Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 37
 0 Attachment(s)    

Thread: OBAMA KILLS US FOREX

  1. #21
    Member
    Join Date
    Jan 2009
    Location
    Austria
    Posts
    325

    Default

    Quote Originally Posted by BillR View Post
    Yes Dude... YOU SHOULD read...and understand....If they register they must obey same FIFO, No Hedge ...shit leverage as US brokers! The US is now regulating the rest of the world Forex brokers...glad you're happy at that thought. You're an F'ing idiot.
    Bill, partly correct, but the heart of forex is located in england/london, us rules are not active in (eastern) europe, asia and offshore - would never be active, because all big us banks have offices in london city too - this a political silly us symptom...to control everything (world police, oil, ...) i couldnt believe that "deutsche bank", "barcleys", "royal bank of scotland" and other big players would accept the us rules one day, because the would loose to many investors and money - hint: alpari uk now accepts us customers!
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  2. #22

    Default

    Hi IX,
    I think you will see Alpari UK will transfer UK accounts to US as of Oct 18. Other brokers that opened/have offshore affiliates have already given this notice... (FXCM, IBFX etc.)
    Bill

  3. #23
    Member
    Join Date
    Jan 2009
    Location
    Austria
    Posts
    325

    Default

    Quote Originally Posted by BillR View Post
    Hi IX,
    I think you will see Alpari UK will transfer UK accounts to US as of Oct 18. Other brokers that opened/have offshore affiliates have already given this notice... (FXCM, IBFX etc.)
    Bill
    Hi Bill,

    why should Alpari UK transfer UK accounts to Alpari US? i couldnt see any reason

    i tend, Alpari US will move US accounts to Alpari UK!

    IX
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  4. #24

    Default

    Hi IX
    They will likely transfer their US based accounts that are at Alpari UK back to Alpari US to be in compliance (not others..UK accounts etc). All the accounts that went from FXCM US to FXCM offshore...and IBFX US to IBFX offshore...when the FIFO, No Hedge and lower leverage initailly changed are being returned back to US. Nothing would make me happier than to have a X00 to 1 leverage, Hedge allowed, Alpari UK account for years to come.
    Bill

  5. #25

    Default

    bone,

    Just leave this guy alone, let his anger eat him alive, he can't write anything without insulting you, if you try to prove him wrong of course. Apparently he can't understand the relation between "counterparties" and "Straight Through Processing system" and for that reason he will never understand as to why some foreign brokers will be able to offer their services to Americans without any stops from CFTC. Just look how this forex broker (I believed based in the US) will stay out of these rulings, TheCollectiveFX just read the DODD-Frank Update at the bottom of the page. This guy is a lost case, sorry gave up on him.

  6. #26

    Default

    This a copy of a post from forexfactory which I found interesting:

    Below is an US law firm's interpretation of the regulation:

    .......Further, there is nothing in the final rules which makes it illegal for U.S. retail forex traders to seek additional leverage from abroad. Given the lack of an express prohibition, so long as U.S. retail forex traders abide by U.S. tax laws, it seems unlikely that the CFTC would make any attempt to pursue these individuals. However, because many of the larger forex intermediaries have U.S. operations and many of the established intermediaries will want to avoid conflict with the CFTC, retail clients should probably be wary of those counterparties willing to offer them additional leverage.......

    Investment Law Group - A New Era of Regulation for the Over-the-Counter Retail Forex Market

  7. #27

    Default

    Idude... IX and I have been friends for some time...I respect his insights......yours I do not.
    Idude says...
    .......Further, there is nothing in the final rules which makes it illegal for U.S. retail forex traders to seek additional leverage from abroad. Given the lack of an express prohibition, so long as U.S. retail forex traders abide by U.S. tax laws, it seems unlikely that the CFTC would make any attempt to pursue these individuals. However, because many of the larger forex intermediaries have U.S. operations and many of the established intermediaries will want to avoid conflict with the CFTC, retail clients should probably be wary of those counterparties willing to offer them additional leverage.......

    Reality IS....DIRECTLY FROM THE CFTC THIS IS A QUOTE !!!

    Second, although foreign banks are currently able to offer to serve as counterparties, the recently pass Wall Street Reform and Consumer Protection Act has once more amended Section 2(c)(2)(B) eliminating the provision permitting foreign banks to serve as counterparties. This change will be effective in July of 2011.

    It would be fiscal insanity to use an offshore bucket shop.... I doubt there would be any profit to tax...
    Last edited by BillR; 09-29-2010 at 19:24.

  8. #28

    Default

    Now you are learning how to behave yourself for the first time you were able to reply without any insults. Now let's go back to "Straight Through Processing system" that's right Bill there are no counterparties involved. Where there is a will there's a way Bill!

  9. #29
    Member
    Join Date
    Jan 2009
    Location
    Austria
    Posts
    325

    Default

    guys, please activate your open minds! each human can have its own opinion, as long there is no violence!

    idude, yes i know Bill many months, i respect his opinion, i respect others sight too, regardless of color, iq, eq, political direction, or something else (no violence accepted). as a forex, futures and options trader since 15 years + 20 years self employment, i know what economy is and yes i can realize when something is going wrong.

    so if we went back to the thread subject, i say, obama is good man but he is not an economist, therefor he is not the right man for this time now - the markets tells you, as i noted earlier. he's activity is political oriented (for 2nd election) but usa needs an economist as leader.

    i think its useless to debate if cftc or obama kills forex (the market) - there is only one way to show obama, fed, cftc etc. how wrong they are - investors, retailers, wholesalers should withdraw their us money in full, if this happens usa is a dark world...back to the mesolithic...
    so i suggest:
    - us retailers go to europe (billions swap to europe)
    - us wholesalers buy in asia (the us domestic market decrease more and more)
    - us investors go to europe, asia or offshore (us cant establish new jobs, home sales, banks are under pressure)
    regardles if financial, construction or something else

    tradingsystemforex is a forex forum to beat the big boys, so we should put all our power in this direction - make money/pips for free living - how, why, where each human will or should be!

    Open Minds!

    my 2c

    IX
    Last edited by ixbone; 09-29-2010 at 23:57.
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  10. #30

    Default

    Obama signed the Dodd-Frank Wall Street Reform Act which is a comprehensive reform of the financial industry, including OTC products such as forex.

Similar Threads

  1. Obama announces that the U.S. are building Iron Man
    By fxtester in forum General discussion
    Replies: 0
    Last Post: 03-09-2014, 17:24
  2. Obama's response to the question about nuclear war
    By fxtester in forum General discussion
    Replies: 0
    Last Post: 03-08-2014, 18:52
  3. Barack Obama - president of the USA
    By funyoo in forum Economy
    Replies: 33
    Last Post: 10-28-2013, 07:27
  4. Replies: 0
    Last Post: 09-19-2008, 10:42

Tags for this Thread

2011, alpari, alpari uk, broker, brokers, change, color, copy, currency pairs, demo, eas, eur, eur/usd, expert, fifo, forex, forex accounts, forex broker, forex brokers, forex trader, forex trading, free, german, gold, hedge, high, home, how to, index, news, nfa, offer, profit, real, sales, security, system, time, trader, trading, trading forex, usd

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •