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The Jackal at night – The one you cannot trust. When reading the above report yesterday, I got so angry. Just to think of the audacity of these Big Banks ripping off clients, to fill their own ...

The Jackal at night – The one you cannot trust. When reading the above report yesterday, I got so angry. Just to think of the audacity of these Big Banks ripping off clients, to fill their own pockets. My aim is to help my friends searching and experiencing Brokers that won’t ripped you off. However, there are no safeguards that even the most trustworthy Brokers cut some corners, and that is not easy to detect. This report concentrates on Windsor Brokers. Read full report here

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Discover How Traders Rig Currency Rates to Profit Off Clients Document Transcript

  • 1. Resources for the Independent Trader BlogDiscover How Traders Rig CurrencyRates to Profit Off ClientsThe Jackal at night – The one you cannot trust
  • 2. Dear Valuable Friend,Traders Said to Rig Currency Rates to Profit Off Clients http://bloom.bg/14vtit1via @BloombergNewsJust an excerpt:No RulesWhile U.K. regulators require dealers to act with integrity and avoid conflicts, there areno specific rules or agencies governing spot foreign-exchange trading in Britain or theU.S. That may make it harder to bring prosecutions for market abuse, according toSrivastava, the Baker & McKenzie partner.Spot foreign-exchange transactions aren’t considered financial instruments in the sameway as stocks and bonds. They fall outside the European Union’s Markets in FinancialInstruments Directive, or Mifid, which requires dealers to take all reasonable steps toensure the best possible results for their clients. They’re also exempt from the Dodd-Frank Act, which seeks to regulate over-the-counter derivatives in the U.S.“Just because Mifid doesn’t apply, the spot FX market shouldn’t be a free-for-all forbanks,” said Ash Saluja, a partner at CMS Cameron McKenna LLP in London.“Whenever you have a client relationship, there is a duty there.”When reading the above report yesterday, I got so angry. Just to think of the audacity ofthese Big Banks ripping off clients, to fill their own pockets. The problem is that it is notonly banks but Forex Brokers as well, who are into this scheme. We know that there are“thousands of Forex Brokers and online platforms, and a lot are real “dodgy” characters,and it is really a problem finding “trustworthy” brokers in whom you can trust, andwhere you can trade with confidence – Tight security, Honesty-Openness-Transparency.I just cannot understand that Governments cannot do something, or do Governmentsprosper as well?Now with Forex Traders, we fall prey to these unscrupulous behaviours. Who and howcan we trust our brokers?My aim is to help my friends searching and experiencing Brokers that won’t ripped youoff. However, there are no safeguards that even the most trustworthy Brokers cut somecorners, and that is not easy to detect.This report concentrates on Windsor Brokers. Why do I recommend them as part ofmy Forex Broker Package to you? You must bookmark my other reports on the restof my Package to you in the coming days.From the start dealing with them they handled every aspect with caution to ensure ourcontract is beneficial to both parties, and that I want to transfer this attitude, yes,attitude is so imperative, they are not there to “screw” you, but to ensure that you astheir client, get the benefits due to you. As said above: “Whenever you have a clientrelationship, there is a duty there.”
  • 3. Regulated and LegitimateIt is essential when selecting a broker to make sure that they are licensed & regulatedby a credible governmental body. Each licensing authority monitors the workingpractices of financial companies, ensuring that all regulations are strictly adhered to.The main purpose of the ICF is for clients of Cyprus Investment Firms to secure claimsagainst Cyprus Investment Firms in situations where the latter is unable to fulfil itsduties. More specifically in cases which arise from clients’ claims in connection withinvestment services or the ancillary services it has provided.Windsor Brokers Ltd. is licensed, regulated, authorized, and complies by the below:CySec was established in accordance with section 5 of the Cyprus Securities andExchange Commission Law of 2001 as a public corporate body. CySec has a vast amountof responsibilities, some of which include: Supervising and controlling the operation ofthe stock exchange and the transactions carried out within it. Granting operation licensesto investment firms and impose administrative sanctions and disciplinary penaltiesagainst brokers when necessary.The FCA (Previously known as the FSA) is an independent non-governmental body thatregulates the financial services industry in the UK. Financial firms authorized in theEuropean Economic Area (EEA) can offer certain products or services in any other EEAcountry if they have a passport that entitles them to do so. These firms must beregulated within their home country and must meet stringent standards which have beenagreed upon across