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NEWS FROM FXCM FOR 28-July-2010
FXCM Recognized Again for Best Retail Platform by FX Week
New York, July 28, 2010—FXCM Holdings LLC (FXCM) (http://www.fxcm.com) has been awarded Best Retail Platform by FX Week at the 2010 e-FX awards for the second year in a row.
The award, announced on July 13, 2010, at the FX Week U.S. conference, recognizes industry excellence in electronic foreign exchange trading from banks and vendors.
FXCM prevailed over other industry leading firms, including Oanda and Saxo Bank.
Drew Niv, CEO of FXCM, stated, “This award once again confirms FXCM's leadership in the forex market. The No Dealing Desk (agency execution) business model embraced by FXCM in 2006 is clearly the direction forward for the retail industry. Clients want transparent and fair execution and FXCM offers it.”
FXCM developed its proprietary trading platforms: FX Trading Station II (PC-based) and FXCM Active Trader (Web-based) to meet the rigorous conditions of today's volatile markets. The current platforms were developed by an in-house team of over fifty programmers. Strategy Trader, a third platform to be released soon, will be a direct competitor to the industry loved MetaTrader 4, but has been built specifically for FXCM's No Dealing Desk business model.
FXCM offers a variety of platforms based on specific trader needs. Along with the platforms listed above, FXCM offers a mobile platform for iPhone, BlackBerry®, Android, and Windows operating systems. The Forex System Selector and MetaTrader 4 platforms† offers clients the ability to set strategies and walk away. All of FXCM’s platforms are extremely scalable and robust. There are over 200,000 live accounts trading on multiple platforms offered by FXCM, with an average of over seven million trades per month.
FXCM currently has successful white-label relationships all over the world working with banks, brokerages, and large financial institutions. White label partners are able to deploy individually customized platforms based on FXCM's awarding forex trading platform.
FXCM Holdings LLC Facts
FXCM is a leading global forex and CFD broker* that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to some of the world's largest liquidity providers which enables FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product* offers no re-quote trading and allows traders to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
†MetaTrader 4 and FSS accounts are available through FXCM LTD.
*Please be advised that CFD accounts are not available to residents of the U.S. or its territories. Additionally, FXCM LTD offers spread betting exclusively to UK residents. Residents of other countries are NOT eligible.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
Gregory Kelly
Public Relations Associate
Forex Capital Markets
32 Old Slip, 10th Floor
New York, NY 10005
E-mail: gkelly@fxcm.com
Phone: (646) 432 - 2122
NEWS FROM FXCM FOR 20-July-2010
June FXCM King of the Micro Winner Garners Nearly 835% Profit*
For Immediate Release
New York, July 20, 2010—FXCM (www.fxcm.com) King of the Micro Contest competitors struggled to profit from a forex market in transition during the month of June. Following six months of steady appreciation for the U.S. dollar, the benchmark currency would finally work towards a meaningful correction as fears surrounding the European debt crisis and the possible collapse of the euro subsided. The markets, however, remained as volatile as ever throughout the month, and disciplined traders reaped huge profits as currency pairs adapted to changing economic and political currents.
(Disclaimer: Although the information expressed below was obtained from actual FXCM account records, gains of the magnitude described are not typical and, therefore, are not representative of the majority of forex traders as past performance is not indicative of future results.)
Melquiades Matacot of Canada, raking in nearly 835% in profits, captured the crown and its accompanying $25,000 purse in June. Trading primarily GBP/USD and GBP/JPY, Matacot deployed a variety of fundamental and technical strategies to beat out the competition. A relative newcomer to the forex markets, Matacot started trading currencies less than two years ago. But already, his new passion has had a profound impact on his life. “[Forex trading] has changed my life for the better,” says Matacot. “It has given me a new beginning and has made me a new person.” For other traders that are also new to the market, Matacot advises them to develop patience, discipline, and emotional detachment; without those traits, successful trading is next to impossible. View Matacot’s trading report and survey.
Finishing in second place was Yu Quan Du of China with a 579% profit. Du, who generally prefers to hold trades open between two and ten days, speculated entirely on USD pairs, garnering his biggest gain on a 1,170 pip GBP/USD trade. Money management skills and an overall placid disposition have proven Du’s greatest assets as a trader. “Success or failure lies in one’s mindset,” says Du. “One needs to take profits timely and exit a trade decisively when loss is incurred.” View Du’s trading report and survey.
Rounding out the top three, with a 368% profit, was Ian Thomas of the United States. Unlike Matacot and Du, who both incorporated long-term trades into their strategies, Thomas preferred scalping, a tactic whereby traders attempt to profit from multiple small price changes rather than a few large price changes. This particular trading method is highly reflective of Thomas’s overall trading philosophy: “Every scenario developed can and often does fail.” However, even with such a sober outlook of the markets, Thomas enjoys trading tremendously, and finds that it allows him to earn a modest wage while engaging with fascinating problems and challenges. View Thomas’s trading report and survey.
What is the FXCM King of the Micro Contest?
King of the Micro is a currency trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second place, and $5,000 goes to third place. Since its inception, FXCM has awarded over $500,000 in cash prizes.
In the past, winners have come from the United States, China, Malaysia, Canada, and the United Kingdom, among others. It’s free to enter and no registration is needed. All you need to do is be an FXCM client with $500 in your Micro account at the beginning of each month, and you’re automatically entered. You also must make ten trades during the month to remain eligible.
For more information on the King of the Micro Contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.
FXCM Micro is a division of FXCM that provides new traders with access to the currency markets for as little as $25. With a small (1K) lot size, FXCM Micro provides a great way to get started in the forex market. FXCM Micro is offered for individual, self-traded accounts.
FXCM Holdings LLC Facts
Forex Capital Markets (FXCM) is a leading global forex and CFD broker† that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk** forex trading. Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s CFD product offers no re-quote trading and allows traders to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
*Past performance is not necessarily indicative of future results.
†Please be advised that CFD accounts are not available to residents of the U.S or its territories.
**Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM standard accounts. For additional information, click here.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all.
Press Contact:
Gregory Kelly
Public Relations Associate
Forex Capital Markets
32 Old Slip, 10th Floor
New York, NY 10005
E-mail: gkelly@fxcm.com
Phone: (646) 432 - 2122
NEWS FROM FXCM FOR 08-July-2010
FXCM Australia Launches CFDs in Forex, Stock Indices and Commodities
Trade with No Re-quotes, No Debit Balance and No Commissions*
Sydney, 7 July 2010—FXCM Australia Ltd., (www.fxcm.com.au ), a leader in the retail forex business, has launched new CFD instruments that combine forex, global stock indices, oil and gold trading into a single easy to use platform.
Key features of online CFD trading with FXCM include:
No Re-Quote Trade ExecutionSome brokers re-quote their clients when trading CFDs. FXCM will not interfere in your trading by re-quoting your trades.
Access to Global Markets
Trade gold, oil, the ASX 200, global stock indices and forex all from one platform.
No Debit Balance
Unlike margin trading through other providers, FXCM guarantees that you will never have to pay a deficit balance as a result of trading!
No Commissions,* Tight Spreads
Use less of your money to trade more. With FXCM, you will be able to trade commission-free with competitive spreads.
Dan Perry, managing director at FXCM Australia says:
“FXCM opened its Australia office in early 2009 to act as headquarters for the company's expansion into the South Pacific region. As it has expanded its local reach and global footprint into the Pacific, the company has hired staff locally to provide clients with quick deposit, withdrawal and support services.
FXCM Australia Ltd. currently provides a full package of currency trading products, services and education, and is pleased to include CFDs. Everything we do at FXCM is driven by client demand. Our clients have long asked to apply the no re-quote business logic we adopted for our award-winning forex service to the index, oil and metals CFD marketplace.”
By trading with FXCM, retail clients benefit from FXCM's cutting-edge technology. Also, in forex exchange instruments, clients benefit from FXCM’s close banking relationships with over ten of the largest and most aggressive forex price providers who supply clients with large pools of liquidity at highly competitive spreads, even during market-moving news events. Furthermore, FXCM believes that the new index, commodity and precious metal CFD instruments will complement their existing forex business and appeal to more retail clients in Australia and New Zealand, enabling them to trade a range of products from a single trading account.
To open a free practice account and begin trading CFDs with FXCM Australia, please go to: http://www.forextrading.com.au/free-forex-accounts.jsp.
**Please Note: FXCM Australia Ltd. has released the following documents. It is important that you familiarise yourself with all the following documents before trading CFDs. **
A new CFD Product Disclosure Statement: View Here
Modified version of the FX Product Disclosure Statement: View Here
Modified version of the Financial Services Guide: View Here
Modified version of the Terms of Business: View Here
Should you have additional questions, please refer to: CFD Frequently Asked Questions.
About FXCM Holdings LLC
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
FXCM's CFD product† offers no re-quote trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading and provides free news and research through DailyFX.com.
*FXCM is compensated through the bid/ask spread except where otherwise noted.
†Please note that CFD accounts are not available to residents of the U.S. and its territories.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all investors.
