Forex Investment:NFA Puts US Forex Brokers Under Scrutiny
Article Summary:
After reading the news at my friend’s site Forex Magnates
NFA to investigate all forex brokers for unfair trading practices
I surfed a little bit and found the article that launched the news if I’m not mistaken.
… That’s not good news for the Forex
Article Content:
Hi everyone
After reading the news at my friend’s site Forex Magnates
NFA to investigate all forex brokers for unfair trading practices
I surfed a little bit and found the article that launched the news if I’m not mistaken.
… That’s not good news for the Forex industry and its efforts to go mainstream…
Francesc
Forex Brokers Draw Scrutiny
By Sarah Morgan at Wall Street Journal
As foreign-currency trading heads into the mainstream, regulators are preparing a probe into whether foreign-exchange firms are using unfair trading practices to take advantage of retail investors.
The National Futures Association, which polices the futures industry, plans to scrutinize its 16-member foreign-exchange firms for any signs they are designing computer systems to take advantage of what is known in the industry as “slippage,” or small price movements that happen between the time a customer orders a trade and when that trade is actually executed.
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