Tag: FXCM Leucadia loan

August 04, 2016 BY LeapRate Staff

FXCM Revenues down 1% in Q2, still owes Leucadia $192.5 million

The quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. The highlights from our standpoint are: Revenues…

Read more
June 15, 2016 BY LeapRate Staff

FXCM is doing great... and is in big trouble

Retail forex broker FXCM Inc (NYSE:FXCM) continues to report some of the highest FX trading volumes in the industry month by month, with May 2016 coming in at $280 billion. After narrowly avoiding bankruptcy early last year in the immediate aftermath of the January 15, 2015 surprise Swiss Franc spike by securing (over the course of…

Read more