Proposed NFA Capital Requirement - page 31
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CFTC Cap Number Time
The new CFTC Numbers Are Out. Here they are:
Financial Data for FCMs
Above $20 Million
Oanda $159,786,916
RJ O'Brien $101,983,527
FXCM $81,150,191
GFT Forex $68,407,128
Gain Capital $66,579,458
I Trade FX $35,037,710
Interbank FX $25,733,263
Below $20 Million
PFG $17,986,053
FX Solutions $16,140,253
CMS $13,726,169
ODL $12,639,482
GFS Forex $10.4
IFX $12,343,198
CMC $8,773,706
Alpari $9,001,039
Ikon $8,271,674
Easy Forex $7,799,807
Hotspot $7,675,145
MB Trading $8,015,568
Friedberg Mercantile $7,985,613
Forex Club $7,639,479
Money Garden $6,367,331
Bacera $5,554,498
Advanced Markets $5,239,792
Good effort by the Swiss, we will see how many brokers actually want to do business. Thanks forexsaviour for bring up this important information.
Its good to see that GAIN appears to be in good shape. I am looking for another MT4 based broker that is healthy. I am using IBFX right now but want to add another just in case.
I was looking at Velocity4x becaue I think they are an IB for Forex.com which is a division of GAIN. Can anyone confirm this or have another suggestion on which MT4 broker is healthy? Thanks!
Lep
Its good to see that GAIN appears to be in good shape. I am looking for another MT4 based broker that is healthy. I am using IBFX right now but want to add another just in case.
I was looking at Velocity4x becaue I think they are an IB for Forex.com which is a division of GAIN. Can anyone confirm this or have another suggestion on which MT4 broker is healthy? Thanks!
LepActually, I believe Velocity4x was taken over by Gain after falling foul of NFA rules which is a nice example of what these new capital requirements rules from the NFA are for. To allow the big few to swallow up their nearest competition.
Actually, I believe Velocity4x was taken over by Gain after falling foul of NFA rules which is a nice example of what these new capital requirements rules from the NFA are for. To allow the big few to swallow up their nearest competition.
lndeed that is what I understood as well. My interest in Velocity4x stems from the fact that they are under the GAIN umbrella. I realize they are simply an IB for GAIN, but I am looking for an MT4 based broker that is backed by big money like GAIN and comply with NFA regulation. I currently have accounts with IBFX, MBtrading and FXCM but I am looking to start another large (well, large for me) account with a MT4 broker and wanted to make sure I used the safest available option.
I've been burned by FXLQ and I want to avoid that again if possible.
forexsavior,
Firstly, Thanks for your extremely informative updates.
Do you think it is safer now for a trader in the USA to send their money abroad to a Swiss dealer now than before the new reg...
What Swiss firms might you list that are in in the top 5?
ES