The Jackal at night – The one you cannot trust. When reading the above report yesterday, I got so angry. Just to think of the audacity of these Big Banks ripping off clients, to fill their own pockets. My aim is to help my friends searching and experiencing Brokers that won’t ripped you off. However, there are no safeguards that even the most trustworthy Brokers cut some corners, and that is not easy to detect. This report concentrates on Windsor Brokers. Read full report here

1. Resources for the Independent Trader Blog
Discover How Traders Rig Currency
Rates to Profit Off Clients
The Jackal at night – The one you cannot trust

2. Dear Valuable Friend,
Traders Said to Rig Currency Rates to Profit Off Clients http://bloom.bg/14vtit1
via @BloombergNews
Just an excerpt:
No Rules
While U.K. regulators require dealers to act with integrity and avoid conflicts, there are
no specific rules or agencies governing spot foreign-exchange trading in Britain or the
U.S. That may make it harder to bring prosecutions for market abuse, according to
Srivastava, the Baker & McKenzie partner.
Spot foreign-exchange transactions aren’t considered financial instruments in the same
way as stocks and bonds. They fall outside the European Union’s Markets in Financial
Instruments Directive, or Mifid, which requires dealers to take all reasonable steps to
ensure the best possible results for their clients. They’re also exempt from the Dodd-
Frank Act, which seeks to regulate over-the-counter derivatives in the U.S.
“Just because Mifid doesn’t apply, the spot FX market shouldn’t be a free-for-all for
banks,” said Ash Saluja, a partner at CMS Cameron McKenna LLP in London.
“Whenever you have a client relationship, there is a duty there.”
When reading the above report yesterday, I got so angry. Just to think of the audacity of
these Big Banks ripping off clients, to fill their own pockets. The problem is that it is not
only banks but Forex Brokers as well, who are into this scheme. We know that there are
“thousands of Forex Brokers and online platforms, and a lot are real “dodgy” characters,
and it is really a problem finding “trustworthy” brokers in whom you can trust, and
where you can trade with confidence – Tight security, Honesty-Openness-
Transparency.
I just cannot understand that Governments cannot do something, or do Governments
prosper as well?
Now with Forex Traders, we fall prey to these unscrupulous behaviours. Who and how
can we trust our brokers?
My aim is to help my friends searching and experiencing Brokers that won’t ripped you
off. However, there are no safeguards that even the most trustworthy Brokers cut some
corners, and that is not easy to detect.
This report concentrates on Windsor Brokers. Why do I recommend them as part of
my Forex Broker Package to you? You must bookmark my other reports on the rest
of my Package to you in the coming days.
From the start dealing with them they handled every aspect with caution to ensure our
contract is beneficial to both parties, and that I want to transfer this attitude, yes,
attitude is so imperative, they are not there to “screw” you, but to ensure that you as
their client, get the benefits due to you. As said above: “Whenever you have a client
relationship, there is a duty there.”

3. Regulated and Legitimate
It is essential when selecting a broker to make sure that they are licensed & regulated
by a credible governmental body. Each licensing authority monitors the working
practices of financial companies, ensuring that all regulations are strictly adhered to.
The main purpose of the ICF is for clients of Cyprus Investment Firms to secure claims
against Cyprus Investment Firms in situations where the latter is unable to fulfil its
duties. More specifically in cases which arise from clients’ claims in connection with
investment services or the ancillary services it has provided.
Windsor Brokers Ltd. is licensed, regulated, authorized, and complies by the below:
CySec was established in accordance with section 5 of the Cyprus Securities and
Exchange Commission Law of 2001 as a public corporate body. CySec has a vast amount
of responsibilities, some of which include: Supervising and controlling the operation of
the stock exchange and the transactions carried out within it. Granting operation licenses
to investment firms and impose administrative sanctions and disciplinary penalties
against brokers when necessary.
The FCA (Previously known as the FSA) is an independent non-governmental body that
regulates the financial services industry in the UK. Financial firms authorized in the
European Economic Area (EEA) can offer certain products or services in any other EEA
country if they have a passport that entitles them to do so. These firms must be
regulated within their home country and must meet stringent standards which have been
agreed upon across the EEA.
The AMF is an independent public body which lays down the conduct of business rules
and obligations that must be fulfilled by authorized professionals to provide investment
services. Its purpose is to safeguard investments in financial instruments, ensure that
investors receive material information and maintain orderly financial markets.
BaFin is the German Federal Financial Supervisory Authority that belongs to the Federal
Ministry of Finance and as such has a legal personality. BaFin became the successor of
the Federal Banking Supervisory Office for the Securities Trading and the Federal
Insurance Supervisory Office. Now for the first time there is a uniform national
supervision for all ranges of financing.
The MiFID is a European Union Directive that was implemented in Cyprus as of the 1st of
November 2007. The MiFID provides a harmonized regulatory regime for investment
services across the EEA (European Economic Area). The main objectives of the directive
are to increase competition and consumer protection in investment services.
The main purpose of the ICF is for clients of Cyprus Investment Firms to secure claims
against Cyprus Investment Firms in situations where the latter is unable to fulfil its
duties. More specifically in cases which arise from clients’ claims in connection with
investment services or the ancillary services it has provided.

