Hi Chris,

A letter of direction (LOD) form is no longer needed to set up a NinjaTrader account with FXCM. As long as your have a Trading Station account with hedging disabled, then you can get a key from NinjaTrader to trade that account with their platform. Since you have a lifetime multibroker license with them, that key should be free. Would you prefer to set up a new FXCM account to work with NinjaTrader or to convert an existing account?

The fact you are a publicly traded company has nothing to do with the fact that you can file for protection under the federal bankruptcy at anytime, and we, US clients are out in the cold.

Please correct me if I'm wrong - having multibroker lifetime licence for NT7 I do not have to fill in LOD when applying for a new spread betting account with FXCM. I can use my own multibroker licence to trade with NT7 from that account.

Thank you
Chris

That's correct. Instead of completing the LOD, simply contact NinjaTrader support after receiving your new FXCM account number, and they should be able to set up access to the account for you through their platform.

what will happen to company now?

I was seriously thinking of coming over from IB with 10,000. to start trading Forex, now??

Lets assume the worst thing that can happen, happens to FXCM, will clients lose their funds? Just a "yes" or "no" please!

The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business. With Leucadia, our pockets are even deeper and we aren’t going anywhere.

We anticipate that with the proceeds from the sale of some non-core assets and continued earnings we can meet both near and long-term obligations of our financing, while preserving the strength of our franchise. It's widely known and understood that FXCM's core business has always been retail FX; It is the majority of our revenue. Earlier this month, we announced certain key operating metrics for January 2015 as we do every month as a publicly-traded company. The data show that it was our second best month ever in terms of retail volume.

However, over the past few years, the company has spent over $250 million dollars making strategic acquisitions building up our non-core businesses, mainly the institutional side as we tried to diversify the firm. We are now looking to sell some of those non-core assets; But, we are not in a rush and are looking to get the highest valuations for these assets. We are considering closing or selling smaller regulated entities that require large sums of capital requirements, but that offer increasingly low return on capital. The latter move allows us to free up significant amounts of cash that is currently trapped. We believe that in the near term we can pay down a majority of the loan.

Hello,

I'm trying to setup a "Practice Account" and when I click on the Submit bar it highlights but doesn't submit my data.

Did you guys disable Practice Accounts?

Thanks.

Joseph

Hi Joseph,

The practice account registration form has not been disabled. Can you copy/paste the page URL on which you are trying to register for the practice account so we can try from our side.

Thanks,

Jason