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FXCM (FXCM), which provides online currency trading for individual speculators at DailyFX.com,...

  • Thursday, December 2, 2010, 11:57 AM ET
    FXCM (FXCM), which provides online currency trading for individual speculators at DailyFX.com, raises $211M in an IPO. The shares were priced at $14 or 16X 2010 earnings. It is the first online trading group to go public since Interactive Brokers (IBKR) in 2007. Next up, Gain Capital which operates FOREX.com.
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    I wouldn't trade with either company. They should make money as they skim the spread and bet against their customers; go stop hunting and pushing out "fake" bid/asks to trigger stops on their platforms and many of the other FX tricks that shady FX shops do.

    Avoid as a trader, and as an investor take profits quick on run-ups cause they will certainly do so.
    2 Dec 2010, 12:16 PM Reply Like
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