SigmaForex LTD Registrations And Regulations

SigmaForex LTD is leading European professional online trading Brokers registered in the United Kingdom and most of the EU countries.

What is meaning by registered?

means that there is a company called SigmaForex LTD inside united kingdom & registered by United Kingdom Law & follow the governmental rules.

SigmaForex LTD registered & follows the governmental rules in United Kingdom and anyone can check that by visiting this official website: http://wck2.companieshouse.gov.uk/ this is a UK governmental website.

http://wck2.companieshouse.gov.uk/d8846c7fe805874be7c646b1ed4f10ce/companysearch?disp=1&frfsh=1216759237#result this is the full link where you can find SigmaForex LTD with the registration number.

SigmaForex LTD Regulations:

SigmaForex LTD working now to be regulated with FSA (United Kingdom Financial Service Authority) but now SigmaForex LTD is complying with FSA and many financial authorities like NFA, CFTC, FSC and others.

Why SigmaForex LTD not working in the regulation of NFA?

Most of Traders ask this question and it's a common question for any broker. Here's the answer; NFA (National Future Association) regulate the Financial Companies that based in United State and have Future Trading. SigmaForex LTD not inside United State and doesn't has Future Trading. But NFA rules are compatible with the rules that SigmaForex is following and you can check with your self.

Complying: Means that this company follows the rules 100% and meet their regulatory obligations efficiently.

Dear Trader, you must be involved and know the difference between FSA and NFA. Many Forex Brokers inside united State not regulated by NFA because they don't work with Future Trading but they are complying with them & follow the same rules as the Forex broker that regulated with NFA.

Forex Broker Regulation - Part Two

Difference Between Regulated And Complying

The Most Common Question that traders ask brokers is:

"Are You Regulated by NFA?"
"Are You Regulated by FSA?"
"Are You Regulated by CFTC?"
"Are You Regulated by SEC?"
"Are You Regulated by SIPC?"
"Are You Regulated by FINRA?"
"Are You Regulated by Mr.X?" :)

No, Don't Ask this question because there are many fictions regulations. Don't Be The Fish!
The Right Action to take is to compare between the rules and restrictions of the regulatory associations and the rules that the broker follow.

Complying With FSA means that this broker working in the regulation process and follow all the rules that the regulatory body has.

Regulated By FSA means that this broker already regulated by FSA & may Follow the rules.

Why?
NFA, FSA, CFTC, SIPC, SEC, .....etc all of these associations are private sectors in the origin. The Main Aim is to Collect as much brokers as they can to increase from their popularity beside the governmental associations
Do You Know that FSA, NFA or others charge Millions Of Dollars to authorize the regulation of brokers. All these money are distributed as following;
1- Part For The Tax Authority
2- Part For The Private Sector
3- Part For Governmental Sector
Some Brokers Play with these rules after paying all of these parts and it's time for scamming.

Don't Take Your Decision After The 1st Impression
Test The Services
Test The Trust
Test The Security
Test The Attitude
Test The Credibility
Test The History
Test The Quality
Test The Speed
Compare With Others
The Take Your Decision!

Forex Broker Regulation - Part Three

The difference Between NFA (National Future Association) And FSA (Financial Services Authority)

NFA [National Future Association]:
To Be Able To Register in NFA you must have the following:

1. You Brokerage Firm Based in United State
2. Working in Futures
   

These two rules are basically must be there to be able to regulate with NFA

FSA [Financial Services Authority]:
To be able to register with The FSA your brokerage firm must be exist & based in United Kingdom

Question: I have a brokerage Firm in United Kingdom. Can I register with NFA?
Answer: No You Can't. But If you have branches in USA you can do it

Question: I have a brokerage Firm in USA. Can I register with FSA?
Answer: No You Can't

Errors In The MetaTrader 4 | SigmaForex

Strange and unbelievable!

Meta Trader 4 has the option that you can enter more than type of account for different brokers through the same platform.

