FXCM Will Forgive 90 Percent Of Accounts, Collect From Large Investors

FXCM will focus on the larger clients that account for the majority of losses following the SNB’s surprise decision earlier this month

FXCM will forgive negative balances for roughly 90% of the clients who have negative balances after losing money when the Swiss National Bank removed the exchange rate cap on the franc and will adjust those client accounts in the next few days. But that doesn’t mean everyone is off the hook, company’s largest clients will still have to cover their bets.

"FXCM worked diligently to reach this decision and we are extremely appreciative of our clients for their patience and loyalty as we worked through this," said FXCM CEO Drew Niv in a statement.

FXCM still expects major accounts to...

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