Haha, translation "we will do everything to continue to confuse and mislead customers and investors".
FXCM Booted Out on the Street!!
- Thread starter CBC
- Start date
Jason Rogers
ET Sponsor
To clarify, FXCM Group, LLC and its global subsidiaries and affiliates (FXCM UK, FXCM Australia, FXCM Germany, FXCM South Africa, etc.) will continue to offer forex and CFD trading services outside the US using the FXCM brand name.
It's only the publicly traded company FXCM, Inc. (which owns 50.1% of FXCM Group with Leucadia owning the remaining 49.9%) that has changed its name to Global Brokerage, Inc. The change of Global Brokerage's trading ticker symbol to "GLBR" went into effect at the opening of trading yesterday February 27, 2017 on NASDAQ, and the new CUSIP is 37891B109.
And you all accomplished exactly what with that bit of nonsense?
I better say that US laws does not allow their traders to trade with offshore or online brokers. Many brokers are also not accepting US traders.
"The FXCM Group is headquartered at 55 Water Street, 50th Floor, New York, NY 10041 USA.
Forex Capital Markets Limited ("FXCM LTD") is authorised and regulated in the UK by the Financial Conduct Authority. Registration number 217689. Registered in England and Wales with Companies House company number 04072877.
FXCM Australia Pty. Limited ("FXCM AU") is regulated by the Australian Securities and Investments Commission, AFSL 309763. FXCM AU ACN: 121934432.
FXCM Markets Limited ("FXCM Markets") is an operating subsidiary within the FXCM Group. FXCM Markets is not regulated and not subject to the regulatory oversight that govern other FXCM Group entities, which includes but is not limited to, Financial Conduct Authority, and the Australian Securities and Investments Commission.
FXCM Global Services, LLC is an operating subsidiary within the FXCM Group. FXCM Global Services, LLC is not regulated and not subject to regulatory oversight."
Who cares where they were "founded" or are headquartered? What part of "stay the hell out" is not understood here? ^^^Read above, guys.
It's not rocket science. (Which is fairly easy. Just buy a beginner Estes kit, and become a rocket scientist for $6. Solid-fuel engine not included, that will cost you an extra 10 bux or so.)
Forex Capital Markets Limited ("FXCM LTD") is authorised and regulated in the UK by the Financial Conduct Authority. Registration number 217689. Registered in England and Wales with Companies House company number 04072877.
FXCM Australia Pty. Limited ("FXCM AU") is regulated by the Australian Securities and Investments Commission, AFSL 309763. FXCM AU ACN: 121934432.
FXCM Markets Limited ("FXCM Markets") is an operating subsidiary within the FXCM Group. FXCM Markets is not regulated and not subject to the regulatory oversight that govern other FXCM Group entities, which includes but is not limited to, Financial Conduct Authority, and the Australian Securities and Investments Commission.
FXCM Global Services, LLC is an operating subsidiary within the FXCM Group. FXCM Global Services, LLC is not regulated and not subject to regulatory oversight."
Who cares where they were "founded" or are headquartered? What part of "stay the hell out" is not understood here? ^^^Read above, guys.
It's not rocket science. (Which is fairly easy. Just buy a beginner Estes kit, and become a rocket scientist for $6. Solid-fuel engine not included, that will cost you an extra 10 bux or so.)
Leucadia National Corporation, which loaned the US forex broker FXCM $300 million in January 2015, reported that it has nearly recovered the full amount of cash it invested in the broker.
There are still outstanding repayments on a principal balance of $123 million from FXCM and a remaining equity investment value of $187 million.
There are still outstanding repayments on a principal balance of $123 million from FXCM and a remaining equity investment value of $187 million.
No comment on FXCM, but I do love idiocy with numbers when it comes to reporters. If they made a $187M equity investment as part of a $300M deal then the original principle amount was $113M. FXCM still owes $123M. In what universe is being owed more than you originally lent recovering "Nearly.. the full amount of cash it invested in the broker."? Even if they meant the original loan was $300M in cash, in what universe is a little over half "nearly the full amount"? If reporters had money I'd love to borrow a bunch from him and then just repay him "nearly the full amount"!
i used fxcm for 7 yrs . Got my money deposited within 2 days when withdrawed never noticed any slippage ( i dont trade during fundamentals) . I dont care if they have the other side of my trade . YOur iether profitable or a loser . Them not trading against you wont make you a winner if you have a losing trading plan .