Any one used them or heard of them? Looking for a quality STP borker that still allows hedging. Has anybody tried them? Thier Demo spreads appear good on MT4.
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Any one used them or heard of them? Looking for a quality STP borker that still allows hedging. Has anybody tried them? Thier Demo spreads appear good on MT4.
I still cant believe that folks do not know that you can open a business in any of these areas, call it a fx broker, get some fake permit, convince a business like FXCM or even forex.com to let you be a whitelabel spouse, accept client funds etc., then when you introduce your entire customers to forex.com, it is possible to call yourself a STP or ECN broker because you send all of your trades to a liquidity provider - the dealing desk of forex.com - dumb.
10 pips says the cftc will soon be breathing down their necks soon in case the Jadefx situation is anything to base it on (Jade used technician support through BT in the US). These guys web servers are loed in the US.
Http://www.whois.net/whois/forextradingoffice.com
Im sure the cftc will be able to claim jurisdiction.
Another red flag is the fact that they just registered the domain for 1 year. Why not do multi year for a reduction unless you expect to close the site down and run with the cash.
Im just curious but how do you people find these bucketshop brokers, would you just type into google Im searching for a broker to rip me off?
These http://www.forextradingoffice.com/133.html? From the http://www.forextradingoffice.com/about-us.html? Send your money to an unknown party http://www.forextradingoffice.com/fu...r-account.html?
Are you really serious? Have you read all about the wonderful world of JadeFX? Perhaps the 500 (former and now destitute) traders there can offer you some advice.
There must be 4 dozen brokerages where you'd be better off. Choose among them.
Why anybody would think of sending their money to an obvious swindling bucketshop like this is beyond sensible and sane thinking - you'd be far better off sending your money to a charity. You're never going to get it back, but at least you know it helped people who had it declared their intent ahead.