FXCM scoundrels unsubscribe me Because I am a trader profitable for me … – forex (2/2) – genxfxtrader
I have 1 week trying to withdraw my pasta finmarkfx and can not find how to do it, or incidents or messages or ostias, someone tells me what order I start to complain and to which bodies? ¿
if it is not the same Broker topic of the thread, it would be advisable to encourage a thread with consultation and were to put all that data broker (who are, where they are, how much money are we talking … etc)
greetings.
I’m sorry you have reached this situation, I with that broker have never operated
striking that being a broker in the US, where all blessed, rigor and strong demands, yet these incredible cases happen, never had seen, that if you win a lot, you close the tap, but as seen happens, will surely be inbrokers very minority, as with FXCM
feel of this broker is not very good, it should be recalled that when the SNB’s mess, FXCM had serious poblemas liquidity and large losses on their balance sheets, this shows that the management itself this question broker
Greetings and good luck
anyone recommend a good broker who does not close the accounts? THANK YOU …
AND LICENSES CANCELED BY LES pickpockets $ ESTUVIERNO STEALING MORE THAN $ 70,000,000.00 MILLION dlls.
► The Commerce Commission Commodity Futures US (CFTC, for its acronym in English) today issued an order filing and settlement of charges against members of FXCM Holdings, LLC (FXCM Holdings) and its founding partners, Dror ( “Drew”) Niv, and William Ahdout respectively Executive Director and CEO of FXCM FXCM, (collectively, the Respondents). The main business center FXCM is New York, New York; Niv resides in Connecticut; And Ahdout resides in New York.
The Order of the CFTC determines that between 4 September 2009 and at least 2014 (the Relevant Period), FXCM made false and misleading customers foreign currency FXCM solicitations hiding their relationship with their creator’s most important market and deturpando its platform “no Dealing Desk” had no conflicts of interest with its clients. The Order believes that FXCM, FXCM Holdings and Niv FXCM are responsible for making false to the National Futures Association (NFA) on its relationship with the market maker statements.
The order requires the defendants jointly and severally to pay a civil monetary penalty of $ 7 million and to cease and desist from further violations of the Law on Commodity Exchange and CFTC Regulations, as required. FXCM, Niv and Ahdout agree to withdraw from CFTC registration; Never seek registration with the CFTC; And never act in any capacity that requires registration or exemption from registration, or act as principal, agent, officer or employee of any person who is registered or required to be registered exempt from registration with the CFTC.
“The CFTC is committed to protecting customers against damage to the markets it regulates , ”
“The full and accurate information to customers disclosure and honest discourse with self – regulatory organizations like NFA are vital to the integrity and oversight of our markets , ” Gretchen said L. Lowe, Principal Deputy Director and Head of the Division of Enforcement of the CFTC. “Today’s actions show that the CFTC is committed to protecting customers against damage in regulating markets”.
FXCM is registered with the CFTC as Dealer and Futures Commission Merchant currency. FXCM has provided to retail customers access to currency markets OTC through its own technology platform and has acted as counterparty in transactions with retail customers where customers can buy a currency and simultaneously selling another. Niv both as Ahdout were registered with the CFTC during the relevant period.
FXCM, under the direction and control of Niv and Ahdout, falsified its customers retail foreign currency when trading in the No Dealing Desk platform FXCM, FXCM would have no conflict of interest. In addition, according to the marketing campaign FXCM, gains or losses from retail customers would have no impact on the final result of FXCM, because the role of FXCM in customer operations was merely that of a credit intermediary. FXCM also indicated that the risk would be borne by banks and other “market makers” independent that provided liquidity to the platform, according to the Order.
Interest undisclosed FXCM
Contrary to these claims, the order finds that FXCM had not disclosed in the market maker who consistently “won” most of the trading volume of FXCM interest and, therefore, was taking positions against FXCM retail customers. FXCM, Order, formulated a plan in 2009 to create a system of algorithmic trading, using a computer program FXCM that could make markets customers FXCM and replace or compete with manufacturers independent market on the platform “No Dealing Desk “FXCM. Although FXCM finally turned out algorithmic trading system as a new business, the company actually remained well aligned with FXCM, according to the Order. This market maker received special trading privileges, benefited from an interest free loan provided by FXCM, he worked in the offices of FXCM and FXCM employees used to carry out your business.
The order concludes that FXCM and the market maker agreed that the market maker FXCM reimburse about 70 percent of its revenues from trading on the forex platform FXCM retailer. In total, through monthly payments from 2010 to 2014, the company repaid approximately FXCM $ 77 million of revenue achieved. However, FXCM did not disclose to customers, among other things, that the company -the principal market maker FXCM- was a separate startup firm FXCM, according to the Order.
False to NFA statements
The Order also finds that FXCM intentionally made false statements to NFA in order to conceal the role of FXCM in creating its principal market maker and the fact that the owner of the market maker had been FXCM employee and managing director. The Order believes that during a meeting between the NFA compliance staff and executives of FXCM
* ARE MY FAVORITE I NEVER have had problems during the 7 years it operated WITH THEM.
LES CANCELED AND LICENSING pickpockets $ ESTUVIERNO STEALING MORE THAN $ 70,000,000.00 MILLION dlls.
► The Commerce Commission Commodity Futures US (CFTC, for its acronym in English) today issued an order filing and settlement of charges against members of FXCM Holdings, LLC (FXCM Holdings) and its founding partners, Dror ( “Drew”) Niv, and William Ahdout respectively Executive Director and CEO of FXCM FXCM, (collectively, the Respondents). The main business center FXCM is New York, New York; Niv resides in Connecticut; And Ahdout resides in New York.
