FXCM accounts are being sold to Gain Capital (forex.com). So, the do-nothing option for existing FXCM customers is to get used to the forex.com platform, and resume trading there.
Each trader obviously has the additional option of closing his/her [I]existing FXCM account before the transfer,[/I] or closing his/her [I]new forex.com account after the transfer.[/I]
As for other choices of U.S. forex brokers, see the last portion of this post.
Agreed. Jason Rogers has been – and hopefully will continue to be – a valuable contributor to this forum. As far as I know, he will continue to represent the international interests of FXCM here on this forum, which will be a great help to non-U.S. traders looking for a large, well established broker.
Forex.com is headquartered in New Jersey, about 35 miles west of Manhattan.
Is that close enough to New York for your taste?
This should not surprise you. Neither is there consensus on the best bank, the best beer, the best hotel, etc. Besides, ratings you find on the internet have to be viewed with great scepticism.
I presume that you are referring to the [I]Broker Aid Station,[/I] in which FXCM has been the most active participant, and forex.com and Oanda do not participate. I’m not sure what conclusions you can draw from that.
It would be great if more brokers devoted the time and energy to serving this forum that Jason Rogers has devoted. But, that probably won’t happen – Jason is the gold-standard for broker reps.
As for a “presence” on Babypips, both forex.com and Oanda advertise on this site, often heavily.
Several minutes ago, I captured this screen shot of the forum main page.
Forex.com was certainly all over it —
You’re now down to 4 choices – two major players, and two minor players – thanks to the ongoing efforts of the CFTC to wipe out [I]off-exchange forex trading[/I] in the U.S. See THIS RECENT POST.
Here’s a graphic from [I]Finance Magnates[/I] showing the market-share of [I]the 5 U.S. brokers still in business prior to the exit of FXCM.[/I]
If forex.com captures all (or most) of FXCM’s market-share, you can do the math, and figure the resulting sizes of [I]the 4 remaining brokers after the exit of FXCM.[/I]