Quote:
Originally Posted by jafar00
I wouldn't even consider a US based broker to tell you the truth. They are shonky operations. Refco and FXLQ are two names that come to mind of supposedly safe US based NFA registered brokers that closed up and have disappeared with millions in client funds and with the NFA making new rules to swell their coffers, there are more US brokers to disappear with your funds in the near future.
As for Felix "McDodgy" Homogratis, his IB is felixforexbroker.com, not felixforex.com despite the similarity. Perhaps Varengoldbankfx needs a web2.0 style splash saying "This broker is not affiliated with Felix Homogratis" lol  |
I don't agree. You're right about company as Refco but Fxlq is not a case dismissed because of NFA.
But we know the differences between regulated and unregulated company.
Unregulated company can do whatever it wants to and nobody can say anything, but regulated company has to answer to authority (NFA, FSA, etc.)
It doesn't mean that unregulated company is scam, but it can do whatever it wants to without any exuse