Recent content by Mtdarkness82

  1. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Ok I will say that I would like to see some more protection for clients. As a small trader, a loss foot me is much more financially damaging than someone with more money spread out. So, sure we would all like to know our money is protected. I'm not saying some kind of insurance wouldn't be...
  2. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    1. It's not an ideological stance that people try to use their government to protect them from things they should be responsible for themselves. It is ideological that people like me believe that a more responsible investment culture, not more regulation and control by the government, is the way...
  3. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Actually, it really is about closed mindedness. There is no apples to apples comparison. That's a cop out and you know it. What are you going to compare binary options to? IIRC, you're the one who brought up vanilla options and spreads. If binary options are apples, Vanilla option spreads...
  4. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Wow, I completely forgot about this thread. After Moka's accusations and mudslinging about my so called "ambiguity" after trying to consistently have a decent and polite conversation, I just decided not to talk anymore. No point in trying to have a real conversation with someone that isn't...
  5. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Just read about options spreads. Very interesting if you feel that a 2.5% or more price change is about to occur. And since we are talking about options here, forex isn't an option to trade. It can limit your losses, and that's cool, but that's as far as the similarities go, especially since you...
  6. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Your examples weren't option spreads, but vanilla options though you did mention spreads. And why would anyone bother? Cause of the potential. I have made over $3500 in 2 weeks with a $200 deposit. That's not typical, I know, but thats what has happened. I have yet to see any other asset that...
  7. M

    What is your dream when you are successful in forex?

    Best. answer. ever.
  8. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Moka, youre going to have to reread my posts cause I never stated that they are regulated by CySEC. Never once did I say that. I said they are in the process of regulation. I said that while they are in the process of that, they have to be in compliance with CySEC regulations. Also, I have done...
  9. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    I can completely understand where you are coming from. Personally, if it were possible to have a company similar to BdB, Stockpair, 24option, etc in the states, I would definitely trade with them over someone based in Cyprus, but unfortunately, only NADEX exists and their trading sucks, imo...
  10. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Ok, lets talk facts. The NFA and CFTC require a MINIMUM of $20 million in capitalization to get regulated. So why are they not pushing for US regulation? That's quite obvious. They likely do not have $20 million in cash. Second, the CFTC's regulations on binary options limits what you can...
  11. M

    What is your dream when you are successful in forex?

    Private school for my kids, ability to pay for Ivy League Schooling if they can get accepted, then travelling the world on vacation a few times a year. Get some culture in me. That's my dream.
  12. M

    How are binary options taxed in the US?

    I don't trade with either of those companies, but after discussing it with Nadex, I understand that they will send the necessary forms for US filing. No, I wouldn't expect any Cyprus based companies to send you anything, but if you're concerned about it, you can always ask. Couldn't hurt. I'm...
  13. M

    How are binary options taxed in the US?

    Trying to figure this out myself. The only company that is going to hand out a 1099 is Nadex. Noone else reports to the U.S. But if I made $50k last year (hypothetical, as I only made $2k, but this year, it's very likely), the government is going to want to know who it is putting cash into my...
  14. M

    CFTC’s Action Against Unregistered Binary Option Platforms

    Hey, guys. This is my first post here. I have stalked T2W for a long time when I needed information about various articles (today it was paying taxes on binary options, actually), and finally decided to become a member and contribute. I'm with wackypete here. The CFTC's priorities are not to...
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