Forex Broker Decalogue

FORE - Fore Broker gathered to new rules. The Fore Broker met on 8 April in Milan. The main players allowed on Fourth foreign exchange market, they want to square up and denounced the investigation of a dam cover Economy # 13 of 18 March. Match CMC Markets Antitrades, I Markets. IVAX, FACT is Sax Bank. An association study impartial and a code of ethics for Fore Broker.

The highlight was certainly the training and education of traders that can increase transparency in a market that is not always rewarding. But the basis for discussion should have been represented by its own definition of rules of behavior, a kind of Decalogue what the investor should know before working in Fore.


style="text-align: justify;">

Other topics: the new situation after recent directives Bank of Italy that will limit the operation on currencies lever 1:1.

The Fore brokers defendants have also discussed the possibility of establishing an association of brokers on the model of European ACID "The Financial Market Association, An association impartial guarantor of a code of ethics applied by associated brokers.

The announcement was made by Economy and the number 13 of 31 March published a survey indicating some sites that offer fraud risk in foreign exchange earnings from dizziness. Sites reported to Consol. What? (Which enter into all financial sites, and even then, through the spaces Ad sense of Goggle) And Fore Macro who has already left its customers without their money and land. Also Pore macro continued to operate anyway, despite the provisions of the authority.

The main problem for investors active in Fore are Yield Investment Programs (yip) Which, translated into Italian, means high yield investment programs. Proliferate online (inspired by the Pansy scheme).

The Consol in 2009 it has inspected, 86, almost double the previous year (44), a clear sign that this is a growing phenomenon, because the universe of boundless anyone can create a web site and set up a financial system collection of money.

After an investigation Consol ordered the blocking of a Pore macro and other five. At least two of these are still active as Wig group that promises up to 14% interest per month, then about 1,400 euros 10 thousand euro, not only on Fore; Menomonee Corporation which offers interest of 1, 8% per day, more than 5,000 euros a month, promising to find companies active in nanotechnology.

Only three have stopped raising money in the past six months:

Finanzasforex , which after offering 30% interest for hours on the site announces that no longer allow investors; Stamen Interest and Vendor Incorporation which have obscured the domain. All without rules and without guards. If the server is not in Italy but abroad, the time for closing the site is an extension of months.

This allows those who sets up a scam in Fore to raise money quickly with proposals according to the explosive Pansy scheme and then disappear with the money before being identified. Small Mad off then change name and start again with another site. The money defrauded, passing site in companies in tax havens, then most likely go to finance the purchase of drugs.

If you think that the money moved around by the drug is equal to 4 to 8% of world GDP is understood that the recycling enters Fore the front door and must therefore distinguish Fore brokers serious from less serious ones, present in increasing numbersin Fore Market world.

Tags: , , , , ,

Leave a Reply

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Hide me
Sign up below to download FREE Day Trading Software!
Name Email
Show me