Trouble times for the main sponsor of FXstreet.com and Forexstreet.net :(
I really hope GFT will get over these trouble times they are facing and they will continue in the business for many years to come. The retail FX industry needs companies like them. If I am not mistaken, they have one of the cleanest records of the industry with the NFA with no single action against them and only 4 reparation cases with the CFTC.
note: Reparations claims are not enforcement actions. They are attempts by customers to resolve futures-related disputes. The number of reparations claims filed does not necessarily mean that the individual or firm violated any rules. Some of the claims may have been dismissed, settled or withdrawn.
As I said, we need firms like GFT to remain
Good luck guys!
GFT lets more people go, company’s restructuring
by Michael Greenberg at Forex Magnates
Back in July we interviewed GFT’s CEO Gary Tilkin who was speaking about navigating his brokerage through turbulent times. Well by all indications the turbulent times are already here - the industry is suffering from extremely low volumes which directly affect brokers’ income.