Thread: RFXT broker
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Old 07-16-2007, 12:41 AM
ncourey ncourey is offline
 

Join Date: Jun 2007
Location: San Diego
Posts: 7
Default Research

Research is the best thing you can do. I recommend the most important thing you can do starting off in this business: research to determine what makes a broker 'good'.
Dig deep, and start with the NFA and other regulatory commissions.
Things to look for: net captial/operating capital, registered with whom?, who do they clear through? Dealing dsek - very hard to find the truth about.

I did some looing for you, and in about 2 seconds they look like a white label.
THey are not on the following list, either:

Selected Financial Data for Futures Commission Merchants

So how much money do they have, and how do they cover their positions?

They license MT, but as I mentioned they appear to be a shell for another company, an IB/white label.

That means that you are adding another level between you and the market.
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