Alpari and Other Forex Brokers Increase Capital
by Trader Rich
The November 2007 Futures Commission Merchant report was released today and has been processed on http://www.brokerontop.com. Here's an updated status of the broker's I mentioned may be in trouble earlier in the week:
- CMS Forex (needed 10 million, barely compliant in October) increased excess net capital by 4%
- Hotspot FX (need 5 million, barely compliant in October) increased excess net capital by 1%
- Forex Club (need 10 million, seriously undercapitalized in October) increased excess net capital by 65%
- MB Trading (need 10 million, seriously undercapitalized based on October report) increased excess net capital by 168%
- Easy Forex (don't know their leverage but still seriously undercapitalized based on October report) increased excess net capital by 184%
- Alpari (need 10 million, seriously undercapitalized based on October report) increased excess net capital by 271%
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