Quote:
Originally Posted by forex savior
Better to keep all this secret right so that people don't know what is going on in the industry? For those traders who are concerned about whether or not their firm is financially risky ask yourself this question.
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The problem is, no one knows your motivation for pointing any of this out. For one, as has been pointed out on other threads, you seem to be running a side forex business/group, so one might question your motivations for trying to nuke other brokers. Maybe it's for public notification. Maybe it's to try and badmouth other competitors. The truth is no one knows.
I haven't advocated one firm or another, just saying that your slant is one sided. So people can question my integrity, but I'm not saying things like "these people are dead firms walking" or "they're going bankrupt" - I'm just saying to check with the CFTC and the NFA.
Some of the firms you pointed out had increases in capital in the just released report - one of them you said was "bankrupt" has significantly more funds - because the shot you showed is a snapshot on a single day. It may or may not point out the overall health of a company. What if the company is new per se? That doesn't mean they're going out of business. There could be a number of reasons why a company has, say, 2 million in capital, and that doesn't mean its a dead company. You're smearing them and they don't have a chance to respond to you.
If people chooses not to give money to smaller firms, that's fine, but it's a stretch to say that they're all "dead firms walking".