Moderator: There is a disclaimer at the bottom of this post that hopefully makes it clear that this is not a "commercial/sales" message. There is no offer or solicitation to purchase anything in this post. This is a post to help educate and inform Retail Forex Traders about what they can do to bring about real change in the Retail Forex Industry within the United States of America, given the current Regulatory Environment, by participating in potentially bringing about a new "Retail Forex Exchange" that positively benefits all Retail Forex Traders, by adding a level of transparency and efficient in trading not currently in existence within Retail FX. This is NOT a sales or marketing message of any kind. This is intended to educate and inform Retail Forex Traders about a personal phone call I had today, which could result in the development of more efficient trading platforms in the near future.
It could become a reality and sooner than you might think!
However, it will take your personal involvement and support of what could become the first Retail Forex Trading Exchange in United States history. I just got off a potentially very important phone call that I initiated on my own. Phillips Capital, is the potential source for a new Retail Forex Exchange and you need to let them know (right now) that as a Trader, you absolutely prefer to have a genuine STP/ECN Retail Forex Exchange experience, as opposed to just another "Retail Forex Broker" experience. Below are some of the key details of my phone call with Phillips Capital today, as well as how you can effect real net positive change in the landscape of Retail FX in the US, forever.
It Is Time for Real Change in Retail FX
You have all heard the news about what happened to Phillips Capital no doubt through LeapRate (https://www.leaprate.com/2016/06/sec...orex-offering/) about the SEC shutting down its "Retail Forex Brokerage" service here in the United States. Phillips Capital, had dual registration both as a BD and FDM. The SEC ruling blocks BD's from having "Retail Forex Brokerage" offerings under the "same roof" as their Broker Dealer offerings. This essentially shut down Phillips, before it could solidly get two feet out the door in Retail Forex. I have stated here on this forum that I thought Phillips Capital, with its current infrastructure already in place, would be in a prime position to spin-off a new offering as an FDM only entity, but this time doing it as a genuine Retail Forex Exchange.
Well, I just got off the phone with the Compliance Department at Phillips and spoke to a wonderfully pleasant human being at the firm who talked with me directly about what actually took place with the SEC decision and they also explained to me the reason behind their decision to not go ahead with an FDM only approach and re-enter as a "Retail Forex Broker." Of course, getting Phillips into the business as just another "Retail Forex Broker" who takes positions against their own customers was not my reason for calling them on the phone today.
My reason for calling Phillips today, was to get them to see the light on why it should return to Retail FX as an FDM, but NOT as just another Retail Forex Bucket Shop. I explained to them that there were many Retail Traders right here in the United States of America who were entirely frustrated with bucket shops in Retail Forex and who wanted a different kind of trading experience that was both fair and efficient to the Trader.
I asked Phillips Capital today to reconsider re-entering the market as a pure Retail Forex Exchange. The idea seemed "interesting" on the surface to them and I was given the name and direct phone number with the head of their Business Development Unit out of Chicago. His name is Dave Klotz and I am awaiting a call back to discuss the matter further.
Ushering In A New Retail Forex Exchange Paradigm
Folks, I could tell from the tone and tenor of Compliance that they were very unhappy with the recent SEC decision and somewhat taken off guard by that decision as well. I get the feeling that they wanted to be in the business, but that the SEC closed the door on their United States operations. I also get the strong feeling that re-entering the business as a pure Retail Forex Exchange, was something that would appeal to them, but only if they could see a path forward that would capture a sufficient number of new customers to off-set some of the start-up costs, which would be a very fair offering and not an unreasonable expectation.
Retail Traders! This could be your opportunity to make a positive impact on Retail Forex in the United States that would set a new precedent by making Retail Forex Exchanges the rule rather than the non-extant exception. But, you will need to get behind Dave Klotz and this effort, by making your voice heard within the halls and conference rooms of Phillips Capital in Chicago. This will not happen, if they do not hear from you. So, take some time out of your day to pick up the phone (don't write) and flood Phillips Capital with your requests, in fact your polite demand that they initiate a pure Retail Forex Exchange, right here in the United States of America.
In speaking with Compliance today, Phillips Capital realizes that you don't have vary many extensible choices in Retail Forex and those that you do have are "Brokers" who have fiduciary responsibilities to their "proprietary liquidity pool partners" and "larger institutional customers." A true Retail Forex Exchange would not have that baggage and thus would be able to provide you with genuine (true) Straight Through Process (STP) and an Electronic Communications Network (ECN) experience as a Retail Forex Trader, probably for the first time in United States history. Thus, you have a possible chance here to make history, if you get behind this effort.