4. Registration for a Windsor Brokers account begins with a disclaimer that it should take
about 10 minutes, and we found this claim to be entirely accurate. Registration includes
question, signing off on several disclaimers and customary forms and the submission of
a valid form of identification. Identification can be submitted online or via fax or mail.
Unlike some Forex brokers who offer instant trading, Windsor Brokers requires account
validation before real trading can begin. Demo accounts must also be pre-validated by
submitting your email account before you can register for a demo account. These
advanced security tactics prolonged the registration process in some ways, but did offer
an added sense of security to the entire brokerage.
I am extremely impressed that Windsor offers all of its crucial information upfront so
that there are no surprises during any stage of the trading process.
The best way to find out if the above is the truth is to experience their entire service
package. Please note that they don’t cater for beginners.
Breaking News
The yen jumped against the dollar on Thursday to levels not seen since the Bank
of Japan unleashed aggressive stimulus in early April, as a slide in stocks prompted
investors to unwind bets it would weaken.
The yen rose more than 2 percent to hit 93.75 yen to the dollar after
Japan's Nikkei share index closed down 6.4 percent. Traders said the yen could rise
towards the April 2 low of 92.57 yen in the near term.
USDJPY Near Term: Downside favored

5. Time: 13-06-2013 08:17:00
Pivot: 95.60
Our View: Short position below 95.6. Target 93.5. Conversely, break above 95.6, to
open 96.2.
Comments: The pair breaks below support.
Key levels
97.00
96.20
95.60
94.11 Last Price
93.50
92.50
92.00

6.  13/06/2013 - 10:01
AUDUSD failed to break resistance at 0.9540 on first attempt. Last Trade 0.9514 .
 13/06/2013 - 09:38
GBPUSD prints fresh session low at 1.5645.
 13/06/2013 - 08:00
EUR: ECB Monthly Bulletin: Provides detailed analysis of current & future eco
conditions & data used to evaluate the Interest rate decision
 13/06/2013 - 07:36
CHF PPI (Producer price index) MAY M/M -0.3% vs Exp. 0.1% Prev. 0.2%.
 13/06/2013 - 07:00
Coming up: CHF PPI (Producer price index). Exp. :0.1%, Prev.: 0.2%.
 13/06/2013 - 06:13
GER Wholesale Price Index MAY M/M -0.4% vs Exp. -0.2% Prev. -0.2%.
Source: Windsor Brokers
If you have any questions please do not hesitate to contact Windsor Brokers dedicated
customer support team as well I. If something is wrong, I’ll always to be of assistance. I
believe to fix problems. For every problem there is a solution.
Thanks for reading.
Trade smart, not with Greed
Pierre A Pienaar
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Pierre A Pienaar retired in 2011 from business.
I would like to share my passion, my interests, knowledge & experiences
in Forex, Options, Gold Investments, Futures, Stocks, Binary Options,
Economics, Stamp Collection, Sports, Gardening, Reading, Photography,
and Politics
Substantial risk of loss
There is a substantial risk of loss of stocks, forex, commodities, futures, options, and
foreign equities are substantial.
You should therefore carefully consider whether such trading is suitable for you in light
of your financial condition. You should read, understand, and consider the Risk
Disclosure Statement that is provided by your broker before you consider trading.