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2017 FXCM CFTC Fine

2017 FXCM CFTC fine was issued on the 7th of February 2017, after the US regulators discovered fraudulent solicitations. Is FXCM a reliable Forex broker?

DESCRIPTION

2017 FXCM CFTC fine was issued on the 7th of February 2017, after the US regulators discovered that the broker was engaged in fraudulent and misleading solicitations. Is FXCM a reliable Forex broker?

Not only did FXCM received a monetary fine by the US regulators. Also, the CFTC has forced the largest US Forex broker to exit the US market, while their CEO receive a ban.

2017 FXCM CFTC Fine

Forex Capital Markets, LLC (FXCM), has settle with the charges with the US regulators for $7 million. the order states that in the period from September 4, 2009, to at minimum 2014, FXCM has been engaging in fraudulent solicitations of the retails customers. Reportedly, the company was hiding its relationship with its most important market maker.

To attain more information about the 2017 FXCM CFTC fine. Look up here the original settlement notice of CFTC.

Broker

FXCM

Regulator

CFTC - Commodity Futures Trading Commission
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