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NEWS FROM FXCM FOR 19-June-2009
Global Forex Firm Expands Krone Pair Offerings for Nordic Region
For Immediate Release:
Media Contact, Jaclyn Sales jsales@fxcm.com
London, 18 June 2009― Forex Capital Markets Ltd. (http://www.fxcm.co.uk) announced they now offer 10 different krone crosses to be traded on the FXCM trading platforms.
FXCM strives to be the premier forex provider for the Nordic region. Accessing highly competitive prices from relationships with some of the world's largest banks, and as a premier "No Dealing Desk" or agency execution forex firm focusing on the Nordic countries, FXCM offers clients no dealer intervention and tight spreads as low as 1 pip.
To further support the Nordic trading community FXCM now offers 10 different krone crosses:
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Swedish Krona Pairs |
Norwegian Krone Pairs |
Danish Krone Pairs |
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EUR/ SEK |
USD/NOK |
USD/DKK |
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USD/SEK |
EUR/NOK |
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CHF/SEK |
CHF/NOK |
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GBP/SEK |
NOK/JPY |
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SEK/JPY |
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Please note: Margin is 2%, meaning 50 times leverage. Currently these crosses are only available for live account holders.
Due to the volatile nature of these crosses driven by thin liquidity, spreads can be quite high and it is recommended to trade during Scandinavian (European) trading hours.
To read more on the Nordic markets, read the Scandi Daily on DailyFX by Joel Kruger, Technical Currency Strategist at www.dailyfx.com. Request to be put on the distribution list now: Nordic@fxcm.com
FXCM aims to deliver the best forex trading technology, resources, and 24/7 customer service through its multiple trading platforms, including: FXCM Trading Station II, MetaTrader 4, and Forex System Selector.
FXCM representatives are available 24 hours a day, 7 days a week.
Direct Number: +44 207 398 4054
Toll-Free UK Sales: + 0808 234 8789
E-mail: Nordic@fxcm.com
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FXCM Holdings, LLC Facts
As of January 2009
FXCM Holdings, LLC has over US$100,000,000 in firm capital.
More than 125,000 live accounts are traded on FXCM trading platforms
An average of $500 billion in notional volume is traded each month on FXCM trading platforms
In excess of $600 million in customer funds trading on platforms offered by FXCM
Only spot FX can be traded on this MT4 platform with FXCM.
Trading FX, CFDs, and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.
Joel Kruger’s Scandi Daily on www.DailyFX.com is a quick overview of the development of the krone crosses on a daily basis together with market data.
NEWS FROM FXCM FOR 04-June-2009
FXCM Holdings LLC Releases Financial Data:
For Immediate Release: Media Contact: Jaclyn Sales, jsales@fxcm.com
New York, June 4, 2009: FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the firm’s financial strength and status as of April 30, 2009.
Highlights of the (unaudited) balance sheet include the following:
$114,985,838 In Capital (Assets Minus Liabilities)
$130,307,551 In Operating Cash (Excludes Client Funds)
Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."
Balance Sheet (Unaudited)
FOR THE MONTH ENDED APRIL 30, 2009
(Amounts in USD)
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ASSETS |
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CUSTOMER CASH |
287,614,938 |
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OPERATING CASH |
130,307,551 |
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OTHER ASSETS |
9,248,124 |
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FIXED ASSETS |
10,476,181 |
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TOTAL ASSETS |
437,682,794 |
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LIABILITIES |
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CUSTOMER DEPOSITS |
287,614,938 |
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DEFFERED REVENUE |
16,000,000 |
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OTHER LIABILITIES |
19,082,018 |
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TOTAL LIABILITIES |
322,696,956 |
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CAPITAL |
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FXCM CAPITAL |
114,985,838 |
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TOTAL LIABILITIES AND FXCM CAPITAL |
437,682,794 |
FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, FXCM Canada LTD and FXCM DMCC.
Please Note: In April, there was a significant drop in the firm's net capital. This decrease is related to FXCM fulfilling its tax obligations. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 Million in firm capital, of which $60,472,142 is held by the firm's US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Dubai, Canada, Hong Kong and the United Kingdom.
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FXCM Holdings, LLC Facts
As of January 2009 |
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FXCM Holdings LLC has over $100 Million in capital
More than 125,000 live accounts are traded on FXCM trading platforms
An average of $500 billion in notional volume is traded each month on FXCM trading platforms
In excess of $600 million in customer funds trading on platforms offered by FXCM |
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Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.
