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Old 10-13-2011, 07:54 AM   #31 (permalink)
 
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Hello David,

I have been hearing some talk about a law suit slapped on FXCM by one of the clients for US $ 2 million. Have you heard any thing about that?

Dubaidat.

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Old 10-13-2011, 11:55 AM   #32 (permalink)
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hi dubaidat,

see our previous thread pertaining to the fxcm class action lawsuit for more on that subject.

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Old 01-24-2013, 04:01 PM   #33 (permalink)
 
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Hi, do you recomend any other broker? I live in Brazil and FXCM doesn't accept brazilians
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Old 01-25-2013, 07:12 AM   #34 (permalink)
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hi luiz,

you can see what brokers our Badge members use via our broker matrix: Forex Brokers Review
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Old 02-28-2015, 12:42 PM   #35 (permalink)
 
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Hi!

Any thoughts on what recently happened to FXCM and how their stock dropped due to what happened? They seem to have managed to stay alive with the loan they got from Leucadia but the mid term perspective is still reserved for some.
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Old 03-01-2015, 07:18 AM   #36 (permalink)
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hi juancn,

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.
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Old 03-05-2015, 03:57 PM   #37 (permalink)
 
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Hi Simit!

I do agree with you, is a ver risky industry, however I was looking at the capital / client deposits ratio of the industry and noticed that FXCM was very tight when compared with other brokers its side. I'll go check that other forum for sure

Here's the link for the fcm data.

http://www.google.co.ve/url?sa=t&rct...,d.aWw&cad=rja
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