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Report: #561046

Complaint Review: FXCM - New York City New York

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  • Reported By: Sean Cougar — Ashland Oregon United States of America
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  • FXCM New York City, New York United States of America

FXCM Rakes Interest, Steals Money New York City, New York

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Hello, FXCM is a forex trading company that has stolen millions of dollars worldwide.  Evey 24 hours they're supposed to collect or pay interest.  They collect but they don't pay, they pad the payments for themselves.  If a position is turning profitable they close with a false margin call even though the account was no where near the call point, by doing this they take what would have been highly profitable trades and make them into losers thereby pocketing the money themselves.  If the market starts to move they lock you out sou you can't buy until the market stops.  This is illegal and they deny doing it of course.  They also prevent you from selling losing positions causing much greater then necessary losses.  The employees will rob you blind.  Do not do business with FXCM.

This report was posted on Ripoff Report on 01/27/2010 10:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fxcm/new-york-city-new-york-/fxcm-rakes-interest-steals-money-new-york-city-new-york-561046. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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