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FXCM presses the CFTC on customer protection
LeapRate has learned that FXCM, the world's largest retail FX brokerage (and a member of LeapRate's Approved List of global FX firms) , has written a formal letter to the CFTC, encouraging the CFTC to implement several changes in its regulation of futures and forex brokers (both FCMs and RFEDs). FXCM's recommendations are meant to increase real transparency and disclosure of broker's health and strength, enabling clients to make better decisions in their choice of a brokerage. The full text of the letter is included below. The key recommendations include requiring all regulated brokers to: employ a "Top Ten" ... (full story)