FM: GFT throws a bomb – pulls out of the US forex market

GFT throws a bomb – pulls out of the US forex market (Updated)
by Michael Greenberg at Forex Magnates
NFA did reveal that there’s an American broker (after Advanced Markets) who is going to leave the US market soon but we didn’t see this one coming. We did see GFT cutting down jobs in America on several occasions but only thought this was restructuring and adapting to current tough market similarly to other brokers. GFT however just now announced on its website that it is pulling out of the US market altogether.
Once again US brokers can thank the NFA for killing their market.

Views: 362

Tags: GFT, US Forex Broker GFT, US Retail FX, US Retail Forex Market

Comment by Dr. Sivaraman on December 3, 2012 at 3:10pm

Dear Francesc

Not only the brokers even the traders are given such hardship in the name of regulations .

Regards

Dr.Sivaraman

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