http://forexmagnates.com/fxcm-slapp...n-suit-over-claims-of-fraud-and-racketeering/
Anyone been following this ?
Anyone been following this ?
http://forexmagnates.com/fxcm-slapp...n-suit-over-claims-of-fraud-and-racketeering/
Anyone been following this ?
Many Thanks Mr PB I find this very interesting as you said its a bit of a fix, ... see what drops out, I think it will be a battle of the software and platform developers, I suspect this one will be tied up for donkeys years being a USA based legal battle
pboyles I gotta whole lot of respect for you and your cynicism towards rip off companies but this looks like a nut bar to me... even if FXCM are ripping folk off this lawsuit is a joke
can't you set it up so you only have to trade once and the computer allocates your fills to the acounts in the right proportion?
i assumed you were trading fixes cos I cant think of anything else that is a figure thats daily?
Total year results for 2010 :
360 M $ in revenue
3178 Billion $ trading volume
Fxcm makes 0.011% from the trading volume , for Cable for example this equals to 1.8 pips ...
If Fxcm is really f*** its clients shouldnt Fxcm make more than this ?!!
http://ir.fxcm.com/phoenix.zhtml?c=238885&p=irol-newsArticle&ID=1534848&highlight=