Quote:
Originally Posted by talktome
Do you think that we are more safe to invest with any regulated FCMs even some of them are shut down by NFA because none clients lose any money? However, unregulated firms will be more danger.
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That's a good question. I would say first of all it is NEVER safe to invest in an unregulated company. You are not protected AT ALL. If someone put a gun to my head and said pick a firm, either a dead forex firm walking or an unregulated firm I would pick a dead forex firm walking. Because at least you can appeal to a regulator for help when it all hits the fan. But an unregulated firm is truly a game of Russian roulette. Fortunately, you don't have to make that choice. There are some MT4 brokers out there who are decently capitalized, InterbankFX and FXLQ for example. In either case if your heart is set on a dead forex firm walking I recommend at least waiting until the firm makes it clear they'll be able to meet the new capital requirement. For now it is just too much of a risk.