But what more amazing here is that this time Felix Homogratus, the owner of FPA, is making a bad review by himself claiming that REFCO is scam:
| "Okay, I never used Refco, but with the amount of bad publicity it got, I couldn't ignore it without putting it in the SCAM section. You probably already know what I am about to say, but from what I know, Refco used to be the biggest Forex Brokerage in the world, and they did some gray activity with people's money. They traded against their people's account, which most brokers still do by the way, but Refco was really bad to their profitable traders, putting their accounts on "manual execution" and pissing everybody off to the degree that people would quit. It seems like all refco wanted was beginner traders that would piss their money away, and Refco would make all that money. I also heard that the founder of Refco was charged with a number of criminal charges, and either went to jail or turned bankrupt or both. Also, the straw that broke the camel's back was an instance when Refco froze every single account of their clients, and didn't let them withdraw money for a while, claiming that they were investigating some fraud, but in reality they were just using people's money for some short term shady operations. After some really bad publicity for Refco, it came out with a new company, which is FXCM. Supposedly now FXCM is separate from Refco, and it simply bought a lot of Refco's assets. I personally used FXCM and my experience with them was fine. I don't think their affiliation with Refco should matter much. Anyway, that's the rumors and news that I heard about Refco, I may be wrong on a few things there, but would love to hear from some people who truly had accounts with them." |
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Latency or delay as known in computer networking, is the time interval for a process to present an outcome, the time delay between the cause and effect of a physical change within a system. In Forex Trading, latency indicates the time needed for the traders’ requests to get a response from the broker’s server. Latency is considerably important because it can have a huge impact on the price that traders pay in the markets, hence it is significant for latency to be at lowest when making a trade. Traders can identify the range of latency in accordance with the trade that they are executing.
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