Googling around about online forex or online forex brokers and came across sp@m, do you guys try this website before, is it trustable? They even have free demo before invest, any feedback about this website?

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MF Global (OTC Markets Group: MFGLQ), formerly known as Man Financial, was a major global financial derivatives broker. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global was also a primary dealer in United States Treasury securities. On October 30, 2011, a unit of the New York-based brokerage reported a “material shortfall” in customer funds. Customer accounts with $5.45 billion were frozen Oct. 31, the same day the parent company - MF Global Inc. - filed the eighth-largest U.S. bankruptcy. The shortfall in customer accounts may be as large as $1.2 billion, or 22%, according to the trustee overseeing liquidation. [2][3] MF Global improperly mixed customer funds and used them for its own account for at least several days before the bankruptcy and even transferred funds outside the country. [4]The brokerage used a large number of complex and controversial repurchase agreements or "repos" for funding and for leveraging profit, many off their balance sheet.[5][6]. Some of these complex repos have been described as a wrong-way $6.3 billion trade MF Global made on its own behalf on bonds of some of Europe’s most indebted nations. Failure of the repo positions helped cause the liquidity crisis at the firm.[7][8] The bankruptcy highlights the ongoing difficulty in regulating complex global financial firms, the dangers of off-balance-sheet accounting as well touching on the European sovereign debt crisis.[9][10]

MF Global was the brokerage segment of Man Group until 2007, when the business decided to split the investment and brokerage businesses so they could each focus on their own markets. An IPO was done for the brokerage business which was renamed MF Global to distinguish it from the investment business which remained as Man Group. The company was registered in Bermuda, but subsequently moved its registration and headquarters to the United States.[11]

http://en.wikipedia.org/wiki/MF_Global
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