you may find our thread, "swiss franc bankrupts brokers
," to be of interest. fxcm gets a lot of attention because they are publicly traded and must disclose more, but i think the entire industry experienced some considerable pain due to the move in the CHF. as such, i don't think the risk is broker-specific, but rather industry-specific. i think the financial system as a whole is very fragile, and we may find similar liquidations in futures -- which in fact we saw multiple brokerages close suddenly with difficulty allowing their customers to withdraw -- and perhaps even stocks and banking in the future as well, as we saw depositors in cyprus unable to get their money back. personally i think the solution is simply to hedge with possession of physical gold
, and to balance your risk in financial markets accordingly.
in sum, i personally don't think fxcm is riskier than other forex brokers -- but i think the industry as a whole has some deposit risk.