The sad SAD part about all of that is, FXCM the biggest scammer in the FX industry known to date, have the most capital 56 mill.
That is capital they have taken/stolen from there customers by directly trading against them or even using there capital to trade themselves and just fixing the results of customer trades.
FXCM been fined many times by NFA have they ever even paid it?
Then you have IBFX which has only 7 million yet they are for the traders making money from the spread and not trading against them, I know alot of people whinge about the spreads at times, even if you look at an ecn the spreads arent much better even worse.I cant see how IBFX could make only there revenue from pip spread though, imagine if they had mostly carry trade customer who have positions open for months then they only get pip spread once, they would make nothing.All scammers in my opinion all of them.

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