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Новости рынков | Forex-брокер FXCM 5 лет играл против своих клиентов
- 07 февраля 2017, 14:00
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FXCM — крупнейший forex-брокер в США с долей рынка 34% и третий по объему торгов в мире. Его ежедневный торговый оборот достигает 12 млрд долларов.
Вчера его лишили лицензии на работу в США (в Европе может продолжать работать).
Компания скрывала тот факт, что владельцем маркет-мейкера, транслировавшего котировки, является ее сотрудник, занимавший должность управляющего директора, и умышленно сообщала ложные сведения Национальной фьючерсной ассоциации США (National Futures Association), чтобы получить регистрацию.
p.s. Сейчас компания не открывает счета россиянам, что в общем-то и неплохо.
Холивар уже вовсю:
OANDA trades against their own retail traders, they all do, except that OANDA owns a small bank and does their dirty business through them.
I currently use FXCM.
Personally, I never observeded any shenanigans. I can't really speak to the sub-penny, nanosecond resolution, but for the most part its been okay.
I can testify the following:
If your account has less the $4000 in it, the following applies:
1) you pay a $10.00 monthly maintenance fee; and you maintain your «no-dealing desk» status; you get access to exotic pairs like USDTRY, USDZAR, and USDCNH.
2) FXCM out-right states, «we will take opposing positions to your entries» (like any other bucket shop (i.e. you do deal with a dealing desk, aka a market-maker).
--
Honestly, if you're in Forex, should this be a surprise to you that this stuff happens? My only surprise is that the CFTC made a complaint about it.
Disclosure: customer of FXCM for 7 years.
Having worked on the other side of the industry I'd need to write a book to reveal the stunts that spivs and con men like FXCM pull to rinse their clients, it's the same with spread betting firms in the uk such as CMC and IG. They're all not content with clients losing (and 80%+ do through poor decision making) they have to stiff them too. But the key issue is when the Swissie came off the Euro peg FXCM lost circa 200 million, thereby revealing their lies about being non dealing desk and using an ECN model.
Все секреты всплывают тогда, когда это куму то нужно))просто посудите сами: если об этом уже три года, как знаю я — а я, это ноль без палочки, на фоне тамошних воротил технологий, то что уж говорить о регуляторах и их информаторах? Помножте все это на сарафанное радио… Но никто не дергался. И вот на тебе, «сюрприз»!))
Если чистый Брокер для тебя не подходит по каким то причинам, найди такого маркета — вряд ли ты будешь для него обузой.
Но вот само осознание этого момента, конечно, мешает) Ну и регламент, регламент…
А к Оанде у меня личная неприязнь, так что я буду предвзят. Это, примерно, как отношение к малиновому пиджаку из девяностых, которого увидел бы сейчас. Вроде, костюм другой, но рожа то та же, бандитская… Как ему верить??))
Бабка сказала, что мухлят. Не так, конечно, чтоб кинули и исчезли с концами или просто внаглую не отдали. Ребята которые работают масштабно и прикрывают репутацию серьезными контролирующими органами — работают тонко. И не обязательно по той схеме, к обману по которой мы привыкли.
Вот недавно визит был, к стоматологу… В прайсе одна цена, в кабинете после беседы с доктором она уже ниже. Доктор не в обиде и даже в плюсе, компания тоже в целом не вхолостую отработала, да и я тут явно не пострадавшая сторона — тоже доволен. Косвенно пострадало государство — получит меньше налогов. Жухло? Очевидно. Регламент поведения нарушен, контролирующий орган недоволен. Но остальным то по барабану, верно?))
Поэтому извините, не подскажу. Но думаю, они из одного теста с FXCM. Просто в какой то момент возможностей оказалось больше.
www.streetinsider.com/Corporate+News/FXCM,+Inc.+(FXCM)+to+Withdraw+from+Business+in+U.S./12505240.html
www.nfa.futures.org/news/newsRel.asp?ArticleID=4786
The CFTC on Monday fined Forex Capital Markets, parent FXCM Holdings LLC and founding partners Dror Niv and William Ahdout to pay $7 million to settle charges it defrauded retail foreign exchange customers and engaging in false and misleading solicitations. As part of the settlement, FXCM agreed to withdraw its registration and never seek to register with the CFTC again, effectively banning it from operating in the US. The CFTC found the retail FX broker had an undisclosed interest in the market maker that consistently won the largest share of FXCM's trading volume, and was therefore taking positions opposite its retail customers.
The CFTC also found that FXCM willfully made false statements to the National Futures Association in order to conceal FXCM's role in the creation of its principal market maker as well as the fact that the market maker's owner had been an FXCM employee and managing director.
The commodity regulator said in a statement that «between Sept. 4, 2009 though at least 2014, FXCM engaged in false and misleading solicitations of FXCM’s retail customers by concealing its relationship with its most important market maker and by misrepresenting that its 'No Dealing Desk' platform had no conflicts of interest with its customers.»
Niv, FXCM's chief executive officer, and Ahdout, its managing director, are also barred from future CFTC registration and acting for those who are registered for the agency.
FXCM is currently the largest Retail Foreign Exchange Dealer (RFED) in the US, with an estimated market share of approximately 34.0% in December. It is unclear what the fallout will presently be for the US FX market following the CFTC order. The shakeup could prompt a Jefferies/Leucadia takeover, given the company’s existing financial obligations and past deal with Leucadia in the aftermath of the Swiss National Bank (SNB) crisis. The news also comes during after hours trading in the US – prior to the enforcement action, FXCM’s share prices had already been trading close to its 52-week low of $6.65, having closed at $6.85 Monday.
According to Gretchen L. Lowe, Principal Deputy Director and Chief Counsel of the CFTC’s Division of Enforcement, in a recent statement on the order, “Full and truthful disclosure to customers and honest discourse with self-regulatory organizations such as NFA are vital to the integrity and oversight of our markets. Today’s action’s demonstrates that the CFTC is committed to protecting customers from harm in the markets it regulates.”
Following the CFTC order, the National Futures Association (NFA) also stipulated that the group’s founders William Ahdout and Dror (Drew) Niv as well as FXCM have been forced to withdraw from NFA membership, also facing a permanent ban. The effective date for these actions is February 21, 2017. The NFA has accepted the settlement offer of FXCM, and the aforementioned individuals neither admitted nor denied the allegations outlined in the order.
As for FXCM's thousands of retail clients, they may soon have to find more creative ways of losing their money than «investing» in 50x levered, central-bank dominated, HFT-infested currency markets whose only purpose these days seems to be to inflict the greater damage by stopping out the largest number of positions possible.