FDMA--
THE FOREIGN CURRENCY TRADING You're ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. [MEMBER] IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. THE PRICES [MEMBER] OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE.
ALTHOUGH [MEMBER] IS THE COUNTERPARTY TO EACH OF YOUR TRADES, [MEMBER] LIMITS RISK TO ITSELF BY INSTANTANEOUSLY OFFSETTING THE TRADES AND POSITIONS IT ENTERS INTO WITH YOU WITH A BANK OR INSTITUTIONAL MARKET MAKER. AS A RESULT, [MEMBER] DOES NOT PROFIT WHEN YOU LOSE MONEY ON A TRADE. RATHER, [MEMBER] EARNS COMMISSIONS ON EACH TRADE IT ENTERS INTO WITH YOU. THE AMOUNT OF COMMISSIONS CHARGED IS DISCLOSED ON PAGE [x] OF THE CUSTOMER AGREEMENT.
Http://www.nfa.futures.org/news/news...ArticleID=2104
FDMB--
THE FOREIGN CURRENCY TRADING You're ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. [MEMBER] IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, [MEMBER]'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS [MEMBER] ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES [MEMBER] OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE AND [MEMBER] MAY OFFER DIFFERENT PRICES TO DIFFERENT Clients.
IF [MEMBER] ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN You Ought to BE AWARE THAT [MEMBER] MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE [MEMBER] Serves as the BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM [MEMBER] OR ANY OF ITS SOLICITORS. http://www.nfa.futures.org/news/news...ArticleID=2059 I tried to contact NFA to understand who FDMAs r but what I got out of NFA isThe titles of Forex Dealer Members who are utilizing the alternative language is not public info. Therefore, I cannot supply you with a list. So my final goal of this thread is to loe FDMAs, then we traders can have a better choice to choose. From the thread It's official, brokers trade against you
https://www.forexsoutheast.asia/fore...de-expect.html
I understand the next list as far as today. If any present client still havent received ur disclosure from ur trader,plz follow the link to whine to NFA b/c they dont comply with NFA's regulaton timely and they attempt to conceal sth. And they maybe receive a nice from NFA but this is not our attention,we just wish to understand earily that they innovate,FDMAs or even FDMBs then we can have a better choice to exchange with.
Http://www.nfa.futures.org/basicnet/Complaint.aspx
The current reslut:
FDMAs: hotspot (present clients must receive Customer Disclosure out of ur trader directly to confirm this,also it is not hard for prospective customers to check,just try to apply a new account prior to the final step until u see this acknowledement page in ur appliion).
FDMBs: CMS Gains Capital IBFX IFX FXCM OANDA
FDMAs,we r waiting for u to come back early!