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The New Capital Requirements Takes Its Toll on New Forex Brokers

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  • The New Capital Requirements Takes Its Toll on New Forex Brokers

    There has been a state of unrest amongst new Forex brokers owing to the fact that the NFA has pushed through an increased entrance barrier. This requires a higher capital for new Forex brokers which can be a problem for most, if not all.

    However, the move to raise entrance barriers has its benefits if better understood by Forex brokers, new and old alike. The increase in entrance barriers serves beneficial for the industry of foreign exchange. Despite the increase, the move ensures that those who newly enter the industry still have sufficient resources remaining and still be financially stable. This is helpful since the capital market tends to be unstable. The move also ensures that brokers receive sufficient expertise to manage the risks that may be encountered by Forex brokers, both new and old.

    Many firms now have been expecting the move brought about by the NFA and has welcomed the change. New rules are to be adopted and duly accepted by the firm and its staff. For those in the know, the move to increase capital requirements puts forth that the industry of foreign exchange is growing more important as the time goes on.

    Clients need not worry that the firms they are associated with will file for bankruptcy because established firms have already sufficient funds to back them up in anticipation for the change. The new move by the NFA does not hinder the industry in no way at all but rather helps in the improvement of its standards providing better services for its clients.

  • #2
    Orbex misled me of around 3500$ first I deposit 150$ and afterward they exchange for around 1 week and they are all of a sudden asking for another 500$ to guarantee that I can pull back they 100$ in my account and after that for another 1500$ and another 500$ et cetera.. also, when the time comes that I need to pull back they declined my withdrawal and said I have to deposit another 2000$ to sell the sum and I can get 6000$. I disclosed to them I don't have money any longer as I just utilize my Visa to deposit and they wipe out finished the breaking point. They ask me to get a credit and guarantee a withdrawal once I put another 2000$.