I have initiated this effort on behalf of all Retail Forex Traders. I was once one of you. I know what it was like being involved with a Bucket Shop. I know what constant Slippage, Re-quotes, Platform Lockouts, Erroneous Price Spikes/Price Gaping and low-to-no trading platform availability just before and during News and/or Economic Reports are like. I know what it is like being locked out of your platform completely unable to enter or exit the market because a "Retail Broker" has more of a duty to cover its own exposure, rather than to serve the trading needs of its customers. I've been there and done that before. I've grown out of Retail Broker Bucket Shop Hell, but I realize that many of you have not.
The Time For Real Change Has Come
Think about the timing of all this and why it matters so much to the future of Retail Forex Trading in the United States. Phillips Capital, was standing on the doorstep of their Retail Forex Brokerage offering just before the SEC made its ruling this year. So, here you have a qualified Retail Forex service provider ready, able and willing to bring you broader access to the United States markets that has not been seen in many years being stifled before it could really get started. In that business model however, they were competing with other "Retail Forex Brokers."
I made it clear to Phillips Capital today that simply going out and spinning off another FDM only "Retail Forex Broker" would not excite anybody that I knew, because nobody really wants just another "Broker" to become the middle-man in their Retail Forex trades. I told them that it was my personal opinion that what Traders really wanted was genuine STP and the kind of real Order Matching that can only take place through a foundation of technology supporting a true ECN based Retail Forex Exchange, where the operator of that Exchange simply does not get involved in any aspect of "electronic trade negotiations" via price manipulation of any kind whatsoever.
That idea was thought to be relevant for further discussion at Phillips Capital and I was told that the appropriate next step would get Phillips Capital Business Development involved in the discussion. Folks, they want to be in this business. They don't want to be on the outside of Retail Forex looking in and they know full well that US Retail Forex Traders don't have very many viable options on the table anymore. They want to play ball, but they need to be able to recover their start-up costs which is absolutely not unreasonable a thing to desire as a company.
Get Involved In Making History
As a Retail Forex Trader, I know you deserve better and I know it better than most on this board. I was in your shoes many years ago.
You deserve a fighting chance to reach long term success as a Trader and you are having one hell of a time doing that under the current paradigm in the Retail 'Broker' Universe. So, how about it. How about making some history for all the right and ethical reasons this time? How about you get on the phone right now and let Mr. Dave Klotz, at Phillips Capital in their Business Development unit know that you will offer 100% support of the idea behind a genuine Retail Forex Exchange in the United States of America, if they take the risk to build properly, so that the Exchange is fair, efficient, optimized, available and a stable platform for Retail Forex Traders to grow.
How many times in your life do you get the real opportunity to make history in an industry? They have finally heard from another Trader telling them straight out that they would be welcomed back but only as a genuine Retail Forex Exchange and they did not say no! Essentially, they said let's talk about it further. That's an important first step, people. Big things often times begin with small steps. I can't do this on my own, but I did take the first step. YOU MUST GET INVOLVED in the process and you must do it right now. Get on the phone and call to express your interest in a true Retail Forex Exchange inside the United States of America.
When you have a potential opportunity to improve the Retail Forex trading environment for all Traders, you don't waste that opportunity. Let Phillips Capital here your voice and your cry loud and clear for a genuine Retail Forex Exchange (finally) right here in the United States and who knows, you just might get that true STP/ECN you've been told you are getting but have never actually realized or been able to hold on to.
Phillips Capital
Dave Klotz, Business Development
---------------------------------------------------------------------------------------------
To the ForexFactory Moderator:
It is not my intention to violate any terms of use policy here at ForexFactory.com. This post was made for educational and informational purposes only and does not represent a solicitation of any kind whatsoever that involves my benefit in any way. This post was made in the hope of improving the "Retail Trading Experience" of all Retail Forex Traders, by alerting them to the possibility of the existence of a new "Retail Forex Exchange" service that could become a reality depending upon the interest level shown by all "Retail Forex Traders."
I contacted "Phillips Capital" of my own volition and initiated dialogue with the company absent any business relationship with ForexFactory.com. I am not now, nor have I ever been, nor do I ever intend to be in the employ of either "Phillips Capital" or "ForexFactory.com." My sole purpose was to begin a movement within the Retail Forex Trading Community that establishes a genuine (real/true) "Retail Forex Exchange" where the operator of said "Exchange" is only involved in "Order Matching" between exchange members and institutional exchange liquidity providers as the case may be during any Forex transaction within said "Exchange."
I am in no way connected with, affiliated with or related to either Phillips Capital, ForexFactory.com or any potential future "Exchange" member, or "Exchange Liquidity Provider" that may come about as a direct result of this post. I am an independently successful Forex Trader who manages his own private capital and I have no personal need for a "Retail Forex Exchange" of my own for any purpose. Again, this post was to simply educate and inform existing Retail Forex Traders on ForexFactory.com, about the potential impact they could have in the collective, in the establishment of a genuine (real/true) "Retail Forex Exchange."
If this post violates any policy here at ForexFactory.com, please accept my apologies and highlight any area of the post in violation, so that I can make the appropriate edit(s) commensurate with said policy violation(s) asap.
Thank you!
A Pure Retail Forex Trading Exchange in the United States
Are you serious? Is this real?
It could become a reality and sooner than you might think!
However, it will take your personal involvement and support of what could become the first Retail Forex Trading Exchange in United States history. I just got off a potentially very important phone call that I initiated on my own. Phillips Capital, is the potential source for a new Retail Forex Exchange and you need to let them know (right now) that as a Trader, you absolutely prefer to have a genuine STP/ECN Retail Forex Exchange experience, as opposed to just another "Retail Forex Broker" experience. Below are some of the key details of my phone call with Phillips Capital today, as well as how you can effect real net positive change in the landscape of Retail FX in the US, forever.
It Is Time for Real Change in Retail FX
You have all heard the news about what happened to Phillips Capital no doubt through LeapRate (https://www.leaprate.com/2016/06/sec...orex-offering/) about the SEC shutting down its "Retail Forex Brokerage" service here in the United States. Phillips Capital, had dual registration both as a BD and FDM. The SEC ruling blocks BD's from having "Retail Forex Brokerage" offerings under the "same roof" as their Broker Dealer offerings. This essentially shut down Phillips, before it could solidly get two feet out the door in Retail Forex. I have stated here on this forum that I thought Phillips Capital, with its current infrastructure already in place, would be in a prime position to spin-off a new offering as an FDM only entity, but this time doing it as a genuine Retail Forex Exchange.
Well, I just got off the phone with the Compliance Department at Phillips and spoke to a wonderfully pleasant human being at the firm who talked with me directly about what actually took place with the SEC decision and they also explained to me the reason behind their decision to not go ahead with an FDM only approach and re-enter as a "Retail Forex Broker." Of course, getting Phillips into the business as just another "Retail Forex Broker" who takes positions against their own customers was not my reason for calling them on the phone today.
My reason for calling Phillips today, was to get them to see the light on why it should return to Retail FX as an FDM, but NOT as just another Retail Forex Bucket Shop. I explained to them that there were many Retail Traders right here in the United States of America who were entirely frustrated with bucket shops in Retail Forex and who wanted a different kind of trading experience that was both fair and efficient to the Trader.
I asked Phillips Capital today to reconsider re-entering the market as a pure Retail Forex Exchange. The idea seemed "interesting" on the surface to them and I was given the name and direct phone number with the head of their Business Development Unit out of Chicago. His name is Dave Klotz and I am awaiting a call back to discuss the matter further.
Ushering In A New Retail Forex Exchange Paradigm
Folks, I could tell from the tone and tenor of Compliance that they were very unhappy with the recent SEC decision and somewhat taken off guard by that decision as well. I get the feeling that they wanted to be in the business, but that the SEC closed the door on their United States operations. I also get the strong feeling that re-entering the business as a pure Retail Forex Exchange, was something that would appeal to them, but only if they could see a path forward that would capture a sufficient number of new customers to off-set some of the start-up costs, which would be a very fair offering and not an unreasonable expectation.
Retail Traders! This could be your opportunity to make a positive impact on Retail Forex in the United States that would set a new precedent by making Retail Forex Exchanges the rule rather than the non-extant exception. But, you will need to get behind Dave Klotz and this effort, by making your voice heard within the halls and conference rooms of Phillips Capital in Chicago. This will not happen, if they do not hear from you. So, take some time out of your day to pick up the phone (don't write) and flood Phillips Capital with your requests, in fact your polite demand that they initiate a pure Retail Forex Exchange, right here in the United States of America.
In speaking with Compliance today, Phillips Capital realizes that you don't have vary many extensible choices in Retail Forex and those that you do have are "Brokers" who have fiduciary responsibilities to their "proprietary liquidity pool partners" and "larger institutional customers." A true Retail Forex Exchange would not have that baggage and thus would be able to provide you with genuine (true) Straight Through Process (STP) and an Electronic Communications Network (ECN) experience as a Retail Forex Trader, probably for the first time in United States history. Thus, you have a possible chance here to make history, if you get behind this effort.
I have initiated this effort on behalf of all Retail Forex Traders. I was once one of you. I know what it was like being involved with a Bucket Shop. I know what constant Slippage, Re-quotes, Platform Lockouts, Erroneous Price Spikes/Price Gaping and low-to-no trading platform availability just before and during News and/or Economic Reports are like. I know what it is like being locked out of your platform completely unable to enter or exit the market because a "Retail Broker" has more of a duty to cover its own exposure, rather than to serve the trading needs of its customers. I've been there and done that before. I've grown out of Retail Broker Bucket Shop Hell, but I realize that many of you have not.
