FXCM Major Currency Broker In Trouble

boomer62 · 01-23-15, 08:53 PM

Originally posted by jjgold

I'm pretty sure they have a massive account base so they're not going anywhere

Most of the big shops in europe withstood this

Yeah, you the man! Let's pretend I know what I'm talking about....... FUKING drive traffic.... Clown
you are so SHALLOW!

jjgold · 01-23-15, 09:05 PM

Originally posted by boomer62

Yeah, you the man! Let's pretend I know what I'm talking about....... FUKING drive traffic.... Clown
you are so SHALLOW!

I have 5 FX accounts..GAME OVER

boomer62 · 01-23-15, 09:24 PM

Which JJ? And give some SUBSTANCE to your responses. Shallow man

Ralphie Halves · 01-28-15, 05:26 PM

FXCM keeps the money the big institutions lost (and they deserve it for being so dense), and forgive the retail dumbasses by giving them their losses back.

Story

SharpAngles · 01-28-15, 06:19 PM

Retired FXCM Chief Dealer Michael Romersa offloads entirety of FXCM stock – at just $2.7 per share

https://leaprate.com/2015/01/retired-fxcm-chief-dealer-michael-romersa-offloads-entirety-of-fxcm-stock-at-just-2-7-per-share/

Having sold several proportions of stock during the course of the last year, including several transactions in early January 2015 involving the sale of shares at approximately $17, Michael Romersa has now sold his entire allocation of beneficial securities in FXCM for $2.708 per share

I still think FXCM is a sinking ship. Connected guys don't make a sell off like this if there is good news coming.

Ralphie Halves · 01-28-15, 08:30 PM

Originally posted by SharpAngles

https://leaprate.com/2015/01/retired...2-7-per-share/

I still think FXCM is a sinking ship. Connected guys don't make a sell off like this if there is good news coming.

Good article. I wish it would have said why he was selling though. It did say was selling well before the EUR/CHF drop though. Possible he just wanted to get liquid.

byronbb · 01-28-15, 08:43 PM

SBR should have a FOREX/stocks forum.

jjgold · 01-28-15, 09:00 PM

Currency trading broke all records late last year

I think they will be ok

SharpAngles · 01-29-15, 03:36 PM

Originally posted by Ralphie Halves

Good article. I wish it would have said why he was selling though. It did say was selling well before the EUR/CHF drop though. Possible he just wanted to get liquid.

Maybe you're right and he's hurting for cash but damn, he sold off almost 10 megas last year. Seems more likely he has been on the phone and is hearing get out while its still a couple bucks and not a couple pennies. Obviously illegal but lets be real here, it happens every day.

Originally posted by byronbb

SBR should have a FOREX/stocks forum.

I couldn't imagine the fade material in that forum. Would probably be a gold mine.

jjgold · 01-29-15, 04:22 PM

Currency trading is so hard

RIDE TRENDS but into strength and sell into weakness

Some believe the opposite but not me

web_connect · 01-29-15, 04:23 PM

I've been trading $FXCM. Train has gone by though, it was fun. I got in 2.82 sold at 3.25

jjgold · 01-29-15, 06:58 PM

Dear Client,
FXCM would like to thank you for your patience and support over the last several days and we would like to provide clients an update on our business.
BUSINESS & TRADING VOLUME UPDATE

Business since the Swiss National Bank's ("SNB") announcement has been strong as new and existing traders have looked to capture opportunity from key market events. FXCM continues to hold customer funds in excess of US$1 Billion Dollars for over 224,000 tradable accounts.
Trading operations continue as normal, deposits and withdrawals are being processed, and our award winning customer service is still available 24/7 to assist you with your trading needs. We're here to do what we do best: give you the best trading experience possible.
HOW WILL FXCM REPAY DEBT?

FXCM's CEO, Drew Niv, has stated that "we anticipate that through the sale of non-core assets and continued earnings, we can meet both near and long term obligations of our financing, while preserving the strength of our franchise. The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business while reducing our debt through the sale of non-core assets."
NEGATIVE BALANCES UPDATE

One of the most pressing issues following the SNB historical decision to remove the 1.20 floor on the euro has been to work diligently to reach a decision on client Debit Balances following that event. At this time we are happy to report that FXCM has forgiven the majority of clients who incurred Negative Balances. FXCM has notifed the applicable clients and adjusted client account statements to reflect this decision.
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We look forward to serving you this year.