Retail forex broker FXCM Group, LLC has just announced that clients trading with Forex Capital Markets Limited (FXCM UK) and FXCM Australia Pty Limited (FXCM AU) can now begin trading the first crypto CFD, Bitcoin (BTC/USD). With a successful launch to FXCM South Africa (PTY) LTD (FXCM ZA) clients and due to client demand, FXCM…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the FCA regulated UK arm of retail forex broker FXCM, Forex Capital Markets Limited, does not expect regulatory action to be taken against the company, similar to what happened in the US. In the US, of course, FXCM and its then-CEO Drew Niv were fined $7…
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Does this portend a departure of Drew Niv from FXCM altogether?
Read more"We are excited to work with LAT and look forward to providing our retail trading audience with access to additional high quality training and trading techniques while they trade on our innovative and award winning platform" - Ilies Larbi, Managing Director, FXCM UK
Read moreIn a move underlining the consolidation wave engulfing the Forex industry, retail Forex giant FXCM is acquiring the bigger part of margin FX accounts of CitiFX Pro.
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right… → LMAX | https://www.leaprate.com/ZDELl Raj Sitlani | https://www.leaprate.com/lXsC7 TRADOLOGIC/Cantor Exchange | https://www.leaprate.com/jcnOD GMO-Z.com…
Read moreWill other UK brokers face similar action for asymmetric slippage? As we reported earlier, the UK arm of FXCM (NYSE:FXCM) has entered into a settlement agreement with UK's Financial Conduct Authority (FCA). The agreement is concluding and old issue for the company related to order execution practices (asymmetric slippage) between August 2006 and December 2010.…
Read morePress release follows. Full details and background coming soon at LeapRate.... The Financial Conduct Authority fines FXCM UK £4 million for making 'unfair profits' and not being open with the FCA The Financial Conduct Authority (FCA) has fined Forex Capital Markets Ltd and FXCM Securities Ltd ("FXCM UK") £4,000,000 for allowing the US based FXCM…
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