* http://cftc.gov/stellent/groups/public/@financialdataforfcms/documents/file/fcmdata0409.pdf |
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NEWS FROM FXCM FOR 28-May-2009
New DailyFX Plus
Now with Bloomberg TV and Live Trade Alerts
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
New York, May 27, 2009FXCM Holdings LLC (www.fxcm.com) announced today a major expansion of DailyFX Plus. Now, in addition to Trading Signals, the Technical Analyzer and SSI order flow intelligence, DailyFX Plus offers you two new services―Bloomberg TV and Forex Stream.
Forex Stream, staffed by the DailyFX team of nine analysts, offers you real time market analysis focused specifically on intraday trading opportunities. This new service, which has been in development since 2008,replaces the Thomson IFR news feed.* http://forexstream.dailyfx.com/ or https://plus.dailyfx.com
Bloomberg TV. In our opinion, Bloomberg is unsurpassed for global, up-to-the-minute financial and economic news. As an integral part of DailyFX Plus, Bloomberg TV will stream real-time business news to you 24 hours a day, seven days a week. Its available now at https://plus.dailyfx.com
Forex Stream: This new FXCM service is specifically designed to supply you with direct, blunt, tradable news analysis―in time to trade on it. http://forexstream.dailyfx.com/
· Forex Stream provides signed, opinionated news analysis from the DailyFX analysts.
· Forex Stream comes at you fast, with short, cut-to-the-chase reports on price action and event impact― updated minute by minute around the clock.
· To save you time, it eliminates all information not immediately relevant to trading.
· It directs you to time-sensitive trading opportunities.
Open a live account for unlimited access to DailyFX Plus: http://www.fxcm.co.uk/open-an-account.jsp
FXCM Holdings, LLC Facts
FXCM Holdings LLC has over $100 Million in capital
More than 125,000 live accounts are traded on FXCM trading platforms
As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms
As of January 2009, an excess of $600 million in customer funds trading on platforms offered by FXCM
* For the last four years, we have been proud to provide Thomson’s excellent IFR news service as part of DailyFX Plus. Since our new service and IFR serve similar functions, however, we have decided to discontinue the IFR service.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
NEWS FROM FXCM FOR 21-May-2009
Leading Global Forex Firm
Now Offers MT4 Demo Accounts
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
New York, May 21, 2009Forex Capital Markets LTD (www.fxcm.co.uk) announced today that the FXCM MetaTrader4 demo, powered by Boston Technologies, is now available. FXCM has joined together with Boston Technologies to enhance FXCM’s MT4 offering.
Why Trade on MetaTrader 4 with FXCM?
· MetaTrader 4 is integrated with FXCM's No Dealing Desk execution that means no re-quotes
· Hedging capabilities through MT4
· Trade directly from the charts
· Spreads as low as 1 pip EUR/USD
· Accepting all EAs, including scalping EAs
· Free Trading Signals from DailyFX Plus
· 24/7 client support
Multiple Currency Denominations Accepted: Account Opening Minimum: A deposit of US$2,000, £2,000, €2,000, A$2,000, NZ$2,000, or ¥200,000 is required. http://www.fxcm.co.uk/metatrader.jsp
“We have received tremendous demand for our No Dealing Desk MT4 platform. Through our partnership with Boston Technologies, we are able to leverage their technical expertise and widen our MT4 offering. Offering demos and expanding the selection of base currencies, as well as offering programming assistance, is just the start. Very soon we hope to be offering free, lifetime VPS hosting as well,” said Marc Prosser, chief marketing officer at FXCM.
For answers to your questions on FXCM’s MT4 platform, powered by Boston Technologies, click: http://forexforums.dailyfx.com/mt4/74892-faqs-metatrader-4-a.html
To open a demo account: http://www.fxcm.co.uk/metatrader.jsp
To open a live account with FXCM UK: http://www.fxcm.co.uk/metatrader-apply.jsp
To open a live account with FXCM Australia: http://www.forextrading.com.au/metatrader-apply.jsp
If you are an existing account holder you can fill out the transfer form. Please contact Client Services Client Services Contact details
FXCM Holdings LLC Facts
FXCM Holdings LLC has over $100 Million in capital
More than 125,000 live accounts are traded on FXCM trading platforms
As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms
As of January 2009, an excess of $600 million in customer funds trading on platforms offered by FXCM
Only spot FX can be traded on this MT4 platform with FXCM
Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.
