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FXCM goes downmarket, offering $50 minimum accounts and 400x leverage

From leaprate.com

FXCM Markets, the FXCM Inc (NYSE:FXCM) unregulated entity introduced in April 2013 has entered the mirco account threshold by newly lowering the minimum account requirement to only $50. The unregulated entity of FXCM has favorable trading conditions to those outside of the global firm’s traditional regulated global office centers. One of the attractive features of accounts falling under this entity is the 5% interest rate per annul on all balances up to $50,000. Those with such balances can thus earn up to an extra $2,500 per year which FXCM pays out monthly. The company states your funds are held in New York at Bank ... (full story)

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