Using the COT Reports to Predict Forex Price Movements

 

CFTC Charges Forex Capital Markets, LLC with Undercapitalization, Failing to Timely Report Undercapitalization Violation, Federal Court in South Carolina Orders Robert S. Leben and Amy L. Leben to Pay over $10 Million in Restitution and Penalties in CFTC Anti-Fraud Enforcement Action,

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

How Are CFTC Regulated Brokers Different From Regular Brokers?

The US Commodity Futures Trading Commission (CFTC) has just issued an order against Forex Capital Markets, LLC (NASDAQ:FXCM), settling charges with the foreign exchange brokerage for $7 million in a civil monetary penalty for engaging in false and misleading solicitations.

These places exist Cyprus etc. In that capacity, they act as a liquidity provider for other banks as well. Apparently the CFTC thinks otherwise. I hope Trump moves quickly on this. It is a sad day for the Industry, particularly in relation to the banishment of Mr.

Niv from the US retail space. He is the Master Oogway of online Forex trading Industry, who has now been forced to fade away in the history books. He is not going anywhere. Would not of opened an account at this time. Retail FX is already a scary place for the retail trader. Retail FX is a scary place for only US retail traders while everybody else is enjoying the free market.

Also their customers I guess, but that is not what they got shut down for. The punishment is unjust for the crime. Finance Magnates Share this article. Got a news tip? Let Us Know Found a mistake? This may not be an issue if Trump repeals Dodd Frank. You completely missed the point, Jack. Traders and Investors can directly contact the CFTC in the form of filing complaints or provide tips about any discrepancies, and individuals can also take advantages of the Whistleblowers program to report any misdeeds and get hefty rewards directly from the Government.

CFTC regularly updates its Fraud Awareness and Prevention program by educating consumers about the different types of financial crimes and how it can be prevented. CFTC also audits all of the financial firms operating the US for all financial irregularities and takes severe action against those who do not comply with the stringent CFTC standards.

The history of CFTC dates back to more than years ago when the agricultural commodities of the US needed regulation in the financial markets. The US Government has been regulating the futures contracts for all types of commodities since the early s, and from , the CFTC was in charge of regulating all futures contracts for a wide range of commodities.

The CFTC was created due to the immense popularity of trading in the financial markets due to the influx of currency trading, commodities trading, and other types of swap dealings, which resulted in an unregulated market and extreme volatility. All types of commodities trading are regulated by the Commodity Exchange Act of , which is amended from time to time.

All CFTC regulated forex brokers should display their license number and regulation clearly on the homepage of their website. They should also provide the details of the license to consumers upon request. CFTC also provides a wide variety of online resources for consumers to check the authenticity of licensing and regulations and are free to research about a company or individual that they are dealing with. CFTC lists details of impending litigations against firms due to infringement of regulatory guidelines on their website and frequently updates information related to past lawsuits and suspension of licenses.

A consumer can ascertain the history of a company by carefully analyzing their record with the CFTC, and how well it treats consumer complaints and other issues that arise from time to time.

After all, every consumer is required by the CFTC to be careful in their approach while dealing with companies and recommend performing extensive research about a firm before depositing money with a regulated broker.