Risk Warning: Trading foreign exchange and/or CFDs on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange and/or CFDs offered by FXCM Australia Ltd. you should carefully consider your objectives, financial situation, needs and level of experience. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Web site must not be construed as personal advice. By trading, you could sustain a total loss of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading in foreign exchange products and you should read and consider the Financial Services Guide, Product Disclosure Statement, and Terms of Business issued by FXCM Australia Ltd. before making any decision about whether to trade the foreign exchange or CFD products offered by FXCM Australia Ltd. Foreign exchange and CFD products are only suitable for those customers who fully understand the market risk. For any questions or to obtain a copy of any documents, contact FXCM Australia Ltd. at support@fxcm.com.au. FXCM recommends you seek advice from a separate financial advisor.
NEWS FROM FXCM FOR 06-July-2010
ODL Markets offers No Dealing Desk Execution on forex trades
FOR IMMEDIATE RELEASE
06 July 2010—Clients of ODL Markets are now benefitting from No Dealing Desk execution on their forex trades, eliminating dealer intervention to provide you with transparent and fair execution.
No Dealing Desk execution provides greater transparency and fairer execution by removing the conflict of interest between brokers and traders as well as reducing the potential for market interference by price providers.
ODL Markets is taking a lead in the UK by offering FXCM’s No Dealing Desk execution on forex and spread bet transactions and no re-quotes on CFD trades. As a result, ODL Markets is able to stream competitive spreads that are provided by some of the world’s largest banks and financial institutions and streamed to traders with a small mark up. Spreads can be as low as 1 pip or less for major currency pairs.
The change affects almost 14,500 individual trading accounts and comes a month after FXCM agreed to terms to acquire the ODL Group. ODL clients are now benefitting from FXCM’s established relationships and can have the confidence of trading with one of the world’s largest and strongest retail forex, CFD and spread betting companies.
Drew Niv, CEO of FXCM, the global forex and CFD powerhouse, said: ““FXCM spearheaded the introduction of No Dealing Desk execution to the market in 2006 and ODL Markets clients can now benefit from No Dealing Desk execution on forex trades. Under No Dealing Desk execution, every forex trade is executed back to back with one of the world's premier banks or financial institutions. Banks compete with each other to offer FXCM the best bid and ask prices, which we pass onto our clients, resulting in low spreads and faster execution as there is no intervention from a dealing desk. Another major benefit is the ability to place orders within 1 pip of the market with no restrictions.
“Having multiple price providers is especially important in volatile markets when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to FXCM there are competitive spreads, even during market-moving news events.”
To open a No Dealing Desk account through ODL Markets go to: http://www.odlmarkets.com/accounts/.
Risk Warning: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors. Read FXCM’s full disclosure: http://www.fxcm.co.uk/docs_pdfs/risk-disclosure.pdf
About ODL Group:
ODL Group is a leading, independent forex, derivatives, equity and commodity trading house. Headquartered in London, ODL Securities offers retail, IB and white label clients an integrated approach to trading diverse financial products. The ODL Group now trades under the names ODL Markets powered by FXCM.
ODL Group Limited (ODL) announced on 5 May 2010 that it has agreed on terms to be acquired by FXCM Holdings LLC (FXCM), a leading global forex broker that caters to both retail and institutional markets. ODL’s strong UK and European businesses will provide an excellent complement to FXCM’s sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest non-bank forex brokers globally servicing over 200,000 live trading accounts with combined client assets in excess of US$800 million. The deal is still pending final due diligence review and regulatory approval.
ODL Securities Limited is authorised and regulated by the Financial Services Authority and is a member firm of the London Stock Exchange and NYSE Euronext, LIFFE. For further information please visit www.odlmarkets.com.
NEWS FROM FXCM FOR 23-June-2010
May FXCM King of the Micro Winner Boasts 3110% Profit*
New York, New York – June 23, 2010
May proved an especially exciting month for FXCM King of the Micro competitors, and can be summed up with one word—volatility. As the Greek sovereign debt crisis prolonged the euro’s precipitous decline (EUR/USD shed 1042 pips for the month) and sent shockwaves throughout the global economy, the safe haven U.S. dollar saw huge gains while the Japanese yen benefitted tremendously from the unwind of carry trades. Lucrative trade opportunities abounded and smart traders took big advantage.
(***Disclaimer: Although the information expressed below was obtained from actual FXCM account records, gains of the magnitude described are not typical and, therefore, are not representative of the majority of forex traders as past performance is not indicative of future results. ***)
Artus Modras of Poland, our winner, achieved an extraordinarily impressive 3110%* return for the month. Utilizing fundamental analysis and a host of technical indicators, Modras kept trades open for up to several weeks to rack up substantial pip increases on the GBP/JPY, GBP/USD, and EUR/USD trades. Along with a few admittedly lucky breaks, Modras attributes much of his success to the sixteen years of trading experience he has acquired, beginning at the Warsaw Stock Exchange. “Experience is the key to success,” says Modras. “Traders have to spend many years in the market to develop the reflexes required to enter and exit trades at the right moments.” View Modras’s trading report and survey.
In second place, Chin Lin Chong of Malaysia scalp traded his way to a 1132%* profit on EUR/USD and EUR/JPY. Chong is a relative newcomer to the forex market with a year of experience under his belt. Although trading has not changed his life too much yet, Chong believes he possesses the confidence, discipline, and patience needed to overcome greed and thrive as a currency trader. View Chin’s trading report and survey.
Finishing in third place was Hongyan Jin of China with a 787%* return. Keeping trades open anywhere between three days and over a week, Jin made his largest profits trading USD/JPY and EUR/USD. Jin encourages fellow traders to continually reexamine their trading habits in order to sharpen their instincts and identify the strategies that work best. View Hongyan’s trading report and survey.
What is the FXCM King of the Micro Contest?
King of the Micro is a currency trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second place, and $5,000 goes to third place. Since its inception, FXCM has awarded over $500,000 in cash prizes.
In the past, winners have come from the United States, China, Malaysia, Canada, and the United Kingdom, among others. It’s free to enter and no registration is needed, making it easier than ever. All you need to do is be an FXCM client with $500 in your Micro account at the beginning of each month, and you’re automatically entered. You also must make ten trades during the month to remain eligible.
For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.
FXCM Micro is a division of FXCM that provides new traders with access to the currency markets for as little as $25. With a small (1K) lot size, FXCM Micro provides a great way to get started in the forex market. FXCM Micro is offered for individual, self-traded accounts.
FXCM Holdings LLC Facts
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk† forex trading. Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s CFD product** offers no re-quote trading and allows traders to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
* Past performance is not necessarily indicative of future results.
† Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM standard accounts. For additional information, click here.
** Please be advised that CFD accounts are not available residents of the U.S or its territories.
Risk Warning: 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.
Press Contact:
Gregory Kelly
E-mail: gkelly@fxcm.com
Phone: (646) 432-2122
Gregory Kelly
Public Relations Associate
Forex Capital Markets
32 Old Slip, 10th Floor
New York, NY 10005
E-mail: gkelly@fxcm.com
Phone: (646) 432 - 2122
NEWS FROM FXCM FOR 25-May-2010
New DailyFX Trading Course Raises the Bar for Online Forex Education
New York, May 25, 2010—DailyFX (www.dailyfx.com), FXCM’s free news and research Web site, is proud to announce the launch of its new, video-based DailyFX Trading Course, free to all live FXCM clients.
For years, FXCM has offered a variety of trading courses. These courses have been extremely popular, with thousands of students completing them. But despite their tremendous popularity, these courses underwent some revamping recently in order to continue setting the standard for online forex education.
“We have always been pleased with the positive reviews from traders who enrolled in the old Power Course,” says DailyFX Education Team Lead Jeremy Wagner. “But we realized we were reaching a relatively small portion of the forex community and limiting the amount of information that our students were learning. To make the course more effective and accessible, and to reach out to a larger group of traders, we decided to upgrade the course from a forum-based offering to a video-based offering. And so far, we’re really glad we did.”
Continuing the DailyFX commitment to provide traders with the very best educational tools and resources on the Web, the DailyFX Trading Course is designed to introduce popular trading tools and techniques in a manner that both new and experienced traders can benefit from. The bulk of the course consists of 60 video lessons, spanning 15 trading subjects, and over ten hours of live instructor led webinars each week. In addition to the videos and webinars, students can complete homework assignments and further their learning through course forum discussions. Moreover, the curriculum’s “go at your own pace” and “learn what you want” format provides students the flexibility and freedom to focus on the subjects they want for as long as they want.
However, unlike previous DailyFX course offerings, the new DailyFX Trading Course is not for sale. Instead it is free to all live FXCM clients.
“Rather than focusing our energies on selling the course to the general public, we’re concentrating all of our resources on our clients,” says Marc Prosser, CMO of FXCM. “We want our instructors to be able to dedicate all of their time to helping FXCM clients improve their trading skills and continue cultivating their passion for online currency trading.”
Participating in the new DailyFX Trading Course is easy. If you already have a live FXCM account, simply log into DailyFX+ and start learning. If you don’t have a live FXCM account but are interested in taking the course and gaining 24-hour, seven day a week access, simply open an FXCM account today.
What’s in the Course?
