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US regulatory authorities — CFTC and NFA — proposed a new initiative today. The main idea of their proposal is to monopolize the retail Forex market by the government. All the existing registered US brokers should be nationalized and, as a result, a single Washington-controlled foreign exchange dealing body is to be created. …

It’s not a news anymore that CFTC has sued 14 foreign brokers (and IBs) on January 26 in what they call a ”nationwide sweep”. But only now I’ve really understood how stupid it all is, and not without the help of CFTC representatives (kudos to them for that!).

According to the …

In our previous article, we covered the story of Russell Cline and how he scammed his investors off $16 million that he used to enrich his own lifestyle. Today, we bring you the story of another such person named Richard Matthews Jr., who pooled in over $30 …

Cheats and fraudsters abound in the world, and the foreign currency investment market has seen its share of conmen over the years. In fact, there have been a few scams of such magnitude in this market that will make you think twice before believing in any new get-great-returns-fast scheme.

Orion International and Russell …

The U.S. Commodity Futures Trading Commission (CFTC) has put up a new regulatory proposition for the market participants to discuss. In addition to the capital, regulatory and risk-disclosure requirements, the FCMs (futures commission merchants) and RFEDs (retail foreign exchange dealers) will be limited to 1:10 leverage maximum. Considering the popularity of 1:100 leverage in the on-line …

I’ve added a new MetaTrder 4 Forex broker to the Forex brokers section today — iTradeFX. It’s not a new broker to the on-line market, in fact it offers trading services since 2004, but it is a new broker to my site. iTradeFX has its own trading platform — WinTrader …

Royal Forex Trading is a relatively new broker that started its services in the end of 2006. It supports Metatrader 4 trading software, but it has not many features to attract Forex traders — $300 minimum deposit (which is not very low compared to some other brokers…

RCG fxtrader doesn’t possess any significant advantages the contemporary Forex brokers try to possess or at least claim. It even has disadvantages that are too unpopular nowadays — no mini Forex (you can start only with a minimum $5,000), no Metatrader 4 support, no other payment …

SNC Investments is a MetaTrader Forex broker that allows deposits via Wire Transfer, checks and BPS (Broker Processing Service). They utilize a customized version of MT4 platform; though, it is fully compatible with Metatrader (so the expert advisors should work with it without any …