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NEWS FROM FXCM FOR 19-August-2008
FXCM Micro, the New Discount Forex Division of FXCM
New York, August 19, 2008
FXCM (www.fxcm.com) has announced the opening of its discount brokerage division FXCM Micro (www.forexmicrolot.com)
FXCM Micro allows traders to trade with super-low spreads, automated execution, and 1K lot sizes. FXCM Micro is offered for individual, self-traded accounts.
FXCM Micro successfully launched on June 22 with existing clients and has since fully launched, accepting new clients both domestic and internationally. Currently there are over 15,000 clients trading through FXCM Micro.
FXCM Micro is for traders who prefer the flexibility and convenience of trading in small (1K, 2K) lots, but are not willing to sacrifice tight spreads or quality execution.
With FXCM Micro, you can open an account with as little as $25, yet trade with competitive spreads.
In order to provide clients with tight spreads for 1K lot sizes (as little as 15 cents per lot for EUR/USD), FXCM controls expenses, such as costly support services. Instead of providing these services to clients by phone or IM, FXCM has innovated extensive self-help sections so that clients can find immediate answers on the Web site.
For more information and to see lower spreads, open a live FXCM Micro account with only $25, Sign up at http://www.forexmicrolot.com/open-an-account.jsp
# # #
FXCM Facts
· Forex Capital Markets LLC is one of the Largest Forex Dealer Members
· More than 100,000 live accounts are traded on FXCM trading platforms
· As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
· FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
# # #
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 14-August-2008
DailyFX.com Analyst Give
Free Trading Ideas
New York, August 14, 2008
DailyFX.com analysts (www.dailyfx.com) now offer traders a roundtable discussion of their favored currency picks on a daily basis. Published at 9:30 (EST), the portal's top researchers share their trade for the day and tell the online community what to look for when positioning a trade.
Each business day places a different currency under scrutiny, allowing traders to see how many analysts are bullish and bearish on the market, and providing professional insight for individual strategy decisions. In a special "Pick of the Week," analysts identify the trade they foresee as most promising, based on current market conditions.
Schedule of Trading Ideas (schedule is subject to change based on market conditions):
Monday: "Pick of the week" | Each analyst picks the trade they think will be the most profitable.
Tuesday: Trading ideas for the EUR and GBP.
Wednesday: Trading ideas for the JPY,
Thursday: Trading ideas for the CAD
Friday: Trading ideas for the AUD or NZD.
Find DailyFX.com analyst’s picks here: http://www.dailyfx.com/analyst_picks/
# # #
About DailyFX.com
DailyFX.com is one of the world’s leading news and information sources for the currency trading community, providing research, forecasts and proprietary studies.
· Wide international audience: Over 4 million page views a month.
· Up-to-the minute news: From 10 to 20 articles and reports every day on the latest changes in the currency market.
· Timely technical analyses: Close examination of promising chart formations.
· Up-to-date analysis of fundamental influences: In-depth analysis of recent price moves, predictions of likely market moves and explanations of economic and political factors driving the market.
· Economic Calendar: Complete release schedule of news events coming out of the G-10 countries, with sort and filter capabilities to rank each by importance and impact on specific currencies.
· Forum: The DailyFX.com Forum is a serious online forum that avoids the “market noise” and irrelevant personal commentary that plague many forex blogs and forums. DailyFX strives to keep the DailyFX.com Forum the place where real traders go to talk about serious trading.
· Free charts: Free forex charts for beginning, intermediate and expert traders, complete with live currency quotes
· Live rates: Live currency rates around the clock.
