FXCM Wishes to Buy Forex Brokers

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Drew Niv, the CEO of FXCM, declared that he wishes to use the company’s vast amount of cash in order to acquire forex brokers. With growing regulation, it will be hard for small brokers to operate.

Big brokers have the resources to deal with the regulation, and they can enjoy the growing popularity of forex trading and the fact that currency trading is becoming more mainstream. FXCM’s IPO contributed mainstreaming forex.

FXCM currently has around 200 million dollars in cash. This sum is sufficient for both acquisitions and also for handling the recent lawsuits that they’ve received.

Read more of the interview here.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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