For Example If you installed SigmaForex Platform, you will find in your drive C: / the following Pass: [C:\Program Files\MetaTrader – SigmaForex]

If you installed another Meta Trader 4 for another broker a conflict can be occurred because 2 Meta Trader 4 but for different Brokers.

Let's continue our example with another broker like FXCM or Interbankfx or Swiss Global Broker. All of them are using Meta Trader 4 as trading station. Let's Install FXCM Software.

You will find this pass in your Drive C: / [C:\Program Files\FXCM Trader 4]

N.B: Some Versions of windows copy the same folders while installing the same version of the software

That you may find FXCM installed inside SigmaForex & this one from the disadvantage in Meta Trader 4 & Meta Quote published this issue in their FAQs to be available for Traders to solve the issue.

The Solution is to open the platform that you are using e.g.: SigmaForex. Then Open a folder called Config. [C:\Program Files\MetaTrader - SigmaForex\config]

You have to erase All SRV files for other brokers & just leave SigmaForex-Demo.svr and SigmaForex-live.svr

And here's the post of the Meta quote from their website:

"Client terminal allows you to connect to any MetaTrader 4 Server. If you connected to another company's server from your client terminal, the parameters of that connection were stored in a special configuration SRV file in the "\MetaTrader 4\config\" folder of the client terminal.

To remove foreign servers from the server list of your client terminal, just go to the "\MetaTrader 4\config\" folder of the client terminal and delete the unnecessary SRV files.

MetaTrader4 Creats Conflict between SigmaForex and InterBank FX

Confusions seem to be endless with technical programs. As a result of using MetaTrader4 program, many intersections between different platforms occur.

Applying this fact between SigmaForex platform and that of InterBank FX, while installing any of them.

InterBank FX MetaTrader4: After installing InterBank FX MetaTrader4 you will find the extension

[C:\Program Files\Interbank FX Trader 4\config]

Open the folder that called "config" you will find InterBank FX Demo.srv and InterBank FX -Live.srv

SigmaForex also have the same Forex Software but under their name Meta Trader 4.

Let's run the setup of this software & go the same extension again [C:\Program Files\MetaTrader - SigmaForex\config], Open also [C:\Program Files\InterBank FX Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names.

The Result:

That you will be able to be connected with two kinds of servers through one program!

MetaTrader4 Creats Conflict between SigmaForex and FXCM

Let's Do It Again Using SigmaForex and FXCM (Forex Capital Market)

MetaTrader4 is mostly used among brokers because it is so simple in use & easier for new traders in Forex market, and more accurate.

There are many advantages for this Forex Software but as we know that there is no perfectness without drawbacks; so, one of the most known drawbacks of Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SigmaForex also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\MetaTrader - SigmaForex\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

Intersection between MetaTrader4 Programs

As you know that MetaTrader4 used widely among brokers because it is so simple in use & more easy for new traders in Forex market.

There are many advantages for this Forex Software but as we know that there is no advantages without disadvantages; so, one of the most disadvantages in Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SGB (Swiss Global Broker) also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\Swiss Global Broker\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

USD & EUR Movements In 16 / JUL

U.S. Dollar Trading (USD)
U.S. Dollar Trading (USD) was under severe pressure most of yesterday as shares continued to slump driven by financial and energy stocks. Fed Chief Ben Bernanke commented on slowing growth and President Bush held a press conference to talk about his plans for offshore drilling with the combined effect of a severe pullback in Crude Oil falling over $9 per barrel at one point. The large drop in Oil allowed the dollar to pare some losses in the US session. US data included June PPI surging 1.8% m/m above expectations of 1.3% although Core PPI was a more moderate 0.2%. June Retail Sales were slightly weak at 0.1% m/m vs. forecasts of 0.4% although Core Retail sales came in 0.8%. In the U.S. share markets, the NASDAQ was up 2 points (0.13%) and the Dow Jones was down 92 points (-0.84%). Crude Oil closed down $6.44 ending the New York session at $138.74 per barrel. Looking ahead, June CPI is seen at 0.7% m/m with year on year at 4.5%. June Capacity Use is seen at 79.3 slightly down from 79.4 in May along with June Industrial Production expected flat at 0.0%. FED Chief Bernanke testifies again tonight.