The Order of the CFTC determines that between 4 September 2009 and at least 2014 (the Relevant Period), FXCM made false and misleading customers foreign currency FXCM solicitations hiding their relationship with their creator’s most important market and deturpando its platform “no Dealing Desk” had no conflicts of interest with its clients. The Order believes that FXCM, FXCM Holdings and Niv FXCM are responsible for making false to the National Futures Association (NFA) on its relationship with the market maker statements.
The order requires the defendants jointly and severally to pay a civil monetary penalty of $ 7 million and to cease and desist from further violations of the Law on Commodity Exchange and CFTC Regulations, as required. FXCM, Niv and Ahdout agree to withdraw from CFTC registration; Never seek registration with the CFTC; And never act in any capacity that requires registration or exemption from registration, or act as principal, agent, officer or employee of any person who is registered or required to be registered exempt from registration with the CFTC.
“The CFTC is committed to protecting customers against damage to the markets it regulates , ”
“The full and accurate information to customers disclosure and honest discourse with self – regulatory organizations like NFA are vital to the integrity and oversight of our markets , ” Gretchen said L. Lowe, Principal Deputy Director and Head of the Division of Enforcement of the CFTC. “Today’s actions show that the CFTC is committed to protecting customers against damage in regulating markets”.
FXCM is registered with the CFTC as Dealer and Futures Commission Merchant currency. FXCM has provided to retail customers access to currency markets OTC through its own technology platform and has acted as counterparty in transactions with retail customers where customers can buy a currency and simultaneously selling another. Niv both as Ahdout were registered with the CFTC during the relevant period.
FXCM, under the direction and control of Niv and Ahdout, falsified its customers retail foreign currency when trading in the No Dealing Desk platform FXCM, FXCM would have no conflict of interest. In addition, according to the marketing campaign FXCM, gains or losses from retail customers would have no impact on the final result of FXCM, because the role of FXCM in customer operations was merely that of a credit intermediary. FXCM also indicated that the risk would be borne by banks and other “market makers” independent that provided liquidity to the platform, according to the Order.
Interest undisclosed FXCM
Contrary to these claims, the order finds that FXCM had not disclosed in the market maker who consistently “won” most of the trading volume of FXCM interest and, therefore, was taking positions against FXCM retail customers. FXCM, Order, formulated a plan in 2009 to create a system of algorithmic trading, using a computer program FXCM that could make markets customers FXCM and replace or compete with manufacturers independent market on the platform “No Dealing Desk “FXCM. Although FXCM finally turned out algorithmic trading system as a new business, the company actually remained well aligned with FXCM, according to the Order. This market maker received special trading privileges, benefited from an interest free loan provided by FXCM, he worked in the offices of FXCM and FXCM employees used to carry out your business.
The order concludes that FXCM and the market maker agreed that the market maker FXCM reimburse about 70 percent of its revenues from trading on the forex platform FXCM retailer. In total, through monthly payments from 2010 to 2014, the company repaid approximately FXCM $ 77 million of revenue achieved. However, FXCM did not disclose to customers, among other things, that the company -the principal market maker FXCM- was a separate startup firm FXCM, according to the Order.
False to NFA statements
The Order also finds that FXCM intentionally made false statements to NFA in order to conceal the role of FXCM in creating its principal market maker and the fact that the owner of the market maker had been FXCM employee and managing director. The Order believes that during a meeting between the NFA compliance staff and executives of FXCM
Good evening, from December last year I am with FXCM but not dependence on the US but the UK (at least that’s what they told me advisors when asked about a legal issue that had been in the US recently ), the point is that I really like the platform and advisers have not done bad either, what worries me is that me been going well, and did not want to receive bad news with the money I have in that account. I’m trying equity acomular enough to operate better with futures that are much more reliable, but until that happens I do not want to be without broker to continue training, as I enter the “big leagues” I would greatly appreciate good advice.
But something else came to see what he says I can not help let you know that I operate with Finmark and I go round: retirement in two days. That if I do not miss what accounts and what counts in the rest of the forum, there is everything ….
Hi I think … and I understand, I spend the same but with another broker. A leyentes advice to all: there is no broker regulated …. Scammers are all !!! … I explain better: who regulate brokers? If … there are a lot of regulatory, Are they who regulate them ? … phew, so on until the con man living on a Caribbean island full of dosh stolen … and if you do not believe me think one thing, there are so many websites brokers not regulated, why are there trapping naive? Now do you understand? It is very easy to lose in Forex but when they encounter someone who knows how to upload your equity … which incidentally is not impossible … you put “an excuse” … just have to use this excuse to 3% or 2% of their customers are those who can win …. other clients who claim to have, if those who earn fortunes, if those with investments of others who have a creepily green graphic fluorine, are pure fiction …. they do not exist…. They are to catch you again. So if you are learning this whole world of Forex do not be OTR @ more to be disappointed like me …. But does one thing, ask them to regulators do not regulate that make these brokers trucho to see if you answer … .jajajaj. Stay tranquil @, in a couple of years you will have your winning strategy but you’ll realize that not you can use with any broker … if you start to notice, most complaints or scams are the same and have It has been with the same method scam. Also victimize people who have invested a lot of money, I understand that 4 zeros up. Nobody was born knowing people … … but the few who know and understand it and live it perfectly. And what do I do with all this knowledge I have of forex?