FXCM goes on offensive after £4 million FCA fine

Technology

FXCM has attacked other retail foreign exchange brokers for not behaving in the best interests of their clients and not providing best execution, days after it was fined £4 million for breaching the same rule as well as not treating customers fairly by the UK Financial Conduct Authority (FCA).

The FCA found the retail broker guilty of not passing on certain price improvements – but losses in full – to clients for the period August 2006 to December 2010 on February 26, a practice known as

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