All my comments that I have stated for the "Class Action Lawsuits Againt FXCM" thread can all apply to this thread. Not going to repeat myself.

Class Action Lawsuit Against FXDD

First of all, 7000 posts over how long? Second, what has number of posts on FF have anything to do with profitability in the market?? Regarding "Flash trades", could it also be possible that they happen to be extremely high volume trade(s) that ...

Class Action Lawsuit Against FXCM

Well actions speak for themselves. If FXCM is really found guilty, they should get punished so should all other brokers like FXCM. But FXCM really didn't do anything wrong, then it's those traders who need to realize that it's their responsibility ...

Class Action Lawsuit Against FXCM

Not if FXCM refuses to settle and proves their innocence in a court. From the legal point of view, it would, thanks to our wonderful precedence law, stop any attempts of future class action lawsuits. From a publicity point of view, it would stop ...

Class Action Lawsuit Against FXCM

This is the definition of ofa Futures Commission Merchant (FCM) according to the CFTC. The definition was taken directly from the CFTC website: Futures Commission Merchant (FCM): Individuals, associations, partnerships, corporations, and trusts that ...

Dukascopy

Hear Hear!! Especially fishy that this guy waited for years until he lost $150,000 to do something. Oh well, there are gonna be a lot really fat rich lawyers in town! FXCM better not settle cuz that's gonna open doors for lot more ...

Class Action Lawsuit Against FXCM

Well it's true and if you read and understood the rest of my comment, you will see why. IF they are stupid enough to create a "centralized exchange" for SPOT FX market it will be because those bubbleheads of regulators choose to ignore the nature of ...

Class Action Lawsuit Against FXCM

Why not create a true ECN? That's what I have been advocating all along. Create good, robust ECN's with good orderflows and price transparencies so everybody can trade with everybody else. Thank you. And that's the direction that Retail Forex ...

Class Action Lawsuit Against FXCM

So trade with an ECN broker or ask TC East here who is his broker since he states in his post that his broker is honest and he has none of the problems that he has had with FXCM. But that still does not rule out the possibility that this is a witch ...

Class Action Lawsuit Against FXCM

I said it will never happen as a real functioning centralized exchange. They can create a "central exchange" and force us to use it but nobody would use it and nobody would trade on it. So that's the equivalent of "never" happening. Yes and the ...

Class Action Lawsuit Against FXCM

Ok, I am going to quote myself here because obviously you don't read my posts in its entirety. Yes, I already forsaw that this would be something that those out-of-touch bubbleheads paper-pushers be contemplating of doing, just one more thing to ...

Class Action Lawsuit Against FXCM

Yes that's what I said and I am glad you agree with me. It's not the fact that slippages and price manipulations exist in FXCM but whether they are excessive and/or deliberate that is in question and is yet to be determined.

Class Action Lawsuit Against FXCM

OMG, I knew this would happen. They are going on a witch hunt now attacking the entire Retail Forex industry. More losers being pursuaded by this greedy law firm that they can win by suing. Typical plot from that Grisham novel "King of Torts". ...

Class Action Lawsuit Against FXCM

I know they make the rules but I am saying I know how far rules will go in terms of changing the market structure of SPOT FX industry and a centralized exchange is not possible. It's like making a rule that says men must now carry babies and give ...

Class Action Lawsuit Against FXCM

I agree, if FXCM is really found guilty of deliberately committing all of these alleged offences to the point of causing undue damage to the clients, then yes, they should be punished for what they did and that perhaps can serve as an example to ...

Class Action Lawsuit Against FXCM

Other brokers including ECN brokers do that too. They charge you for the loss of revenue/commission that they could've earned. $50 is pretty stiff I agree but it is a fee that they can charge as long as they disclosed to you in the first place in ...

Class Action Lawsuit Against FXCM

That makes sense. But that still does not explain how this plaintiff decided to do something only after incurring a $150,000 loss over years? That to me, is still unexplainable and suspicious. Even if he didn't suspect that it's FXCM's fault, he ...

Class Action Lawsuit Against FXCM

I am curious, then how did FXCM become the largest FX broker in the industry? If I am a client, and if I see this is being done to me, I would've pulled my money out in a week or latest in a month and in the meantime, I would've stopped trading ...

Class Action Lawsuit Against FXCM

Increasing leverage and introducing FIFO does NOT change the core essence of the SPOT FX market; it just discourages small investors more from entering the market but forcing everybody to trade SPOT FX on an arbitrary "centralized exchange" does and ...

Class Action Lawsuit Against FXCM

That's what I've said in my very first post. Unless you are a bank, or big corporations or George Soros, as a small investor, you will always be short-changed, no matter which market you are in. Even with centralized exchanges, you don't think ...

Class Action Lawsuit Against FXCM