FXCM
Sign in to saveAlso known as Forex Capital Markets
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.
Official website
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Encyclopedic overview
8 sectionsContents
- History
- 1999–2008: Founding and Refco stake
- 2009–2014: Legal issues and initial public offering
- 2015–2017: Swiss franc jump and U.S. license loss
- 2017–present: Bankruptcy and ownership by Jefferies
- See also
- References
- External links
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.
The company was banned from United States markets for defrauding its customers. Its former parent company, Global Brokerage, Inc. filed for bankruptcy on December 11, 2017. The operating company, known as FXCM Group, is now owned by Jefferies Financial Group, which changed its name from Leucadia National Corporation in 2018. Global Brokerage shareholders lost over 98% of their investment since January 2015.
Excerpted from Wikipedia’s “FXCM” article, available under the CC BY-SA 4.0 licence.