other words, Citi will be held more accountable. Initial deposits are a little larger, leverage is a little lower, and spreads are mediocre, adding up to a much more conservative package than most retail brokers offer.
However, I think for serious US traders, the benefits might outweigh the concessions. I think that for better or worse, this is the direction that US retail Forex will be going. It might be a good idea to look over this more conservative approach. We'll be seeing a lot more of it.