Metatrader end?

julio bento · #1 (**permalink**) 05-08-2009, 08:32

Hi Ash,

I’ve been receiving news about the new “FIFO” and “Hedging” rules that have just gone into effect.

These rules can have a negative impact if using a U.S. based Metatrader Forex broker?

Vetmxracer · #2 (**permalink**) 05-08-2009, 13:34

Not a big deal really. Lots of brokers now have their own charting which is far superior to MT4. FXCM has MarketScope charts which are awesome, and MB trading has their own charting with the Navigator platform which is really nice also.
Cool thing is most of the stupid NFA rules dont apply to different platforms, just MT4, that is the case with MB trading.

SquareRoot · #3 (**permalink**) 05-08-2009, 17:33

FXDD is not an NFA member so they don't have to comply with those new rules.

mrtwrrt · #4 (**permalink**) 05-08-2009, 20:28

Curious if anyone is using FXDD on a live account. I am using it for the Ashfx system on demo and then entering the trade on my live acct. But with all the changes from NFA. And the fact that I am not as satisfied with IBFX as I was in the past. Just curious if it would be worth transferring my acct. to FXDD.

Thanks for any info from all.
Troy

SquareRoot · #5 (**permalink**) 06-08-2009, 00:22

IBFX just got fined by the NFA for some type of money laundering. You can read about it on FPA forum. I've never had a problem with my live FXDD account. Of course, I'm not a big profiteer either. I guess they like me. I hope Ash's system can put me in the green.

fxornot · #6 (**permalink**) 10-08-2009, 10:30

Quote:

Originally Posted by SquareRoot

IBFX just got fined by the NFA for some type of money laundering.

Are you sure about this? I don't think it was "money laundering". The NFA would shut them down!

SquareRoot · #7 (**permalink**) 10-08-2009, 14:10

... Read the details on ForexPeaceArmy site. They have complete details. I am just informing anyone that is interested on where to find the info.