Category: ALL off-exchange FOREX BROKER/FIRMS by company name. Facts and PROOF..

UNITED KINGDOM 2016 LIST OF UNREGISTERED BROKERS WITH ACTIONS AGAINST THEM

Public Alert: Unregistered Soliciting Entities (PAUSE)

List of Unregistered Soliciting Entities That Have Been the Subject of Investor Complaints

The SEC receives complaints from investors and others, including foreign securities regulators, about securities solicitations made by entities that claim to be registered, licensed and/or located in the United States in their solicitation of non-US investors, and entities not registered in the United States that are soliciting US investors.

In some cases, the complaints are about entities claiming to offer investments endorsed by governmental agencies, including the SEC. These claims are important because when an entity claims to be registered with the SEC, it is in effect claiming that it has made itself available for SEC regulation and oversight. Generally, US entities that solicit you to purchase or sell securities for your own account are required to register with the SEC. For this reason, it is important for you to consider whether the entity that solicits you is, in fact, registered with the SEC.

In many cases, SEC investigation reveals that the soliciting entities are not registered in the United States as they claim or imply. In an effort to warn the public about these entities, the SEC is publishing information it has learned in reviewing these complaints.

For each of the entities named below, the SEC has determined that there is no US registered securities firm with this name.  Where applicable, the “Note” section for each entity provides additional relevant information we have learned. The SEC will regularly update this list.

Additional PAUSE Lists

In addition to the unregistered soliciting entities listed below, the SEC also receives complaints about entities impersonating genuine US registered securities firms as well as entities falsely claiming affiliation with government agencies or international organizations, including the SEC:

You should be aware that these lists do not include all unregistered entities, impersonators of genuine firms, fake regulators, or entities that have been the subject of complaints received by the SEC. Also, you should understand that the inclusion of a name on these lists does not mean that the SEC has concluded that a violation of the US securities laws has occurred or that the SEC has made any judgment about the merits of the securities being offered by these entities.

You can view the official SEC release describing and providing more details about these lists. If you have information, questions or comments about the entities on this list, submit a question or complaint to the SEC.

Alphabetical Index
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Name Comment

A

Alliance Group, Inc.
Alliance Insurance Agency

60 Pine Street
New York, NY 10005
Phone: 646-417-6866
Fax: 646-417-6302
Website: http://www.alliance-insagt.com/
American First Securities
2576 Broadway, Suite 5000
New York, NY 10025
Phone: (646) 658-3167
Fax: (646) 619-4357
Website: http://www.american1stsecurities.com
Anderson, Franklin, Sullivan Partners Ltd., a.k.a. AFS Partners Ltd.
405 Lexington Avenue,
New York, NY
Phone: 646-502-8763
Fax: 646-607-3578
Website: http://afspartners.net/
Anderson Ford Financial
11 Wall Street
New York, NY 10005
Phone: 718-475-9262
Website: http://www.andersonfordfinance.com
Atlantis Capital Partners, Inc.
2100 Southbridge Parkway, Suite 520
Birmingham, AL, 35209
Phone: 205-224-9210
Fax: 205-413-8892
Website: http://www.atlantiscp.com

B

Banc De Binary
Trump Tower
40 Wall Street
New York, NY 10005
Phone: 800-656-6163
Fax: 866-779-4265
Website: http://www.bbinary.com/
Bank Guarantee Funding
40 Wall Street, Trump Building
New York, NY 10005
Phone: (646) 580-5543
Website: http://www.bankguaranteefunding.com
Brentcliffe Limited
175 South Main
Salt Lake City, UT 84111
Website: http://www.brentcliffeltd.com
Brookdale Management Consultancy, Inc.
88 Broad Street
New York, NY 10004
Phone: 646-564-5652
Website: http://www.brookdalemci.com