Core Video Lessons: Each course subject has two core video lessons. The first lesson introduces the subject and primes students for the more advanced concepts covered in lesson two. The second lesson explores the subject in more detail, providing necessary information for mastery of the subject.
Instructor Take Lessons: Each subject features two Instructor Take Lessons, in which a DailyFX instructor explains how they specifically trade with the subject under discussion (e.g. MACD).
Daily Instructor Webinars: Every day, DailyFX course instructors will hold live webinars to complement the core video lessons. These webinars show traders, in real-time, how to apply what they learned in the video lessons to actual live trading situations. Following the trading portion of the webinar, the instructor will field questions and provide additional insight into the trading session.
Homework: An extremely popular component of the original Power Course, homework assignments allow students to reflect on the lessons covered and gauge how well they have absorbed course materials. Students will also receive feedback on their homework from course instructors.
Forums: After watching the video lessons or participating in the live webinars, there is a good chance that students will still have questions. For these instances, students can visit the DailyFX forums to pose questions directly to course instructors as well as continue to engage in subjects covered in the week’s lessons.
To learn more about the DailyFX Trading Course and to sign up for any live FXCM trading account, click here.
And to get a sneak peek at the new trading course, contact me at the email address below for a trial login.
# # #
FXCM Holdings LLC Facts
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk* forex trading. Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s CFD product† offers no re-quote trading and allows traders to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
* Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM standard accounts. For additional information, click here.
† Please note that CFD accounts are not available to residents of the U.S. and its territories.
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not necessarily indicative of future results.
Press Contact:
Gregory Kelly
Public Relations Associate
Forex Capital Markets
32 Old Slip, 10th Floor
New York, NY 10005
E-mail: gkelly@fxcm.com
Phone: (646) 432 - 2122
NEWS FROM FXCM FOR 05-May-2010
ODL Group Limited To be Acquired by FXCM Holdings, LLC
ODL Group Limited (“ODL”), a leading, independent forex, derivatives, equities and commodities broker, announces today that it has agreed on terms to be acquired by US-based FXCM Holdings LLC (“FXCM”), a leading global forex broker that caters to both retail and institutional markets. ODL’s strong UK and European businesses will provide an excellent complement to FXCM’s sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest non-bank forex brokers globally servicing over 200,000 live trading accounts with combined client assets in excess of US$800 million. The deal is still pending final due diligence review and regulatory approval.
Founded in 1999, FXCM is one of the largest forex brokers, regulated by several financial regulators including the Financial Services Authority in the UK and the Commodity Futures Trading Commission in the U.S. FXCM is one of very few forex and CFD brokers to regularly publish its balance sheet. With over $135 million in firm capital (assets minus liabilities), FXCM exceeds regulatory requirements.
Post acquisition, ODL will continue to trade under its current name. A major benefit to ODL clients will be that they gain access to FXCM’s No Dealing Desk execution on forex trades. Under No Dealing Desk execution, forex trades are fully-automated and executed back-to-back with one of the world's premier banks or financial institutions. Over ten banks compete to provide FXCM with bid and ask prices, resulting in low spreads and fast execution, with no intervention from a dealing desk on forex trades. Another major benefit of No Dealing Desk execution is the ability to place orders within one pip of the market with no restrictions.
Commenting on the acquisition, Drew Niv, CEO of FXCM, said: “For several years, FXCM has been working towards becoming a major player in Europe. The deal with ODL will provide us with a great opportunity to achieve this. We believe FXCM will be the only retail forex firm with a truly global footprint. In an industry in which size and scale are important, this is a major advantage.”
No financial information regarding the structure of the deal is being released.
London based specialist advisory firm FT Advisors Limited acted as exclusive advisor to ODL.
San Francisco based FT Partners www.ftpartners.com served as sole strategic advisor to FXCM.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all investors
-Ends -
For further information please contact:
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ODL Group Limited |
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Graham Wellesley, Vice Chairman |
Tel: +44 (0) 20 7903 6100 |
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FXCM Holdings LLC |
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Jaclyn Sales, Public Relations Manager |
Tel: +1 646 432 2463 |
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Media Enquiries:
Notes to Editors
ODL Securities is a leading, independent forex, derivatives, equity and commodity trading house. Headquartered in London, with affiliates in Australia and Turkey, ODL has over 200 staff globally and clients from over 100 countries. ODL Securities offers Retail, IB and White Label clients an integrated approach to trading diverse financial products. The Group companies now trade under the names ODL Markets in the UK (for retail business).
Originally founded in 1994 as an Options House with just 28 staff, ODL Securities Limited received a capital injection from new shareholders in 2004 and a new senior management team was appointed. Since then, a wide range of enhancements have been implemented across all areas of the business, and new products introduced.
ODL Securities Limited is authorised and regulated by the Financial Services Authority and is a member firm of the London Stock Exchange and NYSE Euronext, LIFFE. For further information please visit www.odlmarkets.com
About FXCM Holdings LLC:
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities. For further information please visit www.fxcm.co.uk
Regulated by:
Financial Services Authority (United Kingdom)
Commodity Futures Trading Commission (United States);
A member of the National Futures Association (United States)
Securities and Futures Commission (Hong Kong)
Commissione Nazionale per le Società e la Borsa (Italy)
Australian Securities and Investments Commission (Australia)
Bundesanstalt für die Finanzdienstleistungsaufsicht (Germany)
Comité des Établissements de Crédit et des Entreprises d'Investissement (France)
Licensed by Dubai Multi Commodities Centre (Dubai)
A Broker Member on the Dubai Gold & Commodities Exchange (Dubai)
FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD and FXCM DMCC.
- Ends -
NEWS FROM FXCM FOR 29-April-2010
FXCM King of The Micro Winner - 970% profit*
New York –April 28, 2010
To be King, you must have a strategy. That’s what put last month’s King of the Micro winner, Cao Yanhui on top. Yanhui, who lives in China, won $25,000 in the popular trading contest with an impressive profit of 970.43% by focusing primarily on the EURUSD currency pair. By targeting one pair, Yanhui was able to concentrate his efforts and ultimately win the competition. He largely did so by increasing his positions within a few days of the EUR fall, raking in considerable profits. Having traded forex for over three years, Yanhui’s trading preparation usually involves reviewing candlestick charts and analyzing forex commentary prior to placing trades. Although he takes trading seriously, Yanhui says he doesn’t take a loss to heart and believes his untroubled attitude is what has made him so successful. He would advise other traders to think the same way saying, “Don’t take results too seriously and enjoy the process.” View Yanhui's trading report and survey.
Coming in behind Yanhui was Luo Yupeng, who lives in the U.S., winning 841.76% with focus on the GBPUSD and EURGBP pairs. He has found success in forex by constantly reflecting on his greatest weaknesses and working to correct them. He considers perseverance, excellent reasoning skills, and an objective mindset to be the most important traits of a successful trader. Adegeye Oluwaseun, also from the U.S., followed Yupeng to take third place with 526.59% and trading as many as five currency pairs. He encourages others to, “stay focused on the end result you desire… and with time it can be attained.” View Yupeng and Oluwaseun's trading report and survey.
King of the Micro is a currency trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second, and $5,000 goes to third place.
For the past four years, King of the Micro has given traders around the world the chance to be King. In the past, winners have come from the U.S., China, Malaysia, Canada, and the U.K, among others. It’s free to enter and no registration is needed, making it easier than ever to hit it big. All you need to do is be an FXCM client with $500 in your Micro account at the beginning of each month, and you’re automatically entered. You also must make ten trades during the month to remain eligible.
For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.
FXCM Micro is a division of FXCM that provides new traders with access to the currency markets for as little as $25. With a small (1K) lot size, FXCM Micro provides a great way to get started in the forex market. FXCM Micro is offered for individual, self-traded accounts. All participants of the King of the Micro contest can receive the FXCM Power Course free to improve their chances to be the King.
FXCM Holdings, LLC Facts
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
*Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not necessarily indicative of future results.
Read more: DailyFX - King of the Micro Winner - 970% profit* http://www.dailyfx.com/forex/fxcm_news/2010-04-28-1851-King_of_the_Micro_Winner.html#ixzz0mQQfAc4v
NEWS FROM FXCM FOR 29-April-2010
FXCM Holdings LLC Balance Sheet
New York, April 29, 2010—FXCM Holdings LLC has released its latest balance sheet. The numbers reflect FXCM’s financial strength and status as of February 28, 2010. Highlights include:
$137,870,045 Million in Capital (Assets Minus Liabilities)
$152,167,482 In Operating Cash (Excludes Client Funds)
FXCM believes that financial transparency in the retail forex industry is more important than ever and will continue to publicly post its balance sheet on its Web site quarterly here: http://www.fxcm.co.uk/fxcm-balance-sheet.jsp.
