Class Action Lawsuit Against FXCM | Page 15 | Forex Factory

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Class Action Lawsuit Against FXCM

  • #281
  • Mar 9, 2011 4:55pm Mar 9, 2011 4:55pm
Quoting CodeMeister
I just received the following from a law firm in Orlando. Curious to know how they obtained my email. I don't think the laws of Canada allow me to participate in an American class action suit.


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[font=Arial]...
don't trust them.
  • #282
  • Mar 10, 2011 8:02pm Mar 10, 2011 8:02pm
Quoting CodeMeister
I just received the following from a law firm in Orlando. Curious to know how they obtained my email. I don't think the laws of Canada allow me to participate in an American class action suit.


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The Business Trial Group of Morgan & Morgan, P.A. is investigating potential fraud and unfair trade practices by certain Forex Dealer Merchants.

Included in our investigation are the following merchants:

[font=Arial][list][*]FXCM[*]FXDD[*]Gain Capital / Forex.com[*]IKON[*]MB...
This is the law firm that is currently suing FXCM and FXDD. Looks like they are just shooting in the dark hoping they would hit a target and strike it rich. They are not even doing market research to learn more about the market structure of Forex to pick targets. Typical Tort law ambulance chasers! And now they are trying to recruit plaintiffs to join in the lawsuit to increase their lawyer fee. What a bunch of clowns!
Make your losses in demo. Earn your profits live.
  • #283
  • Mar 10, 2011 10:18pm Mar 10, 2011 10:18pm
So should I join FXCM now for trading ? It's quite confused since many comments on this issue , have FXCM solved this issue yet ? Any news updated ?
Thank you.
  • #284
  • Mar 11, 2011 6:11am Mar 11, 2011 6:11am
Quoting HoangTuan
So should I join FXCM now for trading ? It's quite confused since many comments on this issue , have FXCM solved this issue yet ? Any news updated ?
Thank you.
Forget about FXCM, so many better options out there. For one their standard acc spreads are a complete joke.
  • #285
  • Mar 11, 2011 8:17am Mar 11, 2011 8:17am
Quoting HoangTuan
So should I join FXCM now for trading ? It's quite confused since many comments on this issue , have FXCM solved this issue yet ? Any news updated ?
Thank you.
Is FXCM really the best that you have found according to your criterias? I would say do some shopping before you decide.
Make your losses in demo. Earn your profits live.
  • #286
  • Mar 11, 2011 8:53am Mar 11, 2011 8:53am
All i have to say is that Market Maker times are over. It's time to move ECN - to the true market conditions.
  • #287
  • Mar 11, 2011 8:58am Mar 11, 2011 8:58am
Quoting Rader
All i have to say is that Market Maker times are over. It's time to move ECN - to the true market conditions.
lol
  • #288
  • Mar 11, 2011 12:50pm Mar 11, 2011 12:50pm
Quoting Rader
All i have to say is that Market Maker times are over. It's time to move ECN - to the true market conditions.
This is what I have been saying all along but this would only happen when the Forex market matures up that the traders would be able to come up with higher start-up capital and be able to trading with larger lot sizes profitably in order to attract liquidity without the MM's especially in the wake of the reduction of the leverage rate by the stupid CFTC.

The only reason why MM's exist is because they cater to a segment of market of small investors with limited capital but want to have a chance in making in Forex.
Make your losses in demo. Earn your profits live.
  • #289
  • Apr 16, 2011 9:50am Apr 16, 2011 9:50am
Any news on this lawsuit?

Thx
  • #290
  • May 3, 2011 12:21am May 3, 2011 12:21am
Quoting HankT
Any news on this lawsuit?

Thx
any news wld be nice..anyone?
  • #291
  • May 8, 2013 8:08am May 8, 2013 8:08am
Yes. News on the class action would be highly desired. Anyone?
  • #292
  • Last Post: May 8, 2013 11:30am May 8, 2013 11:30am
Quoting M1 Diverge
Yes. News on the class action would be highly desired. Anyone?
That case was dismissed in November of 2011.
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