FXCM, also known as Forex Capital Markets, is a retail broker for trading on the foreign exchange market. The company was banned from United States yahoo forex for defrauding its customers.
Its former parent company, Global Brokerage, Inc. 7 million penalty to settle a suit from the U. FXCM to its customers and to regulators. FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States. Global Brokerage filed for bankruptcy in November 2017, but officially reorganized in February 2018. Leucadia remains the de facto parent company of the FXCM Group. A Managing Director of Leucadia National, which before the bankruptcy held a 49.
2017: Swiss franc jump and U. Forex Capital Markets was founded in 1999 in New York, and was one of the early developers of and electronic trading platform for trading on the foreign exchange market. Initially, the firm was called Shalish Capital Markets, but after one year, rebranded as FXCM. In January 2003, FXCM entered into a partnership with Refco group, one of the largest US futures brokers at the time. FXCM and licensed the FXCM software for use by its own clients. 430 million fraud was discovered, and two months after its initial public offering. FXCM had previously acquired ODL’s U.