# # #
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 29-July-2008
FXCM Group Releases Latest Financial Data
New York, July 29, 2008
The FXCM Group has released its most recent balance sheet. The numbers reflect the group’s financial strength and status as of June 30, 2008. Highlights include:
Over $95 Million in Capital (Assets Minus Liabilities)
Over $125 Million In Operating Cash (Excludes Client Funds)
FXCM believes that financial transparency in the retail forex industry is more important than ever in light of the NFA’s new financial requirements. Furthermore, they challenge other forex firms to follow their example.
|
Balance Sheet (Unaudited)
AS OF JUNE 30, 2008 |
|
ASSETS |
|
|
|
CUSTOMER CASH |
369,600,935 |
|
OPERATING CASH |
126,229,454 |
|
OTHER ASSETS |
5,907,155 |
|
FIXED ASSETS |
6,817,568 |
|
|
|
|
TOTAL ASSETS |
508,555,112 |
|
|
|
|
LIABILITIES |
|
|
|
CUSTOMER DEPOSITS |
369,600,935 |
|
DEFFERED REVENUE |
21,000,000 |
|
OTHER LIABILITIES |
22,458,763 |
|
|
|
|
TOTAL LIABILITIES |
413,059,698 |
|
|
|
|
CAPITAL |
|
|
|
FXCM CAPITAL |
95,495,414 |
|
|
|
|
TOTAL LIABILITIES AND FXCM CAPITAL |
508,555,112 |
The FXCM balance sheet assures the forex industry of its financial strength and stability. FXCM continues to grow and will continue to publicly release its balance sheet.
The FXCM Group consists of FXCM Holdings LLC, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD.
# # #
FXCM Facts
· Forex Capital Markets LLC is one of the Largest Forex Dealer Members
· More than 100,000 live accounts are traded on FXCM trading platforms
· As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
· FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
# # #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 16-July-2008
FXCM Adds High-Interest-Rate Currency Pairs
to its Forex Trading Platform
New York, July 16, 2008
FXCM (www.fxcm.com) announced today the addition of three new exotic currency pairs to trade on the FX Trading Station, marked by high interest rates and high roll over.
New Currency Pairs:
Euro/Turkish Lira
United States Dollar/Turkish Lira
United States Dollar/South African Rand
Current Central Bank Interest Rate: Turkish Lira (TRY) 16.25%
Current Central Bank Interest Rate: South African Rand (ZAR) 12.00%
The most liquid trading time for the Turkish Lira and the South African Rand is 2 AM (EDT) – 12 PM (EDT)
When trading exotic currency pairs, please be advised that liquidity in emerging-market currencies is significantly less than G8-country currency pairs. Low liquidity often causes large price swings with spreads that can widen to several hundred pips. To learn more about trading emerging-market currencies, view the Guide to Trading Emerging Market Currencies on DailyFX.com
In total, FXCM offers trading for over 30 currency pairs. To see additional currency pairs on the FX Trading Station click on the Currencies button on the top tool bar to customize which pairs you see in your trading station, or view this video for more help: http://forex.acrobat.com/p69707443/
FXCM is committed to providing its clients with real-time streaming pricing with tight spreads.
All pairs will be available to all clients except for Hong Kong accounts.
Margin Requirement: EUR/TRY and USD/TRY8%
Margin Requirement: USD/ZAR 5%
Emerging Market Currencies Guide: (http://www.dailyfx.com/page/free_guide-range.html)
# # #
FXCM Facts
· Forex Capital Markets LLC is one of the Largest Forex Dealer Members
· More than 100,000 live accounts are traded on FXCM trading platforms
· As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
· FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
# # #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 02-June-2008
FXCM Offers Free Forex Education
and Free Forex Trading Signals for the
CNBC.com Million Dollar Portfolio Challenge
New York, June 2, 2008
FXCM (www.fxcm.com), the official currency-trading sponsor of the CNBC.com Million Dollar Portfolio Challenge, announced today that it is providing all contestants of the virtual trading competition with free forex education and trading signals to optimize their currency-trading experience.
Free Education: Contestants can sign up for FREE education lessons on trading in the currency market. Written by DailyFX.com analysts, the lessons will help traders gain an edge in trading their currency portfolio. The lessons come in an e-mail cycle, and registrants will receive 12 e-mails in total (1 lesson per day).
Sign up here: http://www.fxcm.com/cnbc-signup.jsp
Free Trading Signals: Contestants of the CNBC.com Million Dollar Portfolio Challenge contestants can also take advantage of full access to proprietary forex trading signals from DailyFX + for the duration of the contest. These proprietary trading signals will help new currency traders to construct trading ideas.