the EEA.The AMF is an independent public body which lays down the conduct of business rulesand obligations that must be fulfilled by authorized professionals to provide investmentservices. Its purpose is to safeguard investments in financial instruments, ensure thatinvestors receive material information and maintain orderly financial markets.BaFin is the German Federal Financial Supervisory Authority that belongs to the FederalMinistry of Finance and as such has a legal personality. BaFin became the successor ofthe Federal Banking Supervisory Office for the Securities Trading and the FederalInsurance Supervisory Office. Now for the first time there is a uniform nationalsupervision for all ranges of financing.The MiFID is a European Union Directive that was implemented in Cyprus as of the 1st ofNovember 2007. The MiFID provides a harmonized regulatory regime for investmentservices across the EEA (European Economic Area). The main objectives of the directiveare to increase competition and consumer protection in investment services.The main purpose of the ICF is for clients of Cyprus Investment Firms to secure claimsagainst Cyprus Investment Firms in situations where the latter is unable to fulfil itsduties. More specifically in cases which arise from clients’ claims in connection withinvestment services or the ancillary services it has provided.
  • 4. Registration for a Windsor Brokers account begins with a disclaimer that it should takeabout 10 minutes, and we found this claim to be entirely accurate. Registration includesquestion, signing off on several disclaimers and customary forms and the submission ofa valid form of identification. Identification can be submitted online or via fax or mail.Unlike some Forex brokers who offer instant trading, Windsor Brokers requires accountvalidation before real trading can begin. Demo accounts must also be pre-validated bysubmitting your email account before you can register for a demo account. Theseadvanced security tactics prolonged the registration process in some ways, but did offeran added sense of security to the entire brokerage.I am extremely impressed that Windsor offers all of its crucial information upfront sothat there are no surprises during any stage of the trading process.The best way to find out if the above is the truth is to experience their entire servicepackage. Please note that they don’t cater for beginners.Breaking NewsThe yen jumped against the dollar on Thursday to levels not seen since the Bankof Japan unleashed aggressive stimulus in early April, as a slide in stocks promptedinvestors to unwind bets it would weaken.The yen rose more than 2 percent to hit 93.75 yen to the dollar afterJapans Nikkei share index closed down 6.4 percent. Traders said the yen could risetowards the April 2 low of 92.57 yen in the near term.USDJPY Near Term: Downside favored
  • 5. Time: 13-06-2013 08:17:00Pivot: 95.60Our View: Short position below 95.6. Target 93.5. Conversely, break above 95.6, toopen 96.2.Comments: The pair breaks below support.Key levels97.0096.2095.6094.11 Last Price93.5092.5092.00
  • 6.  13/06/2013 - 10:01AUDUSD failed to break resistance at 0.9540 on first attempt. Last Trade 0.9514 . 13/06/2013 - 09:38GBPUSD prints fresh session low at 1.5645. 13/06/2013 - 08:00EUR: ECB Monthly Bulletin: Provides detailed analysis of current & future ecoconditions & data used to evaluate the Interest rate decision 13/06/2013 - 07:36CHF PPI (Producer price index) MAY M/M -0.3% vs Exp. 0.1% Prev. 0.2%. 13/06/2013 - 07:00Coming up: CHF PPI (Producer price index). Exp. :0.1%, Prev.: 0.2%. 13/06/2013 - 06:13GER Wholesale Price Index MAY M/M -0.4% vs Exp. -0.2% Prev. -0.2%.Source: Windsor BrokersIf you have any questions please do not hesitate to contact Windsor Brokers dedicatedcustomer support team as well I. If something is wrong, I’ll always to be of assistance. Ibelieve to fix problems. For every problem there is a solution.Thanks for reading.Trade smart, not with GreedPierre A PienaarResources for the Independent Trader Bloghttp://sulia.com/pierreapienaar/http://www.facebook.com/pierrea.pienaarhttps://twitter.com/pienaar_ahttp://www.goodreads.com/user/show/2580802-pierre-a-pienaarhttp://www.viadeo.com/profile/0021ok1u4iwg7pwchttps://www.xing.com/profile/PierreA_Pienaar?sc_o=mxb_phttp://www.slideshare.net/PierreAPienaarhttps://plus.google.com/103487646835776536221/about
  • 7. http://vk.com/id178777858http://weibo.com/3158954871/profile?topnav=1&wvr=5http://www.linkedin.com/pub/pierre-a-pienaar/64/a4/666/Pierre A Pienaar retired in 2011 from business.I would like to share my passion, my interests, knowledge & experiencesin Forex, Options, Gold Investments, Futures, Stocks, Binary Options,Economics, Stamp Collection, Sports, Gardening, Reading, Photography,and PoliticsSubstantial risk of lossThere is a substantial risk of loss of stocks, forex, commodities, futures, options, andforeign equities are substantial.You should therefore carefully consider whether such trading is suitable for you in lightof your financial condition. You should read, understand, and consider the RiskDisclosure Statement that is provided by your broker before you consider trading.