Forex



Go Back   Forex Trading > Discussion Areas > General Discussion
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #361 (permalink)  
Old 05-13-2008, 07:12 PM
ElectricSavant's Avatar
Senior Member
 
Join Date: Jun 2007
Posts: 3,354
ElectricSavant is on a distinguished road
I noticed FXDD was missing from this list (are they not in New York?)...How much Capital do they have...anyone? I do not think they have over 20 mil...so their reg may be a non event.

ES


Quote:
Originally Posted by forexsavior View Post
Here are the latest adjusted net capital figuress for U.S. based forex brokers:
http://www.cftc.gov/stellent/groups/...cmdata0308.pdf

Above $20 Million
Oanda $163,000,000
FXCM $87,000,000
GFT Forex $76,000,000
Gain Capital $73,000,000
Interbank FX $28,000,000
I Trade FX $27,000,000

Below $20 Million
PFG $19,000,000
FX Solutions $17,000,000
ODL $14,700,000
CMS $13,900,000
GFS Forex $11,000,000
IFX $10,600,000
Ikon $8,800,000
Alpari $8,800,000
CMC $8,300,000
Friedberg Mercantile $8,000,000
Forex Club $7,900,000
Hotspot $7,700,000
MB Trading $7,700,000
Easy Forex $7,200,000
Money Garden $6,600,000
Bacera $5,500,000
Advanced Markets $5,100,000

Last edited by ElectricSavant; 05-13-2008 at 07:14 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #362 (permalink)  
Old 05-13-2008, 08:08 PM
Senior Member
 
Join Date: Jan 2006
Posts: 1,119
omelette is on a distinguished road
Although it is probably listed in this thread somewhere, a quick google came back with this - FXDD ($781,000) - a practically broke broker!

Link
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #363 (permalink)  
Old 05-14-2008, 12:22 AM
Senior Member
 
Join Date: Jun 2006
Posts: 1,512
prasxz is on a distinguished road
hi

Quote:
Originally Posted by omelette View Post
Although it is probably listed in this thread somewhere, a quick google came back with this - FXDD ($781,000) - a practically broke broker!

Link
pls use interbankfx

===================
Forex Indicators Collection
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #364 (permalink)  
Old 05-14-2008, 12:33 AM
jimven's Avatar
Senior Member
 
Join Date: Mar 2007
Location: Upstate New York
Posts: 140
jimven is on a distinguished road
Quote:
Originally Posted by omelette View Post
Although it is probably listed in this thread somewhere, a quick google came back with this - FXDD ($781,000) - a practically broke broker!

Link
If I recall correctly (from this thread) FXDD cannot register with the NFA unless they have at least 5,000,000.00 in capital. So they're just breathing hot air about registering if they don't have that much. I suspect they probably do...
__________________
Success is more perspiration than inspiration . . .
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #365 (permalink)  
Old 05-14-2008, 02:57 AM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
FXDD is the US marketing arm for a very large company called Tradition Group based in Switzerland last I recall. They are in a ton of markets, including energy exchanges, oil, forex, metals, etc. FXDD isn't broke. I'm dismayed they are joining the NFA because I think the NFA is crazy.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #366 (permalink)  
Old 05-14-2008, 02:27 PM
Senior Member
 
Join Date: Jan 2006
Posts: 1,119
omelette is on a distinguished road
Quote:
Originally Posted by daraknor View Post
FXDD is the US marketing arm for a very large company called Tradition Group based in Switzerland last I recall. They are in a ton of markets, including energy exchanges, oil, forex, metals, etc. FXDD isn't broke. I'm dismayed they are joining the NFA because I think the NFA is crazy.
That's interesting. Do you know what their net-worth is? Though I cannot vouch for the figure I googled, someone obviously sourced it from somewhere, and if it is even within a magnitude of what they actually are worth, it still won't be enough! The fact that they initially declared that they would not be applying for NFA membership certainly isn't the hallmark of a financially viable company...

Also, can you comment on whether the Tradition Group already have, or will be applying for a Banking licence, as per the new Swiss regs?

btw, I agree with you to an extent about the NFA, but it does at least provide potential customers with a sense of security by collating brokers' assets. The alternative is bucketshops like Fxopen and Aleccohfx - one has no permantent address and ellegedly robs its customers blind, the other, despite supposedly having assets of $61,000,000 (if memory serves) is now officially bankrupt, with unknown individuals having emptied its coffers, even though its owner (Aleccoh) was still spinning lies just a week ago...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #367 (permalink)  
Old 05-14-2008, 06:50 PM
Senior Member
 
Join Date: Jun 2007
Posts: 264
forexsavior is on a distinguished road
Veto Override Likely

According to Republican Senator Charles Grassley the Congress will have the votes to override a Bush veto of the farm bill.
CongressDaily - Grassley: Congress Has Votes To Override A Farm Bill Veto

