It seems NFA is not even satisfied with some brokers downgrading their license to FCM from RFED and now goes after them anyway. Downgrading from RFED to FCM meant brokers like Forex Club could no longer accept retail clients (those not considered ECPs) and therefore didn’t have to freeze over $20m in own capital. This freed $19m which could be used elsewhere. The latest brokers to downgrade were [visit site to read more]
Read More... [Source: Forex Magnates - Posted by FreeAutoBlogger]
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