To login to DailyFX + http://plus.dailyfx.com
To learn more about DailyFX + http://www.fxcm.com/dailyfx-plus.jsp
To view the video of DailyFX + https://admin.acrobat.com/_a205571165/p67648316/
General Discussion: FXCM is happy to welcome all traders to the DailyFX.com forum, which is designed to open lines of communication between traders and to answer any questions they may have about trading foreign currencies. Contestants can discuss their currency trades and strategies with other traders participating in the challenge.
Start a discussion here: http://www.learncurrencytrading.com/fxforum/forumdisplay.php?f=171
FXCM would like to wish all traders, Good luck!
About the CNBC.com Million Dollar Portfolio Challenge:
The CNBC.com Million Dollar Portfolio Challenge is a virtual trading competition that was previously limited to stock trading only and will now feature both stock trading and currency trading. Competitors in the Challenge, which began on May 12, 2008, are given $1 million in virtual “CNBC Bucks,” $900,000 for trading common stocks, and $100,000 at ten-to-one margin for currency trading.* For 10 weeks, traders compete to win exciting weekly prizes for the highest percentage of weekly portfolio growth. At the end of the 10-week period, the top 6 players with the highest overall holdings in his or her portfolio will receive an aggregate of $1,000,000 in cash prizes, paid as annuities.
For a complete set of contest rules, and to register for CNBC.com’s Million Dollar Portfolio Challenge, please visit https://milliondollar.cnbc.com
*Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
# # #
FXCM Facts
• Forex Capital Markets LLC is one of the Largest Forex Dealer Members
• More than 100,000 live accounts are traded on FXCM trading platforms
• As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
• As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
• FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 08-May-2008
Now Available With FXCM:
MetaTrader 4 by MetaQuotes
New York, May 7, 2008
FXCM (www.fxcm.com) announced that clients can now choose between trading on the FXCM trading platform or on MetaTrader4 platform by MetaQuotes.
After numerous requests from the forex community, FXCM has added Meta Trader4 to its list of trading platform options. Many forex traders love the MetaTrader 4 platform, but want the benefits of FXCM as their broker.
Trading with FXCM offers the security of trading with one of the largest and most financially secure Forex Dealer Members. Several brokerage firms which offer the popular MetaTrader 4 trading platform are unregulated in the US (under the CFTC and NFA) or at all.*
Clients switching to FXCM will enjoy:
• No Dealing Desk Execution
• Low Spreads
• Great Execution – Even During News Events
• 24/7 Customer Support
• Proprietary Trading Signals and Ideas From DailyFX.com
“We respect that many forex traders are familiar with the MetaTrader 4 platform. Now our clients have a choice of two great trading platforms, the FXCM Trading Station 2.0 and MetaTrader 4,” said Marc Prosser, Chief Marketing Officer at FXCM. “The choice is free; there is no additional software charge for using any of the trading platforms.”
For more information regarding MetaTrader 4 with FXCM please visit http://www.fxcm.com/meta-trader.jsp
A separate application is needed for clients choosing to trade on MetaTrader 4 platform. http://www.fxcm.com/metatrader-apply.jsp
# # #
FXCM Facts
• Forex Capital Markets LLC is one of the Largest Forex Dealer Members
• More than 100,000 live accounts are traded on FXCM trading platforms
• As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
• As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
• FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
*As of January 15, 2008, the following forex brokers offering MetaTrader 4 are not regulated in the U.S. under the CFTC and NFA: FXDD, FXOpen, Crown Forex, MIG Investments, Lite Forex, FXcast, and North Finance.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 30-Apr-2008
FXCM Joins With CNBC
To Feature Currency Trading in the
CNBC.com Million Dollar Portfolio Challenge
New York , April 29, 2008
FXCM (www.fxcm.com), the online currency trading broker, has joined with CNBC as the Official Currency Trading Sponsor of the CNBC.com Million Dollar Portfolio Challenge. The Challenge, a virtual trading competition that was previously limited to stock trading only, will now feature both stock trading and currency trading. Competitors will be allocated $100,000 in “CNBC Bucks” to trade currency on a platform powered by FXCM.
