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Barclays Margin FX

  • #1
  • First Post: Mar 19, 2013 7:31pm Mar 19, 2013 7:31pm
All this mess around Cyprus is making me a bit nervous so I'm looking for a new safe europen broker or preferably bank.
I've traded forex with Lqdmarkets (former Tadawulfx) and I've been very satisfied with their servise but I'm not
willing to jeopardize my capital by trading with any Cyprus broker anymore.
Does anyone have any experience with using Barclays Margin FX?
They claim to be Barclays's branch for retail forex clients, so client's money should be deposited at Barclays, am I right?
  • #2
  • Mar 19, 2013 7:54pm Mar 19, 2013 7:54pm
This is a FXCM whitelabel. You get the same as with fxcm, just with the Barclays name on it.
  • #3
  • Mar 19, 2013 8:15pm Mar 19, 2013 8:15pm
Quoting shrike
This is a FXCM whitelabel. You get the same as with fxcm, just with the Barclays name on it.
I do not believe they're only white label for FXCM. In their's terms & conditions it's written that "Barclays Margin FX is a trading name of Barclays Stockbrokers Limited" which is subsidiary company of Barclays Bank PLC (the third biggest currency trader in the world).
  • #4
  • Mar 20, 2013 5:58am Mar 20, 2013 5:58am
Then google "barclays whitelabel fxcm". They are just outsourcing the business for the smalltimers, like Deutsche Bank did before they left the retail market.

You can look at RBS Marketindex or Citi if you want to trade with a bank.
  • #5
  • Last Post: Mar 20, 2013 7:59am Mar 20, 2013 7:59am
Quoting Tom81
All this mess around Cyprus is making me a bit nervous so I'm looking for a new safe europen broker or preferably bank.
I've traded forex with Lqdmarkets (former Tadawulfx) and I've been very satisfied with their servise but I'm not
willing to jeopardize my capital by trading with any Cyprus broker anymore.
Does anyone have any experience with using Barclays Margin FX?
They claim to be Barclays's branch for retail forex clients, so client's money should be deposited at Barclays, am I right?
Hi Tom,

Barclays Margin FX is a fully disclosed partner of FXCM, which utilizes FXCM’s technology and trading platform. The pricing behind Barclays Margin FX is bespoke. Clients are customers of Barclays Stockbrokers and hold their funds with Barclays. For further detail we encourage you to speak directly to a specialist with Barclays Margin FX, which you can communicate with by emailing [email protected] to arrange a call.

Jason
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