Forex Industry Week Review: CEOs out at FXCM and Oanda UK, Investing.com shuts SignalTrader, and lots more… LeapRate

February 26, 2017 BY LeapRate Staff

Forex Industry Week Review: CEOs out at FXCM and Oanda UK, Investing.com shuts SignalTrader, and lots more…

It was a week about change in Forex Industry News. And as usual, you read about it first or exclusively at LeapRate. The drama at FXCM Inc (NASDAQ:FXCM) cost CEO Drew Niv his job. Longtime Oanda UK CEO Daniel Skowronski left. Investing.com shut its auto trading service for Forex brokers, SignalTrader.com. In more positive news, LeapRate…

February 21, 2017 BY LeapRate Staff

Drew Niv resigns as CEO of FXCM as forex broker changes name to Global Brokerage Inc.

Not too surprising. Distancing itself from its recent troubles including being banned from its home US forex market, retail forex broker FXCM Inc (NASDAQ:FXCM) has announced some major changes including: the resignation of co-founder Drew Niv (pictured above), who has been the CEO of FXCM and its public face since the company's inception in the…

February 19, 2017 BY LeapRate Staff

Forex Industry Week Review: PositivaFX Retail FX launch, CySEC new binary options rules, FXCM US ban drama, and lots more…

We continued to bring LeapRate readers exclusive coverage and analysis of the continuing drama surrounding FXCM Inc (NASDAQ:FXCM) in this week's Forex Industry News, as the company continues to deal with the aftershocks of its ban from the US forex market. Data on FXCM's US operations, another regulatory fine, changes at the FXCM UK board, competitors…

February 15, 2017 BY LeapRate Staff

FXCM details US Forex trading volumes, overall activity up 18% MoM in January

Retail forex broker FXCM Inc (NASDAQ:FXCM) has reported its January trading volumes - which is a more interesting report than in most months, since for the first time FXCM has broken out its US versus rest-of-world data, in the wake of the sale of FXCM's US client base to rival Gain Capital Holdings Inc (NYSE:GCAP). That sale,…

February 13, 2017 BY LeapRate Staff

Drew Niv and Brandon Mulvihill withdraw from FXCM UK board

Does this portend a departure of Drew Niv from FXCM altogether?

February 13, 2017 BY LeapRate Staff

FXCM settles on $650,000 CFTC fine for being undercapitalized after the Swiss Franc spike of January 2015

LeapRate Exclusive... LeapRate has learned from court documents that retail forex broker FXCM Inc (NASDAQ:FXCM), recently banned from the US forex market, has agreed to pay a $650,000 fine in settlement of charges that it was undercapitalized, and slow to report its capital position, in the wake of the January 15, 2015 spike in the value…

February 13, 2017 BY LeapRate Staff

Forex brokers actively looking to poach FXCM clients, IBs and Affiliates - LeapRate Exclusive

LeapRate Exclusive... It isn't often that a large block of active retail forex traders (or IBs) come up for grabs. So when it happens, it shouldn't really come as a surprise that rival retail forex brokers do all they can to get a piece of that action. This is, after all, an industry more dependent…

February 13, 2017 BY LeapRate Staff

FXCM US clients: Revenues $52 million, EBITDA loss $12 million, Net Loss $18 million

Retail forex broker FXCM Inc (NASDAQ:FXCM) filed early Monday some more details regarding the US clients it is offloading to rival Gain Capital Holdings Inc (NYSE:GCAP). The sale is occurring after FXCM and its CEO Drew Niv were issued a ban from the US forex market, following settlement of allegations that FXCM defrauded its customers over…

February 12, 2017 BY LeapRate Staff

Forex Industry Week Review: FXCM US ban and client sale, FCA secret leverage meeting, and lots more…

Forex Industry News at LeapRate was clearly dominated this past week by the drama surrounding FXCM Inc (NASDAQ:FXCM) after it and its CEO were banned from the company's home US FX market. More of our coverage from the past week follows below. But there was much more. We reported exclusively on the secret talks being…

February 10, 2017 BY LeapRate Staff

FXCM provides details of sale of US clients to Gain Capital

As we reported earlier, Gain Capital did not have to pay anything up front to FXCM.

Tag: FXCM Inc (NASDAQ:FXCM)