By sponsoring the contest, FXCM will be introducing currency trading to a potential universe of new currency traders.
Drew Niv, CEO of FXCM, announced: “We are pleased to sponsor CNBC’s Million Dollar Portfolio Challenge. We believe FXCM offers superior trading technology and execution, and we are glad to have an opportunity to introduce the CNBC audience to currency trading. The contest gives us an opportunity to show why stock traders should also be trading currency, particularly in a bear-market environment.”
Registration for the CNBC.com Million Dollar Portfolio Challenge begins April 28 and trading begins May 12. Competitors are given $1 million in virtual CNBC Bucks, $900,000 for trading common stocks and $100,000 at ten-to-one margin for currency trading.* For 10 weeks, traders compete to win exciting weekly prizes for the highest percentage of weekly portfolio growth. At the end of the 10-week period, the top 6 players with the highest overall holdings in his or her portfolio will receive an aggregate of $1,000,000 in cash prizes, paid as annuities.
For a complete set of contest rules, and to register for CNBC.com’s Million Dollar Portfolio Challenge, please visit https://milliondollar.cnbc.com
*Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
# # #
FXCM Facts
• Forex Capital Markets LLC is one of the Largest Forex Dealer Members
• More than 100,000 live accounts are traded on FXCM trading platforms
• As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
• As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
• FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
NEWS FROM FXCM FOR 15-Apr-2008
FXCM Launches Its
Enhanced Dollar Index Programs
New York, April 15, 2008
FXCM (www.fxcm.com), one of the largest Forex Dealer Members, recently introduced the Enhanced Dollar Index Programs. These programs, which use the DXY Index as a benchmark, let investors take a position based on the direction of the dollar without having to trade the dollar themselves, seeking to outperform the DXY Index.
The difference:
FXCM Enhanced Dollar Index Programs
• Actively adjusted weightings of currencies and leverage to take advantage of market conditions*
• Ability to switch between the Dollar Bull and Dollar Bear programs with no additional fees or commissions
Most ETFs and Currency Index Products
• Passive Investment
• Fixed weightings of currencies and either unleveraged or set leverage.
The FXCM Enhanced Dollar Index Programs were developed by the systems trading desk at FXCM with direction from DailyFX.com analysts. Using proprietary FXCM order flow data, these actively managed programs are exclusively available through FXCM. The FXCM Enhanced Dollar Index Programs use sophisticated, back-tested strategies designed to minimize loss and aim to provide a higher return on investment than just investing in the Index directly.**
The FXCM Enhanced Dollar Index programs are different from other currency ETFs or currency futures indexes, which traditionally do not optimize their positions based on market conditions. The FXCM Dollar-Bull Index Account Program beat the DXY Index 3 out of 5 years, and the FXCM Dollar-Bear Index Account Program beat the DXY Index 4 out of 5 years.***
You choose:
• If you forecast the dollar will rise, you would invest in
The Dollar Bullish Program: http://www.fxcm.com/enhanced-dollar-bull-index.jsp
• If you forecast the dollar will fall you would invest in
The Dollar Bearish Program: http://www.fxcm.com/enhanced-dollar-bear-index.jsp
For more information on FXCM Enhanced Dollar Index Programs, and to see past performance, please visit www.FXCM.com
* Without proper risk management, a high degree of leverage can lead to large losses as well as gains.
** The Bull and Bear programs of the FXCM Enhanced Index Programs will perform contrary to each other as they seek to profit from opposing views of the dollar. Through the use of active strategies, the FXCM Enhanced Index Programs aim to bias returns to the upside, i.e., to provide larger gains if the currency in one program moves in its selected direction, while minimizing losses in the counter-program.
*** This claim is based on a comparison between the actual currency index and a retrospective, back-tested analysis of the FXCM Enhanced Index Programs during the relevant time period. Hypothetical performance results may have many inherent limitations, some of which are described in the risk warning. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points that can adversely affect actual real trading results.
# # #
FXCM Facts
Forex Capital Markets LLC is one of the Largest Forex Dealer Members
More than 100,000 live accounts are traded on FXCM trading platforms
As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
# # #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com |
