The whole campaign was badly intended by the NFA, images of this Charge of The Light Brigade come to mind - an indiion of the kind of people at its head. The trader was not believed - it was thrown out without the slightest thought as to the consequences to the brokers, their clientele or the platform manufacturers - no substantial time was granted to create the essential changes easily, result was the extension of this deadline followed with their own open letter telling off brokers about the way their sales folks were passing on false information about the requirements.Originally Posted by ;
I am glad I'm not with a US broker, it seems that their next target is scalping, ah, but keep in mind, this is being done in your interest, they only want to protect you! Good 'ol NFA! Long live the Nanny State, House of the not entirely free, Property of the trader!
You know the way in the US you say wow, you know that in Europe the girls all sunbathe topless, they have tens of thousands of nudist beaches AND sex isn't a taboo subject, they're all open minded and free spirited! Well the latest variant is Wow, you know that in Europe you are permitted to hedge in Forex and the regulators are open minded and free spirited, yea they even let you scalp!
I am happily able to perform both with ACM who are Swiss based, they're even introducing the MT4 this month if this is your platform of taste. You may also wish to appear in other Euro-Brokers, however I would recomend mine for its excellent execution qualities. Like Aesculus states, vote with your feet if you are not satisfied.