FXone releases spreadsheet trading platform – free for FXCM and Gain clients
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A forex broker scam can cause massive losses to their clients, and also backfire on the company itself when discovered. These are some examples where the companies were caught, hand in cookie jar. Now, the company has been renamed to Global Brokerage and the settlement dictates that the company never again apply for registration with the CFTC. On their website, they would claim to be running a true ECN execution model where trades are executed directly in the interbank market.
Instead, they were actually a dealing desk. Effex Capital would then take aggressive trades against the clients so that they would lose, and in return, FXCM would receive kickbacks under the table from Effex Capital. However, they have not been barred from the UKor Europe, yet. The forex broker had set up shop in the US, soliciting clients from the country and worldwide, even though they were not registered with the CFTC. It may not have been a forex broker, but their scams led to the downfall of perhaps the biggest binary options broker in the fxcm binary trading.
Fortunately, they allowed their clients to withdraw their money. Stay up to date with the financial markets everywhere you go. Home - Top Stories - Biggest forex broker scams and frauds revealed. Banc de Binary It may not have fxcm binary trading a forex broker, but their scams led to the downfall of perhaps the fxcm binary trading binary options broker in the world.
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