I am considering opening an account at FXCM. However, I am a bit reluctant since I heard on the news that they were in financial problems in January. I checked their stock and it really plunged from 17 to now 1.5 USD.

What will happen with my money when they go bankrupt? And how likely is it they will?

Thanks!

They took a beating in the Swiss Franc move.

Lots of discussion on this subject in

FXCM review Please share your thoughts (good or bad) about FXCM if you are or have been a customer of FXCM directly. Forex Trading | Currency Trading | Forex Broker | Forex | FXCM ( Thx, Mike

and

FXCM's Suhail Afzal and Brad Gleason - Ask Me Anything (AMA) Suhail Afzal is a Brand Ambassador at FXCM and Brad Gleason is a Senior Automated Trading Tech at FXCM, and both gentlemen will be monitoring this thread so that they may answer any questions that you post here relating to the products and services offered …

Please use the existing thread.

FXCM review Please share your thoughts (good or bad) about FXCM if you are or have been a customer of FXCM directly. Forex Trading | Currency Trading | Forex Broker | Forex | FXCM ( Thx, Mike

Mike