After boasting several years brilliance aura, as the ex-biggest forex brokerage under CFTC in America, FXCM came to a sticky end eventually that was ordered to withdraw from the US market with a civil monetary penalty $7 million and the CEO Niv cant reapply for the NFA associate membership or principal status. And FXCM signed agreement with GAIN Capital to sell the US clients.
The breaking news has triggered clients indignation and much fear so that FXCM is undertaking a downward plunge of the stock market. Now FXCMs market value is less than one over tenth of $200 million.
But FXCMs event in 2017 should not come as a big surprise.FX110 warned that retail traders must maintain keen vigilance against FXCM in 2015, and reported many details of the NFA files accusing FXCM from 2004 to 2017 in Chinese versions.
Within responsibility, as the most professional and influential forex consulting portal in China, FX110 took the risks of being hacked and released a warning that Chinese investors had better withdraw their deposits from FXCM earlier for preventing the funds run in 2015.
(Click here: http://www.fx110.com/special/view-113.html )
In the press release made in January, 2015, FX110 reminded investors or retail traders that FXCM was running in the red especially after Black Swan Event in 2015.Moreover, the investment bank Jefferies Group LLC, a subsidiary of Leucadia National Corporation, granted a jumbo loan valued at $300,000,000 up to 1.7 points of interest, which is more stringent than domestic usury. Since that time, FXCM had great difficulties to pay down the huge loans so that FXCM had to offload a series of assets.
In March 2015, FXCM Japan was sold to Japan retail foreign exchange brokerage Rakuten Securities at the price of $ 62 million.
In September 2015, Rakuten Securities acquired FXCM Asia.
More details please Click Here: http://www.forexmedia.com/cn/newsdetail/201
Based on the FXCMs actions after the Black Swan Event in 2015, FX110 inferred that FXCM may deprive clients of deposits to do proprietary trading and use a Dealing Desk model to be a market maker for repaying the massive debt.
Nevertheless, many didnt believe and even attacked FX110 in website with false information. Not unexpectedly, however, on February 6, 2017, FXCM has been banned by CFTC for taking positions against clients. Besides that, the supervision status of FXCM Chinese clients was moved from FXCM UK to FXCM Australia.
All of these breaking news and the inside stories of FXCM provides a strong evidence for FX110s predictions.
At the moment, through a special column of FX110, supporting to offline the FXCM in the Evaluation Column has grow to 94.19%. By contrast, those who have another thought that FXCM should be online in that column has only 5.81%.
The survey are getting mixed reviews, however, many if not most of the clients or other retail traders shows their strong dissatisfaction towards to FXCMs fraudulent conduct.
More details about the Chinese retail traders comments on FXCM forced to exit from US market, please click：http://www.forexmedia.com/en/newsdetail/497
Be aware of little mistake; a small leak can sink a large ship. Except for repaying the outstanding loan from Leucadia National Corporation, FXCM may face more severe challenges from global clients withdrawing applications, which has a high probability to trigger FXCMs liquidity squeeze.
The breaking news has triggered clients indignation and much fear so that FXCM is undertaking a downward plunge of the stock market. Now FXCMs market value is less than one over tenth of $200 million.
But FXCMs event in 2017 should not come as a big surprise.FX110 warned that retail traders must maintain keen vigilance against FXCM in 2015, and reported many details of the NFA files accusing FXCM from 2004 to 2017 in Chinese versions.
Within responsibility, as the most professional and influential forex consulting portal in China, FX110 took the risks of being hacked and released a warning that Chinese investors had better withdraw their deposits from FXCM earlier for preventing the funds run in 2015.
(Click here: http://www.fx110.com/special/view-113.html )
In the press release made in January, 2015, FX110 reminded investors or retail traders that FXCM was running in the red especially after Black Swan Event in 2015.Moreover, the investment bank Jefferies Group LLC, a subsidiary of Leucadia National Corporation, granted a jumbo loan valued at $300,000,000 up to 1.7 points of interest, which is more stringent than domestic usury. Since that time, FXCM had great difficulties to pay down the huge loans so that FXCM had to offload a series of assets.
In March 2015, FXCM Japan was sold to Japan retail foreign exchange brokerage Rakuten Securities at the price of $ 62 million.
In September 2015, Rakuten Securities acquired FXCM Asia.
More details please Click Here: http://www.forexmedia.com/cn/newsdetail/201
Based on the FXCMs actions after the Black Swan Event in 2015, FX110 inferred that FXCM may deprive clients of deposits to do proprietary trading and use a Dealing Desk model to be a market maker for repaying the massive debt.
Nevertheless, many didnt believe and even attacked FX110 in website with false information. Not unexpectedly, however, on February 6, 2017, FXCM has been banned by CFTC for taking positions against clients. Besides that, the supervision status of FXCM Chinese clients was moved from FXCM UK to FXCM Australia.
All of these breaking news and the inside stories of FXCM provides a strong evidence for FX110s predictions.
At the moment, through a special column of FX110, supporting to offline the FXCM in the Evaluation Column has grow to 94.19%. By contrast, those who have another thought that FXCM should be online in that column has only 5.81%.
The survey are getting mixed reviews, however, many if not most of the clients or other retail traders shows their strong dissatisfaction towards to FXCMs fraudulent conduct.
More details about the Chinese retail traders comments on FXCM forced to exit from US market, please click：http://www.forexmedia.com/en/newsdetail/497
Be aware of little mistake; a small leak can sink a large ship. Except for repaying the outstanding loan from Leucadia National Corporation, FXCM may face more severe challenges from global clients withdrawing applications, which has a high probability to trigger FXCMs liquidity squeeze.
