class action against FXCM

Quote from FXCM lawsuit:

Here is an excerpt of the complaint against FXCM filed in federal court, illustrating one of the schemes

"On May to September FXCM represented that it could not honor the price quoted for a currency exchange trade because the “price had moved”. The representation was false, the true facts were that the original price quoted was not the real price, but a delayed price. FXCM benefited by this misrepresentation by effecting Plaintiff's trades at a false price when it was beneficial to FXCM, but denying the trade when it was not."
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READ YOUR CONTRACT WITH FXCM, prior to wasting anymore time here.

There is no "real price" when dealing with a dealer other than their price. seriously, man, your going down the wrong road.

surf
 
Quote from FXCM lawsuit:

Do you know that FXCM displays delayed quotes?
What connection do you have to FXCM?Why do you know the contract so well?
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I think Marketsurfer is employed with FXCM as a salesman/broker if I am not mistaken...can't exactly remember what his job is there.
 
Quote from FXCM lawsuit:

Do you know that FXCM displays delayed quotes?
What connection do you have to FXCM?Why do you know the contract so well?
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i read and understand the contracts prior to sending money to anyone.

i have no connection to FXCM other than having a small account with them.

what do you mean by "delayed quotes"? delayed based on what? if its true, it would be a way to make some easy money trading... we use to search for opportunities like this--found and exploited several, but they are pretty much gone now to the best of my knowledge.

if they are actually involved in some type of chicanery--- i wish you the best in your endeavor, however based on your statements thus far--- no case.

surf
 
Quote from Darkside:

I think Marketsurfer is employed with FXCM as a salesman/broker if I am not mistaken...can't exactly remember what his job is there.
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no, this is totally false. no connection whatsoever other than a small account.

surf
 
Quote from marketsurfer:

no, this is totally false. no connection whatsoever other than a small account.

surf
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I think he was being facetious.

How about posting a link about this federal lawsuit? Share the info. Sounds like bs to me.

But as the saying goes, you lie with dogs you wake up with fleas.
 
I made a lot of posts explaining exactly what reatail forex industry is. But I guess not too many people want to user search button before investing into forex mm.

FXCM does what they say in their contract. Interpration is the key though.
 
Making general assertions such as "FXCM does at it says in the contract" does not help us. It only makes you suspect as not being independent, unbiased and detached from FXCM.
What is your conection to FXCM? Why do you know the contract so well to make that assertion?
Where does the contract say that quotes are delayed?
Or that FXCM refuse trades when not convenient to FXCM?
 
Quote from marketsurfer:

no, this is totally false. no connection whatsoever other than a small account.

surf
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Okay no worries, that's right. He manages a small FXCM fund account if I remember. Thanks for clearing that up.

I wonder if it's the same fund that is getting advertised as like 35% for the year?

Can you tell us more about it Surf?
 
Quote from Darkside:

Okay no worries, that's right. He manages a small FXCM fund account if I remember. Thanks for clearing that up.

I wonder if it's the same fund that is getting advertised as like 35% for the year?

Can you tell us more about it Surf?
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I used to want to invest in Surf's FXCM fund, but now I want to invest in Timmy's short-only fund. Timmay!
 
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