Tagged: off line trading

CITIFX PRO risk disclosure proving it’s FAKE TRADING, AN ONLINE GAME THEY CONTROL

CITIFX PRO FOREIGN CURRENCY ACCESS AND TRADING ACCOUNT

RISK DISCLOSURE STATEMENT                 sep 20 2012   

Retail forex transactions involve the leveraged trading of contracts denominated in foreign currency with a national bank as your counterparty. Because of the leverage and the other risks disclosed here, you can rapidly lose all of the funds or property you pledge to the national bank as margin for retail forex trading. You may lose more than you pledge as margin.

If your margin falls below the required amount, and you fail to provide the required additional margin, your national bank is required to liquidate your retail forex transactions. Your national bank cannot apply your retail forex losses to any of your assets or liabilities at the bank other than funds or property that you have pledged as margin for retail forex transactions. However, if you lose more money than you have pledged as margin, the bank may seek to recover that deficiency in an appropriate forum, such as a court of law.

You should be aware of and carefully consider the following points before determining whether retail forex trading is appropriate for you.

  1. Trading is not on a regulated market or exchangeyour national bank is your trading counterparty and has conflicting interests. The retail forex transaction you are entering into is not conducted on an interbank market nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with your national bank as the counterparty. When you sell, the national bank is the buyer. When you buy, the national bank is the seller. As a result, when you lose money trading, your national bank is making money on such trades, in addition to any fees, commissions, or spreads the national bank may charge.
  2. An electronic trading platform for retail foreign currency transactions is not an exchange. It is an electronic connection for accessing your national bank. The terms of availability of such a platform are governed only by your contract with your national bank. Any trading platform that you may use to enter into off-exchange foreign currency transactions is only connected to your national bank. You are accessing that trading platform only to transact with your national bank. You are not trading with any other entities or customers of the national bank by accessing such platform. The availability and operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is governed only by the terms of your account agreement with the national bank.
  3. You may be able to offset or liquidate any trading positions only through your banking entity because the transactions are not made on an exchange or regulated contract market, and your national bank may set its own prices. Your ability to close your transactions or offset positions is limited to what your national bank will offer to you, as there is no other market for these transactions. Your national bank may offer any prices it wishes, including prices derived from outside sources or not in its discretion. Your national bank may establish its prices by offering spreads from third-party prices, but it is under no obligation to do so or to continue to do so. Your national bank may offer different prices to different customers at any point in time on its own terms. The terms of your account agreement alone govern the obligations your national bank has to you to offer prices and offer offset or liquidating transactions in your account and make any payments to you. The prices offered by your national bank may or may not reflect prices available elsewhere at any exchange, interbank, or other market for foreign currency.
  4. Paid solicitors may have undisclosed conflicts. The national bank may compensate introducing brokers for introducing your account in ways that are not disclosed to you. Such paid solicitors are not required to have, and may not have, any special expertise in trading and may have conflicts of interest based on the method by which they are compensated. You should thoroughly investigate the manner in which all such solicitors are compensated and be very cautious in granting any person or entity authority to trade on your behalf. You should always consider obtaining dated written confirmation of any information you are relying on from your national bank in making any trading or account decisions.
  5. Retail forex transactions are not insured by the Federal Deposit Insurance Corporation.(FDIC)
  6. Retail forex transactions are not a deposit in, or guaranteed by, a national bank.
  7. Retail forex transactions are subject to investment risks, including possible loss of all amounts invested.

Finally, you should thoroughly investigate any statements by any national bank that minimize the importance of, or contradict, any of the terms of this risk disclosure. These statements may indicate sales fraud.

This brief statement cannot, of course, disclose all the risks and other aspects of trading off-exchange foreign currency with a national bank.

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GAIN CAPITAL  (FOREX.COM)(GAIN GTX)

trades OFF-EXCHANGE= simulated trading= FAKE

____________________________________________________________________________________

Gain Capital

(PLEASE READ WHOLE POST AS IT INVOLVES INSTITUTION LEVEL TRADING AS WELL)

Risk Warning

Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction,(=FAKE/SIMULATED TRADING) including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

Our Businesses

White Label Services

Leverage GAIN’s technology and market making expertise to establish an online presence in new asset classes quickly and cost effectively.

