1. you said exit, here they mean enter the market. small but important difference as the loss is potential.

2. i’m saying NFA is incompetent and we’ve seen this time after time in the past 12 months with all kinds of regulations which make no sense and sometimes harm the traders more than they help. CFTC itself is saying what i’m saying here, put in different words: “The Commission has been in a perpetual game of technological catch-up. Put simply, we learn of technological innovation after the fact and are left to consider the impact of trading methodologies, such as high frequency trading, after it has had a widespread effect on the markets,” the rest here: http://www.cftc.gov/PressRoom/PressReleases/pr5827-10.html

3. you keep missing my point, Gain may have ‘bended’ some rules, or as i said it may have “cynically abused its market making mandate” but nfa which is the market watchdog should have prevented this situations in the first place by eliminating market making altogether. any for-profit company will do what it can to squeeze any dollar it can if it is allowed to, more or less, but nfa should have put a clear red line which couldn’t be crossed. and it didn’t. this was my main point, perhaps it wasn’t put well enough.

4. you are right and wrong. ECNs indeed are comprised of market makers, however ON the ECN, they don’t make market in the traditional sense, and therefore ECN is the next best thing.

From your article: “by the way it is very interesting how NFA which knows absolutely nothing about forex or forex software knew EXACTLY which plugins and which settings to check and what those settings meant, but that’s another story”
So what are you saying here, that NFA is so stupid it can’t look around on forums like forexfactory, where that plugin was being discussed to death? Or that they didn’t received not even one complain from a stupid retail trader letting them know about the plugin? How do you know they don’t know about forex software? And no, I’m not from NFA. I agree that they could be much more aggressive in their controls.

Again: “Reading through the Complaint it is evident that while Gain may have indeed violated some rules the real culprit here is the NFA itself!”
It’s nice how Gain “may” have violated some rules, but NFA certainly is the one to blame for this situation.

And the fabled “interbank” is just a bunch of big banks “making markets”. THEY TRADE AGAINST THEIR CUSTOMERS. And all ECN’s are full of “market makers” who provide the final liquidity.

Not disclosing different margin requirements over weekend anywhere is cheating.

Makes me wonder who this site is supposed to be for after all.

I beg to differ here, unfortunately MT4 servers give you a lot of dials to cheat your traders just a little and you have to be very strong to resist the temptation – if you’ve ever see all the dials they have you’d be shocked.

– Asaf.

Looks like someone got caught with his hand in the cookie jar.

I have to tell you that I have been working very closely with Gain for more than 2 years now and I wouldn’t expect this from them. I hope they fix this and move on.

Strange …

– Asaf.