FXCM Booted Out on the Street!!

They were forced to withdraw. Which part are you still not understanding of the ruling communique. Stop reading press releases of companies and instead focus on the particulars of the ruling agreement.

Sig said:
Let's be clear here, they agreed to a settlement to exit the U.S. market. A market which they subsequently said was a money loser for them. No-one was "banned", they just agreed to leave to avoid a bigger fine for a market that they'd probably lose money in if they had a regulator looking over their shoulder.
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FSS_Scalper said:
Hopefully, Ninjatrader will connect with brokers like Tradersway, Tallinex, or FX Choice so US based traders can FINALLY trade with standard FX rules!

Currently, an AMP MT5 platform user (US client) can trade futures through AMP and then connect that same platform to FX Choice to trade FX with standard FX rules.

Ninjatrader needs a proper FX broker and fast...or they will start losing most all their FX trader base to the MT5 solution now in place.
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GAIN is the only place NT can hook up with. OANDA seems to be doing a lot of tech development. But, NT is more used to working with the older industry models. The brokerage acquisition was in response to lagging behind the fintech innovations.

Can you imagine waiting another 5-8 years for NT9? They are just a broker with an expensive toy platform now.

OANDA shows promise. I don't think they have been busted on anything, yet. Strange.
 
xandman said:
GAIN is the only place NT can hook up with. OANDA seems to be doing a lot of tech development. But, NT is more used to working with the older industry models. The brokerage acquisition was in response to lagging behind the fintech innovations.

Can you imagine waiting another 5-8 years for NT9? They are just a broker with an expensive toy platform now.

OANDA shows promise. I don't think they have been busted on anything, yet. Strange.
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OANDA has made honesty and transparency their competitive advantage since day 1. They may still have some tricks they're hiding, but it seems to run counter to the brand they've put so much effort into building so it wouldn't make much sense.
 
The remaining US FX brokers are terrible. Most all of these last FX brokers have poor user ratings and in the end you are stuck with junk Dodd-Frank damaged FX rules.

I am so glad I moved to all offshore brokers right after FXDD left the US markets...best move I could have made.
 
and why would they need to trick? Care to take a look at their average spreads in the G10 currencies? They earn a boat load from punters who do not know better or do not have the minimum required account balance to trade with more competitive outlets.

Sig said:
OANDA has made honesty and transparency their competitive advantage since day 1. They may still have some tricks they're hiding, but it seems to run counter to the brand they've put so much effort into building so it wouldn't make much sense.
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About time. A wonder how FXCM lasted this long amid all those rumors for over a decade. What about TD Ameritrade or IB. Is forex trading with them "safe"?
 
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