Balance Sheet (Unaudited)
FOR THE MONTH ENDED FEBRUARY 28, 2010
(Amounts in USD)
|
CUSTOMER CASH |
$365,319,721 |
|
OPERATING CASH |
$152,167,482 |
|
OTHER ASSETS |
$11,204,504 |
|
FIXED ASSETS |
$10,095,086 |
|
TOTAL ASSETS |
$538,786,793 |
|
CUSTOMER DEPOSITS |
$365,319,721 |
|
OTHER LIABILITIES |
$35,597,027 |
|
TOTAL LIABILITIES |
$400,916,748 |
|
FXCM CAPITAL |
$137,870,045 |
|
TOTAL LIABILITIES AND FXCM CAPITAL |
$538,786,793 |
Drew Niv, CEO of FXCM, commented: “FXCM is proud of our continued financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices.”
FXCM Holdings LLC consists of FXCM Australia Ltd., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets Ltd., FXCM Asia Ltd., and FXCM DMCC.
# # #
About FXCM Holdings LLC
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk* forex trading, Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product† offers no re-quote trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
*Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.
† CFDs are not available to residents of the United States of America and its territories.
Risk Disclaimer: Trading FX and CFDs on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
NEWS FROM FXCM FOR 01-April-2010
Sean Hyman to speak at Currency Trading Expo in Las Vegas, Hosted by FXCM
Join FXCM at the Rio in Las Vegas, May 3–4, 2010, for a two-day Currency Trading Extravaganza
Wildly popular fundamental and technical strategist Sean Hyman will speak at FXCM’s Currency Trading Expo, which will be held in Las Vegas on May 3 and 4, 2010. Sean has worked in equities and forex as a trader, analyst, and educator for over 17 years, and is currently the moderator of the DailyFX forums. He is considered to be a leading expert in his field as well as a compelling presenter whose services are a regular addition to trading conferences each year. Attendees will have the opportunity to hear him speak about three special topics:
- Introduction to FXCM and the Forex Markets: Sean will discuss pips, lots, and the advantages of the forex market over the stock market.
- Using Commodities (Oil and Gold) to Trade Currencies: Learn how gasoline/oil, gold, and the Dow Jones Industrial Average correlate to the currency markets.
- Forex Cross Currencies and Emerging Markets Currencies: Learn the advantages of trading crosses over “the majors” and how to leverage the most exciting emerging market currencies.
You can register and view the complete workshop schedule and speakers list at: http://clk.atdmt.com/FXM/go/207215842/direct/01/
About FXCM Holdings LLC
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk* forex trading, Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product† offers no requite trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
*Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.
†MetaTrader 4 and CFD accounts are available through Forex Capital Markets Ltd.
Risk Disclaimer: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
NEWS FROM FXCM FOR 31-March-2010
A Leading Online Global Broker Presents Forex, Oil, Gold and Indices on One Platform
Direct Market Access to Some of the World's Largest Forex Liquidity Providers with Enhanced Order Execution from FXCM
London, 31 March 2010FXCM LTD has launched new trading instruments. Now, in addition to forex, traders can trade oil, gold and global stock indices on one platform.
FXCM LTD began offering CFD trading in September 2009. Due to its increasing popularity, FXCM has decided to make CFD trading more widely available and has included all instruments on one platform. Watch Video
Why Trade CFDs with FXCM?
No Re-Quote Trade ExecutionFXCM will not interfere in client trading by re-quoting trades.
No Debit Balance
Unlike trading with other providers, margin trading with FXCM will guarantee that traders will never have to pay a deficit balance as a result of trading.
No Commissions,* Tight Spreads
Use less money to trade more. With FXCM, traders are able to trade commission-free with competitive spreads.
With the FXCM Trading Station’s one-click order execution, traders will never again be more than a few seconds away from putting their opinions to the test!
CFD Product Details (Stock Indices, Oil, Gold)
CFD Frequently Asked Questions
For any questions, please call FXCM currency specialists, who are available 24 hours a day, at +0808 234 8789, or by e-mail at info@fxcm.co.uk.
About FXCM:
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk† forex trading. FXCM Clients have Direct Market Access to some of the world's largest forex liquidity providers; enabling FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product offers no requote trading and allows traders to trade oil, gold, silver and stock indices, along with forex, on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader. For additional information, click here.
† Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.
Risk Disclaimer: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
Media Contact:
Jaclyn Sales, jsales@fxcm.com, 1-646-432-2463
NEWS FROM FXCM FOR 24-March-2010
Forex Leader FXCM Opens Office in Germany
For enhanced Order Execution - Trade Forex with FXCM’s No Dealing Desk Execution
FXCM Holdings LLC today announces the opening of its latest office, FXCM Germany (www.fxcm.de.com), based in Berlin. FXCM Germany will serve the German, Austrian and Swiss markets, thereby offering local service and support.
FXCM, globally recognized as one of the best forex brokers, now brings forex and CFD trading to one award winning platform (named Best Retail FX Platform by FX Week’s 2009 e-FX Awards), offering traders the benefits of no re-quote execution. Ornit Niv, president of international affairs said, “I am very pleased to announce the opening of our German office because forex traders in this region have enjoyed FXCM’s No Dealing Desk and no re-quotes for quite a while. We are adamant that we will serve the trading community here with excellent customer service, research and charting technology that offers exemplary order execution.”
The German market is the sixth new FXCM office opened since January 2009, following new offices in Paris, Sydney, Dubai, Milan, and Santiago. FXCM’s growth strategy aims to focus on delivering the best trading technology, resources and customer service.
Trade with confidence—FXCM Germany;
• Local customer service and support with client funds held locally
• No-Dealing-Desk* for forex products
• No re-quotes from dealers—for both CFDs and forex
• Spreads as low as 1 pip
• Award winning platform—can be tailored to meet your trading style—with integrated charts
• Trade directly from charts
• FXCM Germany, an affiliate of FXCM LTD, is regulated by the Bundesanstalt füer die Finanzdienstleistungsaufsicht (BaFin) and the Financial Services Authority (FSA).
Due to FXCM's access to prices from many of the world's largest banks, who compete to offer best prices, FXCM offers forex and CFD trading with no dealer intervention as well as tight spreads as low as 1 pip. Clients of FXCM Germany will be provided with the award winning FXCM Trading Station, a user-friendly and flexible software package that allows traders to access currencies, stock indices, gold, silver and oil, all from one platform. It will further provide educational online seminars along with daily live market news and analysis for the German, Austrian, and Swiss traders.
Come and visit us! Sign up at www.fxcm.de for a free in-person seminar with FXCM Germany in Berlin. Learn about the FX market, and gain an understanding of the major principals of technical analysis and money management. Make an appointment to see the new office and learn about the advantages of trading with one of the world’s largest retail forex and CFD provider.
FXCM LTD is regulated by the FSA, a respected regulator. FXCM Germany, an affiliate of FXCM LTD, is co-regulated by BaFin and the FSA.
# # #
*Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM standard accounts. For additional information, click here.
Risk Warning: Trading Currencies and CFD’s involves substantial risk of loss, read full disclosure.
More about FXCM
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
Jaclyn Sales, jsales@fxcm.com
NEWS FROM FXCM FOR 10-March-2010
FXCM Introduces Mobile Forex Trading
New York, March 10, 2010—FXCM, (www.fxcm.com) one of the world’s largest online forex brokers, has introduced a beta version of its mobile trading platform. Available for iPhone, BlackBerry, and Windows Mobile phones, FXCM’s mobile Trading Station II provides forex trading anytime and anywhere.*
FXCM Mobile TSII gives traders the ability to keep track of their account (balance, equity, and margin), place trades, manage positions, watch breaking market news, and view real-time 5 minute charts. Similar to FXCM’s award winning desktop trading platform, FXCM Mobile allows traders to quickly react to changing market conditions.
“Forex is about capturing opportunities in a 24-hour trading environment. Even today, in our increasingly connected digital world, people spend a significant amount of time away from their desktop. Now they can easily stay on top of the market while away from their computer,” said Michael Buzzeo, vice president of marketing at FXCM. “We are launching our mobile trading platform and a suite of supporting tools to enable traders to get vital information and be able to act on it regardless of location, 24 hours a day. FXCM Mobile users can set mobile alerts through DailyFX.com as well as view rates, explore a daily economic calendar and watch forex videos to help gauge where the market is heading.”
FXCM Standard and Micro account holders can begin mobile trading immediately using their existing username and password. To learn more about FXCM’s full mobile offerings, and to download FXCM’s Mobile trading application now, click here: http://clk.atdmt.com/FXM/go/208474137/direct/01/
As this is the beta version of the product, please be sure to review the execution risks. FXCM welcomes all client feedback as we continue to make improvements to the product.
To get FXCM and DailyFX on your mobile device now, click here: http://mobile.fxcm.com/ or http://mobile.dailyfx.com/.
About FXCM:
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk† forex trading, FXCM offers 24-hour online forex and CFD** trading with no re-quotes. Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
Risk Disclaimer: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
Media Contact:
Jaclyn Sales jsales@fxcm.com 1-646-432-2463
*Subject to available liquidity, the trading desk is open from 5:15 p.m. (ET) Sunday afternoon through 4 p.m. (ET) Friday afternoon.
† Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts. For additional information, click here.
