The home address of JadeFX owner "Jacob" has been confirmed by the Wisconsin Department of Financial Institutions: Link (site offline for maintenance, here's a screenshot) According to another forum thread, his corporate bank account is at Wells ...

JadeFX Lesson

It's likely the CFTC has thought that far ahead and frozen all of their accounts. I would advise all JadeFX clients to call the CFTC and get the real story, not rely on the made-up BS that the JadeFX owner is spewing. Their beef seems to be just ...

JadeFX Lesson

Good luck finding one of their 58 clients here.

Advanced Markets or AMIFX

Appears he's upgraded to finer accommodations down the street from the Days Inn and next to Aunt Jenny's Got It All Shop. Jade Investments Group LLC 1009 Stand Rock Road Wisconsin Dells, WI 53965-9205 (608) 253-0020 Link That's an up-to-date address ...

JadeFX Lesson

"Based in Belize" eh? Location Wisconsin Dells, WI, USA url JADEFX ( JADE INVESTMENTS GROUP , LLC) 115 Forest Drive , Suite 1007 Wisconsin Dells, WI , 53965 USA Telephone: 1-608-253-0282 Surprise, your tight spread ...

JadeFX Lesson

Not difficult to comprehend at all. They clearly want to use client deposits to pay their legal bills, or simply run off with the cash altogether. This should be a warning to anyone considering trading with a shady broker.

JadeFX Lesson

They either had US clients or a US presence (US owners, etc). Definitely one of the two, or both.

JadeFX Lesson

Their disclosure document states that not all trades are STP'd (therefore some are internally bucketed). What more proof do you need?

Dukascopy

They're correct. Your interpretation of them is incorrect.

Dukascopy

The fee is 2% of notional amount traded? Are you sure? That seems awfully high to me..

Anyone else banned from Currensee threads?

They still have discretion over STPing each trade or bucketing it in-house. Just b/c they can bridge 100% of client trades thru Integral, doesn't mean they have to or indeed do so.

CitiFX or FinFX - Convince me

It may not have been the 20M net cap, but the timing of the sale/closure was right in line with the net cap requirement. It was either purely coincidental, or to some degree related. Though true, a firm such as theirs would have have little problem ...

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...

True, FXr was a great platform. The retail world didn't need the loss of a reputable ECN. I believe the CFTC decided for them. HS likely felt selling their clients to FXCM and concentrating solely on institutional was a better route than the $20M ...

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...

Can't help you there. I don't believe the spread/liquidity at Hotspot varies based upon the credit of your prime as you mentioned (I know it can differ on other institutional platforms, but not sure about Hotspot). Your best bet is to call Hotspot ...

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...

CitiFX and dbFX aren't regulated by the CFTC, they're regulated by the SEC & FINRA. That being said, they fall outside of the 50:1 leverage restriction. dbFX offers 100:1, and CitiFX may be negotiable (not sure). If you want high leverage, ...

CitiFX or FinFX - Convince me

FDIC protected up to $250k, that should quell some concerns.

CitiFX or FinFX - Convince me

True. Their prime offering was $100k as-of 2008, but it did indeed increase to $1M. I think you can still get thru to them via a 2nd/3rd tier prime like ADM or FC Stone for a reasonable amount (~$250k). Right, but that was only on their now-defunct ...

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...

CitiFX - deposits FDIC insured, company is highly regulated, very long firm history FinFX - deposits not insured, company is not regulated, very short firm history That about sum it up? edit - if not.. CitiFX - a gigantic global bank FinFX - 2-3 ...

CitiFX or FinFX - Convince me

Almost 100% certain. That was their big selling point when they first launched, that and being one of the first inst. platforms to quote in sub-pip increments.

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...

Good point, however the only real liquidity on the typical ECN is that which is posted by clients. With that being said, the ECN category should really be broken into two sub-categories: ECN-STP (IB, MBT, Duka, Delta, FXCM AT, all Currenex brokers, ...

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker...