Quote:
Originally Posted by juxtatrader
As of right now a brokerage firm does not have to be regulated to be open. Some firms have decided not to become regulated until the NFA comes down with their exact ruling. Because of no exact ruling from the NFA it has cost some firms lots of money tryin to get regulated and then get slapped with fines that cost them even more money.
As far as FXDD their parent company is regulated and have heard from reliable resources their reasons for not being regulated and have to say they have a valid reason for not doing so yet.
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FXDD is completely unregulated because they are taking advantage of their affiliation with Tradition. Trading with FXDD is EXTREMELY RISKY as you are not in the least bit protected by any regulatory authority. Avoid them at all costs.