** Please be advised that CFD Trading is not available for U.S. residents.
*** Micro accounts will be charged $0.10 per lot when trading through our mobile platform.
NEWS FROM FXCM FOR 02-March-2010 (1)
Global Forex and CFD Provider Opens New Office in Athens, Greece
Athens, 2, March 2010 - Forex Capital Markets Ltd. (www.fxcm.co.uk) today announces the opening of FXCM Hellas, its newest branch office in Athens, Greece (http://www.fxcm.gr). Intent on becoming the premier Forex and CFD provider to the growing Greek trading community, FXCM Hellas will allow traders to access the benefits of FXCM’s No Re-quote execution.
Athens marks the 6th new FXCM office opened since January 2009, following new offices in Paris, Sydney, Dubai, Milan, and Santiago.
Due to FXCM's access to highly competitive prices from some of the world's largest banks, FXCM offers Forex trading with no dealer intervention and tight spreads as low as 1 pip. FXCM’s commitment to excellent client service, fair execution, and tight bid/ask spreads are the guiding values it brings to the Greek market.
“Many traders in Europe are not yet aware they can trade FX without order restrictions, without re-quotes, and without interference in their trading strategies,” said Drew Niv, CEO of Forex Capital Markets, “the opening of our Athens branch marks another step towards our goal of reaching every corner of the European trading community with this simple message.”
Clients of FXCM Hellas will be provided with the award winning FXCM Trading Station (named Best Retail FX Platform by FX Week’s 2009 e-FX Awards), a user-friendly and flexible software package which allows traders to access currencies, stock indices, gold, silver and oil, all from one platform. FXCM Hellas will further provide client service, education, seminars, and daily market news and analysis tailored for Greek traders.
“As online trading becomes more popular in Greece, there is a clear demand for an FX provider with FXCM’s strong principals and dedication to excellent service” said Harry Coundouris, Managing Director of FXCM Hellas. “We are fully confident Greek traders will quickly appreciate the advantages of FXCM’s No Re-quote execution”.
Come Visit Us! Make an appointment to see the new office and learn about the advantages of trading with one of the world’s largest and most financially strong retail forex and CFD provider.
FXCM Hellas
98 Vouliagmenis Ave
Glyfada-Athens, 16674
Phone: +30 2109690406
Fax: +30 2109690395
E-mail: sales@fxcm.gr
Web site: www.fxcm.gr
Sign up at http://www.fxcm.gr/ free-seminar.asp for a free in-person seminar with FXCM Hellas in Athens. Learn about the FX market and its advantages, and gain an understanding of the major principals of technical analysis and money management.
FXCM Ltd is regulated by the FSA (Financial Services Authority) one of the world’s most respected regulators. FXCM Hellas also complies with the rules and code of conduct of the Hellenic Capital Markets Commission (HCMC).
FXCM Holdings LLC Facts
As of September 2009
• FXCM Holdings LLC has over $100 million in capital
• More than 150,000 live accounts are traded through platforms offered by FXCM
• An average of $365 billion in notional volume is traded each month on platforms offered by FXCM
• More than $600 million in customer funds trading on platforms offered by FXCM
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all investors.
Media Contact:
Jaclyn Sales jsales@fxcm.com
646-432-2463
NEWS FROM FXCM FOR 02-March-2010 (2)
Save the Date: Forex Trading Expo in Las Vegas, Hosted by FXCM Join FXCM at the Rio in Las Vegas, May 3–4, 2010, for a two-day Forex Trading Extravaganza
FXCM (www.fxcm.com) is hosting a forex trading expo in Las Vegas on May 3–4, 2010. This two-day conference includes dozens of educational courses for all levels of trader experience. Central to the expo experience is a course track designed specifically for MT4* traders, covering a variety of specialty topics. FXCM plans to accommodate several thousand traders coming together to learn, hone their skills, and share their experiences. Register now and view the complete workshop schedule at: http://clk.atdmt.com/FXM/go/207215842/direct/01/
Sneak Peak at Some FREE Workshops:
Ø No Dealing Desk vs. Dealing Desk Q&A with FXCM’s CEO, Drew Niv
Ø Trading Opportunities and Forecast for 2010
Ø Learn How to Develop a Trading Plan
Ø How to Trade Like a Hedge Fund Manager
Ø DailyFX Tips and Trading Strategies.
Ø Dozens of MetaTrader 4 Workshops
Register Now! http://clk.atdmt.com/FXM/go/207215843/direct/01/
About FXCM Holdings LLC
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk† forex trading, FXCM offers 24-hour online forex and CFD trading with no re-quotes. Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product* allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
*MetaTrader 4 and CFD accounts are available through Forex Capital Markets Ltd. (FXCM UK).
†Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.
Risk Disclaimer: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
Media Contact:
Jaclyn Sales jsales@fxcm.com 646-432-2463
NEWS FROM FXCM FOR 10-February-2010
Premier Czech Retail Broker, Patria Direct, Launches Patria Forex with FXCM Technology
For Immediate Release:
Media Contacts: Jaclyn Sales, jsales@fxcm.com and Martin Kodýdek, kodydek@patria.cz
London and Prague, 9 February 2010—FXCM Holdings LLC, a leader in the retail forex business, today announces that Patria Direct, a leading retail securities dealer headquartered in the Czech Republic, will provide forex and CFD trading through a platform built, customised, and serviced by FXCM’s in-house developers. The collaboration combines FXCM’s established technology with Patria’s expertise in capital markets and professional, customer-focused service.
Patria Direct required a solid platform with fast execution, and chose FXCM’s No Dealing Desk technology to provide clients the opportunity to trade forex with transparent pricing, fair execution and tight bid/ask spreads. Patria aims to become the leading forex and CFD provider in the Czech and Slovak Republics.
Using FXCM’s award winning platform (named Best Retail FX Platform by FX Week’s 2009 e-FX Awards), clients of Patria Forex will have access to a wide range of forex pairs, including USD/CZK and EUR/CZK, as well as popular CFDs on equity indices and commodities.
Individuals interested in learning more about Patria Forex are welcome to visit www.patria-forex.cz, and to contact the Patria Forex team at info@patria-forex.cz, or at +420 221 424 221.
The launch of Patria Forex is a perfect fit with Patria’s aim to increase its product range, and with FXCM’s focus on expanding its geographic presence. FXCM expects to have branches or white label partners in most major European markets by the middle of 2010.
Patria Direct is fully licensed by the Czech National Bank for trading domestic and international securities. As a result of this cooperation, Czech and Slovak forex traders can trade with the same FXCM technology they may have used before, but with a local market leader under local regulation.
“Patria Forex is an excellent means of broadening our offerings, particularly to active traders,” said Oldřich Pavlovský, Managing Director of Patria Direct. “Cooperation with FXCM ensures top quality trading conditions for our clients, so overall it is a superb match with both our firm-wide standards and long-term strategy.”
“Patria’s selection is further evidence of the growing appeal of FXCM’s business model and technology,” said Drew Niv, CEO of FXCM. “We are very pleased to be cooperating with such a well-regarded institution.”
# # #
About Patria Direct
Patria Direct, a.s. is part of the Patria Finance, a.s. group. Patria Finance was founded in 1994 as the first Czech full-service investment bank, and is wholly owned by the KBC Group, through its subsidiary KBC Securities. Patria Direct provides individual investors with access to the leading local and global capital markets, and has more than 13,000 clients trading with assets of over $1 billion.
About FXCM
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional clients. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities. Over 150,000 live accounts trade on platforms offered by FXCM. FXCM Holdings LLC has over $100 million in capital.
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 25-November-2009
Leading Global Forex Firm Opens in Italy FXCM Italy Regulated by the CONSOB
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
Milan25 November 2009FXCM Holdings LLC, a leader in the retail forex business, has announced the opening of FXCM Italy (www.fxcm.it) a branch office of FXCM LTD (http://www.fxcm.co.uk/). Regulated by the CONSOB, FXCM Italy brings No Dealing Desk Execution* and offers retail forex clients no dealer intervention and tight spreads as low as 1 pip. FXCM Italy will strive to be a leading forex provider for the Italian market.
Through FXCM Italy, traders will benefit from a variety of currency trading products, services, and education. FXCM aims to deliver the best forex trading technology, resources, and 24/7 customer service through the multiple trading platforms it offers, including: FXCM Trading Station II, and MetaTrader 4.
Benefits of Trading with FXCM Italy
· No Dealing Desk Execution:* No re-quotes from dealer
· Easy to use Platform: Fully customizable look and feel with integrated charts
· Local Customer Service: Language support in Italian.
· Credit/Debit Card Funding: Available.
· Local Wire Transfer: Quick deposit and withdrawal service.
· Local Regulations: FXCM Italy is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB).
Contact FXCM Italy:
Via Stelvio, 7 - 20025 Legnano (Mi) - Italy
E-mail: info@fxcm.it Tel: +39 0331 541985
Web: http://www.fxcm.it Fax: +39 02 36049254
Registrati per un conto demo con FXCM Italia: http://www.fxcm.it/open-free-demo.jsp
As of September 2009
FXCM Holdings LLC has over $100 million in capital.
More than 150,000 live accounts trade on platforms offered by FXCM.
An average of $365 billion in notional volume is traded each month on platforms offered by FXCM.
More than $600 million in customer funds trading on platforms offered by FXCM.
*Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts
Risk warning: Currency trading involves substantial risk of loss, read full disclosure.
NEWS FROM FXCM FOR 20-October-2009
DailyFX.com Re-launches Web Site:
New Tools for Forex Traders
For Immediate Release:
Media Contact: Jaclyn Salesjsales@fxcm.com
New York, October, 2009 DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched this past weekend. With a wide international audience, it attracts over 7 million page views a month, making DailyFX.com one of the world’s leading news and information sources for the forex trading community. Now DailyFX readers have access to Mobile Alerts and the new Rollover Calendar.
DailyFX analysts produce over 30 articles and reports per day on the latest changes in the currency market, provide timely technical analyses, and close examinations of promising chart formations. DailyFX.com also makes predictions on market moves, explains the economic, political, and technical factors driving the market, as well as provides positioning and quantitative data.
Under the new leadership of Antonio Sousa and John Kicklighter, together with its staff of nine full-time analysts DailyFX.com will continue to provide its first-class forex content to millions of traders worldwide.
Learn how to navigate around the new DailyFX.com to find all of your favorite articles and some new exciting features: VIDEO: http://www.dailyfx.com/forex/video/guest_commentary/2009-10-19-1910-Tour_the_New_DailyFX_Site.html
What is New?
Mobile Alerts: Now you can start receiving market-moving economic data on your mobile phone. http://www.dailyfx.com/calendar/mobile_alerts/ Rollover Calendar: Know beforehand how many days of rollover will be applied to any particular trading day on any trading pair, and when a national holiday will affect rollover. http://www.dailyfx.com/calendar/rollover_calendar/
Trading the News LIVE: Now trade news events live with the DailyFX Analysts. An Analyst will answer your questions and give up-to-the-minute commentary on news events as they happen. http://forexforums.dailyfx.com/trading-news-live-coverage-dailyfx-analysts/
DailyFX is constantly expanding and improving its offerings, and has released a brand new version of the website. We’ve kept all the same great articles and resources that have made the site so popular, added some new ones, and made everything much easier to use. Let us know what you think by emailing us your feedback and suggestions to feedback@dailyfx.com.
# # #
About DailyFX.com
DailyFX.com is one of the world’s leading news and information sources for the currency trading community.
· Wide international audience: Over 7 million page views a month.
· Up-to-the minute news: From 20 to 30 articles and reports every day on the latest changes in the currency market.
· Mobile Alerts: Now you can start receiving market-moving economic data on your mobile phone.
· 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.
# # #
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 31-August-2009
Forex Trading Contest Offers $40,000 in Cash
New York – August 31st, 2009.
FXCM Micro’s monthly forex trading contest starts tomorrow, September 1st, 2009. $25,000 in cash is awarded to the trader with the highest monthly trading return; $10,000 is awarded for second, and $5,000 for third place. FXCM Micro wants you to be the king!
Click here to watch a live chat question and answer session with a recent two time King of the Micro winner, on how he trades. http://forexforums.dailyfx.com/trading-pit-walker/98551-interview-king-live-11-00-et-08-31-a.html (Recorded Monday August 31, 2009 at 11:00 am EST)
The popular currency trading contest has been running for over four years and is free to participate in. King of the Micro is available to clients all around the world. Recent winners have come from the United States, China, Malaysia, and Canada.
All participants of the King of the Micro contest will receive the FXCM Power Course free to improve their chances to be King.
There is no registration needed, and the requirements are simple: all FXCM Micro clients with $500 in their Micro account at the beginning of the month are automatically entered. And traders must make at least ten trades during the month.
For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here. http://www.forexmicrolot.com/king-micro-trading-contest.html?CMP=PR-King
FXCM Micro is the discount brokerage division of FXCM. Traders may open an account and start trading with as little as $25 to enjoy FXCM Micro’s super-low spreads, automated execution, and 1k lot sizes. FXCM Micro is offered for individual, self-traded accounts.
FXCM Holdings, LLC Facts
As of June 2009
FXCM Holdings LLC has over $100 million in capital
More than 150,000 live accounts are traded through platforms offered by FXCM
An average of $365 billion in notional volume is traded each month on FXCM trading platforms
More than $600 million in customer funds trading on platforms offered by FXCM
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
FXCM Takes on Leading CFD Providers: Offering Forex, Stock Indices & Commodity CFDs
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
London, 31 August 2009 FXCM Ltd. (www.fxcm.co.uk), a leader in the retail forex business will now offer a CFD product focusing on forex, global stock indices, oil, and precious metals.
Key features of online CFD trading with FXCM include:
Ø No re-quotes
Ø Competitive pricing
Ø No commissions*
Ø Generous leverage†
Ø Single position accounts with hedging capabilities
Ø Benefits from dividends
Ø Guaranteed no deficit account balance as a result of trading with no extra fee
By trading CFDs with FXCM, retail clients benefit from FXCM’s close banking relationships with ten of the largest and most aggressive price providers who supply clients with large pools of liquidity and highly competitive spreads, even during market-moving news events. Furthermore, FXCM believes that the new index, commodity, and precious metal CFD instruments will complement their existing forex business and appeal to more retail clients globally, enabling them to trade a range of products from a single trading account.
FXCM executes your trades with no re-quotes. Some CFD brokers trade against their clients and will re-quote in order to make money on your trades, which creates a conflict of interest. FXCM will not interfere in your trading by re-quoting your trades.
Brian Griffin, Executive Director for CFDs at FXCM says:
“FXCM has some of the best people in the industry and feel that it is only a matter of time before FXCM claims its place as a significant provider in the global CFD industry.
Everything we do at FXCM is driven by client demand. Our clients have long asked to apply the no re-quote business logic we adopted for our award winning forex service to the index, oil, and metal CFD market-place.
This is what we have doneno re-quotes for our CFD products. I believe we have created the industry’s fairest retail trading platform. We welcome all clients who are frustrated with their current forex and CFD provider to give us a try.”
Open a free practice account and begin trading CFD’s with FXCM Ltd. http://www.fxcm.co.uk/free-forex-accounts.jsp
For further information on CFD market news and analysis please visit FXCM’s free news Web site www.CFDTrading.com.
# # #
FXCM Holdings LLC Facts
As of June 2009
FXCM Holdings LLC has over $100 million in capital
More than 150,000 live accounts trade on platforms offered by FXCM
An average of $365 billion in notional volume is traded each month on platforms offered by FXCM.
More than $600 million in customer funds trading on platforms offered by FXCM
Risk Disclaimer:
*FXCM is compensated through the bid/ask spread except where otherwise noted. Please note, commission charges apply for certain classes of non-standard accounts such as Active Trader.
†Without proper risk management, a high degree of leverage can lead to large losses as well as gains.
Leveraged Contracts for Difference (CFD) and foreign exchange (Forex) trading carries a high degree 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 CFDs and/or 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 CFD and forex trading, and seek advice from an independent financial advisor if you have any doubts.
Currently, residents of the United States are not permitted to trade CFD instruments offered by FXCM.
NEWS FROM FXCM FOR 06-July-2009
Notice to FXCM LLC (FXCM U.S.) Traders:
How to use Stops and Limits after July 31
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
New York―July 6, 2009―FXCM Holdings, has received numerous questions after our first e-mail regarding the new NFA Compliance Rule 2-43(b). Please note that you will be able to use entry orders to place stops and limits after July 31, 2009. Entry orders provide the ability to realize profits and cut losses.
Using entry orders for stop-loss and limits after July 31, 2009:
For Buy Positions: Placing an entry order to sell below the price where you got into the position protects you from additional losses. Placing an entry order to sell above the price where you got in locks in profits.
For example, if you have a BUY EUR/USD position at 1.3900, you could place:
a stop-loss using a sell entry order (Stop Entry, SE) at 1.3800
or
a limit using a sell entry order (Limit Entry, LE) at 1.4000.
For Sell Positions: Placing an entry order to buy above the price where you got in protects you from additional losses. Placing an entry order to buy below the price where you got in locks in profits.
For example, if you have a SELL EUR/USD position at 1.3900, you could place:
a stop-loss using a buy entry order (Stop Entry, SE) at 1.4000
or
a limit using a buy entry order (Limit Entry, LE) at 1.3800.
The National Futures Association (NFA), our industry's self regulatory organization in the United States, has informed all Forex Dealer Members, which includes FXCM, that it has adopted new Compliance Rule 2-43(b) regarding forex trading. Read Compliance Rule 2-43(b) http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273
This rule requires orders be executed First In, First Out (FIFO). FIFO requires that when multiple positions are held in the same currency pair, the position which was first opened will be the first to be closed. This will prevent stop-loss and limit orders from being placed on individual tickets (orders and positions).
FXCM has always encouraged active risk management through the use of stop-loss and limit orders. The stop and limit orders that have been available through the “Open Positions” window are two entry orders that are linked to an individual open position. If a stop or limit order is triggered, the other is canceled. The FIFO rule prevents stops and limits from being attached to an individual ticket.
