Due
Diligence
It is vital for all those interested in the forex environment from traders to
investors alike that they feel secure about any decision they make. AFXI uses
the motto "Forex Client Protection Services" since we believe that the client
is the number one priority, not the service provider. It is for this reason
that we have taken the liberty to educate people about the need for them to
carry out a comprehensive due diligence assessment on potential brokers, banks
and other forex providers.
Brokers are regulated with the Futures Commission Merchant
(FCM), Commodity Futures
Trading Commission (CFTC)
and National Futures Association (NFA). This
is because they solicit or accept orders to buy or sell futures contracts or
options on futures and accept money or other assets from customers to support
such orders. FCM means Futures Commission Merchant which falls under CFTC
(Commodity Futures Trading
Commission). You should always check the status of the broker your going
to trade with, making sure they have enough equity to stay in business long
enough to give you a secure trading environment. One can check financials on
each registered broker
here. If they
are not registered you are taking a much greater risk.
There are many brokers and clearing
houses who profess to unbelievable deals for traders which range from
unrealistic growth on their managed accounts to single pip spreads. Often
these untruths lead to severe financial consequences and need to be avoided.
AFXI will provide anyone interested in the real answers to your questions,
either through our FAQ or direct via e-mail. There is no obligation for you to
join us, we feel that we can offer you the best
professional forex environment around...
