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Considering recent regulatory actions taken against under capitalized Forex brokers it is extremely important for retail traders and introducing brokers to align themselves with a well capitalize and reputable Forex broker. FXCM Group is one of the most well capitalized Forex brokers...

FXCM has always offset client trades in the interbank market however the way in which this takes place has changed in 2007. Prior to 2007 customer trades would go to the FXCM dealing desk which would then offset trades in the interbank market. In 2007 FXCM switched to what traders commonly...

Yes when a trader residing anywhere in the world including the US opens an account with FXCM UK their funds are held in a segregated account. While you should check with your attorney/tax adviser for specific situations in general it is legal for a US trader to open an account in the UK...

For anyone who may not be familiar with the term, funds designated as segregated are required by a regulatory body to be held in separate accounts from a firm’s other accounts. In addition to this funds designated as segregated funds are considered secure creditors and as such receive...

My response to the question of FXCM being referenced in the above complaint The FXCM referred to in this complaint against James de Wet is the same as Forex Capital Markets LLC the entity where clients open an account when they trade forex with my firm, not FXCM LLC which is a dormant FCM set...

FXCM has never offered futures trading in any capacity whether it be trading with FXCM or via a third party account manager. David Waring Managing Director FX Business Development Forex Capital Markets LLC 32 Old Slip, 10th Floor New York, NY 10005 Tel (212) 897-7660 Fax (212)...

One thing that I would like to clarify on this list is that FXCM LLC is an FCM registered by FXCM to potentially offer futures trading down the line. There are no clients under this FCM. The FCM where client's open a forex trading account, as you can see from our trading agreement and the...

In my previous post about FXCM's Propfx platform there have been many points brought up about FXCM's retail offering which is our company's main product. As such I have started this thread to open up a conversation about FXCM's Retail forex offering and address any points which I feel...

Yes while the prices may be different ie the spread in the interbank market is 2 pips in Cable normally, what you are getting at above is correct. FXCM's brokerage is built into the spread by adding a fixed rebate which comes to us for offering the product. Unless I am misunderstanding the...

FXCM is not a market maker on the Propfx platform which means that we do not provide a price stream to the platform. FXCM earns revenue by receiving a fixed rebate from the banks that provide prices on the platform for the order flow that our clients trade on the platform. So in this sense yes...

My name is David Waring and I am the Managing Director in charge of Business Development here at FXCM. I came across this post and would like to address the community here at Elite Trader with a response to make sure that both sides of the story are properly represented. Let me start by...

FXCM Comments on the CFG Trader Transaction • Yesterday the US District Court in Richmond, Virginia approved the transfer of the assets of Richmond-based CFG Trader, a forex trader, to a South Florida currency broker. • CFG was forced to suspend business on March 21, when the National...

FXCM would like to inform anyone who has an account with CFG Trader (aka Forefront Investments Corporation) of the following press release. FXCM Makes Offer to Rescue 3,800 Forex Trading Accounts of CFG Trader: NFA and CFTC Currently Reviewing Offer March 26, 2007 • CFG Trader...

Official letter from Forex Capital Markets, LLC Although it is our policy not to interact on message boards we have noticed there are clearly incorrect statements being made about Forex Capital Markets, LLC’s regulatory status and financial condition. Since regulatory status and...