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They are going to ring the MC bell.
November net Capital Numbers are Out
The CFTC has just released their latest net capital figures. With the $15 million dollar deadline just days away who will make the cut and who will not?
Financial Data for FCMs
The following firms have net capital below $15 million
Advanced Markets $10,195,000
Hotspot $10,527,000
Easy Forex $10,606,000
GFS Forex $12,861,000
MB Trading $14,664,000
AMIFX, HotSpot and Easy Forex are really behind the 8 ball. They are not even close to the $15 million mark. Sure the CFTC cap report lags about six weeks behind but time is running out and these firms have not shown any kind of gradual increase in their cap numbers unlike their other competitors.
The following firms have net capital below $20 million
IKon Royal $15,013,000
Forex Club $15,823,000
I Trade FX $17,098,000
Alpari $18,158,000
ODL $18,982,000
The following firms have net capital above $20 million
CMS Forex $26,540,000
PFG $27,704,000
Interbank FX $42,954,000
FX Solutions $45,125,000
GFT Forex $73,808,000
Gain Capital $102,959,000
FXCM $131,416,000
Oanda $170,799,000
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.
hi bro,
how about instaforex?
hi bro, how about instaforex?
don't know squat about those guys. think they are unregulated.
^ LOL. Oh, that's gotta hurt.
FXSavior,
What exactly is the definition of capital? Who does it consists of? Is it just the profit that the company has made and put into its own account? Or does it include the capital of the investor as well?