White Label Platform Choice
Sophisticated Trading PlatformsTrade up to 45 of the most popular currency pairs including gold and silver trading. West Texas Intermediate (WTI) and Brent Crude Oil (BCO) trading is also available in certain markets.

  • FOREXTrader PRO – Our award winning proprietary trading platform can be fully customized with your brand. It is our most robust trading platform featuring advanced customization features and a full suite of pro level tools delivered in a rich, highly intuitive environment for maximum performance.
  • MetaTrader 4 – GAIN fully supports the popular MetaTrader platform. Fully integrated with our back office applications, your clients can benefit from GAIN’s quality execution and clearing services.
Supporting Tools and ServicesOur offering doesn’t stop with just a robust award-winning platform, we know what it takes to make a complete offering. As part of the GAIN WL offering, you will also get:

  • Advanced charting tools
  • Proprietary and third party market research
  • Full or partially outsourced client services and sales support
  • Branded practice accounts
  • Educational and learning tools and resources

FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). (=REGISTERED WITH THE FAKE TRADER ASSOCIATION) Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. *Increasing leverage increases risk.
© 2012 FOREX.com

Risk Warning

Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction,(=FAKE/SIMULATED TRADING) including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
*****************************************************************

GTX – Forex ECN

FOREX ECN

Trade
client 2 client

with deep liquidity on our institutional ECN

True ECN              (***THEY TRY MAKE IT SOUND LIKE ITS REAL)

GAIN Capital’s GTX is an independent and innovative ECN for institutions and professional traders.

With GTX Direct, eligible clients without pre-existing PB relationships may take advantage of GTX’s diverse and deep liquidity, leveraging GAIN Capital’s own prime brokerage relationships with major FX banks, Trade on liquidity from a wide variety of market participants on a fully anonymous basis, with ultra-tight spreads and transparent pricing via full depth of market (DOM).

Unique client-to-client trading experience

GTX Direct widens your access beyond traditional Bank Liquidity Providers (LPs), allowing your orders to interact with all GTX participants – a group which incorporates global banks, hedge funds, and professional traders.

(*****HOWEVER- AT THE BOTTOM OF THE PAGE THEY TELL THE TRUTH)

GTX Direct is offered by GAIN GTX, LLC. , GAIN GTX, LLC acts as legal counterparty to GTX Direct customer trades. 

THEY ARE THEIR OWN COUNTER PARTY- EVEN AT THE INSTITUTIONAL LEVEL! minimum deposit is 100,000!

********************************************************************************************************8

fake trading list: IKON GLOBAL MARKETS, METATRADER 5, PFG, FXCM, AVATRADER, or AVAFX, ONADA, ZECCO FOREX, FOREX.CO, GAIN CAPITAL, eTRADE, INVESTTECHFX, FXDD

Black list of fake trading sites. Traded off-exchanghe, SIMULATED trading aka FAKE trading: AVOID THESE COMPANIES if your already with them CLOSE YOUR ACCOUNT NOW! (expect to fail to get any money back from them at all)

IKON GLOBAL MARKETS
METATRADER 5
PFG
FXCM
AVATRADER  or AVAFX
ONADA
ZECCO FOREX
FOREX.CO
GAIN CAPITAL
ETRADE
INVESTTECHFX
FXDD

CHARLES SCHWAB activetrader                                                                                                E-TRADE                                                                                                                                  IGINDEX                                                                                                                     IAMFX/FOREX HOSTER                                                                                       YOUTRADEFX

______________________________________________________
real but practice bad business methods or are failing to give money back out of accounts.
SCOTTRADE
YOUTRADEFX
KNIGHT HOTSPOT FX

FOREX.com is a division of GAIN Capital Group, LLC

FOREX.com is a division of GAIN Capital Group, LLC

AND GAIN CAPITAL IS OFF EXCHANGE = not real trading

2012 OANDA Corporation “Trading off-exchange foreign exchange on margin…”

________________

ONADA IS OFF EXCHANGE = not real trading

NFA FOREX INVESTOR ALERT FEB 07-Forex transactions are not traded on an exchange.

NATIONAL FUTURES ASSOCIATION
FOREX INVESTOR ALERT
FEBRUARY 2007

In August 2003 NFA issued an Investor Alert discussing the risks of trading in the retail off-exchange foreign currency (forex) market. Since that time, participation in forex trading by retail investors has increased dramatically. There are current 37 active Forex Dealer Members registered with NFA. These 37 firms hold over $800 million in customer funds.

Unfortunately, the amount of forex fraud has also increased dramatically. Since 2001, the Commodity Futures Trading Commission (CFTC) has filed 93 enforcement actions in federal court against hundreds of firms, owners and employees for defrauding over 25,000 customers who lost over $395 million in forex schemes. In addition, NFA has taken enforcement actions against a number of its Forex Dealer Members.

It is critical, therefore, that individuals who are considering participating in the forex market understand the risks associated with this product and conduct due diligence before making any investment decisions.

  • Although forex dealers must be regulated, firms and individuals can solicit retail accounts for forex dealers and manage those accounts without being subject to any regulatory requirements. There are currently more than 2,000 such firms and individuals. If you are contacted by one of them, either through a telephone call, an e-mail message or a Web site, find out if they are regulated. If they are not, you may be exposed to additional risks.
  • Be aware of investment schemes that promise significant returns with little risk. Be very cautious and closely monitor any investment you do make.
  • Because the forex market is volatile, fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your forex contract and the potential profit and losses relating to it.
  • Only a relatively small amount of money can enable you to hold a forex position for much more than the account value. This is referred to as leverage or gearing. If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire initial deposit and the liability for additional losses.
  • Forex transactions are not traded on an exchange. Therefore, under the U.S. Bankruptcy Code, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy.

For additional information on retail forex trading, you should consult NFA’s brochure, “Trading in the Retail Off-Exchange Foreign Currency Market: What Investors Need to Know.” NFA has also developed a Forex Online Learning Program, an interactive self-directed program explaining how retail forex contracts are traded, the risks inherent in forex trading and steps individuals should take before opening a forex account. Both the brochure and the online learning program are available at no charge to the public in the Investor Learning Center section of NFA’s Web site (http://www.nfa.futures.org).

As mentioned above, retail off-exchange forex trading carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose all of your initial investment and be liable for additional losses. Therefore, you should not invest money that you cannot afford to lose. Be aware of all the risks associated with forex trading and make an informed decision after consulting with your financial advisor and considering your own financial situation and objectives.

NFA and the CFTC encourage members of the public to bring to our attention any suspicious activities involving foreign currency investments or suspicious Internet Web sites. Contact NFA’s Information Center at 1-800-621-3570 or file a complaint through NFA’s Web site (http://www.nfa.futures.org/basicnet/Complaint.aspx). Contact the CFTC at 1-866-366-2382, visit the CFTC’s Customer Protection Web page (www.cftc.gov/cftc/cftccustomer.htm) or fill out the CFTC’s Internet Report Form (www.cftc.gov/enf/enfform.htm).

NFA is a self-regulatory organization subject to oversight by the CFTC. NFA’s primary mission is to protect investors and maintain market integrity.

______________________________________________________

This alert was copied from the official NFA website.

FOREX currency trading is an ONLINE GAME = not real

Test account trade report results showing 97k gain on a 50k account
in 69 minutes of total trading time- spread out over a couple days

It shocks me that the general public- all those FOREX traders- still don’t understand that what they are NOT TRADING ON THE FOREIGN EXCHANGE.

FACT: You are playing an online game your broker company created themselves and have control over. The only people involved in every transaction is you and the person controlling the game.

The prices, the movement of the market, the amount of trade volume is ALL FABRICATED by them. They promise only to attempt to reflect the current trading market conditions. THEY ARE THE COUNTER PARTY to every trade you make.

The only way you can win money is if they are loosing money- They are in the business of making money- not giving it away. The ONLY reason they allow you to win up to 1/2 of your total investment- is to expand your margin enough to position themselves to take everything.  I had a conversation about this with the head ceo of FXCM.  He told me- bottom line- no one ever walks away with more than they started with.  And 90% will walk away having lost everything. They make sure of it. Fact is- when you sign the trade agreement- you agreed to allow them to do it.  They count on the fact that you don’t read the whole risk statement. They make it 80 pages long and hide the details in the 5th to last page.