NEWS FROM FXCM FOR 04-May-2009
FXCM Acquires U.S. and International Clients of i-Trade FX
For Immediate Release:
Media Contact, Jaclyn Sales jsales@fxcm.com
New York―May 4, 2009―Forex Capital Markets LLC (www.fxcm.com) today announced it has reached an agreement to acquire the U.S. and international retail forex clients of i-Trade FX. Subject to regulatory approval, accounts are expected to be transferred from i-Trade FX to FXCM on May 8, 2009.
Like several other forex firms, i-Trade FX has decided to cease offering service to US retail clients. Other firms that have decided to exit the U.S. retail business include ODL Securities, Hotspot FX, and CMC Markets. To offer retail forex trading services under NFA rules, Forex Dealer Members (FDMs) will be required to have a minimum of $20 Million in firm capital as of May 16, 2009.
i-Trade FX, a registered Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA), regards FXCM as a leader in the retail forex community and believes that FXCM offers clients excellent execution and customer service.
FXCM considers i-Trade FX a strong broker with an innovative touch. FXCM recognizes the many attributes i-Trade FX brings to the industry. i-Trade FX is diligently working with FXCM to make the transition as smooth as possible for all affected clients.
FXCM welcomes all clients from i-Trade FX. Most clients will benefit from FXCM’s Standard account features of low spreads as low as 1 pip and No Dealing Desk execution.* i-Trade FX clients using the MetaTrader4 (MT4) trading platform will continue to be able to use MT4. FXCM’s version of the MT4 platform offers No Dealing Desk execution and fractional pip pricing. FXCM also has a dedicated MT4 support team to help clients transition their accounts.
FXCM, with over $100 Million, has one of the largest amounts in firm capital.† FXCM was founded in the United States and has offices, partners, and affiliates in the world’s major financial centers, uniquely positioning FXCM to provide exceptional service to traders around the world. Furthermore, FXCM is regulated in the U.S., the U.K., France, Australia, UAE, Hong Kong, and Canada. FXCM’s domestic offices are located in New York, NY; Plano, TX; and San Francisco, CA; FXCM’s international offices include Hong Kong, Paris, Dubai, London, and Sydney.
FXCM will provide regular updates to clients throughout the transfer. FXCM staff is available to answer questions about the transition and can be contacted 7 days a week 24 hours a day via phone, e-mail and chat.
*Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts
†Source: http://cftc.gov
Forex Capital Markets LLC is one of the Largest Forex Dealer Members. More than 125,000 live accounts are traded on FXCM trading platforms. As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platform, while as of January 2009, in excess of $600 million in customer funds trading on platforms offered by FXCM.
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors.
NEWS FROM FXCM FOR 30-April-2009
Leading Global Forex Firm Opens in Dubai
Licensed in Dubai by the DMCC
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
New York, April 30, 2009―FXCM Holdings LLC (www.fxcm.com) has opened an office in Dubai. Expanding its global footprint, FXCM DMCC (www.fxcmarabic.com) is licensed by the Dubai Multi Commodities Centre (DMCC) and is a Broker Member on the Dubai Gold & Commodities Exchange (DGCX). The UAE market presents a significant part of FXCM's international growth.
With a local presence, FXCM DMCC will offer:
· Local Customer Service: ― Arabic customer support
· Local Regulation: ― Regulated by DMCC, a broker member on the DGCX
· Local Wire Transfer: ― Quick deposit and withdrawal service COMING SOON
Located in the heart of Dubai, FXCM DMCC will offer full 24/7 Arabic services via phone, e-mail, and chat. The Dubai office will be open 10AM–7PM Dubai time, and all inquires will be forwarded to Arabic speaking teams in the U.S. during off hours.
Trade with confidence―Trade with FXCM DMCC:
· No Dealing Desk execution.
· Active Trader platform with five levels of market depth.
· Easy to use platform: fully customizable look and feel with integrated charts.
· Free Forex Trading Signals in Arabic with live account―Get trading buy/sell signals and alerts in real time.
Free Local Seminar:
Starting May 1, sign upfor a free seminar at the FXCM DMCC office. Learn all about the forex market and its advantages, as well as an in-depth understanding of technical analysis and money management. http://www.fxcmarabic.com/dubai-forex-seminar.jsp
Come Visit Us!
FXCM DMCC
Al Barsha Business Center,
2nd Floor, Office 202
Dubai, UAE
Phone: 001-646-432-2955
Fax: 1-212-897-7669
E-mail: Arabic@fxcm.com
Web site: www.fxcmarabic.com
FXCM Holdings LLC
· FXCM Holdings LLC has over $100 Million in capital
· More than 125,000 live accounts are traded on FXCM trading platforms
· As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2009, in excess of $600 million in customer funds trading on platforms offered by FXCM
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors.
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