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Thread: FXCM has a hole of 225 millions of dollars

  1. #1
    Senior Member fxtester's Avatar
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    Default FXCM has a hole of 225 millions of dollars

    That's the amount of the negative balances of their clients :

    FXCM Comments on Swiss Franc Movement (NYSE:FXCM)

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    Senior Member fxtester's Avatar
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    FXCM Inc is not quoted on the NYSE anymore, its price would be fixed at 1 US Dollar versus 16 USD at the beginning of the week.

    Unless FXCM finds new funds to survive, it could disappear too.

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    FXCM gets a lot of bad PR from amateur traders.
    If you are a real trader/investor/whatever, you know that ALL brokers have a "B Book" where they CAN take the other side of your trades. Why not? It's a Capitalist thing to do.

    FXCM has never "played with" anything, and has very reasonable spreads.

    They have BY FAR the most regulated jurisdictions in the world (regulation overview)for FX brokers and deposits/withdrawals are both handled extremely quickly.

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    Quote Originally Posted by Robert Boyer View Post
    FXCM gets a lot of bad PR from amateur traders.
    If you are a real trader/investor/whatever, you know that ALL brokers have a "B Book" where they CAN take the other side of your trades. Why not? It's a Capitalist thing to do.

    FXCM has never "played with" anything, and has very reasonable spreads.

    They have BY FAR the most regulated jurisdictions in the world (regulation overview)for FX brokers and deposits/withdrawals are both handled extremely quickly.
    I don't have any experience with FXCM, but I've read recently that FXCM was fined by a French regulator for 200000 euro.

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    And what interesting thing for beginners can a broker offer ?

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