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Old 07-04-2007, 04:46 AM   #10 (permalink)
archsage
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Post Re: Brokers SCAM Alert

Quote:
Originally Posted by kibitzer View Post
I went to the NFA website and saw that FXCM actually has three different entities under them, with FXCM LLC being just one of them. So perhaps, this issue just pertains to the latter and not the whole of FXCM?

Also, though I know FXDD belongs to the Tradition group, I'm wondering if Tradition Securities (the one on the list) may be just one of the affiliates of the mother company.

I guess some more confirmation is necessary at this point, therefore.
Yeah, I was surprised to see FXCM LLC on the list as well. According to the FXCM website, the FXCM Group consists of FXCM Holdings LLC, FXCM LLC, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD. So, I guess FXCM LLC is just one of their entity.

As a group, FXCM claims they have over $120 million in capital. Company Profile - FXCM, Currency Trading, Leader in Online Currency Trading, Forex

As for FXDD, I believe it belongs to Tradency Inc. If you search the NFA site, you will find that FX Auto comes under them as well.

Last edited by archsage; 07-04-2007 at 09:09 AM.. Reason: additional information
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