The scheme deployed by FXCM was complex and varied, utilizing aggressive and pervasive marketing and advertising campaigns, including television, internet, seminars, webinars, and other media, portraying FXCM as a foreign currency trading platform where investors could trade foreign currencies in a true market environment. The advertisements were specifically targeted to convey a sense of trust and transparency to potential FXCM customers and to gain the customers confidence in FXCMs trading platform. To further bolster customers confidence in its platform, FXCM enticed customers to use FXCMs practice or demo account (hereinafter, the Demo Account) to simulate an FXCM trading experience. But the Demo Account, just like the myriad advertisements, misled customers about the true nature, functionality, and performance of the platform. Once lured into opening an account, customers were subjected to a staggering array of stratagems and ploys, some using extremely sophisticated computer software based upon complex algorithms and high-speed computers, to deceive the customers into believing that their trading was being affected by normal market forces, while in reality FXCM traded against its own customers.
Disliked{quote} {quote} {quote} {quote} {quote} Hi Everyone, The case you're referring to was filed in February of 2011 and was dismissed in November of that same year. A quick search shows this was already pointed out in December of 2011: http://www.forexfactory.com/showthre...ed#post5234250Ignored