Quote:
Originally Posted by maxreturn
forex savior, I for one am very thankful that you have taken the time to carry on this thread. I was thinking about opening an account with a dealer (FXDD) who is not a member of the NFA. They indicated that their parent company is Tradition Inc (North America). They in turn are wholly owned by Compagnie Fananciere, a swiss company. Do you have any advice as to what things you would look for and where to look to gain some level of confidence in the security of your funds? Or would you simply advise against opening an account with a non-nfa member?
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Be very wary of trading with an unregulated broker, FXDD is unregulated which means no one is watching them. That is a major red flag every trader should look out for.