C

Cannon Corporate Consultants
240 W. 35th Street
New York, NY 10001
Phone: 646-564-5657
Website: http://www.cannoncorporateconsultants.com
Carlson and Clarke
76 S. Broadway
White Plains, NY 10601
Phone: 914-485-8521
Fax: 914-462-3390
Website: http://www.carlsonandclarke.com
Carlsson and Capehart Group, Ltd.
555 West Fulton Street
Chicago, IL 60661
Phone: 872-302-8093
Fax: 872-777-8188
Website: http://www.carlssoncapehartltd.com
Chartered Capital Management
261 Old York Road
Jenkintown, PA 19046
Phone: 215-302-6029
Fax: 215-814-8901
Website: http://charteredcm.com/
Cohen & Partners
71 Harrison Avenue
Boston, MA 02111
Phone: 617-517-3027
Fax: 617-507-4663
Website: http://www.cohenandpartners.com
Coreen Bradford Insurance
153 E. Wacker Drive
Chicago, IL 60601
Phone: 312-628-1287, 815-280-0375
Website: http://coreenbradfordinsurance.com/
CPI International
Equitable Building
Floor 23, Suite 1996
120 Broadway
New York, NY 10271
Phone: 646-389-1920
Fax: 646-389-1923
Website: http://www.cpiint.com/

D

David, Scott & Allen PLLC
155 E. 55th Street
New York, NY 10022
Phone: (917) 675-4353
Website: http://www.seclawprofessionals.com

E

Ellipse Trading
Liberty Tower, 12th Floor
William Street
New York, NY 10005
Phone: (516) 307-5279
Fax: (516) 706-0792
Website: http://www.ellipsetrading.us

F

Federal Capital, Inc.
459 Columbus Avenue
New York, NY 10024
Phone: 914-293-1451
Fax: 914-462-3763
Website: http://www.federalcap.us
First Escrow Trust
96 Greene Street
Jersey City, NJ 07302
Phone: 201-655-7339
Website: http://www.fetintl.com
First Financial Management
255 W. 36th Street
New York, NY 10018-7798
Phone: 646-351-1282
Fax: 646-961-4811
Website: http://firstfinancialmgmt.com/
First Trade Securities
34485 Winton Place
Rochester, NY
Phone: 646-626-4215
Fax: 646-619-4694
Website: http://www.firsttradesec.com
Fundamental Trading Inc.
296 South County Farm Road
Wheaton, IL 60187-2440
Phone: 630-206-5845
Fax: 630-206-5847
Website: http://fundamentaltradinginc.com/

G

Global Asset Management Inc.
New York, NY 10003
Website: http://globalassetmanagementinc.net/
Greenberg International Law & Tax Advisory
184 5th Avenue, Flatiron Building
New York, NY 10010
(and)
One Constitution Plaza, Kinsley Street
Hartford, CT 06103
Website: http://www.greenbergtaxandlaws.com
Gruber and Green, Inc.
311 Florence Avenue, 24th Floor, Suite 12
Evanston, Chicago, IL 60202
Phone: 224-217-9852
Fax: 225-282-1010
Website: http://www.gruberandgreeninc.com/
(The website is no longer accessible.)

I

Impact Finance
225 Franklin Street, 26th floor
Boston, MA 02110
Phone: 857-239-0450
Fax: 857-220-3000
Website: http://www.impact-finance.net/
International Mergers
City Spire Center, Level 4, 150 & 156
West 56th Street
New York, NY
Phone: 212-401-0689
Fax: 646-619-4166
Website: http://mergers-intl.com/
IPO Securities Litigation
Website: http://www.iposecuritieslitigation.org

K

Keystone Corporate Group
225-256 Vesey Street
New York, NY 10282
Phone: (646) 759-7696
Website: http://www.keystonecorporategrp.com

L

Lead Global Ltd.
448 142nd Street
New York, NY
Phone: (646) 513-4426
Website: http://www.leadglobalhk.com

M

M&A Securities Group
4151 N. Mulberry Drive, Suite 252
Kansas City, MO 64116
Phone: (660) 530-8078
Fax: (567) 429-0445
Website: http://www.masecgroup.com

N

NT Financial Services
808 Broadway, #11
New York, NY 10003
Phone: 212-247-1708
Fax: 212-937-3669
Website: http://www.ntfinancialservices.net/ (The domain is suspended.)

