Regulators Are Trying Turn Crypto Into Forex

I used to trade forex over 10 years ago. Their used to be a lot more brokers in the US. Also a lot of ECN overseas brokers accepted US residents. A lot of people in the US made a lot of money. They decided to crackdown on retail investors and shut down and fine many brokers. Now for the most part Forex trading is dead in the US. All the good ECN brokers are overseas and they all ban US traders because the US government makes it impossible for them to accept people from the US

So in the Land Of The Free we have two major forex brokers Oanda AKA regulated Market Maker and Forex.com. Google Forexpeacearmy and the name of each of those brokers for reviews. Almost all the reviews are negative with major fraud and theft of customer funds. Market makers are huge frauds and their number 1 goal is to steal your money and they will do anything to take it. They literally close your account if your a successful trader.

It's not about protecting US citizens it's about control and all for them and none for us. It's all about fleasing US traders and taking their money. If you want to play with the big boys you need to be a corrupt banker or someone with power in the government. They want to do the same thing for crypto. They want to steal the technology and use it for evil. They could care less if you lose all your money. They want to control everything and make sure you stay poor so they can stay rich and in power.