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Fxopen's regulation?

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2010-07-15, 09:18 AM	#1 (permalink)
dennerle Pip Officer Trader for 1 - 2 years Location: Singapore Posts: 83	Fxopen's regulation? hi, anyone know which regulator regulates FXOpen?

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2010-07-15, 10:36 AM

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Originally Posted by dennerle

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hi,

anyone know which regulator regulates FXOpen?

This site (which I don't really trust) claims that FXOpen is unregulated and their FSC license (whatever that is) was suspended.

This site claims they have an FSC license and are located in Cyprus.

Any way you look at it, it does not look or feel right IMHO.

Rick

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2010-07-25, 03:42 AM	#3 (permalink)
dennerle Pip Officer Trader for 1 - 2 years Location: Singapore Posts: 83	anyone realize that FXOpen's ECN spread always increase or decrease by spread of 0.5? meaning the market prices is always 1.25615 or 1.25610? I've seen other true ECN broker their spread is really variable by 0.1 meaning can be 1.25611, 1.25612, 1.25613, 1.25614 and so on..... However, i do understand that we can place a pending order at 1.25612 and etc on a 0.1 spread but market prices feed always in spread of 0.5... is this considered true ECN?

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