Is FXCM still a reliable FX broker? - futures io
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Is FXCM still a reliable FX broker?


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Is FXCM still a reliable FX broker?

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  #1 (permalink)
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: EUR/USD
 
Posts: 19 since Oct 2011
Thanks: 17 given, 23 received

I am considering opening an account at FXCM. However, I am a bit reluctant since I heard on the news that they were in financial problems in January. I checked their stock and it really plunged from 17 to now 1.5 USD.

What will happen with my money when they go bankrupt? And how likely is it they will?

Thanks!

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Legendary Market Wizard
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They took a beating in the Swiss Franc move.

Lots of discussion on this subject in

and

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