Hi Xandman, The US made up roughly 19% of retail volume as mentioned in the latest earnings presentation on our IR website. However, FXCM US has not been a contributor to overall profits for the firm over the past few years. Therefore, FXCM will target significant cost cutting by closing the US entity as outlined in this post.
You did not choose to close the US entity as you conveniently try to suggest. You were booted out because you continuously mislead clients. And the US entity has not been a contributor to your "profits" because it is (sorry, "was" ) regulated by entities that punish the most egregious fx bucket shop activities that go against any ethical and moral code and quite directly violate laws and regulations. You continue to mess around in the UK and elsewhere. But it is only a matter of time before you will be shut down in the UK as well. You can of course always operate out of Cyprus.
So, FXCM remains as one of the largest retail fx brokers in the world. J.R, you are the ear to the trading community. I think it would be good evidence of the firm's determination to reacquire it's leadership by paying off Leucadia. For now, it seems the company is owned by the bond holders. Please update the forum when you achieve this milestone.
Lazy, they work for me, not many viable options available in the uk seems IB needs 10k so I'll stick with them for the time being. This could bite me on my ass, figures just as i start to get good mind lol
There are not many viable options for FX brokers in the UK? FXCM is the best choice for you at this time? Yikes!