Please explain how all this "regulation" has prevented US brokers from cheating their customers out of millions, sprcifically FXCM? Make 10 million, get fined 1 million. I would do that all day. My broker has never cheated me out of a dime. They ...

FXCM Discussion

I've been with my offshore broker for over 3 years. I am not a promoter, matter of fact, I TRY NOT TO MENTION their name. I have not once been exposed to any of the tricks of the "regulated" brokers such as widening of spreads, frozen platform, etc. ...

FXCM Discussion

Does not apply to forex. Maybe futures, not sure, but there is absolutely no protection of funds in US forex. Matter of fact, it is the CFTC which prohibits it.

FXCM Discussion

Not syong Dodd-Frank is not an isue. However, even if completely abolished, there still remains 50:1, no hedging, FIFO and only 2 options as far as US brokers. Eliminating Dodd-Frank will not change any of that.

List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

So then trade with Oanda or Forex.com. I'll take my chances offshore. Forex.com blatanly steals from their clients through variety of methods, regulation doesn't mean shit.

FXCM Discussion

Dodd-Frank isn't the problem. The CFTC wants to abolish retail forex in the USA. They are the ones that need to be controlled.

List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

Not neccessary to have huge winning %, it works the same way as if I had 50:1 broker. So, let's say I have 10K to trade with in my bank account, and I want to risk 2% on a trade. Let's say 5 minis on EURUSD with a 40 pip stop. With my broker, I only ...

FXCM Discussion

They can't be regulated BY ANYBODY. Look at all the good brokers regulated in the UK, Australia, Dukas in SWitzerland. None of them can accept US clients because of US regulations, not those of their own country.

FXCM Discussion

It is so ironic that so many people trust FXCM, Gain, etc. despite the thousands and thousands of complaints, not to mention the regulatory actions. Yet, because a broker is offshore, it automatically means they are not to be trusted. The brokers ...

FXCM Discussion

That's the entire point of using a 500:1 broker. I only have 10% of my trading capital on deposit, the rest sits in my bank account until if/when needed. If they take off, I still have 90% of my capital.

FXCM Discussion

Been with them three years, not one issue ever. FXCM does provide a physical address, what's your point?

FXCM Discussion

Not sure what broker you are speaking of. Mine is ECN with very thin spreads and $3.50 per lot commission.

FXCM Discussion

I actually try to keep it under the radar of the regulators, but at the same time feel obliged to help fellow US traders.

FXCM Discussion

My broker is $5 flat + 1.9 %. They now offer e-wallet which is even less. Bank wires are always expensive but this is of course due to the banks themselves.

FXCM Discussion

This post is absolutely correct. I have watched price come within .01 of my stops hundreds of times with my offshore broker and never get hit. Those stops would have been crushed with a US broker. The offshore brokers who are not regulated are ...

FXCM Discussion

Yes, the amount on deposit with the broker is just a small % of my actual trading capital. The majority is held in my bank and transferred if and when needed.

FXCM Discussion

Just found this on the forex scam alert site. I have been touting this for years, seems like they actually stole my verbiage. High leverage to keep margin deposits small. Great care must be taken when using leverage. Before following this advice, ...

FXCM Discussion

Been trying to tell everyone. Only some listened, and they are all trading happily and restriction free on a true ECN with the same offshore broker I use.

FXCM Discussion