FXCM lays off 150 employees and redoes Leucadia agreement | Forex Factory

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FXCM lays off 150 employees and redoes Leucadia agreement

  • #1
  • First Post: Feb 7, 2017 6:28am Feb 7, 2017 6:28am
Continuing the amazing drama in the wake of the ban of retail forex broker FXCM and its CEO Drew Niv from the US FX market, and the subsequent sale of FXCM’s US clients to rival Gain Capital, LeapRate has learned that FXCM has made filings with US regulators that it plans to terminate about 150 employees.

The 150 employees represent about 18% of FXCM’s global workforce of more than 800.

FXCM also indicated that it had reworked some aspects of its agreement with Leucadia.


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  • #2
  • Feb 7, 2017 5:09pm Feb 7, 2017 5:09pm
Compared to the 185 million that Wells Fargo was fined, this doesn't seem that bad. However, fxcm looses all credibility while somehow Wells

Fargo continues on, higher stock price than it ever was!! They only choose to destroy fx brokers to help you know who.
  • #3
  • Feb 7, 2017 5:23pm Feb 7, 2017 5:23pm
Quoting Markula
Compared to the 185 million that Wells Fargo was fined, this doesn't seem that bad. However, fxcm looses all credibility while somehow Wells Fargo continues on, higher stock price than it ever was!! They only choose to destroy fx brokers to help you know who.
Well except Wells Fargo REALLY DID commit REAL fraud, cheating on their customers, pocketing fees. The charges against FXCM is still trumped up if you ask me, just an excuse to drive it out of the retail fx market.
Make your losses in demo. Earn your profits live.
  • #4
  • Feb 7, 2017 5:25pm Feb 7, 2017 5:25pm
Quoting Forexia
{quote} Well except Wells Fargo REALLY DID commit REAL fraud, cheating on their customers, pocketing fees. The charges against FXCM is still trumped up if you ask me, just an excuse to drive it out of the retail fx market.

Wells Fargo was also in the CIA/Drug Cartels money laundering machine...just research it! ;-)
  • #5
  • Feb 7, 2017 5:50pm Feb 7, 2017 5:50pm
And in they come ...

http://financefeeds.com/unfortunatel...ts-begin-fxcm/
  • #6
  • Feb 7, 2017 6:30pm Feb 7, 2017 6:30pm
http://www.forexscamalerts.com/fxcm-...ined-7-million

shit, the forex broker selection just got SMALLER for US traders..means less competition, and BIGGER FUCKING SPREADS!!!
  • #7
  • Last Post: Feb 7, 2017 6:41pm Feb 7, 2017 6:41pm
Quoting lasty
And in they come ... http://financefeeds.com/unfortunatel...ts-begin-fxcm/
Yes the vultures all come out...
Make your losses in demo. Earn your profits live.
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