Forex Factory (https://www.forexfactory.com/forum.php)
-   Broker Discussion (https://www.forexfactory.com/forumdisplay.php?f=74)
-   -   FXCM Discussion (https://www.forexfactory.com/showthread.php?t=8960)

allisonmagic Feb 19, 2017 5:32am | Post# 10061

http://www.zerohedge.com/news/2017-0...ions-against-c



Largest Retail FX Broker FXCM Banned By CFTC, Fined $7 Million For Taking Positions Against Clients



http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
Feb 6, 2017 6:24 PM
402
SHARES
TwitterFacebookReddit


The CFTC on Monday fined Forex Capital Markets, parent FXCM Holdings LLC and founding partners Dror Niv and William Ahdout to pay $7 million to settle charges it defrauded retail foreign exchange customers and engaging in false and misleading solicitations. As part of the settlement, FXCM agreed to withdraw its registration and never seek to register with the CFTC again, effectively banning it from operating in the US. The CFTC found the retail FX broker had an undisclosed interest in the market maker that consistently won the largest share of FXCM's trading volume, and was therefore taking positions opposite its retail customers.
The CFTC also found that FXCM willfully made false statements to the National Futures Association in order to conceal FXCM's role in the creation of its principal market maker as well as the fact that the market maker's owner had been an FXCM employee and managing director.

allisonmagic Feb 19, 2017 5:34am | Post# 10062

Jason Rogers


Remember when i said you were dirty ? Trading against your clients? You told me no. Lying scum.

I spent 3 years with FXCM losing. Time to get paid

USATrader007 Feb 19, 2017 6:18am | Post# 10063

Same here, 7 years with FXCM. Waiting.......$$$$$$$

allisonmagic Feb 19, 2017 8:31am | Post# 10064

Same here, 7 years with FXCM. Waiting.......$$$$$$$

Use an offshore

USATrader007 Feb 19, 2017 9:12am | Post# 10065

Just opened 2 accounts with the 2 ECN/STP Offshore brokers that are left for US traders. Leverage is 200:1 & 1000:1 vs FXCM 50:1. (more like 33:1 which is a killer because you need to enter more often, so more exposure to the markets AKA EFFEX Capital their crook, which equals to more DD drawdowns.)


FXCM REAL AND ONLY "Model of business"



{quote} Use an offshore

USATrader007 Feb 19, 2017 9:29am | Post# 10066

Forex Broker Models: ECN, STP, DMA, Market Maker and Hybrid


http://forextraininggroup.com/forex-...-maker-hybrid/#

RebeccaH Feb 19, 2017 9:48am | Post# 10067

Does anyone want to know why Trump was elected in the US? In this free nation, we're not allowed to trade with any other than onshore, US. Matter of fact, in the past eight years (when this all started) anytime I speak to anyone, the first thing they ask me is 'where do you live'. I say in the US and they immediately tell me they aren't 'allowed' to speak to me.
As someone pointed out in an earlier post, American's now, after losing FXCM, have two choices. Forex.com and Oanda and I'm not sure how long Oanda as been an option for us because I thought I spoke to them not so many years ago and the closest they were to us was Canada.
Hopefully this will change if we can get rid of Dodd-Frank, but we are very limited and I don't know if it's because they want to 'protect' us OR if they want to limit and control us but regardless the later is what is happening.
I am furious over this, can you tell? But now, I'm forces to make a quick decision. I appreciate all of your inputs.

RebeccaH Feb 19, 2017 9:51am | Post# 10068

One more question. I found a forum here for Oanda but not for Forex.com. As that correct, or did I overlook it?

USATrader007 Feb 19, 2017 11:19am | Post# 10069

I'll try to be nice...You cannot be too furious or too stupid..very unhealthy..forced to make a quick decision?? Click on pop-up box at bottom of FF screen>>>Forex.com/scam>>>Open Live account....

But but but....WAIT there's more >>>>>>>>>>>>>>>>>>>>>>>>

http://www.forexpeacearmy.com/forex-.../www.forex.com

http://www.forexpeacearmy.com/forex-...=2&per-page=10



Does anyone want to know why Trump was elected in the US? In this free nation, we're not allowed to trade with any other than onshore, US. Matter of fact, in the past eight years (when this all started) anytime I speak to anyone, the first thing they ask me is 'where do you live'. I say in the US and they immediately tell me they aren't 'allowed' to speak to me. I am furious over this, can you tell? But now, I'm forces to make a quick decision. I appreciate all of your inputs.

RebeccaH Feb 19, 2017 1:53pm | Post# 10070

thank you very much for these links, this is exactly what I needed.

USATrader007 Feb 19, 2017 2:35pm | Post# 10071

You're welcome.
Check this:

https://www.forexbrokerz.com/forex.c...ker-comparison

https://www.forexbrokerz.com/fx-choi...ker-comparison





thank you very much for these links, this is exactly what I needed.

nondisclosure00 Feb 19, 2017 4:53pm | Post# 10072

As much as I don't like non-regulated off-shore brokers. I'm beginning to like Traders Way the more I read about them.

nondisclosure00 Feb 19, 2017 5:31pm | Post# 10073

Well, I can't test whether or not my strategy would work with Traders Way. Their demo only has less than half of the 28 pairs I need.

USATrader007 Feb 19, 2017 6:44pm | Post# 10074

Hi, you need to go to "MT4 - View - Symbols -" & add the pairs you need.
{quote} Well, I can't test whether or not my strategy would work with Traders Way. Their demo only has less than half of the 28 pairs I need.

nondisclosure00 Feb 19, 2017 7:43pm | Post# 10075

Hi, you need to go to "MT4 - View - Symbols -" & add the pairs you need. {quote}
Holy cr*p; I'm getting old!!

USATrader007 Feb 19, 2017 8:04pm | Post# 10076

..no no..you're getting smart
{quote} Holy cr*p; I'm getting old!!

USATrader007 Feb 19, 2017 9:18pm | Post# 10077

Just for you.. virtual Jason:


Inserted Video

USATrader007 Feb 19, 2017 9:30pm | Post# 10078

http://www.bing.com/videos/search?q=...=0&FORM=VDFSRV

Laurentius Feb 20, 2017 2:46am | Post# 10079

Hello! I`m using FXCM already 3 years and they looks as good broker. They paid small profits, don`t know about big money trading, but for me this < 10000 USD they always pay without any problems.

USATrader007 Feb 20, 2017 6:30am | Post# 10080

What planet do you live on? Just curious...
Hello! I`m using FXCM already 3 years and they looks as good broker. They paid small profits, don`t know about big money trading, but for me this < 10000 USD they always pay without any problems.


© Forex Factory