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Old 08-10-2007, 01:33 PM
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Pipperoni Pipperoni is offline
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Question

So, is there now a good, big, MT4 broker ?
From all the brokers in the 120 list I find NONE in the SELECTED FCM FINANCIAL DATA LIST or they are underfunded. Like fxdd seems to be Tradition North America Inc (according to Bongrak from Golden money tree), but in the list is no such company, but there is: TRADITION SECURITIES AND FUTURES INC. This is not the same company. So this is a broker from which we know NOTHING: Not regulated, not insured, no idea about capital, yearly profit. Are they wealthy or at the border of bankruptcy? Who is the boss ? The only thing you get is an address and a telephone number.
I am frustrated about the lack of regulation and information in this forex broker jungle. Why does it takes years before the government of the USA takes the steps to organize this? It seems so they are gone do something in the near future ... lets see.
Or should we trust Alpari UK ? Where can we find any info about their capital requirements and excess capital ?

I ringed to MIG in Switserland and asked the guy on the phone if he could provide some info from a government source (or any 3th party) about the financial situation of MIG. I got only commercial blabla as a reaction. Customers are not supposed to ask such a question.
JP
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