As a final note, I'm probably done posting and going back to lurking. I really hate debate of this type. I'm sure savior will have some choice comments, and while I'm sure I'll want to respond, I realize they'll probably be bad for my blood pressure. That, and the mods will step in at some point and slam the door shut on this post, and I want to give others the chance to respond.
I don't work for any of the companies that Mr. Savior referred to. I have always disliked his type of sensationalism though in any venue though. I just wonder what damage could be done to legitimate companies on that list on the basis of his conjecture presented as fact. I've already seen his piece cut and pasted to forex blogs around the net, so we'll see what happens.
I know for a fact that he's wrong on two of the firms not having parent companies. I'm not interested in proving this because I found out simply by doing research - which ANY OF YOU can do on your own. One of them I know is a startup, so I'm not surprised to see they don't have piles of money on the books - that doesn't mean they're about to rip you off. As with any startup company, you should be careful and consider that though as part of your thinking process.
I know people don't want to be a victim of fraud - I wouldn't either. All I ask is that you check up on the companies and not assume they'll defraud you and panic. I would hate to think a startup forex firm was doomed not because they did something wrong, but because someone potentially (and this is just my opinion based on other postings on other boards - so you'll have to take it with a grain of salt) had other motivations.
The most important rule is do your homework on a company, no matter what.
Good luck to you with all your trading.
|