O

Oasis Mergers & Acquisitions
1501 Heritage Ln
Florence, SC 29505
Phone: 843-432-1352
Fax: 843-413-4893
Website: http://www.oasisma.us

P

Plutus Private Equity LLP
1 Mystic View Road
Boston, MA 02149
Website: http://plutuspe.com/

S

Sheppard Capital Partners
7 South 16th Street
Philadelphia, PA 19103
Phone: 267-861-0723
Fax: 267-543-5706
Website: http://sheppardcp.com
Strategic Private Equity LLC
103 E 29th street
New York, NY 10016
Phone: (212) 808-0486
Website: http://www.strategicpe.com

T

Taxwise Consultants
13-15 West 28th Street, Level 4
New York, NY 10001
Phone: (212) 796-0786
Fax: (646) 786-4598
Website: http://www.taxwise.org
The Firm Inc., a.k.a. The Ottoman Group
590 Madison Avenue, 21st Floor
New York, NY 10022
Phone: 917-521-4137
Website: http://thefirmincorp.com/

U

Uinvest, Inc.
9595 Wilshire Blvd, Suite 900
Beverly Hills, CA 90212
Phone: 800-861-8468, 310-860-6971
Website: https://uinvest.com.ua

W

Walters and Reed
100 W. 10th Street
Wilmington, DE 19801
Phone: 302-966-0161
Website: http://www.waltersreed.com

&

9440 Wilshire Blvd, Floor 14 and 15
Beverly Hills, CA 90212
Phone: 213-325-5124

Westgate Consulting Group
23 Park Place
New York, NY 10007
Phone: 646-893-0942
Fax: 646-304-1228
Website: http://www.westgateconsultinggrp.com
Westhill Partners, Inc.
271 Madison Avenue
New York, NY 10016
Phone: 212-796-5514
Fax: 212-504-2770
Website: http://westhillpartners.us

WARNING: Stock market gearing up to become simulated

My daughters economics class signed up for simulated stock market accounts. I checked it out discovered its a site designed to have high school students compete within their own class or with outsiders. The market is set up just like forex- following its general movements.

While they currently are calling simulated stock market trading a “Game”  I believe its leading to the same set up as retail Forex trading.

Why do I believe this?  METATRADER is the platform being used. It means not only are all the programs in place – they’ve been testing them using students. Its only a matter of time before they alter the definition of stock market trading to mean “retail” trading = simulated.

*** CHECK YOUR ACCOUNT UPDATES. Any contract updates. They didn’t have to tell people when they switched the market from real to fake with FOREX so they won’t tell anyone when the stock market gets shifted as well. Most contracts say they can change the terms of the contract at any time without notice. And you agreed to it when you signed it.

I’ll research and report what I find shortly.

I do believe the plan of getting high school age people hooked on trading young has backfired. Out of 200+ students in my daughters group- just one was ahead after the first week with a 10k account. 199 students learned that you won’t make money trading stock.  Exactly what they needed to find out!

Watch for updates.

THE METHOD EXPLAINED

The method I created can be considered a language seed- Its used to establish contact and is the core from which each mother and fetus’s language grows. Its a known fact that all communication started out and touch and vocalization- and as the cognitive mind grows- the vocalizations becomes talking. Many people talk to their unborn babies- but it has little or no reliable response.
So why does this method work? It worked because it was ultra simple.Let me explain –
Mothers talk all the time- to everyone.The fetus hears all of it- and after a while- tunes it out. When the mom tries to talk to her fetus- it sounds the same to the fetus. What worked is making a sound that was completely different than the fetus heard all the time. Something they would know was meant for them. The very first time I used it was after a woman in the building I worked in had her fetus die within her- after noticing he has stopped moving- made me get afraid every time my son didn’t move for a long span of time. On this particular day- he was particularly still- I started to panic and started trying to get a response out of him.
For no reason I know of- I made a two tone humming sound- like a door bell (high low- ding dong) Nothing- I made the sound again and nothing, I made it with urgency in my voice and giggled my belly with my hands right after- he responded with a little kick- not satisfied- I made the sound again calmly followed by to strong taps with my finger tips on the underside of my belly knowing the sound and vibration would be felt by him- a waited- then did it again- he responded with a flurry of kicks. I burst out laughing- then stood totally still and made the sound and taptap- his whole body exploded in motion.Again I laughed- I went still again- preparing to do it again- but he beat me to it- I suddenly felt a very distinct flury of little kicks followed by him holding still- I was surprised an just held still- a moment later I was subjected to another flurry of kicks- much more intense – to which I quickly responded with the two tone sound and tap tap- his body exploded into motion then stopped instantly and after a short pause- a little flurry of kicks- I responded- he rewarded me with a big flurry of kicks. And thus it began. From that moment on- my two tone sound would be how I greeted him- how I got his attention when every I wanted. He used a flurry of kicks to get my attention-