The Time For Real Change Has Come
Think about the timing of all this and why it matters so much to the future of Retail Forex Trading in the United States. Phillips Capital, was standing on the doorstep of their Retail Forex Brokerage offering just before the SEC made its ruling this year. So, here you have a qualified Retail Forex service provider ready, able and willing to bring you broader access to the United States markets that has not been seen in many years being stifled before it could really get started. In that business model however, they were competing with other "Retail Forex Brokers."
I made it clear to Phillips Capital today that simply going out and spinning off another FDM only "Retail Forex Broker" would not excite anybody that I knew, because nobody really wants just another "Broker" to become the middle-man in their Retail Forex trades. I told them that it was my personal opinion that what Traders really wanted was genuine STP and the kind of real Order Matching that can only take place through a foundation of technology supporting a true ECN based Retail Forex Exchange, where the operator of that Exchange simply does not get involved in any aspect of "electronic trade negotiations" via price manipulation of any kind whatsoever.
That idea was thought to be relevant for further discussion at Phillips Capital and I was told that the appropriate next step would get Phillips Capital Business Development involved in the discussion. Folks, they want to be in this business. They don't want to be on the outside of Retail Forex looking in and they know full well that US Retail Forex Traders don't have very many viable options on the table anymore. They want to play ball, but they need to be able to recover their start-up costs which is absolutely not unreasonable a thing to desire as a company.
Get Involved In Making History
As a Retail Forex Trader, I know you deserve better and I know it better than most on this board. I was in your shoes many years ago.
You deserve a fighting chance to reach long term success as a Trader and you are having one hell of a time doing that under the current paradigm in the Retail 'Broker' Universe. So, how about it. How about making some history for all the right and ethical reasons this time? How about you get on the phone right now and let Mr. Dave Klotz, at Phillips Capital in their Business Development unit know that you will offer 100% support of the idea behind a genuine Retail Forex Exchange in the United States of America, if they take the risk to build properly, so that the Exchange is fair, efficient, optimized, available and a stable platform for Retail Forex Traders to grow.
How many times in your life do you get the real opportunity to make history in an industry? They have finally heard from another Trader telling them straight out that they would be welcomed back but only as a genuine Retail Forex Exchange and they did not say no! Essentially, they said let's talk about it further. That's an important first step, people. Big things often times begin with small steps. I can't do this on my own, but I did take the first step. YOU MUST GET INVOLVED in the process and you must do it right now. Get on the phone and call to express your interest in a true Retail Forex Exchange inside the United States of America.
When you have a potential opportunity to improve the Retail Forex trading environment for all Traders, you don't waste that opportunity. Let Phillips Capital here your voice and your cry loud and clear for a genuine Retail Forex Exchange (finally) right here in the United States and who knows, you just might get that true STP/ECN you've been told you are getting but have never actually realized or been able to hold on to.
Phillips Capital
Dave Klotz, Business Development
Be The Change You Seek
Make History
---------------------------------------------------------------------------------------------
To the ForexFactory Moderator:
It is not my intention to violate any terms of use policy here at ForexFactory.com. This post was made for educational and informational purposes only and does not represent a solicitation of any kind whatsoever that involves my benefit in any way. This post was made in the hope of improving the "Retail Trading Experience" of all Retail Forex Traders, by alerting them to the possibility of the existence of a new "Retail Forex Exchange" service that could become a reality depending upon the interest level shown by all "Retail Forex Traders."
I contacted "Phillips Capital" of my own volition and initiated dialogue with the company absent any business relationship with ForexFactory.com. I am not now, nor have I ever been, nor do I ever intend to be in the employ of either "Phillips Capital" or "ForexFactory.com." My sole purpose was to begin a movement within the Retail Forex Trading Community that establishes a genuine (real/true) "Retail Forex Exchange" where the operator of said "Exchange" is only involved in "Order Matching" between exchange members and institutional exchange liquidity providers as the case may be during any Forex transaction within said "Exchange."
I am in no way connected with, affiliated with or related to either Phillips Capital, ForexFactory.com or any potential future "Exchange" member, or "Exchange Liquidity Provider" that may come about as a direct result of this post. I am an independently successful Forex Trader who manages his own private capital and I have no personal need for a "Retail Forex Exchange" of my own for any purpose. Again, this post was to simply educate and inform existing Retail Forex Traders on ForexFactory.com, about the potential impact they could have in the collective, in the establishment of a genuine (real/true) "Retail Forex Exchange."
If this post violates any policy here at ForexFactory.com, please accept my apologies and highlight any area of the post in violation, so that I can make the appropriate edit(s) commensurate with said policy violation(s) asap.
Thank you!
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices