Http://www.ft.com/cms/s/0/66e972dc-9...44feab7de.html
Why would anybody trade forex?
By Jonathan Eley
The odds are stacked against the retail investor
he Financial Conduct Authority has now fined FXCM #4m to get a clinic it euphemistically
termed #8220;asymmetric price slippage#8221;, and which most people would describe as ripping off
clients.
The UK portion of the company, whose parent is currently recorded in america, accepted foreign-exchange trades
from retail customers and placed them together with other FXCM Group units. #8220;FXCM group retained profits from
favourable market movements between the time that the orders were placed and executed, while some
losses were passed on to customers in total,#8221; the FCA discovered.
In addition, the UK part of the firm failed to tell the ruler that it had been investigated in the united states for comparable.
Etc
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I have to agree. I'm giving up on fx completely. You find a honest broker. The markets are manipulated and bankers are becoming caught left and right in each and every bank and establishment.