How can something so simple develop into a diverse language? Easy- Just like the word “there, their, they’re” sound the same but has different meanings- so can a two tone hum sound and a flurry of kicks. Some examples:

Empathy
He gets the hick ups- after a couple- I make the sound following each hick up- he bursts into a flurry of kicks. The next hick up I only thump my belly twice. He catches on and after the next two hick ups- he does a flurry of kicks- after that we have a new game. He would start it after the very first hick up he’d get. He was extra excited to play the game when I once got the hick ups- even getting frustrated when they stopped after only 4 of them- kicking harder and harder trying to make me have another one.

Reassurance-
The door slammed shut and he totally jumped and was moving all around.- I made the sound and rubbed his back- made the sound over about 3 times- followed by tap tap- until he responded with his flurry of kicks- He then pushed his back out to be rubbed more- leading to the back rub requests

Back rubs
When he wanted to be soothed he would get my attention with a flurry of kicks followed by pushing his back against inside of my belly. At one point his back faced towards my back- and him trying to push his back out for rubbing exposed his little foot he was using to push with- It was so easy to see sticking out that I playfully grabbed it gently -and held on for a second when he tried to pull it back- which led to the tug-o-foot game.

Tug-o-foot game
This became his favorite game. He would get my attention with his flurry of kicks the push his foot way out and slide it slowly across my belly- wanting me to grab it. If I didn’t- he’d flurry kick and try again. I’d make the sound and grasp his foot- he’d pull against my grip and I’d let go. If I let go too fast I’d get a sharp kick to my stomach! He wanted to get to tug hard. The down side of this game is he wanted to do it like 50 times in a row. He would want to play at 3am!

fussy help
at times I would feel him being irritated- uncomfortable. His body movement showed frustration- after a while I’d.sound to him and start swinging my belly side to side (with me standing) I’d stop after a few timed and wait- a flurry of kicks meant yes- more- its helping- and I’d continue till he fell asleep. (stopped moving)

Chill out mom!
There were times when I would start laughing too loud at something people were saying and he’d let me know it with a quick flurry of kicks- I’d reply with the sound (like saying- Ok -) followed by some belly swinging

More bass music
listening to a song with a thumping bass followed by a calm song would get and objection flurry of kicks. Playing the right type of song after his objection would get a pushed out foot slide.

These are only a few of the many ways we communicated from 7 1/2 months till he was born.

It was very useful when I went into labor- for 48 hours- 3 min apart 9opened only 1 cm). I used it after each contraction to check in with him- The doctor drugged me for 6 hours to get some sleep- then had me come in for inducing. He continued responding for around 2 of the next 7 hours. I was on demoral. After pushing like 3 times- He picked up a double heart beat and they said he was in trouble-and i needed to get him out fast. I crossed my arms over the top of my belly and used them for leverage to push his head down and out in 1 push.As soon as she said to go ahead and push with the next contraction- I didn’t wait for it- I used my crossed arms instead to push his body out. She lifted him out and placed him face up sideways across my belly. He wasn’t crying. He was just looking up. I wanted to get his attention so without thinking- I made the 2 tone sound-

He rolled from his back to his stomach and lifted his head up off my belly a good inch staring right at me with this surprised kind of stunned look like “its YOU!!!” It was so crazy- the nurse who freaked at him flipping over scooped him up -thinking he was rolling off of me and filled his eyes with goop. I held him for a few minutes after they cleaned him up then they took him away for observation for the next 3 hours. I kept asking them to bring him but they never showed up- I finally had to walk to the nursery and demand they give me my baby- the finally brought him about 30 min after that. He was totally alert but perfectly still. Just from the way he looked at me- I could tell he didn’t like being wrapped up so tight like they do- I loosened the blanket and lay him on his side about 8″ away from my face. He just lay there holding perfectly still for the next 7 hours strait. I fell asleep a few times- woke up to him still looking at me. I’d make the sound and he’d make this little movement with his head. I was worried that he wasn’t blinking enough. Finally after 7 hours- his eyes drooped and he fell asleep. He didn’t cry even once the following day.

