FXCM shut down (banned by CFTC from operating in the USA) | Reviews of Brokers and Data Feeds


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FXCM shut down (banned by CFTC from operating in the USA)

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New York, New Jersey/USA
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Seahn's Avatar
 
Posts: 160 since Jan 2013
Thanks: 62 given, 265 received

Maybe I am off base here but if the trading wisdom that most retail traders fail is true, wouldn't FXCM kind of automatically win just by taking the other side without any hanky panky playing with spreads and such. Someone please explain? Is taking the other side of the trade illegal? I thought equity brokers like TDA do it all the time.

For disclosure, I have no love for brokers and market makers.

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