Central Bank revokes licences of major forex dealers - page 3
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Who cares about those licences? I don't think any Pepperstone or Isimarket have a Central Bank license, and they are better than all the alpari and forex clubs
how is it better?
They should not cancel it, but close it completely with scandals and investigations (huge fines, gridlock), let them start working like human beings or let them go
There are billions in it.
Well, the industry has to be put in order somehow.
Bottom line: Regulation by the Central Bank together with SROs is a civilised mechanism...
At the very least, participants - players/clients, must somewhere verify that the professional participants forex dealers offering services,
really exist and they have enough collateral to fulfil their obligations to clients.
This can only be regulated through accountability and financial discipline.
Look at the wretchedness of VTB forex (which has a license).... What are the conditions there, what are the spreads, what is the leverage.... This is to the question of civility
Look at the wretchedness of VTB forex.... What conditions there, what spreads, what leverage.... It's a question of civility.
There is nothing to argue with... There's only hope that in time, competition will bring these misunderstandings to normal...
(hope young men nurture.)
)))
They should not cancel it, but close it completely with scandals and investigations (huge fines, gridlock), let them start working like human beings or let them go
There are billions in it.
Who is going to chop the bough they are sitting on ? More than sure it's just the Central Bank thinking "aren't the DCs fucked up?"
"Humanly" means no money. What are they, fools?
Who is going to chop the bough they are sitting on? More than sure, the Central Bank was just thinking "aren't the FCs nuts?"
"If the exchange works like a human being, they will have no money. Are they stupid?
I do not know, the stock exchange works more or less like a human being ... now let all the forex dealers go there, the liquidity will be just fine)))
I do not know, the exchange works more or less humanly... now let all forex traders go there, the liquidity will be fire)))
The exchange does not provide the same leverage. The entry threshold is much higher. Forex traders may try to trade with 100 green roubles or even less.
The exchange doesn't give that kind of leverage. And the entry threshold is much higher. Forex traders can even try to trade with 100 green roubles or even less.
They still need more leverage because volatility is higher in pips.
The exchange doesn't give that kind of leverage. And the entry threshold is much higher. Forex traders can even try to trade with 100 green roubles, or even less.
Not much. Same 100 quid, you don't need more leverage because the volatility in pips is higher.
Which exchange are we talking about?