gse, i'm not sure if you are purposely skewing the facts to create panic, or that you really do have a basic lack of understanding on the subject, but as expected I'm banging my head against the wall here, and I'm not going to waste any more time arguing with you.
I'm all for cleaning the industry up...there needs to be tighter controls to keep the cowboys and those with lack of an acceptable level of cash backing out.
Restricting the use of client monies would be ideal, but would come at the cost of either the demise of the DMA model or a huge price hike in it. They are costs I'm not prepared to pay, and would harm traders way more than it would help them. Improved, stricter regulations over the use of client monies, without removing it's use outright is a much more sensible option in my opinion.
No doubt you'll want the last say, but I'm done...I can only trust that other readers understand what's really going on here.
One last thing...if you have, or are thinking of opening a CFD account with any provider, and you're not sure exactly what the risks are...find out. It's so important that you know what risks exist, so that you can make an informed decision as to which, if any CFD providers suit you.
Many 00's of traders now happily trade CFD's. Many are aware of any risks, and aware of the difference in CFD models. Unfortunately many aren't, and it is that group that is most susceptible to making the wrong choices.
- Tighter controls and better regulations in the CFD industry - YES - Removal of all use of client monies - NO
