Hi guys.
For those of you using FXCM and has been asked to remit funds to balance the negative acc. Feel comfortable to ignore them. Today’s news indicated very clearly they are now undercapitalized and is negotiating to the regulators in order to “keep them in the business”. This means FXCM is about to be forced to terminate their entire business by the various governments/regulators around the world. My prediction is FXCM’s clients are now scared to death and will rush to withdraw their fund in order to protect themselves. The consequences of the above two factors mentioned is FXCM will have to file for chapter 11 very very soon.
For those of you using FXCM and has been asked to remit funds to balance the negative acc. Feel comfortable to ignore them. Today’s news indicated very clearly they are now undercapitalized and is negotiating to the regulators in order to “keep them in the business”. This means FXCM is about to be forced to terminate their entire business by the various governments/regulators around the world. My prediction is FXCM’s clients are now scared to death and will rush to withdraw their fund in order to protect themselves. The consequences of the above two factors mentioned is FXCM will have to file for chapter 11 very very soon.