FXCM is introducing a new feature called OCO (One Cancels the Other) entry orders, which will provide traders with the same functionality as they have been accustomed, except that they are not linked to any positions. Watch This Video Presentation To See How To Manage Your Risk Using OCO Entry Orders: https://admin.acrobat.com/_a205571165/p91063619/
For additional information, please visit the "NFA FIFO (First in, First Out) Rules" forum on DailyFX. We will be holding live question and answer sessions within the DailyFX forum. http://forexforums.dailyfx.com/nfa-fifo-first-first-out-rules/
Do I have to change my current platform?
While FXCM acknowledges the NFA's concern and obligation to protect clients, FXCM would like to extend an option to those who would like to continue using the current platform functionality. Traders can transfer their accounts to Forex Capital Markets Ltd. (FXCM UK) and continue to place stop-loss and limit orders and maintain the ability to modify and close orders from the "Open Positions" window.
If you wish to maintain your current platform functionality, you can trade through FXCM UK, which is regulated by the Financial Services Authority (FSA) in the United Kingdom.
If you wish to transfer your account to FXCM UK, please complete the one page form:
Standard 10k Account Transfer Form: http://www.fxcm.com/std10k-transfer-form.jsp
Forex System Selector Account Transfer Form: http://www.fxcm.com/fss-hedging-transfer-form.jsp
Micro Account Transfer Form: http://www.forexmicrolot.com/micro-hedging-transfer-form.jsp
MetaTrader 4 Account Transfer Form: http://www.fxcm.com/mt4-hedging-transfer-form.jsp
Deadline to Complete Transfer Form: JULY 21, 2009
Top FXCM UK Frequently Asked Questions:
More FAQs are available on the DailyFX forums: http://forexforums.dailyfx.com/nfa-fifo-first-first-out-rules/
Q: If I switch my account to FXCM UK what protection is available?
A: The FSA is the regulatory body that oversees spot FX trading in the United Kingdom. The market has been regulated in the UK much longer then it has been in the U.S. Accounts with FXCM UK are segregated in accordance with FSA client money rules. The financial services authority, one of the world's most respected financial regulatory bodies, regulates FXCM UK.
Q: How may I deposit funds to my account if it is housed with FXCM UK?
A: FXCM UK provides for bank wire, debit card, credit card, and check deposits and withdrawals. Please note there are different Web site links and funding details associated with accounts at FXCM UK. Visit FXCM - Depositing Funds Options for full details. Please also note clients have the option to hold their accounts in GBP, EUR, USD, JPY, CAD, and NZD. U.S. clients may send domestic wire deposits. http://www.fxcm.co.uk/depositing-funds.jsp
Q: Will I be able to place stop-loss and limit orders on individual positions after I transfer to FXCM UK?
A: Yes. All FXCM UK accounts will allow clients to place stops and limits as well as close positions from the "Open Positions" window.
Q: Will hedging be enabled on my account after it is transferred to FXCM UK?
A: Yes. All FXCM UK accounts default to have hedging enabled. That is to say that buy and sell positions will no longer offset each other. Buy and sell positions can now be held on the same account. Clients who wish to have hedging disabled can elect to turn the function off via MyFXCM. https://www.myfxcm.com
Q: Will OCO entry orders be enabled on my account after it is transferred to FXCM UK?
A: Yes. However, if the account does not have hedging enabled the OCO orders executed in the opposing direction of open positions will effectively offset those positions. Conversely, a market order to buy 100K GBP/USD will NOT be offset by an entry order to sell if the account has hedging enabled.
If you have any questions about the new regulations, or their effect on your risk management, please don’t hesitate to contact us at 1-888-503-6739, or e-mail us at info@fxcm.com.
FXCM Holdings LLC Facts
As of January 2009
• 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 $500 million in customer funds trading on platforms offered by FXCM
Trading FX on margin carries a high level of risk, and may not be suitable for all investors.
NEWS FROM FXCM FOR 01-July-2009
Notice to FXCM LLC (FXCM U.S.) Traders with MT4 Accounts:
KEEP MT4 AND YOUR EXPERT ADVISORS:
TRANSFER YOUR MT4 ACCOUNT TO FXCM UK
AS OF JULY 31, 2009, ALL FXCM U.S. MT4 OPEN POSITIONS WILL BE CLOSED.
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
New York, July 1, 2009―FXCM LLC would like to notify all FXCM clients holding MetaTrader 4 (MT4) accounts with FXCM U.S. of the changes that will occur after July 31, 2009. The National Futures Association (NFA), the primary regulatory authority for forex in the United States, has adopted new compliance rules that will have dramatic consequences for your MT4 account. The most significant new requirement requires all open positions to be closed out on a first-in-first-out basis.
To date, we have received no indication that the MT4 platform will be able to be modified to comply with first-in-first-out execution without significant loss in functionality. The solutions that FXCM have examined would cripple the operation of many expert advisors and will result in a much less robust platform. As a result, FXCM plans to support the MT4 platform through its UK entity―Forex Capital Markets Limited (FXCM UK)―which is regulated by the UK’s Financial Services Authority (FSA) . The MT4 platform will no longer be offered through FXCM U.S. and will be discontinued on July 31, 2009.
AS OF JULY 31, 2009, ALL FXCM U.S. MT4 OPEN POSITIONS WILL BE CLOSED. Clients will have the choice of having their account transferred to FXCM UK with no change to their existing trading platform functionality.
If you wish to transfer your account to FXCM UK, please complete the one page form. Account Transfer Form (http://www.fxcm.com/mt4-hedging-transfer-form.jsp)
DEADLINE TO COMPLETE EARLY OPT IN: JULY 8, 2009
DEADLINE TO COMPLETE LATE OPT IN: JULY 21, 2009
Important Notice: If you completed the transfer form, your account will be operational prior to the implementation of new NFA regulations. You will be notified via e-mail when your account is transferred.
Your account number and password will remain the same and your open positions will remain intact. Moving an account to FXCM UK involves some changes in deposit and withdrawal instructions, and changes in charges for transferring funds. However, FXCM UK clients have the option to send funds to the United States and fund via credit card. MYFXCM.com will also be available.
Deposits | http://www.fxcm.co.uk/depositing-funds.jsp
Withdrawals | http://www.fxcm.co.uk/forms.jsp
MYFXCM.com | https://www.myfxcm.com/fxma/?plugin=0&ib=FXCM
If you have any questions about the new regulations or their effect on your risk management, please don’t hesitate to contact us at 1-888-503-6739, or e-mail us at info@fxcm.com.
FXCM Holdings LLC Facts
As of January 2009
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
Trading FX on margin carries a high level of risk, and may not be suitable for all investors.
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:
|
Swedish Krona Pairs |
Norwegian Krone Pairs |
Danish Krone Pairs |
|
EUR/ SEK |
USD/NOK |
USD/DKK |
|
USD/SEK |
EUR/NOK |
|
|
CHF/SEK |
CHF/NOK |
|
|
GBP/SEK |
NOK/JPY |
|
|
SEK/JPY |
|
|
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
# # #
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)
|
ASSETS |
|
|
|
CUSTOMER CASH |
287,614,938 |
|
OPERATING CASH |
130,307,551 |
|
OTHER ASSETS |
9,248,124 |
|
FIXED ASSETS |
10,476,181 |
|
|
|
|
TOTAL ASSETS |
437,682,794 |
|
|
|
|
LIABILITIES |
|
|
|
CUSTOMER DEPOSITS |
287,614,938 |
|
DEFFERED REVENUE |
16,000,000 |
|
OTHER LIABILITIES |
19,082,018 |
|
|
|
|
TOTAL LIABILITIES |
322,696,956 |
|
|
|
|
CAPITAL |
|
|
|
FXCM CAPITAL |
114,985,838 |
|
|
|
|
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.
# # #
|
FXCM Holdings, LLC Facts
As of January 2009 |
|
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 |
|
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 |
|
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.
NEWS FROM FXCM FOR 15-April-2009
FXCM and DailyFX Offer New and Innovative Forex Trading Signals in Multiple Languages
New York―April 2009―FXCM (www.fxcm.com), in cooperation with DailyFX.com (www.dailyfx.com), announced the multi-lingual release of their forex Trading Signals in English, Spanish, Arabic, French, Russian, Chinese, and Japanese.
Exclusively available to FXCM’s live clients through the DailyFX+ Web site, forex Trading Signals offer highly interactive trading alerts that update automatically in real time, 24 hours a day, on a dynamic basis. The Trading Signals track six technical strategies across fourteen currency pairs, consisting of two focused on range-bound markets, two on breakout, and two on momentum strategies.
Customizable alerts update in real-time when the system triggers a change in any of the signals, allowing clients to update stops and limits, and to buy or sell. Each signal has a profit/loss indicator counted in pips to determine the profitability of a given signal. This is determined by comparing the current market price to the entry price, and assumes there is only one lot being traded.
The new signals are designed to be extremely user-friendly. Red and blue arrows indicate the market direction toward which the strategy expects price action to turn. Six boxes allow traders to display their favorite currency pairs (and they are saved on your browser, which is nice) to view the entire system in a single glance.
