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Tower Research Capital Review
Tower Research Capital is a New York quantitative trading firm active in forex since 1998. It trades only its own money and offers no retail accounts.
Min Deposit
N/A
Spreads From
Not applicable, no retail trading service exists
Max Leverage
Not applicable, no retail trading service exists
Platforms
N/A
Pros
- Active in global markets for more than 25 years under founder Mark Gorton
- Signed the FX Global Code and publishes its FX execution rules in public
- Runs offices across the United States, Europe, and Asia with real staff
- Added real compliance staff and trade surveillance tools after its 2019 case
Cons
- Not a retail forex broker, it will not open an account for ordinary traders
- Paid the CFTC and Department of Justice 67.4 million dollars for spoofing in 2019
- Its Latour Trading unit paid the SEC 16 million dollars for a capital rule breach in 2014
- NFA records list Tower Research Capital LLC itself as not an NFA member firm
Tower Research Capital is not a normal forex broker. It is a quantitative trading firm from New York, started in 1998 by Mark Gorton and Alistair Brown. It trades its own money with computer models and does not open accounts for retail traders.
Tower trades stocks, futures, and spot forex. In currencies, it acts as a liquidity provider, feeding prices into the market rather than serving client trades. It has signed the FX Global Code and shares public rules about its pricing and order checks. It runs offices in New York, London, Singapore, and Hong Kong, with more than 1100 staff.
Real oversight exists, but not the retail kind. NFA records show Tower Research Capital LLC itself is not a member firm. In 2019, it paid the CFTC and Department of Justice 67.4 million dollars over a futures spoofing scheme from 2012 to 2013. In 2014, its unit Latour paid the SEC 16 million dollars for holding too little capital. Tower is a real, active firm, just not one a retail trader can join.
Max Leverage
Not applicable, no retail trading service exists
Spreads From
Not applicable, no retail trading service exists
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
