[forex savior]

The CFTC has released its latest Adjusted Net Capital report. With less than three months to go before the NFA raises capital requirements to $10 million the Capital issue is once again front and center in retail forex. How does your firm stack up?
Financial Data for FCMs

The following firms have net capital below $10 million

Advanced Markets $5,054,000
Bacera $5,361,000
MG Financial $6,086,000
ACM $7,342,000
Hotspot $7,711,000
Friedberg Mercantile $8,189,000
Ikon $8,301,000
Forex Club $8,454,000
CMC $8,729,000
Easy Forex $9,478,000

No change in capital for Advanced Markets, Bacera and Money Garden who are still way below the upcoming cap increase. Also, for the first time ACM is reporting net capital and their first number out of the box isn’t that great. One suspects they had no idea cap requirements were going up and it could very well be they have completely mistimed their entry into the U.S. market. ACM appears to have brought a knife to a gun fight… Typical of a Swiss firm isn’t it?

The following firms have net capital below $20 million

GFS Forex $10,909,000
MB Trading $11,165,000
IFX $13,010,000
ODL $13,053,000
Alpari $13,084,000
I Trade FX $16,097,000
FX Solutions $17,974,000
CMS Forex $17,931,000
PFG $19,862,000

The following firms have net capital above $20 million

Interbank FX $30,364,000
Gain Capital $61,918,000
GFT Forex $67,298,000
FXCM $70,792,000
Oanda $165,526,000

As always conduct your due diligence and make sure the firm you are trading with will be able to comply with the new law going into effect in less than three months.