The-dark-underworld-of-forex-trading

[moka2]

With the recent events of FXCM and failure of Alpari etc this could be an Interesting read from a reputable newspaper in Australia

http://www.theage.com.au/business/markets/the-dark-underworld-of-forex-trading-20150120-12uoi9

 

[gerryg]

With the recent events of FXCM and failure of Alpari etc this could be an Interesting read from a reputable newspaper in Australia

http://www.theage.com.au/business/markets/the-dark-underworld-of-forex-trading-20150120-12uoi9

Yeah its not new information but well explained. Australian ASIC is a decent regulator and it provides some protection to its clients but we have to be extremely cautious when choosing offshore broker. Thankfully there are some reputable names with the industry which long operation history is a safety feature in itself.

 

[moka2]

Australian ASIC is a decent regulator a.

h...m only decent.. many think of it of being a "Toothless watchdog"
"renting" of Australian Financial Services Licence is legit and many questionable operators who would not qualify for a AFSL on their own are entering the market
Client money safety for NON Equity brokers a/c remains a big issue yet

 

[bImGonLeavU]

Thankfully there are some reputable names with the industry which long operation history is a safety feature in itself.

And that's why I'm trying to find a reliable broker that I can use. If I'm in the US, any recommendations?

 

[gerryg]

And that's why I'm trying to find a reliable broker that I can use. If I'm in the US, any recommendations?

you have very scarce number of options as only two or three brokers are allowed to offer their services in the US. No advantages that offer offshore brokers thanks to US restrictions.