Image3 months old. Look at the expression on his face –

Image5 months old.Image

All the nurses kept saying how quiet he was. From the start- he could just look at me a certain way and I’d know he needed something.

FYI- babies never cry because their diaper is wet or soiled- unless they have a rash. Otherwise- they could care less. If a baby cries- its because they are in pain- 99% of the time- hunger pains. 1% gas pain. Hunger pain is 100% avoidable. Its cruel to EVER wait to feed a baby till it starts to cry. Hunger pain sucks as an adult- why make an infant suffer thru it? As soon as they start sucking at the back of their hand- or spit out their pacifier after a few seconds- they need to be fed- now.

Fact- A child that never has to cry to get fed- never learns to use crying to get what they want. Crying is a learned behavior parents create. The only time my babies cried is when they were in pain. They never cried them selves to sleep. Never needed to – “cry it out” I always allowed my children to sleep when they became sleepy- never on a schedule. Wouldn’t you know it- they never got fussy- or over tired or cranky. My son did go thru a phase where he woke up at 4 am at about 4 months old. He was awake and ready to play- He spent a few weeks contently swinging away in the dark talking to him self for 2 hours a night!

FOREX WARNING BLOG- do u want me to keep writing it? is it helping anyone?

I feel like no one cares. Like I’m wasting my time.

If you want me to keep going than please say so.

My whole goal is to try protect people from getting scammed by the whole change in the FOREX market from real to simulated. While 9 thousand people have visited my blog- most come to try put advertising in the comment sections.

I’ve had maybe 25 real comments. Is that all the real readers I’ve had?

If this blog has helped you- please let me know, Gathering the information takes a lot of time and is pointless if no one is making use of it.

COMMENT IF YOU WANT THIS BLOG TO BE CONTINUED….

2,2014 FOREX.COM/GAIN CAPITAL risk statement CRITICAL FACTS -why they are NO GOOD!!

It drives me crazy that people sign these agreements without understanding what they are agreeing to! If you did understand- there’s no way you would sign!

BY SIGNING – YOU HAVE AGREED TO ALLOW THEM TO RIP YOU OFF USING MULTIPLE METHODS TO DO IT AND HAVE ALSO AGREED THAT YOU WONT TAKE ACTION AGAINST THEM FOR DOING IT.

FOREX.COM is GAIN CAPITAL

The following are just some of what you are agreeing to-First- they make sure you know they are working against you and that you cannot trust them. They detail how they will move the market against you and then have you agree with them doing this to you.

copied from the secondary risk statementon feb 20,2014 http://www.forex.com/pdf/secondary.pdf

*****************************************************************

Please understand that all of your capital may be at risk.
FOREX IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE.
AS A MARKET MAKER, FOREX.COM IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, FOREX.COM’S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS
FOREX.COM ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OFFERED MIGHT NOT BE THE BEST PRICES AVAILABLE AND DIFFERENT PRICES MAY BE OFFERED TO DIFFERENT CUSTOMERS.
IF FOREX.COM ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT
FOREX.COM MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE FOREX.COM
ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE
RECOMMENDATIONS YOU RECEIVE FROM FOREX.COM OR ANY OF ITS SOLICITORS.

I have read, and understand the Risk Disclosure

INTERPRETATION:

  • You are ONLY trading against your broker.                                                             
  • Your broker can choose to not cover their own exposure- causing the market to swing against you because they will profit more that way. 
  • They control the prices you see+ they are the only other person trading with you therefore- they create the appearance of a market swing- to take your money away from you.
  • They are allowed to manipulate you by providing bad reccommendations.

***************************************************************

Customer Agreement

http://www.forex.com/forex-account-forms.html

4.1.
Pricing Information
.
FOREX.com will make available, by posting on the
FOREX.com Online Trading System , MetaTrader®Online
Trading System or by telephoning the FOREX.com
Trading Desk, Bid Prices and Ask Prices at which FOREX.com
is prepared to enter Foreign Currency Contracts Cross Currency Contracts
, or Metal Contracts with Customer. Each Bid Price or Ask Price shall be for a Spot
Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar based currency pairs involved where applicable
.FOREX.com expects that these prices will be reasonably related to the bid prices and ask prices available in the market at that time for similar transactions, but a number of factors, such as communication system delays, high volume or volatility can result in deviations between prices quoted by FOREX.com and other sources. FOREX.com makes no warranty, express or implied, that Bid Prices and Ask Prices represent prevailing bid prices and ask prices. In addition, these Bid and/or Ask Prices may reflect, at the direction of the Introducing Broker named above, additional pips added to the BID and/or ASK price that may result in an increase of the dealable spread available for the Customer’s account as well as a per trade or per lot commission and/or fees

INTERPRETATION:

They are not obligated to use prices that match what you might find on another site -keeping in mind- everyone makes there own prices and there is no actual market- your still just trading against your broker. Not other customers- meaning “high volume” and “volatility” don’t exist. They create the appearance of that environment at will.

