The only way not to think about money is to have a great deal of it![](https://resources.faireconomy.media/images/emojis/64/1f911.png?v=15.1)
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MBT or Pfgbest? 40 replies
how about the broker of Pfgbest? 1 reply
PFGBest - DEMO Server Down for You Too? 7 replies
DislikedThis is just the begining, the NFA would now beam their searchlight on a whole lot of other bigger Nfa registered brokers and believe me, in just days other US brokers would be publicly revealed to be in the red cause i dont believe PFGbest was alone in this scam.
So much for flashing the NFA REGULATED badge as an added broker advantage.Ignored
DislikedThe best thing to do right now is to use tier2 prime brokers( vcap, marex, fcstone or hotspotfx) with the option of trading with BANK GUARANTY. Im never gonna ever deposit a dime with any broker again.Ignored
Dislikedwhy don't these regulators ask the broker bank how much money the broker have instead of asking the brokerIgnored
DislikedBeats be PT. Right now im pissing in my pants cause im presently managing a $1.3mil fxcm account. Hope those crooks are clean with their recordsIgnored
DislikedThe best thing to do right now is to use tier2 prime brokers( vcap, marex, fcstone or hotspotfx) with the option of trading with BANK GUARANTY. Im never gonna ever deposit a dime with any broker again.Ignored
DislikedThe funny thing is that it seems like so many traders are looking to get away from regulation, as if they don't get that it is there to protect them. They'd rather have a shot at blowing themselves up to 400:1 leverage overnight than care about the broker stealing their money.Ignored
DislikedAin't that the truth. I practically gave up on visiting this forum as I grew so tired of that mentality.Ignored
DislikedI'm all for well regulated trading companies when that regulation actually protects customers. But ineffective regulation can be worse than no regulation at all because it instills a false sense of safety. This case seems to be an illustration of ineffective regulation.
As poundtherock said, by simply changing the requirement for auditors / regulators to get account statements directly from the bank, many of these surprise meltdowns could be stopped early in the process, before all the funds have evaporated.Ignored
Disliked(Enron, Refco, Lehman, MF Global). The list would be larger had Merrill Lynch and Bear Stearns not been forcibly acquired by other firms. Something is clearly seriously wrong with this industry and the regulatory scheme that governs it.”Ignored
DislikedI'm all for well regulated trading companies when that regulation actually protects customers. But ineffective regulation can be worse than no regulation at all because it instills a false sense of safety. This case seems to be an illustration of ineffective regulation.
As poundtherock said, by simply changing the requirement for auditors / regulators to get account statements directly from the bank, many of these surprise meltdowns could be stopped early in the process, before all the funds have evaporated.Ignored