While there is no international organization to protect forex traders like there is S. Actually, I'm an overnight success. Who knows, they might just make their own iPad app.
The internalization process is based on very rigorous and detailed risk management techniques centered on many risk parameters, which are continuously evaluated and monitored by the senior management. I'm truly sorry, probably this is a good question for large Forex forum community.
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New Poll How many brokers have you changed during the 1st year of Live trading?:. I stayed with my first broker. Top 10 Forex brokers Alexa. There is no international organization or global agency that monitors and oversees the currency trading occurring all over the world in the interbank. Due to the unregulated nature of the spot FX market, this opens up the opportunity for forex scams and frauds. While there is no international organization to protect forex traders like there is S.
If you are trading forex in the United States, there are two major regulatory agencies that you should be aware of.
This agency was developed in to protect individuals average cool dudes like you and the FX-Men in futures and commodities trading. From to the present, the CFTC has undergone many changes in hopes of improving trading conditions and creating a level playing field for everyone.
Futures exchanges are also located in these cities. So if you have a problem with them, you can make your way over there and bust out your uzis and spray them.
Imagine if there was no organization out there to protect you. There would be a lot more scammers, and brokers would cheat their clients in a heartbeat. The CFTC provides order in a market that would otherwise be chaotic. The mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options.
The NFA is an industry-wide self-propelling organization created in that regulates the futures market in the United States. Virtually every firm or individual who conducts futures or options on futures business with the public must be registered with the CFTC and a Member of NFA. NFA Member categories include: