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Wednesday, January 16, 2008

FYI: Forex dealers on NFAs "ceased operations" list

Many have expressed interest in knowing this, and I finally received today, from the NFA, a list of the forex dealers who have "ceased operations" now that the new capital requirements are in place. I've added a contact number for each. Many of these companies' websites have been taken down or are "under construction," but if you had money in an account with one of them, the NFA says they "closely monitored each of the firms to ensure that customer funds were transferred to another, fully-capitalized firm." You can read the full release using the first link below.If you're not sure what I'm talking about, you might want to read these two updates: 1.

http://www.pfxglobal.com/index.php?o...848&Itemid=1882. http://www.pfxglobal.com/index.php?o...459&Itemid=116

Here's the list:American National
Trading Corp. (Recently purchased by Peregrine Financial, who is a safe Forex Dealer Member. (310) 552-2900)
Direct Forex FX (312-786-9000)
Farr Financial Group (800 543 5955)
Forex Liquidity (949 955 1096)
Hamilton Williams LLC (800-783-6056)
One World Capital Group LLC (847.446.8100)
Royal Forex Trading LLC (Freedom FX LLC) (3,000 clients, according to website, www.rfxt.com. 888-347-2185)
SNC Investments, Inc. (866-723-6739)
Solid Gold Financial Services, Inc. - (415-433-8888)
XpressTrade LLC (Owned by securities broker OptionsXpress. (888) 280-8020)


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