Hi People!

I just read the whole thread, looking for decent brokers and Tradeview sounded good. An IB for RCG.

But this is in their user agreement..

"Customer hereby acknowledges and agrees that a situation may arise whereby RCG or an officer, director, member, partner, affiliate, associate, employee, bank, bank employee or dealer, associated with RCG, may be the opposing broker for a trade entered for Customer’s account. "

Bucket shop?

Because this is what it says on the site (but dated feb 18th 2008)..

"Tradeview Forex (TradeView Forex | Online Currency Trading |), an online foreign currency trading (forex) division of Rosenthal Collins Group, today announced the successful launch of straight-through processing (STP) to optimize the speed and efficiency of its transactions. The utilization of STP will provide hedge funds, institutions, money managers and private clients with an abbreviated processing cycle and access to the liquidity of a global market.

Recognizing the necessity to facilitate a real-time architecture in order to meet the global demand resulting from the significant growth of online trading, Tradeview Forex has chosen to automate its systems using a straight-through processing framework to realize a real-time operating environment as well as reduce the time, cost and associated errors of manual intervention.

The move enables the entire trade process to be conducted electronically without the need for re-keying or manual intervention, making Tradeview Forex one of the earliest adopters of this all-digital system to connect the popular Metatrader 4 online trading platform directly to the forex market."


I haven't asked Tradeview about this yet. I contacted RCG to see what they say.

I heard one of the people running Tradeview used to work at 1World. This does not fill me with joy.

But I am inclined to think it is outdated wording in their contract - what does everyone else think?