Got caught with the fingers in the cookie jar.



FXCM Banned

Segwin 

Got caught with the fingers in the cookie jar. FXCM Banned

Hi, there's already a thread for this

FXCM shut down (banned by CFTC from operating in the USA) Another reason I don't trade forex: too many broker shenanigans FXCM banned by CFTC after taking positions against clients - MarketWatch (

Sorry about that - didn't know.

The fact that the 'market maker' for trades under $10k for micro lots should not surprise anyone, especially if the spread is only 1.0-2.5 pips. Who would even be the counter party to that trade on the interbank market?

If they batched up the trade to form a single lot to send to a legitimate market maker, there's no feasible way the trade would have been filled that quickly or for that low of a spread.

More practically speaking, sure this should be net positive for the US markets (despite having less broker options) because data quality consolidating at GAIN much like when volume was consolidating the FXCM should provide for some more useful data to mine.