European Euro
The Euro (EUR) made new record highs during the European session as US banking concerns intensified. The July German Zew survey stunned to the downside at -63.9% vs. expectations of -55%. The Euro shrugged off the poor data though trading above the 1.6000 level before a large slump in Crude Oil pushed the single currency lower. Overall the EUR/USD traded with a low of 1.5866 and a high of 1.6040 before closing the day at 1.5975 in the New York session. Looking ahead, the June HICP is seen at 0.4% after jumping 0.6% last month.

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JPY & GBP Movements In 16 / JUL

Japanese Yen (JPY)
The Japanese Yen (JPY) gained across the board as risk aversion spiked high and carry trades were liquidated. The Bank of Japan held rates at 0.5% yesterday and reported a lower growth forecast this year in the BOJ monthly report. EUR/JPY fell significantly through supports at 168 and 167. Overall the USDJPY traded with a low of 104.16 and a high of 106.27 before closing the day around 105.06 in the New York session.

Pound Sterling (GBP)
The Sterling (GBP) broke through resistance at 2.0000 level surging to highs of 201.57 as USD weakness and UK inflation data supported. June CPI hit 3.8% vs. expectations of 3.6% will above the 3% mandate set out for the MPC. Overall the GBP/USD traded with a low of 1.9933 and a high of 2.0157 before closing the day at 2.0018 in the New York session. Looking ahead, June claimant count is seen at 10K up from 9K and May Unemployment Rate seen at unchanged at 5.3%.

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AUD & XAU Movements In 16 / JUL

Australian Dollar (AUD)
The Australian Dollar (AUD) surged to new post float highs as gold surged and the USD weakened. The July RBA meeting minutes were seen balanced with the central bank reiterating that current rates were appropriate and that demand should slow tempering inflation. Overall the AUD/USD traded with a low of 0.9709 and a high of 0.9849 before closing the day at 0.9779. Looking ahead, RBA Governor Stevens will be speaking on the challenges of monetary policy

Gold
Gold (XAU) continued to rally as safe haven flows increased on slumping stocks. Overall trading with a low of USD$968.70 and high of USD$988.15 ending the New York session at USD$977 an ounce.

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Technical Analysis

Technical Analysis: USD Finds Support
Euro (EUR)
Euro – 1.5905 : Initial support at 1.5866 (July 15 low) followed by 1.5841 (July 14 low). Initial resistance is now located 1.6038 (July 15 high) at followed by 1.6064 (1 month potential bull channel top).

Yen (JPY)
Yen – 104.75 : Initial support is located at 104.16 (July 15 low) followed by 103.69 (38.2% retracement of 0.9576-108.59). Initial resistance is now at 106.28 (July 15 high) followed by 106.82 (July 14 high).

Pound Sterling (GBP)
Pound – 2.0055 : Initial support at 1.9959 (July 11 low) followed by 1.9815 (July 14 low). Initial resistance is now at 2.0157 (July 15 high) followed by 2.0193 (Mar 27 high)

Australian Dollar (AUD)
Australian Dollar – 0.9805 : Initial support at 0.9708 (July 15 low) followed by 0.9664 (July 14 low). Initial resistance is now at 0.9849 (July 15 high) followed by 0.9895 (Bull channel top).

Gold (XAU )
Gold – 975 : Initial support at 968.4 (Jul 15 low) followed by 954.85 (Jul 14 low). Initial resistance is now at 988.4 (July 15 high) followed by 988.49 (76.4% retracement of the 1032.50-846.00 decline).

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