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Old 11-12-2008, 04:24 PM
forex savior forex savior is offline
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Join Date: Jun 2007
Posts: 248
Default September Net Capital Report

The CFTC has just released their latest net capital figures. The big news is that everyone is doing well. Firms are seeing big jumps in net capital as forex brokers appear to be raking in the cash in this volatile market. It doesn’t appear that anyone has had difficulty clearing the $10 million hurdle judging by the fact the NFA has not closed down anyone since Halloween (although AMIFX continues to report way below the $10 million requirement although keep in mind CFTC reports lag a full month behind the current date.) The only other change appears to be that IFX and FX Solutions have formally merged as IFX is no longer listed on the CFTC Report.

http://www.cftc.gov/marketreports/fi...fcms/index.htm

The following firms have net capital below $10 million

Advanced Markets $6,743,000
Friedberg Mercantile $8,164,000
ACM $8,891,000
Forex Club $9,615,000
Easy Forex $9,943,000

The following firms have net capital below $20 million

Hotspot $10,021,000
Ikon $10,424,000
GFS Forex $11,908,000
MB Trading $14,245,000
ODL $15,180,000
I Trade FX $17,258,000
Alpari $17,437,000

The following firms have net capital above $20 million

FX Solutions $21,197,000
CMS Forex $22,018,000
PFG $22,038,000
Interbank FX $37,596,000
GFT Forex $67,073,000
Gain Capital $77,580,000
FXCM $114,299,000
Oanda $168,344,000

As always conduct your due diligence and make sure the firm you are trading with will be able to comply with the new $20 million capital requirement going into effect in the months ahead.
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