Quote:
Senate Finance ranking member Charles Grassley said today he has signed the farm bill conference report and will work to override a likely presidential veto, predicting that both chambers have enough support for an override. Grassley told Iowa reporters in his weekly teleconference that he is disappointed by the payment limitation provisions in the bill, but said they are better than current law. He also praised the bill's "long list" of other changes, including farm program and tax provisions that he wants enacted. Grassley expects the White House will not push Republicans to sustain the expected veto. If Bush does push support for the veto, cautioned Grassley, he should expect "very weak loyalty in the Congress from his own party."
It looks more and more like this bill is going to become law. I’m trying to dig up the actual language of the bill to find out the time frames the industry is going to get in order to comply with the law. I’ll have more tomorrow.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #368 (permalink)  
Old 05-14-2008, 11:36 PM
Senior Member
 
Join Date: Jun 2007
Posts: 264
forexsavior is on a distinguished road
House Passes Farm Bill

House passes election-year farm bill
By MARY CLARE JALONICK – 1 hour ago

WASHINGTON (AP) — The House passed a $290 billion farm bill Wednesday with a strong veto-proof majority, offering more subsidies for farmers, food stamps for the poor and special projects that lawmakers can bring home to voters this election year.

The 318-106 vote for the five-year bill came despite President Bush's promised veto. He says the measure is too expensive and gives too much money to wealthy farmers.

About two-thirds of the bill would pay for nutrition programs such as food stamps and emergency food aid for the needy. An additional $40 billion is for farm subsidies while almost $30 billion would go to farmers to idle their land and to other environmental programs.

Senators planned to begin debating the bill later Wednesday. A rejection of a Bush veto may be even easier in the Senate, where farm states have greater representation than they do in the House. Congress has only overridden one veto, on a water projects bill, during Bush's two terms.

This measure is not perfect, said the chairman of the House Agriculture Committee, who believes it is balanced. "We've put a bill together that I think addresses what people are concerned about in this country," said Rep. Collin Peterson, D-Minn.

Republicans, however, criticized the mostly bipartisan and popular bill because home-state projects added in an election year. The bill includes tax breaks for Kentucky racehorse owners, extra help for farmers in Hawaii and Alaska, and dollars for salmon fishermen in the Pacific Northwest.

"This bill has been under consideration for a long, long time, and yet still we have earmarks that have been 'air dropped' into the legislation," said Rep. Jeff Flake, R-Ariz.

Ahead of the House veto, Bush made his objections clear, noting that married farmers who make up to $1.5 million still could collect subsidies under the new farm bill. "I believe doing so at a time of record farm income is irresponsible and jeopardizes America's support for necessary farm programs," Bush said.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #369 (permalink)  
Old 05-15-2008, 04:26 PM
Senior Member
 
Join Date: Jun 2007
Posts: 264
forexsavior is on a distinguished road
Halloween: The Day the Dead Pool Rises from the Grave

Cue up the Michael Myers Halloween Theme…

I have just finished reading the Farm Bill language and it is clear that the Congress is not giving the industry much time to adapt to the incredible changes they are forcing upon retail forex dealers and introducing brokers.

The full language is now available at the House of Representatives website:
House Committee on Agriculture:

Title XIII (page 548) is the part of the bill that references the forex industry. Note the following language as it pertains to adjusted net capital requirements for forex dealers:
http://agriculture.house.gov/inside/...onf/CRlang.pdf

Quote:
“(ii) The dollar amount that applies for purposes of this clause is-
“(I) $10,000,000, beginning 120 days after the date of the enactment of this clause;
“(II) $15,000,000, beginning 240 days after such date of enactment; and
“(III) $20,000,000, beginning 360 days after such date of enactment.
Assuming the bill passes by the end of June, that would give U.S. retail forex dealers until Halloween to increase their capital to $10 million. Then they would have until February 2009 to increase it to $15 million and then June of 2009 to reach the full $20 million. Halloween would also be the registration date for Introducing Brokers.

The bill also creates a separate registration category for Forex Dealers and gives the CFTC tremendous leeway in crafting rules governing this new financial services category. There is no telling what the CFTC might come up with (tough new Margin Requirements? Customer Funds Segregation? New Dealing Practice Rules?)

All in all the industry is in for a massive overhaul in the next 12 months. There are sure to be a lot of tricks and treats ahead. Stay Tuned.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #370 (permalink)  
Old 05-15-2008, 05:20 PM
ElectricSavant's Avatar
Senior Member
 
Join Date: Jun 2007
Posts: 3,354
ElectricSavant is on a distinguished road
How anybody could critisize the regulation of Forex...is beyond me. Forex is a Circus just now and its only hope is regulation.

Futures in the USA could have become as Forex has...But Thanks to the NFA. The leveraged Futures industry and its instruments are regulated and the Circus was not allowed to proliferate.

Thank you NFA
Thank you CFTC

We just cannot self-regulate ourselves, we need you and we pay taxes for you, here in the USA.

ES

P.S. However, It is my opinion that if the Forex Global players cannot unite into ONE regulated price feed...that the benefit of regulation cannot ever be, what it can be...

Last edited by ElectricSavant; 05-15-2008 at 05:24 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
"crown forex" + sfbc, forex, hedge, hedging, Jared Martinez fraud, jared martinez scam, nfa, search


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
start capital for my forex project Alex.Piech.FinGeR Non Related Discussions 61 11-09-2008 01:03 PM
Proposed complex EA. Is this system possible? Freeman Expert Advisors - Metatrader 4 4 09-18-2006 01:56 PM


All times are GMT. The time now is 04:01 PM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.