FXCM Fallout

[MATRIXBINARY373]

http://www.financemagnates.com/forex/brokers/breaking-cftc-levies-7m-fine-fxcm-forced-quit-us-market/

Ouch… should I just go ahead and withdraw everything now?? Or just take a wait and see approach??

[blackadder]

This is why we can’t have nice things! (Seriously it’s getting thin pickings here in the us)

Breaking: FXCM to Sell US Accounts to GAIN Capital | Finance Magnates

States they have some time to transition before they sell off accounts to another company.

Personally I’d be yanking my cash yesterday.

[MATRIXBINARY373]

I feel bad for any of the US employees that may lose their job over this

I will probably spend the week at least checking Gain Capital/Forex.com out, to see if its something I can work with. If not, then I guess its time to fund a live Ninja Trader account

[skeltonmark]

FXCM Removed By CFTC And Fined $7 Million

By Darrell Martin The US Commodity Futures Trading Commission (CFTC) is an independent agency of the US government that was created in 1974 and regulates futures and option markets. Its mission is to foster open, transparent, competitive and financially sound markets. It aims to protect market users and their funds, consumers and the public from fraud, manipulation and abusive practices related to products that are subject to the Commodity Exchange Act. What if an organization is found to be a…