FORUM: What can Retail FX clients expect from e-trading platforms?

5 major online FX trading providers discuss the issues.

First Published: e-Forex Magazine 19 / Forum / July, 2005

With Marla Miller, Chief Operating Officer MG Financial Group, Muhammad Rasoul, Executive Vice President/COO at Global Forex Trading, Enis Mehmet, US Branch Manger at CMC Forex, Samantha Roady, SVP, Marketing at Gain Capital and Michael Cairns, Trading Manager at FX Solutions.Volumes of eFX trading continue to grow dramatically so much of the resistance to online trading amongst clients must be disappearing. However, how much are concerns about lack of regulation in the FX markets or about the robustness of the Internet and security worries, likely to continue to hold back some clients? Miller: Compliance with regulations implemented since 2000, in-depth audits by the NFA and enforcement proceedings by the CFTC have reduced the number of illegally operating firms and infractions by registered entities. MG Financial Group is currently the only Forex FCM represented on the NFA's Special Committee on Customer Protection Issues. This committee has introduced new regulations to make the Forex market safer for...continued

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