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Originally Posted by TyphoonTycoon
Speaking of CoesFX, It appears a lot of Managed FX programs use this firm for clearing trades, but at the time I conducted Due Diligence, I discovered this...
http://www.nfa.futures.org/BasicNet/...14715&type=reg
Does anyone know anything more about the disciplinary proceedings here and more importantly are these events anything to worry about in terms of being a client with them? Also, Does anyone here currently trade with them (Either with or without the MetaTrader Platform)? If so, have you noticed any irregularities with them in any way?
Thanks in Advance |
--- Addendum ---
Someone in another forum explained that the disciplinary action regarding CoesFX was related to one of their IB's / sales rep misbehaving and dishonestly offering some "Guranteed returns" or some such irregularity. Since the IB's aren't NFA regulated, the regulartory action incidently fell back onto CoesFX.
That being said, I will still be interested in hearing from people who have actually traded with this firm.