Recent content by trader_bv

I have no experience with them

I think safety of your deposit is most important. Pip spreads can be misleading: a broker can quote a 2 or 3 pip spread, but if he's running stops, shading the price, etc, your cost of trading is very high. You'd be better off with a 4 or 5 pip spread with good execution.

yeah, but when he says "Refco is a multibillion dollar institution that offers many more financial instruments...", the "Refco" he's talking about has now flipped to Refco Group, not RefcoFX. RefcoFX only offers Forex, as you can see from their site at www.refcofx.com. They flip back and forth...

If you want to pin them down, ask them how they can offer Mini trading at 0.5% margin ( www.refcofx.com/mini-accounts.html ), while the CFTC minimum is 1.0% margin, and still be CFTC regulated. Their story breaks down...

www.refcofx.com is the RefcoFX home page. They ARE part of the Refco Group. And they ARE NOT regulated by the CFTC or the NFA. They are a subsidiary and separate company. That's why they were able to offer 200:1 leverage and other characteristics that the CFTC did not allow. Doesn't mean...

RefcoFX is NOT regulated. That's why there is no NFA number or regulation claim on their website. Only Refco Group is regulated. You wouldn't be trading with Refco Group, but RefcoFX. Look at their website and they try to confuse you as to who you're really dealing with. The guy on chat...

The $2/point Nasdaq is a GCI creation, so you probably won't easily find it elsewhere. If you want Globex fills, just go to www.cme.com and do a Broker Search. By the way, GCI's Mini Share mini-mini nasdaq 100 market orders ARE auto-executed, but only in small size and not on Stops.

Brokers no "honest legitimate" broker will give a client a free option over a Payroll number release by filling stops at levels that were not attainable. Anyone who has traded with the banks knows this. As for FXCM, I would steer clear of them - take a look...