Some dont even bother hiding what they do –
example:

This is   CITIFIX PRO’s  actual disclosure – as of sep 20 2012

________________________________________________________

CITIFX PRO FOREIGN CURRENCY ACCESS AND TRADING ACCOUNT RISK DISCLOSURE STATEMENT

Retail forex transactions involve the leveraged trading of contracts denominated in foreign currency with a national bank as your counterparty. Because of the leverage and the other risks disclosed here, you can rapidly lose all of the funds or property you pledge to the national bank as margin for retail forex trading. You may lose more than you pledge as margin.

If your margin falls below the required amount, and you fail to provide the required additional margin, your national bank is required to liquidate your retail forex transactions. Your national bank cannot apply your retail forex losses to any of your assets or liabilities at the bank other than funds or property that you have pledged as margin for retail forex transactions. However, if you lose more money than you have pledged as margin, the bank may seek to recover that deficiency in an appropriate forum, such as a court of law.

You should be aware of and carefully consider the following points before determining whether retail forex trading is appropriate for you.

  1. Trading is not on a regulated market or exchange—your national bank is your trading counterparty and has conflicting interests. The retail forex transaction you are entering into is not conducted on an interbank market nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with your national bank as the counterparty. When you sell, the national bank is the buyer. When you buy, the national bank is the seller. As a result, when you lose money trading, your national bank is making money on such trades, in addition to any fees, commissions, or spreads the national bank may charge.
  2. An electronic trading platform for retail foreign currency transactions is not an exchange. It is an electronic connection for accessing your national bank. The terms of availability of such a platform are governed only by your contract with your national bank. Any trading platform that you may use to enter into off-exchange foreign currency transactions is only connected to your national bank. You are accessing that trading platform only to transact with your national bank. You are not trading with any other entities or customers of the national bank by accessing such platform. The availability and operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is governed only by the terms of your account agreement with the national bank.
  3. You may be able to offset or liquidate any trading positions only through your banking entity because the transactions are not made on an exchange or regulated contract market, and your national bank may set its own prices. Your ability to close your transactions or offset positions is limited to what your national bank will offer to you, as there is no other market for these transactions. Your national bank may offer any prices it wishes, including prices derived from outside sources or not in its discretion. Your national bank may establish its prices by offering spreads from third-party prices, but it is under no obligation to do so or to continue to do so. Your national bank may offer different prices to different customers at any point in time on its own terms. The terms of your account agreement alone govern the obligations your national bank has to you to offer prices and offer offset or liquidating transactions in your account and make any payments to you. The prices offered by your national bank may or may not reflect prices available elsewhere at any exchange, interbank, or other market for foreign currency.
  4. Paid solicitors may have undisclosed conflicts. The national bank may compensate introducing brokers for introducing your account in ways that are not disclosed to you. Such paid solicitors are not required to have, and may not have, any special expertise in trading and may have conflicts of interest based on the method by which they are compensated. You should thoroughly investigate the manner in which all such solicitors are compensated and be very cautious in granting any person or entity authority to trade on your behalf. You should always consider obtaining dated written confirmation of any information you are relying on from your national bank in making any trading or account decisions.
  5. Retail forex transactions are not insured by the Federal Deposit Insurance Corporation.(FDIC)
  6. Retail forex transactions are not a deposit in, or guaranteed by, a national bank.
  7. Retail forex transactions are subject to investment risks, including possible loss of all amounts invested.

Finally, you should thoroughly investigate any statements by any national bank that minimize the importance of, or contradict, any of the terms of this risk disclosure. These statements may indicate sales fraud.

This brief statement cannot, of course, disclose all the risks and other aspects of trading off-exchange foreign currency with a national bank.

_____________________________________________________________
They spell it out EXACTLY like it is.  Obviously- if anyone actually read this- they wouldn’t bother trading.

Like they said ALL ON LINE FOREX PLATFORM TRADING  is OFF EXCHANGE.

NOT REAL   NOT REAL

YOU ARE PLAYING A GAME AGAINST THE GUYS WHO WROTE THE PROGRAM therefore- they will NEVER let you earn money and keep it.  They will ALWAYS take it back.

It doesn’t matter how big your account is- hundreds, thousands, millions. ITS STILL A GAME. A game you will loose- because they are making the market appear to go up and down at will.

want me to research the platform your using? request as a comment and I’ll post the results to this page- however- all you need to do is look for the “risk” statement or under terms and conditions- both of which can be found in tiny print at the bottom of the sites home page.