***************************************************************

5.MARGIN REQUIREMENTS

Customer’s Account will be under the control of FOREX.com FOREX.com may change Margin requirements at any time, without prior notice to Customer, and may call for additional Margin (“Margin Call”) at (x) any time Customer’s Margin Balance falls below FOREX.com ’s Minimum Margin Requirement as applied to that Account;and (y) any timeFOREX.com, in its sole discretion, believes that it is prudent to do so.FOREX.com may at any time liquidate Customer’s Account in accordance with Paragraph 9.FOREX.com may withdraw funds from the Customer’s account without notice: (x) to ensure that Posted Margin equals or exceeds Required Margin; and (y) to satisfy any payment obligation to FOREX.com, including commissions,fees and charges in respect of Customer’s Account.

INTERPRETATION:

  • They control your account
  • They can change your margin requirement for no reason at all and
  • They don’t have to tell you before they change it. Furthermore
  • They can liquidate your account if it doesnt meet the new limit
  • and do it without prior notice

You want to know how these companies take peoples money? You sign an agreement that says they can! Who in there right mind would agree to have them get to move your margin limit without warning or notification? Then get to liquidate your account based on the new requirement- without ever notifying you! And they get to do this at their sole discretion- that means they are not required to have any form of valid reason. They can do it just because they feel like it.  They have the freedom to decide what the margin will be at their sole discretion as well- there are no standards they have to follow. They can double your margin requirement, or triple it- well… they will move it exactly enough to make sure you dont have enough in your account to cover it- at the same time swinging the market against your outstanding orders- thereby not only taking all your money- but making it so you then owe them money for the losses that happened when they liquidated.

I dont have time to keep writing this all out-  just read each paragraph carefully-The words that alert you to foul play are as follows

“at it’s sole discretion”  = “just cuz they feel like it” no reason required!

“without prior notice” = They can do it without warning you

“without notice”= they don’t have to tell you they did something- like change the agreement- and continuing to trade = agreeing to the changes they made- but how are you supposed to know changes were made?  exactly!

read these sections carefully!
4.3. Trade Matching
4.5.  Position& Trading Limits (they can control the speed you trade, the number of contracts you can hold- whatever is necessary to keep you from getting ahead.
REMEMBER- their income comes from taking your money. For you to profit- they have to take a loss. Commission is only a tiny recoup of the money they lost- it’s not a profit for them at all. To stay in business- they can’t let you keep any money you win and they have to take your money as well. They are paid to use all these rules to make sure you walk away with nothing. If you have made money- they will make it hard to get it out – while making the market suddenly look favorable- so you will reinvest not just your starting money- but your profits as well- and they keep you winning until you get confident and get close to your margin- then boom- they  move your margin and take everything.
FXCM told me how this is all done. The whole game that is being played on people. He told me (back in 2009) that no one had ever walked away with one dime from them. Every single person that traded with them eventually lost everything- and then some. He was the CEO of the company- warning me not to trade a charity’s money. At least they had enough morals to stop me. While I’m grateful- I took it upon myself to try warn everyone else.
I don’t even know if anyone is being saved by my blog. If anyone even cares that this blog exists. 
If you want me to keep writing this blog- please tell me as a comment.
.
.

July 2013- what your NOT being told: THE FOREIGN EXCHANGEX is becoming a SIMULATED MARKET. (gameing platform)

copied from the investopedia website which is partnered with FXCM!

resource link: http://www.investopedia.com/terms/f/foreign-exchange.asp

________________________________________________________

I checked today to see if there has been any progress in how well the public is being informed about the true nature of “forex” trading. Namely that it is now simulated (fake) trading for all accounts holding less than 10 million dollars.