Watch our instructional video on the new DailyFX + Trading Signals: http://forex.acrobat.com/p76071208/
NEWS FROM FXCM FOR 09-April-2009
Leading Global Forex Firm
Targets the German Market
For Immediate Release:
Media Contact: Jaclyn Sales, jsales@fxcm.com
April 8, 2009―Forex Capital Markets Ltd. announced the launch of the firm’s German desk. With this expansion, FXCMwill strive to provide superior personalized customer support in German.
Because of FXCM’s access to highly competitive prices from our relationships with some of the world’s largest banks, and as a premier “No Dealing Desk” or agency execution forex firm focusing on German traders, FXCM offers clients no dealer intervention and tight spreads as low as 1 pip.
Through FXCM’s UK entity―regulated by the FSA― the FXCM German Desk will provide a variety of currency trading products, services, education, and a CFD product to launch in late 2009. FXCM will aim to deliver the best forex trading technology, resources, and customer service in German.
Benefits of Trading with FXCM
· No Dealing Desk execution
· No requotes from dealer
· Spreads as low as 1 pip
· Easy to use platform―fully customizable look and feel with integrated charts
· Customer service in German
· Regulated in six international jurisdictions: U.S., UK, Canada, Hong Kong, France, and Australia
Contact FXCM’s German Desk Manager, Jonathan Baumgart by e-mail at info@fxcm.de for more information.
Country Specific Toll-Free Numbers
Germany: 0800-101-4751
Switzerland: 00-800-2233-4466
Austria: 0800291095
Main Line +44 207 398 4050
E-mail: info@fxcm.de
Web site: http://www.fxcm.de/
# # #
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, in excess of $600 million in customer funds trading on platforms offered by FXCM
· Forex Capital Markets Limited is regulated by the Financial Services Authority in the UK.
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors.
FXCM focuses on retail and institutional forex services as well as white-label partnerships. FXCM is always looking to expand its affiliate network.
NEWS FROM FXCM FOR 02-April-2009
New FXCM Active Trader Platform
FXCM, (www.fxcm.com) has launched its one-of-a-kind forex trading platform, Active Trader.
Key Features:
Low Spreads – EUR/USD Typically Less Than 0.7 pip.*
Ability to Display up to
10 Levels of Market Depth.
View of the Liquidity Available at Each Price Level.
Web-Based Trading. No Downloading.
To test Active Trader in real-time, sign up for a free two-week trial. Sign Up Now
Active Trader displays an ECN type view of total liquidity available through the platform, providing two major advantages:
Transparency in Execution: Before trading, you should know the exact price at which a market order can be filled based on available liquidity.
Short-Term Market Direction Indicator: If the amount of liquidity is heavily tilted towards either the bid or ask side, this indicates that short-term prices may be moving towards the side with less liquidity.
FXCM Active Trader is an agency / external execution platform,† with commissions determined by trading volume. Opening an account on the FXCM Active Trader platform requires a minimum deposit of $25,000, or a history of executing at least $10M in notional trading volume per month. There is a small commission charge that starts at $5 per side for each 100,000 unit trade, and decreases based on volume. Spreads are typically 1 pip less than with an FXCM Standard account, resulting in much lower transaction costs. To see a cost comparison, as well as other features please visit the Active Trader Website.
If you are interested in FXCM's Active Trader account service, please call us at 1-646-432-2970, or at 1-888-503-6739 ext 702970, or e-mail us at activetrader@fxcm.com. As soon as you register for the program, you can immediately begin to enjoy the benefits and status afforded to an Active Trader account holder.
We look forward to serving you.
Best regards,
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Tel: 1-646-432-2970
Fax: 1-212-897-7669
activetrader@fxcm.com
www.fxcm.com
NEWS FROM FXCM FOR 28-October-2008
FXCM Holdings, LLC Releases Latest Financial Data: Over $172 Million In Operating Cash
For Immediate Release:
Media Contact, Jaclyn Sales: jsales@fxcm.com
October 28, 2008 ― FXCM Holdings, LLC (http://www.fxcm.com) has released its most recent balance sheet, reporting record levels of operating cash and firm capital. The numbers reflect the group’s financial strength and status as of September 30, 2008. Highlights of the (unaudited) balance sheet include:
· Over $172 Million In Operating Cash (excludes client funds)
· Over $138 Million In Capital (assets minus liabilities)
FXCM comfortably exceeds all regulatory financial requirements and is one of the most well-capitalized Forex Dealer Members. While many financial services firms have suffered in the last few months, FXCM has not been negatively affected; in fact, the firm has strengthened its financial position over the last quarter.
FXCM’s core business of serving self-trading clients performed strongly throughout 2008. FXCM’s primary business model―No Dealing Desk execution―enables the company to generate strong earnings in both high and low volatility periods. FXCM is able to achieve these results without having to take on proprietary trading risk.
FXCM believes clients should have the necessary information to make intelligent choices about their brokerage firms. By releasing this information, FXCM continues to set a standard for the entire forex industry.
|
BALANCE SHEET (Unaudited) |
|
|
FOR THE MONTH ENDED SEPTEMBER 30, 2008 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
CUSTOMER CASH |
313,385,796 |
|
OPERATING CASH |
172,904,813 |
|
OTHER ASSETS |
9,377,669 |
|
FIXED ASSETS |
6,817,568 |
|
|
|
|
TOTAL ASSETS |
502,485,846 |
|
|
|
|
LIABILITES |
|
|
|
CUSTOMER DEPOSITS |
313,385,796 |
|
DEFFERED REVENUE |
19,500,000 |
|
OTHER LIABILITIES |
31,081,755 |
|
|
|
|
TOTAL LIABILITIES |
363,967,551 |
|
|
|
|
CAPITAL |
FXCM CAPITAL |
138,518,295 |
|
|
|
|
|
TOTAL LIABILITIES AND FXCM CAPITAL |
502,485,846 |
FXCM Holdings, LLC consists of, 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
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.
NEWS FROM FXCM FOR 09-September -2008
Ten New Things at DailyFX.com:
News, Reports, Trading Ideas,
Trading Guides and More
New York, July 29, 2008
DailyFX.com (www.dailyfx.com) recently unveiled ten new research products for traders. Being one of the world’s leading news and information sources for the currency trading community, DailyFX.com strives to continually increase the breadth of high-quality analysis it offers to currency traders.
Over the past two months, DailyFX.com has implemented these ten new features to the Website, in addition to the already ten to fifteen articles published daily.
New on DailyFX.com
1) Analyst Trading Ideas | Daily, published at 9:30 am (EST)
DailyFX.com will share their favorite trades. On Mondays, it’s "Pick of the Week," Tuesday, they cover the EUR and GBP. Wednesday is the JPY, Thursday is CAD, and Friday is AUD or NZD pairs.
http://www.dailyfx.com/analyst_picks/
2) New Report for the European Open | Daily, published at 2 am (EST)
Geared towards the European open, this updates the technical levels and fundamental developments.
http://www.dailyfx.com/story/special_report/special_reports/Euro_Open__Will_an_Empty_1215409280548.html
3) Top FX Headlines for the U.S. open | Daily, published at 7 am (EST)
A birds-eye glance at the top headlines from the European and Asian trading sessions
http://www.dailyfx.com/story/dailyfx_reports/top_fx_market_movers/Talk_of__200_a_Barrel_1215427966301.html
4) Third Quarter Forex Forecasts | Quarterly
http://www.dailyfx.com/story/forecast_reports/forecasts/2008_Third_Quarter_Currency_Market_1215107093519.html
5) Five Most Market-Moving Events of the Week | Weekly
http://www.dailyfx.com/story/special_report/special_reports/5_Key_Events_for_the_1215452563781.html
6) Which Should You Trade: Range or Trend | Weekly
Out on Mondays (in special report), using volatility, it determines whether the market is more conducive to range or trend trading and it suggests to clients which DailyFX+ article or strategy will work best in the coming week:
http://www.dailyfx.com/story/special_report/special_reports/Currency_Markets_Offer_Range_Trading_1214857539466.html
7) Emerging Market | Weekly
On Thursdays, Emerging Market FX Weekly covers the ZAR, MXN, TRY, SGD, and HKD from a technical and fundamental perspective
8) Technical Analysis Report Using Candlesticks and Fibonacci | Weekly
In addition to the Daily Techs, Currency Crosses, COT, Weekly Chart Analysis, and Top Bottom, DailyFX.com has launched two new weekly tech reports that analyze charts using Candlesticks (Monday) and Fibonacci (Tuesday)
http://www.dailyfx.com/story/special_report/special_reports/Candlesticks_Support_Further_Euro_Downside_1215412517737.html
9) Countdown on Economic Data
Two to three times a week, DailyFX.com puts an economic countdown to key data. The number is published within a few seconds of release on the homepage along with a few quick comments.
10) Forex in Sixty Seconds | Daily
Everyday, Terri Belkas and John Kicklighter do a 60 second video on the top events of the day.
Sample: http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1215123793853.html
Extra bonus | Emerging Market Trading Guide and Advanced Elliott Wave Guide |
Sign-up here to receive free trading guides: http://www.dailyfx.com/page/free_guide-range.html?
# # #
About DailyFX.com
DailyFX.com is one of the world’s leading news and information sources for the currency trading community.
· 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.
# # #
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 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.
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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 |
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