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FIFO Rule

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  • #46
    Re: FIFO Rule

    I just got an account with a broker not regulated by NFA. You just need to make sure your broker is reputable. Beyond that, choose the "free-est" broker you can find.

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    • #47
      Re: FIFO Rule

      A lot of messy rules....need to open with a broker not regulated by NFA too.....bye bye NFA

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      • #48
        Re: FIFO Rule

        I'm trying to decide where to go, anybody out there happy with FxPro or FXCM UK?

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        • #49
          Re: FIFO Rule

          Here is a point to consider regarding the NFA hedging/fifo rules.

          They appear to be designed for market makers, where counter-party transactions take place, but I don't think they would apply to any (US) broker which was purely ECN.

          ECN brokers wouldn't have any counter-party setup, so the rules would be irrelevant. But, are there any pure ECN brokers?

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