FXCM hits back at CFTC charge

FXCM chief executive officer Drew Niv said the CFTC’s accusations, which centre on FXCM’s relationship with Gibraltar Monetary Corporation, were "ridiculous and baseless".

The CFTC filed its complaint on February 10, alleging Florida-based Gibraltar made false promises of large profits, misrepresented its expertise and downplayed the risks inherent in trading FX options. FXCM was charged with liability for the acts of Gibraltar, which acted as an introducing agent for FXCM.

Niv said it was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: