Since I am trading forex with FXCM and having some concerns about whether or not they are practicing underhanded tactics to wipe out the accounts of new traders who don’t know too much about forex tips and couldn’t prove they are being scammed even if they might suspect the possibility, it concerns me to discover that two of their top strategists have left them and signed with another firm. None of this of course matters to you unless you are trading forex with FXCM or otherwise trying to determine if you should trade forex with FXCM.
Why have Kathy Lien and Boris Schlossberg left FXCM? I would be curious to find out, although I suspect they probably wouldn’t be forthcoming if their reasons have anything to do with FXCM being guilty of shady practices when it comes to traders who are easy to take advantage of. They would probably want to protect their interests and not open themselves to questions about their own integrity; or else they are contracturally obligated not to discus FXCM’s business practices.
Whatever the real situation it is certainly cause for concern that two of FXCM’s top strategists have left them.
Update: seems Kathy and Boris left FXCM because they received a better deal with another forex company (GFT) Kathy Lien and Boris Schlossberg Join GFT after leaving FXCM