Thread: Proposed NFA Capital Requirement
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Old 06-29-2007, 09:20 PM
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zuijlen zuijlen is offline
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Quote:
Originally Posted by forexsavior View Post
This is not meant to be a Meta Trade4 vs. non-Meta Trader4 issue. Both those firms are quite healthy and I updated the list to show that. This is an issue of "healthy forex brokers" vs "potentially doomed brokres"
To reiterate:
  • This a propsal only, open for comment.
  • Capital requirements also depend on the number of clients and traded volume, so an absolute number in itself is not meaningful.
  • It would be bad business practice for a broker to raise captital for a potential change and just have it sit there.
  • The proposal does nothing to protect customers, I'm sure Refco had plenty of capital.
  • Beware of those who call themselves "savior".
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