FXCM in Turmoil, China Attacks Bitcoin and Turkey’s War on Leverage – Best of the Week

[kreslik.news]

The previous week brought us more unexpected turmoil for the foreign exchange trading industry. A surprise announcement about FXCM’s business practice in the US caused havoc for shareholders as a $7 million fine was imposed on the company.

More Turmoil at FXCM


FXCM is the latest brokerage to exit the US market. The company’s CEO Drew Niv along with William Andhout have been banned from the industry after an order from the US Commodity Futures Trading Commission (CFTC).

This latest industry drama came due to charges from US regulators that FXCM didn’t act in the best interests ... (read more)