Instead of progress- they are hiding it down deeper- However some of the previous misleading definitions are still posted on Investopedia.

What is noticeably missing is mention of on vs off exchange currency. They have started top vanish the old meaning of foreign exchange from the foreign exchange its self. All while not telling the public anything!

People FOREIGN EXCHANGE TRADING is no longer real. Its an ONLINE GAMING PLATFORM, Your not trading against other people- your trading against a computer program. A program the broker is able to manipulate as needed to make sure you loose your money. Read the fine print on your trading agreement- you agreed to them doing it! 

_________________________________________________________________

Definition of ‘Forex – FX’
The market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.

Investopedia explains ‘Forex – FX’
There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.

The forex is the largest market in the world in terms of the total cash value traded, and any person, firm or country may participate in this market.
   
Definition of ‘Forex Market’
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.

Investopedia explains ‘Forex Market’

The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.

Definition of ‘Foreign Exchange Market’
The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world.

Investopedia explains ‘Foreign Exchange Market’

Because the currency markets are large and liquid, they are believed to be the most efficient financial markets. It is important to realize that the foreign exchange market is not a single exchange, but is constructed of a global network of computers that connects participants from all parts of the world.

___________________________________________________________________This is all such BULL! Participants are connected to brokers gaming platforms. End of story. WHY DOESNT IT TELL THE TRUTH????   ITS A SIMULATED MARKET ENVIRONMENT!!! 

May 14, 2013 CFTC Orders MB Trading Futures Inc., a Registered Retail Foreign Exchange Dealer, to Pay $200,000 Penalty

cftc

http://www.cftc.gov/PressRoom/PressReleases/pr6588-13

May 14, 2013

CFTC Orders MB Trading Futures Inc., a Registered Retail Foreign Exchange Dealer, to Pay $200,000 Penalty to Settle Charges of Violating Minimal Financial Requirement Rules

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against MB Trading Futures Inc. (MB Trading), a registered Retail Foreign Exchange Dealer (RFED) of El Segundo, California, for failing to comply with minimum financial requirements for registered RFEDs and Futures Commission Merchants (FCMs) that offer or engage in retail off-exchange foreign currency (forex) transactions. MB Trading has been registered with the CFTC as an FCM since February 28, 2006 and as an RFED since September 9, 2010.

Effective October 18, 2010, the CFTC adopted comprehensive new rules to protect individual investors that buy forex contracts from, or sell forex contracts to, forex firms. Under these rules, RFEDs and FCMs that offer or engage in retail forex transactions must at all times maintain adjusted net capital of $20 million, or more in some circumstances, and hold enough assets to meet or exceed their total retail forex obligations to customers. The new rules impose several restrictions on the types of funds that firms can include in their adjusted net capital and asset computations.

According to the CFTC Order, for more than 16 months after adoption of the new rules, between October 18, 2010 and March 1, 2012, MB Trading improperly included certain funds held in four accounts in its adjusted net capital computations. After excluding those funds as required, the Order finds that MB Trading failed to meet its adjusted net capital requirements for 456 calendar days between October 18, 2010 and March 1, 2012.

During the same period, MB Trading also improperly included certain funds held in two of the same accounts, along with funds held in a third account, in its asset computations, according to the Order. After excluding those funds as required, the Order finds that MB Trading failed to hold enough assets to meet or exceed its total retail forex obligation to customers for 501 calendar days between October 18, 2010 and March 1, 2012.

Had these funds properly qualified under the regulations, MB Trading would have complied with its adjusted net capital and asset requirements, according to the Order.

The CFTC Order imposes a $200,000 civil monetary penalty and a cease and desist order on MB Trading for these violations. The Order notes that in settling this matter, the CFTC took into account MB Trading’s cooperation and the corrective action it undertook after its deficiencies were discovered.

The CFTC appreciates the assistance of the National Futures Association.

CFTC Division of Enforcement staff responsible for this action are Stephanie Reinhart, Melissa Glasbrenner, William Janulis, Scott Williamson, Rosemary Hollinger, and Richard Wagner. Tom Bloom, Kurt Harms, Justin Beebe, and Lauren Fulks of the CFTC’s Division of Swap Dealer and Intermediary Oversight also assisted in this matter.

 

Last Updated: May 14, 2013