I am aware that the NFA covers the US only. What I was implying is that some form of binding regulation is required, if the small trader is to have any hope. Despite Aleccohfx's repeated assurances that they were regulated, you are no doubt aware of the mess that has insued, and the number of people who are in danger of losing their deposits.

Your Bear Stearns quote does highlight the difference between preceived and actual security though - who would have thought that something like that could occur to a major bank that never posted a loss before the last quarter? Not me, that's for sure...

I´ve just quoted NFA belongs to US to inform newcomers .

I have suffered same losses as you Omelette, different broker, same problem, one day you woke up and money was not there anymore.

My point is: regulations often protects others than customers.

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Yes, I agree, s*it happens! - unfortunately it seems to happen all the time where Metatrader compatible brokers are concerned... My previous & current brokers (Ameritrade & InteractiveBrokers) must run things differently (ie. being reasonably honest) as I have had little to gripe about regarding them - and believe me, I can gripe when it's called for...

As it happened, I withdrew most of my deposit from Aleccohfx before things went sour 'cos absolutely everything I experienced told me there was something fundamently wrong there - despite the continuous hype by Aleccoh himself right till the end.

So while the max. I can lose will only be a few hundred dollars, what bugs me more is that despite continuing to highlighting these short-comings, both in Aleccoh's thread and by PM, the feedback I most often received was of the form "stop hassling Aleccoh...", as if it was he was the injured party!

People seem to need to believe only what they want to believe - and to hell with the facts...

Yeah, but I've used all but 2 of the brokers listed in the "Above 20mil" section (the link above) and I had major problems with all of them. The NFA is worthless. I personally filed 2 complaints and know of others that have done the same. Nothing was every done with any of the complaints. They never even showed up on their NFA registration page??! Forex regulations (US or otherwise) don't mean anything when the s**t hits the fan. Nothing is binding! Just because a broker is "well funded" or "regulated" doesn't mean that it is a good broker. (i.e. Revco)...

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Hello,

I'm on FXLite for my real account but I want to change because FXLite doesn't use the micro lots (0.01)

I see Velocity4x or Alpari.

Which is the best and more secure ???

Michel

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[Sorry for my bad english , I'm from Belgium and I speak french]

Hello Michel,

Sorry, I don't have any experience with either broker. I've heard good things about Velocity4X, but nothing first hand...

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Ok, thank you.

Michel

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[Sorry for my bad english , I'm from Belgium and I speak french]

Hi all members,

Anybody have trade with GFT (Global Forex Trading)? Can share your experience here?

Thanks.

MatFX;

I traded a live account with GFT when the GBP was @ 1.7700. Been a few years ago. Platform was hard to trade, not MT4. I recently downloaded a Demo, 1 month ago. Nothing has changed. You need to be a TECHNICIAN to trade the platform, otherwise your efforts are a donation.

Just my live experience.

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Thank you for your comment.