Greetings, To my surprise and after starting a thread yesterday to investigate Pro Signal & FX Universal and their brokers, I received a late call from my bank here in Saudi Arabia; i.e. "Banque Saudi Fransi" telling me that the Central Bank here in KSA has blocked the transfer of funds to FXCM and returned it to my bank account due to the fact that Forex Capital Markets is black listed for fraud issues. I contacted both FXCM & Pro Signal in regard if this matter. So far I did not hear from FXCM but Pro Signal replied instantly saying: "Dear Hassaan, If you do not fund your accounts with FXCM then the account will automatically close. If you have any questions about that you would need to contact FXCM directly. This is the first time that I have heard anything like this. I can only speculate that Forex Capital Markets may be blacklisted for one of two reasons. 1. Refco, which is a minority share holder in FXCM is being prosecuted for fraud. However these developments have no effect on FXCM or its clients. FXCM is an independent company with a strong regulatory record. Although Refco is a minority shareholder, FXCM is managed and controlled by the firm's original founders. Refco has never had access to FXCM's client or firm assets. 2. Because of general fears Saudi Arabia may have about money laundering that can occur through Forex broker dealers. This type of activity has nothing to do with FXCM, only the individuals involved with the fraud. In fact, because FXCM is one of the larger broker dealers in the U.S. they are under much heavier scrutiny then most. I am sure you must have found the process for opening an account quite thorough. This is to prevent fraudulent activity from occurring. FXCM is regulated in 3 jurisdictions, U.S., U.K. and Hong Kong. In the U.S. FXCM is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). FCMs are required to meet strict financial standards. On a regular basis, FCMs are required to submit financial reports to regulators. These standards are enforced by the NFA, which has the right to fine firms and/or terminate an FCM's regulatory status for violations. I would like to make couple suggestions; Contact FXCM about the problem and see if there is something they can do to help. Also contact the Central Bank of Saudi Arabia and find out either why FXCM is blacklisted or if they can give the name of another Forex broker dealer that they approve of. I will also forwarded your email to FXCM and will let you know if I hear anything back from them on this matter. Regards, Steve"