[lang=en]Attractive until they decide to keep your money and your winnings. You hire a lawyer and when you get to court, they say that they aren't under any regulatory agency and therefore, the only rules they have to follow are theirs and they can change them at any time. No, I am not making this up. This is what I read that one of the big brokers did with their clients in court before they became regulated (I think FXCM). I can't remember that other large unregulated forex firm that ran off with the investors money and because they weren't regulated there was little legal recourse (this happened several years ago). The purpose of companies is isolation the owners from legal recourse; therefore, if I open an unregulated company and decide in the future to steal funds from the clients, all I have to do is convert the money to a liquid form so it can't be traced and take it from hand and put it in my other hand. The clients can only come after the company which is now cash poor and I am not legally responsible for the actions of the company. This what is called isolation in legal terms. In the marketing and con game it is called bait and switch. You entice the mark in with many good offerings and change the game when it is to your advantage. I have a bridge in Brooklyn that you might be interested in. Like I said in an earlier post of mine, I try to learn from other victims so I don't become one. You can treat forex as a business or a hobby; the main difference is that business is business and therefore have a higher chance of success. I have yet to see a hobby make any serious money.
fxtradingguide.com/will-your-forex-broker-go-out-of-business/[/lang]
fxtradingguide.com/will-your-forex-broker-go-out-of-business/[/lang]
