Kreslik.com - traders community since 2006

Please read carefully!

http://www.cftc.gov/newsroom/generalpre ... 72-10.html

And here is the breakdown as one person sees it...

http://www.forexpeacearmy.com/forex-for ... x-usa.html

10:1 leverage!

First of in Canada its already worst. Just for an example, the few Forex brokers that are based here won't accept Canadian customers!

Secondly when I checked dozens of brokers for my first real account, nothing based in USA really catched my attention. Regulations are just to slow down the small investor, freaking banks can do whatever they want. Especially now with the hedging halt, FIFO, etc...

So here's 2 foreign brokers that I seriousled considered and demoed for months.

ActivTrades (registered UK,based Germany)
FxOpen (international but registered Mauritius)

And my current Russian broker, really a pearl.

newshcool

Who is your pearl Russian broker? How long have you been with them? Are they ECN? etc?

Patch
In VA

newschool wrote:First of in Canada its already worst. Just for an example, the few Forex brokers that are based here won't accept Canadian customers!

Canadian broker that don't accept Canadians?? Now that is weird

I don't have much to add here as I don't use a US broker. What the heck can you do with 10:1 leverage ...zipperdy! Saying that, if it happened in the UK for my UK broker I would be extremely livid. I'd be sending an angry email to someone in charge for you forex brothers

Patch,

as you can see I didnt stated its name in my message, well thats because I seriously like this broker and I don't want to spoil it.. When I joined there were not even 2000 clients... So if I go around and tell everyone I'm afraid many beginner traders could change the way the broker do business.

What I will do is ask Michal if I can create a thread in the broker section where I can refer the traders from Kreslik (just by being here I know you guys are serious).

newschool wrote:as you can see I didnt stated its name in my message, well thats because I seriously like this broker and I don't want to spoil it

Rather strange way of reference.
If broker is good, one cannot spoil it by spreading good news
about it.
Of course, if you want to have little bit of something
for referral ...

In fact, it's too risky to deal with business in Russia or with Russians
(this my personal opinion, but I know what I'm speaking about).

Have you wihtdrawed any amounts from your Russian "friend"?
If not, try before saying there are good.

retireme wrote:Please read carefully!

http://www.cftc.gov/newsroom/generalpre ... 72-10.html

Good news for European and Asian brokers

leonyde wrote:

retireme wrote:Please read carefully!

http://www.cftc.gov/newsroom/generalpre ... 72-10.html

Good news for European and Asian brokers

That remains to be seen. Not all of them accept US citizens as customers..

I have no clear insight into the politics of all this, however this might be an attempt by relevant exchanges to force people into using futures and thereby using the services of the exchanges.

Mini futures on currency pairs are already there (CME I think), ain't that a coincidence. Volume is (still) low.

Something to ponder..