Jan 26 2010

CFTC’s new requirements: let’s stop this madness!

After all the dust settled following two weeks of cross-industry rage regarding the new CFTC requirements it’s now time to take a more sane review at the upcoming regulations. Two biggest and most concerning issues proposed by the CFTC are the 1:10 leverage forced on traders and severe limitations placed on IBs. Regarding leverage the implications [...]

Nov 16 2009

FXCM Launches Net Stop and Limit Orders on U.S. Accounts

New York, November 16, 2009—FXCM LLC (www.fxcm.com) is re-introducing a great feature to the FXCM Trading Station: Stops and Limits. FXCM has created a new set of stop orders and limit orders that are compliant with the FIFO rules mandated in 2009. Stop orders and limit orders are some of the most popular tools a [...]

Oct 22 2009

MT5 VS MT4 – A Trader’s Perspective

Many of you are aware that MT5 can now be downloaded and tested. I’m going to quickly go over some of the differences between MT4 and the new upcoming MT5, which I tested recently. Please note I am only using a demo copy of MT5 (since MT5 won’t go live for some time yet).. 1. [...]

Jul 29 2009

Does your US broker comply with the upcoming FIFO (Rule 2-43) Regulation?

So if you’d like to know what your broker did, or didn’t, in order to comply with the upcoming regulation this is the post you need to read. The list below shows (based on brokers’ own statements) which brokers were affected and in what manner (clicking the broker will take you to the relevant content): [...]

Jul 17 2009

Traders: NFA makes fun of you. And of itself

NFA’s efforts to ridicule the mandate it has been given by the CFTC have finally reached the point where it simply becomes absurd. It appears that the agency has no idea what it should be doing or what the results of its actions are. If I wasn’t sure that the NFA could care less about [...]

Jul 15 2009

FX Tek Launches System Trader; The Brokers’ Supplement to MetaTrader

FX Tek recently launched a new system based trading platform called the FX Tek Easy System Trader, designed to meet the demand of traders looking to build and test their own systems without the need for sophisticated computer programming.  The FX Tek Trader, a FIFO compliant solution, was designed in response to the recent growth [...]

Jun 3 2009

Is FIFO The Elephant In The Room No One Is Talking About?

The NFA has stipulated that brokers must close out offsetting positions each day and that those positions must be closed on a first-in-first-out (FIFO) basis. There are less than 60 days remaining for U.S. Forex dealers to modify their platforms to comply with the new “hedging” requirements.

TAGS: , , ,
May 27 2009

How Forex brokers gamble with your money: The CFTC wants YOU to comment on new requirements

CFTC issued a statement (scroll down) where it asks for Public (that means YOU) commentary on whether YOUR funds which are deposited with Forex brokers can be invested in risky assets.. So first of all, go ahead and email David Stawick at secretary@cftc.gov telling him that this time the CFTC got it right – we [...]

May 27 2009

New Chairman of CFTC sworn in, promises new era of agressive regulation…

New Obama appointed controversial CFTC Chairman Gary Gensler was sworn-in yesterday and basically promised “strong, intellectual and aggressive regulation” (Oh God…). Gensler also stressed the need to “urgently close the gaps in our laws to bring much-needed transparency and regulation to the over-the-counter derivatives market to lower risks, strengthen market integrity and protect investors.” My [...]

May 25 2009

Dirty Tricks in London Town

Just to introduce myself, I am Jim Hunt and I am very pleased to have been invited by Michael to be your Forex Magnates roving reporter in the United Kingdom. You are probably aware by now that the new NFA hedging rule has caused a lot of consternation in the industry, to say the least!  [...]

Page 1 of 212


Note: Copyright © 2009 Forex Magnates. All rights reserved.
All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content.
All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.